Sharing My Experience on Gifting Bitcoin to a Newborn Baby 🍼 \ stacker news ~bitcoin

Sharing My Experience on Gifting Bitcoin to a Newborn Baby 🍼

2659 sats \ 10 comments \ @Natalia 20 Jul 2023 bitcoin

I have a friend who just gave birth to a baby, it took me some time to think about what to gift him, then I ended up gifting him some Bitcoin 🤓 As I think the best present that one can gift to others is either Bitcoin ( (self-responsibility ) or knowledge.

The idea of gifting Bitcoin to a baby is

Teach him what is money right from the start
Learn about self-responsibility slowly
The money truly belongs to the baby bc we can secretly watch the wallet:p

Steps:

Set up a cold wallet with my tails USB
Test and wrote down the seed words in three copies

I gave two copies to the new mum and dad and kept one in their family member's house just in case. And I know paper is not an ideal way to keep the seed words, but I want to keep it simple for the parent to learn too. They looked a bit confused when they first received the paper, due to the random words, but it was fun at the same time, striking curiosity the right way.

And then I told them - Do not take any photos of it - Do not share it online - Keep the paper well or use your way to store it

I then showed them the simplest ways to use Bitcoin, by downloading Blue Wallet and inputting these 12 seed words, but should wait for the baby, because it's his Bitcoin! So we use the watch-only wallet for now (I scanned the master key for the parent ), so they can see the Bitcoin there and welcome onboard!

It was a pretty fun onboarding experience.

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184 sats \ 1 reply \ @Eljay 20 Jul 2023

Monetary benefits aside, being raised by bitcoiner parents is a true blessing. Great work!

15 sats \ 0 replies \ @Natalia OP 20 Jul 2023

Agree, even tho I am not a mum myself yet 🥸

But honestly, kids should skip all the BS fed by the system and simply be curious, learning how to solve problems and providing value for others while having fun in between.

103 sats \ 0 replies \ @criptopanas 20 Jul 2023

Is the best gift ever!!!!

A couple of years I did the same with my nephews but I used a paper wallet with a passphrase. I kept a copy just in case they lost their paper, but they took very good care of it.

They learned about money and time preference.

92 sats \ 1 reply \ @siggy47 20 Jul 2023

That's a great story! You gave the baby a wonderful gift, and maybe orange pilled the parents at the same time.

2 sats \ 0 replies \ @Natalia OP 20 Jul 2023

Yes, I can't wait to teach him how to set up his own node too 🤓

We need to have more Bitcoin babies who truly understand what is money and why we need to have money in the first place.

46 sats \ 0 replies \ @CoSatoshi 20 Jul 2023

Congrats to you and your friend! I had a similar experience recently wherein a friend of mine too recently had their first baby. Spoke with the new Daddy on the phone and we got into a convo about the baby's future, so naturally we started talking about Bitcoin. Next thing you know we're setting him up with a hw wallet so he can start saving long-term for the newborn. In honor of the conversation, I added the following to my shop and gifted one to him 😄

https://cosatoshi.shop/products/bitcoin-baby-bright-future

46 sats \ 1 reply \ @lunanto 20 Jul 2023

This is a generational gift

0 sats \ 0 replies \ @Natalia OP 21 Jul 2023

I opened the door for them, but they need to walk in themselves:) I'd curious to see what questions they would have when I go visit again next week 🤓

0 sats \ 0 replies \ @Busybe3z 21 Jul 2023

𝐇𝗼𝐰𝐝𝐲 𝐝𝗼 ? 🤠 👋

0 sats \ 0 replies \ @random_bitcoiner 20 Jul 2023

An aunt decided to send us some money for the birth of my baby. Wiring the money was too clumsy so I decided to teach her how to send the same amount (50 EUR) using Bitcoin.

I bought that much bitcoin and set up a 1-of-2 multisig with my spouse.