Thinking about offering to sell some sats to friends at the exchange rate from the beginning of this year.
A condition would be that if they sell, they have to pay me back the difference between the actual market price on the day I sold it to them and the price I gave them.
After 3 years, if the market price is lower than today, I'll accept the loss and only take whatever positive difference may be there.
The purpose of this approach would be to show the conviction of us bitcoiners through skin in the game, and giving whoever takes the offer an incentive to join and start educating themselves.
Letting them buy at year-low dampens the impact on them if there is a crash.
Maybe there should be some kind of profit-sharing upside for bitcoiners too, but I want to keep the terms simple.
Probably would keep the coins on a known self-custodied address and treat any larger transactions out from there as them selling. Maybe one could use some kind of decaying multisig setup through Liana or so.
What do you think?
You must really trust your friends. Just my take, but it seems like an accounting nightmare, and you might be a lonely guy in a few years.
reply
deleted by author
reply
I'm not saying they should invest any significant part of their savings, maybe max 5%.
Feel there is something in this idea, bitcoiners betting on bitcoin to drive adoption.
reply
I guess the hard part might be to stop them once they have 5%.. Even though I didn't sell them any more they might get FOMO, convert another 50% to bitcoin and then still blame me when it crashes.
reply
deleted by author
reply