986 sats \ 0 replies \ @gnilma 25 Apr 2023 \ on: Bitcoin and my kids - A perspective from a father bitcoin
I'm a father of 3 and my family is of Chinese descent. In Chinese tradition, children get red envelopes containing cash from elders. Over the years, I have saved up all my children's red envelope cash. When I got orange pilled, I went ahead and converted all these cash savings into bitcoin. My little one is only 5, and I'm having custody over his coins. The older 2 (10 and 11), however, have Nunchuk installed on their phones and are holding their own coins in a 2 of 2 multi-sig, where I hold 1 key and they hold 1 key. I told them I will give them full custody of their coins when they become adults. I also emphasize to them all the time that they should always save money in bitcoin and only keep a small portion of spending money in fiat. Each time they earn additional money, I always ask them to save a portion of the money in bitcoin. Just trying to instill the habit of saving money into them. I didn't bother going to the bank to open a bank account with them, which many of my friends did. They can open a bank account themselves if they ever need one in the future, but now, they already have the best, most secure bank account ever, right on their phone.
When it comes to bitcoin, I think education is key. There is so much to learn and it's never too early to start learning about bitcoin and its related topics. Ultimately, all I want for my kids is for them to grow up into responsible, reliable, and resilient adults; and I believe the ethos of bitcoin is a good tool to guide them into what I want for them.
Just my 2 sats. Keep working and keep it real.