nobody on Nostr: Build a system with short and long term incentives to get started on their own. For ...
Build a system with short and long term
incentives to get started on their own.
For example:
Nest Egg:
Get their attention. Gifting a large enough sum will laser focus that attention. Can be scaled from 100,000 sats to 1,000,000 sats based on age. Can have a time delayed withdrawal if you are concerned about spending before they even know what they have.
Matching contributions:
For every 1,000 sats they buy themselves, gift 1000 sats.
Milestone contributions:
Finish reading Broken Money by LynAlden (npub1a2c…w83a), gift them 1,000,000 sats
Save up to .25 BTC? Reward the achievement in BTC.
Slowly wean off the incentives. They will watch the value of their stack grow with time anyway, so Bitcoins inherent value will take over the long term incentive. Just have to help them bridge the gap between where they are now mentally, and where they will begin their own Bitcoin journey.
Just consider all of the upfront costs of incentives to be an early inheritance that will more profoundly enhance their life more than anything you give them after death.
As a bonus, it builds the mindset for them to understand what to even do with the inheritance you will eventually give them in BTC.
incentives to get started on their own.
For example:
Nest Egg:
Get their attention. Gifting a large enough sum will laser focus that attention. Can be scaled from 100,000 sats to 1,000,000 sats based on age. Can have a time delayed withdrawal if you are concerned about spending before they even know what they have.
Matching contributions:
For every 1,000 sats they buy themselves, gift 1000 sats.
Milestone contributions:
Finish reading Broken Money by LynAlden (npub1a2c…w83a), gift them 1,000,000 sats
Save up to .25 BTC? Reward the achievement in BTC.
Slowly wean off the incentives. They will watch the value of their stack grow with time anyway, so Bitcoins inherent value will take over the long term incentive. Just have to help them bridge the gap between where they are now mentally, and where they will begin their own Bitcoin journey.
Just consider all of the upfront costs of incentives to be an early inheritance that will more profoundly enhance their life more than anything you give them after death.
As a bonus, it builds the mindset for them to understand what to even do with the inheritance you will eventually give them in BTC.