Coney_Croft on Nostr: Just thinking about the next step for Bitcoin success. I think Wall Street with ...

Just thinking about the next step for Bitcoin success. I think Wall Street with ETF’s and all other types of investment and trading schemes is not what Bitcoin was meant to be. All and All OK, but what do we need to do to get the every day person to get what it’s really all about. Other than getting rich trading it in and out of Fiat Currency. I Orange Pilled some people a few Thanksgivings ago. They went out and bought some through Coinbase. Most of them forgot about it, and some of them just sold it when it went up, and did not buy any more. They just don’t seem to have the time, or incentive to take it any further in understanding it. Too technical for them they say, and they don’t see the point in the time needed to learn it. So I think to myself, what can I do to take this further. I started with my sister. She has 2 daughters 6 & 7 years old. She is very busy just bringing them up, and has a full time job herself. It dawned on me how I could help her and her children to understand this thing that I feel is very important for their future. What if I established a Bitcoin wallet and a Lightning wallet for my sister, and also for each of their 2 children. Then I said that I would fund a Bitcoin wallet to my Sister, and from that wallet she would give the children their allowance in Bitcoin. They are already receiving a Fiat allowance, so I would match the Fiat Allowance with Bitcoin. I would want her to move some Bitcoin to a Lightning wallet, and then transfer Lightning Bitcoin to the Kids wallet as she pays the allowance out to them. As the Lightning Bitcoin grows in the Kids wallet, I would want them to transfer larger sums to their Bitcoin wallet from their Lightning wallets. The kids could even go as far as to trade Lightning Bitcoin between each other for favors, or in payment for doing chores for the other. I need to figure out what wallets will work best to make this as simple as possible for them. I don’t think at this point that a hardware wallet is what I want them to have to mess with. Still too complicated at this point. I would however want them all to have Bitcoin wallets that require a 12 word seed phrase that they need to protect and save. The parent would be the responsible one to handle that. I would hope this catches on, and others they know will give it a try. It will be interesting to see how their Fiat allowance stacks up compared to their Bitcoin allowance.