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Author Topic: Giving out to promote Bitcoin  (Read 661 times)
Edcrypto91 (OP)
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April 09, 2023, 10:31:47 PM
Last edit: April 09, 2023, 10:48:27 PM by Edcrypto91
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 #1

Happy Easter everyone
Today I gave out $20 to 5 random high school students each in a WhatsApp group after of course enlightening them about Bitcoin and conducting a quiz for them I did this in hopes of trying to assist in developing the Bitcoin ecosystem although it's of small impact
I sent the Bitcoin to Thier noncustodial wallet and also enlightened them on how to manage Thier wallet
What do you think!?
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April 09, 2023, 10:40:59 PM
 #2

I think you did a really generous thing, though it may look small right now but the students will take it to heart. Big things come in small packages, educating others on bitcoin is valuable to the bitcoin ecosystem as running your own node. Was the $20 in bitcoin or fiat? I would prefer if you gave them bitcoins so they can have their own non custodial wallets and learn how to send/receive bitcoins. Happy Easter!

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April 09, 2023, 11:25:49 PM
 #3

What do you think!?

Well, according to the belief of Christans (of which I am one), Christ rose from the dead today. I think you have done a remarkable thing on this day by giving away $100 worth of Bitcoin. Also, I think you should give us some pictures to really make us believe you did what you said, that's if you don't mind. Am now the Thomas that's not yet convinced.

.
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April 09, 2023, 11:42:28 PM
 #4

Giving away bitcoin is very generous.  According to your post you gave 100$ worth of bitcoin so that these high school kids can learn more about bitcoin and its technology. 

I am not here to judge, but I am curious which wallet you suggested them to hold their bitcoin. Do they know how to keep their wallet safe,  and what are they planning to do with that bitcoin?
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April 10, 2023, 01:40:03 AM
 #5

I sent the Bitcoin to Thier noncustodial wallet and also enlightened them on how to manage Thier wallet
Thier wallet is what I did not know and can not find with Google and some review websites about wallets for Bitcoin.

Could you give me a link to Thier wallet website and its Github, please.

Your idea  looks good when you chose a non custodial wallet that gives users full control in their wallet and their coins, inputs and outputs, fee rates and transaction fees. They can use Replace-by-Fee and Child-Pay-For-Parents too.

R


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April 10, 2023, 01:56:49 AM
 #6

if your goal is to educate students by giving bitcoin to selected students that is a good thing.

because if you give them btc, of course they will be more serious about learning about bitcoin.

usually teenagers are very good at capturing power when they are taught about bitcoin, especially with the addition as you do by giving btc, so what you do is a positive activity.
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April 10, 2023, 02:05:23 AM
 #7

That's very noble of you to do. It's probably because of the money that they listened to you, but it's a great start. A lot of people would have started it like that if they have something to start on. It's great that you were able to ask them to create a non-custodial wallet because it can be quite overwhelming at first if they don't have devices to use or if they want something easy.

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April 10, 2023, 02:06:01 AM
 #8

Happy Easter everyone
Today I gave out $20 to 5 random high school students each in a WhatsApp group after of course enlightening them about Bitcoin and conducting a quiz for them I did this in hopes of trying to assist in developing the Bitcoin ecosystem although it's of small impact
I sent the Bitcoin to Thier noncustodial wallet and also enlightened them on how to manage Thier wallet
What do you think!?

Your idea was good because you have created awareness about bitcoin no matter how insignificant you think the effort is. I am sure some of them might not have known bitcoin before but you have introduced it to them. They might not invest in or buy the currency now because most of them are still depending on their parent but they might consider it in the future.  

I also have some reservations about your selfless service. In my country, students in high schools are between the ages of 9-16 years. So I want to add that introducing some of these students to bitcoin at this tender age might become a distraction to them. They should focus more on their academic and social life at this age and not on financial matters. Please don't get me wrong, I commend your effort but I am not comfortable with the ages of your target.

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April 10, 2023, 02:22:08 AM
 #9

That's fair bro.

Even from the little you have, most people thinks that they need to have much before dishing out, but the truth is that if you can't give from the little you have, you won't be able to give when you have much.

Keep up the good work.
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April 10, 2023, 02:30:35 AM
 #10

Happy Easter everyone
Today I gave out $20 to 5 random high school students each in a WhatsApp group after of course enlightening them about Bitcoin and conducting a quiz for them I did this in hopes of trying to assist in developing the Bitcoin ecosystem although it's of small impact
I sent the Bitcoin to Thier noncustodial wallet and also enlightened them on how to manage Thier wallet
What do you think!?

I commend you for your generous act this season. You have done well OP but i am curious to know more on your interactive session with the students. You said  you had a lecture with them on whatsApp how were you able to decipher that they all really understood what you taught because giving them bitcoin after teaching them when you were not there with them does not guarantee that they really understood the process as you can not tell as they are smart kids. I am not i anyway discrediting your good works but i am just curious as to know.

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April 10, 2023, 02:55:36 AM
 #11

That's actually a good initiative for promoting Bitcoin especially to youngster. A little quiz with a prize would make them study and research more about Bitcoin for them to have knowledge about it. However it makes me think on how can they manage their Bitcoin in their wallet? I hope you gave them instructions too for them to make it big and not gonna freeze in their wallet for a long time. They might just flex that they have Bitcoin but for a long time they didn't even know how to convert it in fiat money or how to make profit from it.

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April 10, 2023, 03:49:47 AM
 #12

Wow OP,this is something nice that you did on Easter day and I bet you those kids will go out telling people about bitcoin because they have earned $20 in bitcoin which will motivate them to learn more about bitcoin. I don't understand how they got their wallet ? Where you the one that taught them about how to get a noncustodial wallet, if yes. Did you teach them how to use their wallet and to back up their phrase seed. I feel this is too much for them as a newbie for their age. Next time don't introduce them to money,instead just teach them the basics of bitcoin and when they are grown up and they like bitcoin concept, they can learn on their own from when you stopped. This will distract them from their studies because if they tell their friends about this. They may all be looking for watsap groups that gives out bitcoin which is untrue
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April 10, 2023, 04:10:24 AM
 #13

you are doing good for your students. especially if you don't give it for free. You create quizzes to hone your student's abilities. not only an introduction to Bitcoin and also an operationalization of wallets. you are actually investing for the future.
now maybe your student can immediately sell the Bitcoin that you provide. but once they know, in the future when they have enough money to manage their own Bitcoins. I'm sure they will remember your kindness.

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April 10, 2023, 04:21:04 AM
 #14

Happy Easter everyone
Today I gave out $20 to 5 random high school students each in a WhatsApp group after of course enlightening them about Bitcoin and conducting a quiz for them I did this in hopes of trying to assist in developing the Bitcoin ecosystem although it's of small impact
I sent the Bitcoin to Thier noncustodial wallet and also enlightened them on how to manage Thier wallet
What do you think!?
It is a very good initiative to make students aware about Bitcoin. But since you give $20 to five random students, each student will get $4.  In this case, if you want to pay them via Bitcoin, you will be charged a $0.5-$1 transaction fee when you send that $4 to their Bitcoin address.  And when those students go to sell those bitcoins they will still be charged exactly the same fee.  So this fee may seem unfair as there are small amount transactions. But on the other hand if you pay it in fiat then they won't know much about bitcoin.  So you pay in Bitcoin it will help them to understand about Bitcoin practically.


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April 10, 2023, 04:25:59 AM
 #15

That’s great to be honest, i mean giving out Bitcoins and that too in such a beautiful day, is really amazing. If possible frequently visit the children and teach them how to safely invest money on various crypto assets, how to avoid losses and how to prevent scams. I was also impressed that you send the money on the basis of quiz. So how many children exactly there with you from the first, it I am not wrong then, 5 are only the winners, and there were more people also? Yes some pictures who have really pleased us in another manner. Still you did great job OP.

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April 10, 2023, 04:45:49 AM
 #16

Happy Easter everyone
Today I gave out $20 to 5 random high school students each in a WhatsApp group after of course enlightening them about Bitcoin and conducting a quiz for them I did this in hopes of trying to assist in developing the Bitcoin ecosystem although it's of small impact
I sent the Bitcoin to Thier noncustodial wallet and also enlightened them on how to manage Thier wallet
What do you think!?

It's a good thing you did for them. That could make them more curious about Bitcoin and make them interested in being able to adopt Bitcoin as their digital asset. It's also great asking questions and then rewarding them if they answer correctly, as opposed to giving out Bitcoins for free. With things like this they will be indirectly educated and maybe in the future they will become one like us who loves Bitcoin.

R


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April 10, 2023, 04:51:11 AM
 #17

There won't be many people as generous as you, you are really a good person. But they are just high school students so they don't have much experience with bitcoin yet. I hope you will teach them how to protect their wallet in the safest way, I'm afraid they won't keep their seed phrase well. By the way, I'm curious what wallet they use, do you know?

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April 10, 2023, 04:56:14 AM
 #18

Happy Easter everyone
Today I gave out $20 to 5 random high school students each in a WhatsApp group after of course enlightening them about Bitcoin and conducting a quiz for them I did this in hopes of trying to assist in developing the Bitcoin ecosystem although it's of small impact
I sent the Bitcoin to Thier noncustodial wallet and also enlightened them on how to manage Thier wallet
What do you think!?

That's very generous of you and a very great way to power up the community. I myself am not even familiar with Thier noncustodial wallet yet but that is surely a great experience for those kids to learn such things. That small movement will surely compound. That's a creative and positive step for you to share knowledge and drive to those young people. That's an education for future money. Your kindness to them will be their kindness to other people and their peers. Cheers.

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April 10, 2023, 04:56:44 AM
 #19

For sure, a lot of users here will be asking for proof, but before that, I would say that I hope there are a lot of people willing to do this just to give information to others, like giving knowledge to other people, as it is very useful for them, and for sure, one of them will be successful because of bitcoin. But again, I've just got a question: where did you find them? I mean, what group is in WhatsApp? Also, do you have proof by way of a photo of the transaction or any other kind of proof that you can show because people here want to see proofs?
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April 10, 2023, 05:05:10 AM
 #20

Awesome effort, don't think that what you did is a little thing, pretty sure that no effort is too small in terms of promoting bitcoin, you've probably changed the life of those students and you and them don't know it yet. Change is a ripple effect, only gets bigger as it goes down the line.
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