How to Orange Pill a Primary School Owner? \ stacker news ~bitcoin

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How to Orange Pill a Primary School Owner?

190 sats \ 6 comments \ @spiderman 7h bitcoin

So, my wife teaches at a school, and the principal (man, in his early 60s, not super tech savvy, nice French chap) expressed some casual curiosity about Bitcoin a few times.

I am thinking of trying to orange pill him to accept school fee (from parents) in Bitcoin. I do not accept expect many (or even one) parent would actually do that, but at least it will be a small victory in terms of adoption.

The challenges

I am in a very very fiat dominated region, where crypto means scam, and there is no other store in the province accepting Bitcoin.
While he did wonder once or twice about how high the price of Bitcoin is, he seems a total noob in terms of even understanding terms like on-chain, wallet, lightning etc.

So what would be the best ways I can show the benefits and methods to accept it as school fee from parents?

Should I suggest some custodial lightning (like CoinOS) or self-custodial on-chain (with a cold wallet like Trezor)? My biggest worries would be • A custodial service/company (easier to onboard for a noob) eventually rug-pulling him • Or, based on my word, suppose, he even invests in a cold wallet (or I can even give him one of my spares), but somehow he will fuck up something to do with the paper-backup of seed phrase, leading to his wallet getting drained

and in either of those cases, the blame will be squarely on me.

Related, when you guys orange pill someone, do you, up to a certain period of time, take the responsibility of their key management, to make sure they do not fuck up? Or do you let them generate and manage their own keys from day one however they see fit, the risk being on them?

To what extent (and for how long) do you think I bear the moral responsibility of safeguarding their sats if they choose to go down the path.

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0 sats \ 0 replies \ @88b0c423eb 20m

Stop it, orangepilling makes the price go higher artificially. Let people find out by themselves while we stack more at those price levels.

0 sats \ 1 reply \ @Wumbo 25m

I like @rootmachine comment about:

I would suggest him to have a school wallet and accept school donations for upgrades/events/etc.

I would phrase it to him as a start of an Endowment for the school. This Endowment could grow (in terms of fiat) to be come self-sustaining that could end up providing scholarship, building improvements, etc.. going into the future.

Paint the picture of like a Harvard Endowment https://en.wikipedia.org/wiki/Harvard_University_endowment

0 sats \ 0 replies \ @rootmachine 21m

even better. So yeah. There are points to start the conversation.

0 sats \ 0 replies \ @DarthCoin 2h

Few years ago I did an experimental pilot with a school based on this guide: https://darth-coin.github.io/merchants/lnbits-saas-schools-events-en.html

It was fun and kids learned a lot from it.

0 sats \ 0 replies \ @rootmachine 2h

I would suggest him to have a school wallet and accept school donations for upgrades/events/etc. in crypto, specifically in BTC. That's for a start. And if he sees fit, in time he can also accept school fees or a at least a percentage of the fee. That would be a great win. The issue I see here with the wallet being a school one is the security of the keys indeed. That is something that has to be fully explained and understood before anything. To be understood as I would not take responsibility with the keys

0 sats \ 0 replies \ @1GLENCoop 5h

I would definitely avoid any custodial lightning. Even though it's nice to have instant settlement, the pain of the permanent loss associated with the inevitable rugpulls outweighs the pleasure of quick easy payments.

I would suggest that you first learn how to Multisig using Nunchuk, then try to find a way to share your advice with them about what you've learned.