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Question: Would you give bitcoin as a wedding gift?
Yes - 167 (66.5%)
No - 72 (28.7%)
I don't care - 12 (4.8%)
Total Voters: 251

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Author Topic: Would you give bitcoin as a wedding gift?  (Read 16598 times)
krishnapramod
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June 28, 2017, 04:14:35 AM
 #1

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Some tech-savvy wedding-goers are gifting the digital currency to new couples. Honeyfund, a honeymoon registry that allows guests to give cash rather than gifts, has seen more than a dozen customers donate in bitcoin, said chief executive officer and co-founder Sara Margulis. In recent years, more than a dozen customers have chosen to route donations to the site from bitcoin wallets. Zola, a wedding registry website, has had just two cash funds created for bitcoins since 2013, a spokeswoman said. "I would expect it to pop more as millennials come into the wedding age,” Honeyfund’s Margulis said. “It’s something you will do if your friends and family are already into bitcoin.

Bitcoin as an retirement plan, bitcoin to secure the future of your kids, and now bitcoin as a wedding gift. Whether or not bitcoin replaces cash in future, it looks like the trend of gifting bitcoin instead of cash at weddings is definitely going to catch up and more wedding registeries would be adding bitcoin as a gifting option.

Quote
Avoid using a wedding gift "as an opportunity to proselytize a technology you personally believe in, but the recipient could not care less about."

People who are not into bitcoin might not appreciate getting a volatile currency as a gift, and might never use it, thus adding it to the list of lost coins, but I think people who are already using bitcoin or would most probably use it in future then bitcoin instead of cash is the apt wedding gift for them.

http://www.marketwatch.com/story/would-you-give-bitcoin-as-a-wedding-gift-2017-06-27

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June 28, 2017, 04:20:57 AM
 #2

Now this looks little weird, but when days pass people starts gifting bitcoin when the popularity increases, one of my friend already has got bitcoin as a gift during the days of Christmas. But with that both were aware of the digital currency and it's value, but the same makes people think what's this gift with the unknown person. So same as we providing giftcard in future people use bitcoin for gifting purpose.

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Juggy777
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June 28, 2017, 04:22:43 AM
 #3

This idea has been on my mind for a very long time, to give my best Friend a half Bitcoin for his marriage. I feel all the gifts are boring and they are not worth the time and this would be the best idea. Also I would love to receive bitcoins as gifts when I marry that will help me plan my retirement very well. People are yet to awake to this but I feel that this is the best gift to give people so to make sure they really make most of their wedding lives with extra Cushing of money.

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June 28, 2017, 04:25:02 AM
 #4

No sorry for that but my bitcoin is precious to me.  I will give a good amount of money or maybe getting them a trip for honeymoon.  And when they asked where I got my money there I would say about the bitcoin.  Maybe I could encourage them to try it.  If I would give bitcoin as a gift and they do not know anything about bitcoin, perhaps they will not much appreciate it.

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June 28, 2017, 04:27:37 AM
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that's an interesting question!! I have ever thought about it before. But I'm thinking there are still many more meaningful gifts. Cheesy And I will give them to my lover ^^
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June 28, 2017, 04:29:19 AM
 #6

For me it would depend on whether the couple already knows about bitcoin or not because I won't turn their wedding gift into a lecture about the value of bitcoin.

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June 28, 2017, 04:37:17 AM
 #7

Yes ,,, if our friend the same understand what bitcoin is and understand how to use bitcoin. Seems to be a rare gift in the wedding

But if our friend does not understand what bitcoin is and how to use it, it seems like it would be useless to give it.

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June 28, 2017, 06:18:17 AM
 #8

I think, I'm going to give it as a wedding gift.
On one condition, the couples know how to use it or willing to learn about bitcoin.
Actually, this is also a good way for spreading news about bitcoin.

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June 28, 2017, 06:21:40 AM
 #9

Yes, i will give bitcoin as a wedding gift because it is one of the best gift in my opinion because they can have an asset that is good for long term and can give them money in terms of emergency and bitcoin is also an advanced currency so it will be easier for them to transact to anyone and get the benefits of having bitcoin. So i will definitely give bitcoin as a wedding gift.

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June 28, 2017, 06:27:01 AM
 #10

Bitcoin is too expensive and rare to give as gift.  Grin

I'm kidding... But yeah, I think the traditional gifts are more appropriated for this occasion, like stuff for the house and the beginning of the couple's life together. Bitcoin isn't a good gift for a wedding in my opinion, it doesn't make much sense. However, someday in the future it could be a trend and everyone will start doing it for fashion.  Tongue

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June 28, 2017, 06:30:48 AM
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While it's quite a thoughtful gift if you think about the potential it has to increase in value, to give it as a wedding gift right now for me anyway I think would not be appreciated as many people are still unaware of bitcoin.


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June 28, 2017, 06:31:41 AM
 #12

Maybe to my Son, I think that will be the perfect time to pass it on to him. Not a chance I give it to anyone else as a gift, its too expensive. I'd rather buy an expensive gift than giving out bitcoin... but maybe if I have btc in thousands, then it won't matter anymore and I may give out to random people as gifts as well.

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freedomno1
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June 28, 2017, 06:33:55 AM
 #13

If the people were Bitcoin users and they had a Bitcoin themed wedding perhaps I would give them a Dogecoin along with some BTC ^^
(The answer is yes but if they didn't know what the heck it was or how to use it I might be a bit evil about it and keep a private key copy of the gift for their sake... but the USB drive or Yubikey would be pretty  Grin)

investinator
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June 28, 2017, 06:37:57 AM
 #14

If the people were Bitcoin users and they had a Bitcoin themed wedding perhaps I would give them a Dogecoin along with some BTC ^^
(The answer is yes but if they didn't know what the heck it was or how to use it I might be a bit evil about it and keep a private key copy of the gift for their sake...)

Oh definitely if they aren't bitcoiners and aren't very tech savy then keeping a backup key on their behalf would only be safe. I didn't really think of that.
buwaytress
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June 28, 2017, 06:40:03 AM
 #15

My first instinctive answer was "yes, why not?" but after more reflection, I'd rather not. I don't know anyone who would accept the Bitcoin and want to understand its value. I can only imagine several likely outcomes if I were to give crypto at a wedding:

1. They forget about it in the blitz of other presents and under the fog of honeymoon bliss.
2. The hassle of learning how to use it makes them put it off.
3. When they finally decide to properly use it, they've lost the private keys.

Hmm. I am cynical about crypto after all...

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June 28, 2017, 06:44:18 AM
 #16

To be honest, I honestly would want to(in the future). The issue is that it is very unlikely that my future wife would look at bitcoin the same way as I do. Unless I marry a nerdy girlfriend, she definitely won't be interested in it. You know most girls, they prefer shiny jewelry.

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June 28, 2017, 06:44:54 AM
 #17

I guess no, giving Bitcoin is a bad idea especially if the amount is too little, better to give them some stuff that's actually cheap but looks valuable. It might be a really unique give but not the best give.
I'm honestly better to save up my bitcoin for myself rather than giving out to other people, it's an investment, but flower or cake is not  Roll Eyes .

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Yuuto
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June 28, 2017, 07:21:29 AM
 #18

Quote
Some tech-savvy wedding-goers are gifting the digital currency to new couples. Honeyfund, a honeymoon registry that allows guests to give cash rather than gifts, has seen more than a dozen customers donate in bitcoin, said chief executive officer and co-founder Sara Margulis. In recent years, more than a dozen customers have chosen to route donations to the site from bitcoin wallets. Zola, a wedding registry website, has had just two cash funds created for bitcoins since 2013, a spokeswoman said. "I would expect it to pop more as millennials come into the wedding age,” Honeyfund’s Margulis said. “It’s something you will do if your friends and family are already into bitcoin.

Bitcoin as an retirement plan, bitcoin to secure the future of your kids, and now bitcoin as a wedding gift. Whether or not bitcoin replaces cash in future, it looks like the trend of gifting bitcoin instead of cash at weddings is definitely going to catch up and more wedding registeries would be adding bitcoin as a gifting option.

Quote
Avoid using a wedding gift "as an opportunity to proselytize a technology you personally believe in, but the recipient could not care less about."

People who are not into bitcoin might not appreciate getting a volatile currency as a gift, and might never use it, thus adding it to the list of lost coins, but I think people who are already using bitcoin or would most probably use it in future then bitcoin instead of cash is the apt wedding gift for them.

http://www.marketwatch.com/story/would-you-give-bitcoin-as-a-wedding-gift-2017-06-27

Have to disagree with the statement that if you give bitcoin as a gift to people who don't know about bitcoin, it's not appropriate. And you should only give bitcoin to those who actually use it.

Of course, if you just leave them a private key and that's it, then the newlyweds aren't going to know anything about how to access the funds that are secured inside. What I would do is to include a wallet recovery seed hidden inside a card(perhaps bolding the words that make up the recovery phrase) and give clear instructions of how to use it.

Not only will it be interesting and adventurous for them to open and access the bitcoins, you are also introducing someone new to bitcoin, which is always a good thing.



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Natalia_Volkova
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June 28, 2017, 07:24:58 AM
 #19

Ahaahaha ... this is a very interesting question. I consider that bitcoin is a good gift, but on a wedding day I would give something more traditional.
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June 28, 2017, 07:31:07 AM
 #20

Actually, I was getting married half a year ago, and I really hoped that one of my nerdy friends will give me a bitcoin as a present.
I guess it depends on the receiver, and what are his thoughts about bitcoin.
I agree that you shouldn't force your prefered investment on someone else, but if he is already into this - why not?!
I say: Go for it!

P.S
And if one of you want to give me a late wedding present, my address is in my profile  Tongue
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