My Christening Gift to My Goddaughter, Bitcoin

[ArabBTC]

What a nice way to celebrate a goddaughter (OP) you have invariably secured her future if the bitcoin is high in value, any gift present you would have gotten for her at this current stage of her life won’t have lasted as long as Bitcoin, even the value can’t equate that of Bitcoin in the nearest future, before she will grow older their are high chances that Bitcoin would have further appreciated in value, with such a gift that you have given her she can never forget you in life, you have left an indelible mark in her, so thoughtful of you, the present is actually a sign of your value for her.

[Floxynice]

It's a nice gift, only if the parents will not sell it before she is old enough to access it herself. And I love that you sent this gift to a family who understands Bitcoin and may know how to secure the bitcoins until the child is old enough to access them. Everything now lies with the father of the child to take full responsibility for the little investment on behalf of the child. I don't know if I should be happy for the child or not, because right now, the child's future depends on her parents.

[Agbamoni]

If the dad doesn't spend the Bitcoin 😔😭😔

Maybe I am the only one who has weird parents? Whenever someone gives anything shiny and costly to me I always want my father or mother to keep it for me but they always spend them.

You are not the only one with weird parents. A gift with good value that was given to me when I was a child was used by my parents. Funny thing is, I dont have the right to ask for them.

In this case, Bitcoin as a gift may hit different depending on the type of parent. It will be better if they keep the coin for the child and also add to the wallet.

[Davidvictorson]

Last weekend, I became a Godfather for my 8-month-old goddaughter.

Instead of giving cash or toys, I decided to give her something unique: Bitcoin.

This is super thoughtful of you and I think it was well planned out.
Since her parents are knowledgeable about bitcoin they already know its importance and as such they will guide jealously.
I am wondering if they will be comfortable with you checking in once in a while to see how the bitcoin going.

[LoyceV]

First you need to create the design.  Considering most people do not have editing skills, I assume you downloaded a file from some where and started from there.  Which is already a possible danger.  Then you create a Seed and wrote it down in the design.  I have to guess you did not do all of this on an offline computer that got wiped after.  And then you communicated that file to a printer which if modern probably has an Internet connection and possibly even storage.  Which to my high level paranoia, it means the gift could be compromised!

Being paranoid when it comes to cold storage, I was thinking the same thing.

Thanks for this. I'm aware of this; I entered and printed the seeds on my secured MacOS computer during OFFLINE.
I first have the template in PDF -> no seeds or public address printed yet.
I created a Python script that I will run offline, and printer is ready to print: In this script, I will enter the 12 words, the public address, and proceed = it will direct print the paper, after that (this does not generate new PDF file as it is directed to print).
 I also make sure no more Preview open or files were generated, and the recycle bin is also empty before I turn the internet back on.

For proper cold storage, it's not enough to turn off the internet. I always assume malware will patiently wait for the internet to come back, and broadcast your secrets.
I used to recommend Knoppix for running Linux LIVE from RAM, nowadays I'd recommend Tails. But that won't run on a Mac, you'll need a PC. See this post for a starting point to work with offline cold storage.

May I suggest to at least fold the paper and add some tape or tamper proof stickers so the seed phrase is not in plain sight?

This is a truly real and valuable gift, instead of all the trash (cash and toys), which will be useful in the future for this child.

Then, when she's 3, she'll use the paper to show off her paint skills

[UchihaSarada]

For proper cold storage, it's not enough to turn off the internet. I always assume malware will patiently wait for the internet to come back, and broadcast your secrets.
I used to recommend Knoppix for running Linux LIVE from RAM, nowadays I'd recommend Tails. But that won't run on a Mac, you'll need a PC. See this post for a starting point to work with offline cold storage.

With cold storage practice, that device must be completely offline and the only way to do that is remove all physical things that can connect that device to the Internet.

If things like wireless, bluetooth cards, radio transmitters, that device has chance of connecting to the Internet some time in the future.

[Guide] Secure air-gapped crypto wallet storage method.

[lovesmayfamilis]

Last weekend, I became a Godfather for my 8-month-old goddaughter.

An interesting idea for a gift from the godfather. My children are also baptized, and their parents, their godparents, are far from knowing about bitcoin. I told them your gift idea with the hint that they could start imitating you by taking steps to get more information about bitcoin and, after that, a likely gift from godparents as a result. This caused a lot of fun and laughter and, jokingly, accusations that I was a calculating👀 mother to my children. Although they liked the idea, and I think that many people need to start resembling such modern parents who are savvy in the knowledge of new technologies, like you, OP.

[Fiatless]

Congratulations on your daughter's baptism. I think that gift is a pretty good choice. It will be a gift she'll be grateful for in the future, because in the long run, Bitcoin has the potential to increase in value, and if her father is able to hold onto it properly and pass it on to her when she better understands it, then it could become a valuable asset for her. Especially since her father is someone who's familiar with Bitcoin, hopefully he'll be able to hold onto it for a while, or better yet, invest more in it, so that by the time she's an adult, she'll have even more Bitcoin in her wallet.

It is not his daughter's baptism. Rather, he gifted the Bitcoin to his Goddaughter; that is, he is a Godfather. You are right that the father of the child needs to keep the coin for a long time for the gift to become more valuable.

I might not consider such a gift because most people in my area think that people who own Bitcoin are rich. Giving the gift secretly to the family might be a good option.

[Natalim]

Great idea, well done to the OP.

The advantage here is that the childs Dad knows about Bitcoin and xan relate to the significance
of the present. This approach probably wouldnt work with every scenario.

The only down side I can see is the storage of the seed phrase and how it can last and remain
intact for the next 16 to 18+ years until the child decides to access the wallet.

Never the less it will be a super cool story for her to tell in many years to come.

OP wouldn't have gifted his goddaughter with bitcoin if no one knows bitcoin anyone around, so maybe that's one of the advantages, her father knows how to navigate bitcoin and would secure it for the years to come. The only problem I can see is that if her father can actually sustain keeping it until she turns 18, or might probably sell it prior to that due to inevitable emergency cases especially if the kid is involved.

Well, even if that bitcoin will be spend earlier, that won't matter really as long as it will secure the safety of her daughter. He can replace it anytime if there is an extra money to buy bitcoin, but maybe by that time bitcoin will be very expensive then.

[iGotSpots]

Probably the best gift I've ever seen a godparent give

[Questat]

This is not something we haven't seen before on this forum, many people have given Bitcoin as gifts on various occasions (birthdays, weddings...) and the idea in itself is not bad if the recipient knows what he actually got.

I personally wouldn't do that for at least two reasons :

The first is that I don't want anyone to know that I own or even know anything about Bitcoin, and the second is that I think a lot of people would react badly because people today, more than ever, have become very materialistic and want gifts that they can touch and see.

Well, privacy actually matters more than anything else. But the case here is different, the father of the child is a bitcoiner itself, so maybe that encourages OP to do it that way. Even if the recipient may not appreciate it for now, but surely the parents must be very happy knowing what they received is a valuable amount of bitcoin.

However, we all have different views here about gifting bitcoin. Some would prefer the other way around, but for those who are actually exposed to bitcoin, they would want it even if they don't ask for it. But yours is valid actually.

[Mate2237]

Nice gift from you as a Godfather. I must say that am really impressed about this your decision because Bitcoin is one treasure that, is worth giving to a person as a birthday gift. Maybe this your little goddaughter may not fully understand the importance of what you have gifted her, if she is not Bitcoin oriented. If she is not Bitcoin oriented I believe that it's your duty and that of the parents since the father is Bitcoin oriented too to make her understand and know how bitcoin is all about.



Just imagine she leaves this bitcoin and tries to spend it only when she turns twenty years of age. I believe that no matter how small the amount of Bitcoin is that were gifted her will have grown to something significant when she , eventually turns twenty years. This is the best gift you can support her with especially for a growing up child.