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I attended a wake/funeral for an extended family member today. It was a sad occasion, and I certainly didn't expect to talk bitcoin (and shitcoins) at the event, but I did. First my nephew, who I knew was "into crypto" for years, told me he had rolled all of his shitcoins into bitcoin at a big profit last year. I chided him for his shitcoinery. He insists he knows how to trade and only bought them to get more bitcoin. I've heard this song before, and it never ends well, but he's an adult and capable of making dumb decisions like everyone else.
The interesting part is that he has orange and brown pilled my cousin, her retired husband, and his siblings too. (I think I just invented a term: brown pilled. The definition, obviously, is to convince someone to buy shitcoins).
He also told me all about his experience in taking a ledn bitcoin loan.
Anyway, it turns out another cousin and his sons have bought bitcoin recently too. So, a total of 8 members of my extended family now own at least some bitcoin. Interestingly enough, only my nephew owns any ETFs and mstr. The rest own bitcoin, but not their own keys.
It was a strange, unexpected funeral home conversation.
brown pilled This term is awesome.
The problem of not keeping one's keys, on the other hand, is more complex to explain to someone who has always trusted a banking institution.
If explain Bitcoin as an accumulation plan and not as an investment is already hard, explain the necessity to have a full-node at home and safely store 24 words, is really toxic.
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Strange and fun! Thanks for the report
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I think we can see the glass half full in this case, since they already have Bitcoin. Once they study Bitcoin, they might leave the brown pill behind and fully embrace the orange one.
I’m slowly introducing my family to it — I want to do it the right way. I don’t want them coming to Bitcoin thinking they’ll get rich. I want them to come because they understand that their money won’t be eaten away by all kinds of bureaucrats.
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36 sats \ 0 replies \ @Satosora 10h
Its good that more people in your family are accepting it. I have gotten a few friends and family also to buy, getting them to own their own keys is a process.
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36 sats \ 0 replies \ @zapsammy 10h
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Brown pilled brilliant! I love it and will use this term at the first opportunity! Your extended family sound rather onto it- although moving to full self custody is hopefully their next move. ETFs and MSTR are rat poison, imo. Of my extended family only sister ever bought Bitcoin - I gave up trying to convince them otherwise long ago. Sister works in finance as a lawyer for one of NZs larger non bank lenders and wanted to learn more and understand it as it is/was obviously a new and interesting concept, but I think she is still mostly loyal to the fiat debt slavery system that pays her salary!
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Brown pilled brilliant! I love it and will use this term at the first opportunity!
same here ^_^
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Is there any place that should be considered "odd" to discuss bitcoin? I doubt, cos even the Fed is getting into bitcoin.
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A funeral is one of them.
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I generally avoid raising it as the vast majority of people here in New Zealand at least seem hostile/scared/completely misinformed. The FUD campaign has been pretty effective in the minds of the majority, here at least, as far as I can see and gauge. It is a topic many people find confronting, unfortunately.
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