Perhaps making a custom custody setup where he can't access the sats unless a trusted loved one agrees to?

It's definetely a difficult topic. It's great that you are thinking about it to help him out.

Just first make sure to figure out how to keep him from using leverage and getting liquidated, which would certainly happen.

Holding Bitcoin feels like gambling. But Bitcoiners know it's a sure bet.

Bitcoin doubles its hardness every 4 years. Eventually Bitcoin will be infinitely hard and no other asset will be able to compete with it.

Some people say Bitcoin is the money of the future. More precisely, Bitcoin is the only money of the future that's here today. All the others will come and go. Same difference, I guess.

I suggest teaching the gambler about Bitcoin's value proposition. You get to ride a fractional share of the whole to infinity. Yee-haw!

If someone has a gambling addiction, and really gets orange pilled, understanding the price in 3 cycles probably pass $1M, we can be meeting the ultimate Staker and cured the gambling addiction.

It could be a dangerous experiment, but the person is already in a dangerous situation.

Hi buddy, addiction is a very hard thing to cure, u can't really paper over it with something else, as the price volatility of bitcoin can encourage even more gambling. Ultimately u need to get to the bottom of his addiction, I would openly chat to them and ask how they feel when the win/lose a bet/trade, when they first started betting, why do they think they gamble, what's the end goal of their gambling. If they mainly bet football, then something like fantasy premier league can give the same dopamine hit when they get a good week (but they don't need to waste money). Once u have addressed that, if u do orange pill them properly, then bitcoin becomes euphoric. U ignore the price, u understand the central bank manipulation, the robbing of your time and energy. You see the beauty of el Salvador, not giving 20% of remittances to greet corporates, u see how merchants can bypass the 3-10% fees to MasterCard/visa by using lightning. You see the libertarian side of people escaping war torn countries with a seed phrase. That purposeful enlightenment might help ease the need to gamble. I've seen a lot of people wasting their time and money gambling night and day. Its sad to see and I hope you get your friend orange pilled. When they are ready sign them up to things like like fountain (earning SATs for listening to podcasts), tweetoshi (earning SATs for looking at twitter) and zeebeedee (playing games like bitcoin miner). Hope you get them orange pilled man 😎

What if you helped him set up a Swan account to DCA - relative could fund the account and then set it up to move to a cold wallet. It would keep funds from being pulled or spent and give them access to magic internet money.

Long term it wont help until they get control of the addition...just think of all the lotto winners and sports athletes that go broke 4-6 years after 'making it'.

Thanks for your input

Trading, using leverage is not an option and will without doubt feed the gambling monster inside and would get the person in trouble

It is also the family that puts a question mark because to people that do not understand bitcoin, or want to know more think that it is just a gamble. Which we all here believe that it is not.

It definitely also comes down to the individual. Guess there is no recipe for it how the reaction or mindset will be

That is a good point, still can put me in a bad spot if he wants access to his funds. It’s hard for me to try to put me in the footsteps of the person and imagine how it will be when bitcoin keeps increasing in value and how it would affect the mindset