[ROUND 2] Wife is pregnant ***AGAIN***, how to bring bitcoin into the process?

[gadman2]

Updated 8-8-17:

Round 2. Found out my wife was pregnant again 4 weeks ago. Now I ask myself the same question. How do I bring bitcoin into the process?

Our first girl, Elise, will receive (on her 18th birthday) a Kialara #9 Gold that was loaded literally 3 minutes after I cut her cord. I bought the Bitcoin for 250$ just before she was born. Wow, how the prices has already risen since that day. I've turned down offers of 4000$ for just the bar so I don't even have a reliable value for the bar sans bitcoin. So that idea is turning out to be a massive success.

Here are some pictures of her currently(ish)!

First fishing trip:


My two Bowtech girls:


Easter:


Now, unfortunately, I don't have a spare 3500$ laying around to purchase another bitcoin for our next (and final) child. I am really, really, really wanting to do something for him/her, but I don't know exactly what... Maybe some sort of crowd fund from this community? Maybe I should put back some money every week to add it up to 1 bitcoin to even it out between our two kids. I can't get another gold kialara bar, but I'm sure there are others physical coins out there. I'd hate to give our first child something of great value, and our 2nd child something of anything less value. Hence a small dilemma. This is the point of the thread, your ideas! Please share.

-----ORIGINAL THREAD BELOW-----

Learned that my wife is pregnant yesterday. This will be our first child. So how do I incorporate bitcoin into the process? I have bitcoins to spend.

Anyone got any clever ideas? This has potential.

Edit:

Baby is born, healthy Elise!

http://imgur.com/bR0H5jD
http://imgur.com/o4aOJ7p
http://imgur.com/Qkwu1JY
http://imgur.com/v5GVIsz
http://imgur.com/EeRFVuz
http://imgur.com/P3mg72N
http://imgur.com/rCemHn0
http://imgur.com/j6uFZEM
http://imgur.com/3Y6SpOk
http://imgur.com/aHEbhVR
http://imgur.com/LOIJhnS

Born 10:56 PM cst April 9th, 2015.

Thank you to everyone who donated a little. 100% of all funds will be used for Elise.

If you would still like to donate to "The Bitcoin Baby", you can here:  1GVDPmspEbJYYRh5LrMxBz1dDxPrMHNnBM

Again, I will be revealing my secret bitcoin idea soon when everything is ready.

Thanks again, everyone.

[1714018289]

1714018289

[1714018289]

1714018289

[1714018289]

1714018289

[1714018289]

1714018289

[1714018289]

1714018289

[Remember remember the 5th of November]

I think you shouldn't do anything at this point.

[Meuh6879]

Print every year a paper wallet (plastic sheeted) to insert in the medical note of the child.
At 18 years, you have a multimillionnaire son ...  when you transmit the BIP38 password. 

[TheNewAnon135246]

Learned that my wife is pregnant yesterday. This will be our first child. So how do I incorporate bitcoin into the process? I have bitcoins to spend.

Anyone got any clever ideas? This has potential.

I bought my son a Casascius coin. I keep it in a safe and I will give it to him when he turns 18. I also made him a wallet. I put something on it every now and then.

[freedomno1]

Learned that my wife is pregnant yesterday. This will be our first child. So how do I incorporate bitcoin into the process? I have bitcoins to spend.

Anyone got any clever ideas? This has potential.

How about ordering some flowers from 1800-Flowers
Sorry I lack creative ideas on this but it could be one part of something larger
That and maybe some candy ^_^

http://online.wsj.com/article/PR-CO-20140701-906106.html

That said congratulations on your first child

[Dabs]

Escrow it? Depending on how much and how long. Otherwise you can create your own cold / offline wallets.

You didn't say what kind of process. You could spend the bitcoins on the hospital bill if you have to pay for it.

[HarmonLi]

Learned that my wife is pregnant yesterday. This will be our first child. So how do I incorporate bitcoin into the process? I have bitcoins to spend.

Anyone got any clever ideas? This has potential.

You should put the well being of the child first - definitely! If you really want to do something symbolic, you could use a small amount of your BTC (one you don't need) as a savings account in a paper wallet for your child's 18th birthday or whatever. It'll be worth $0 or $50000, or any other number by then, no one knows
But really, make sure you have enough 'safe' FIAT money to take good care for the child!!!
Congratulations to you!!!!!! Awesome news!!!

[Daniel91]

Congratulation for the great news!!!
If I will be you, I will use part of Bitcoin to cover first expenses you will have soon.
For the rest, I will open separate account- wallet and keep this Bitcoin for child.
In 18 years this can be huge value and maybe pay for his tuition at college, new house, car

[gadman2]

I'm thinking about storing 1 BTC into a cold wallet on the day of his/her birthday and then giving it to them on their 18th birthday.

I still think there are much more clever ideas to be had.

[gadman2]

Escrow it? Depending on how much and how long. Otherwise you can create your own cold / offline wallets.

You didn't say what kind of process. You could spend the bitcoins on the hospital bill if you have to pay for it.

This would be great, but I feel as if it isn't feasible.

[Kipsy89]

Congratulations, man! This is the gift of life right there! You just made my day a lot brighter with this story! Make sure you have enough money to provide for your little one. Don't speculate with BTC and risk losing your money. If you want, just deposit that 1 BTC in a cold wallet! That seems like a good idea!!!

[Mowcore]

save it for ya kids 18th birthday, put it in a lockbox or something... screw the car, 1 btc in a cold wallet.

[gadman2]

I do not have money issues. Thanks for the concern though.

I even entertained the idea of naming the child with bitcoin in mind. I haven't figured out a good one yet.

[Mowcore]

I'm not trying to tell you not to tell you to name your child with a bitcoin related name...but...it's not like people in the 90's named their kids Micheal Internet baggins...or Steven Netscape Cunnings or anything. Give your kid a normal name , or a cool sounding name with a awesome middle name or two. Just give him/her some coins in their teens and they will be grateful like woh da f.


edit: grats btw, well done!

[Ron~Popeil]

Congratulations. Maybe add a bit coin to the proposed cold wallet on each birthday as well. Enjoy the 18 years. They go by faster than you can imagine.

[1986]

I don't get what you mean by involve, but you could give you child some bitcoin as an investment.

[blatchcorn]

Create a colored coin or an alt coin that is backed by your child

[edd]

On the day the child is born, you can record the event in the blockchain (or sidechain).

[gadman2]

On the day the child is born, you can record the event in the blockchain (or sidechain).

Interesting idea, I've read into storing things in the chain, how do you do so? Is there a tutorial or an explanation somewhere?

[haploid23]

Learned that my wife is pregnant yesterday. This will be our first child. So how do I incorporate bitcoin into the process? I have bitcoins to spend.

Anyone got any clever ideas? This has potential.

Name your son/daughter Bitcoin 

On a more serious note, load 0.2015 btc on a physical silver coin, representing your child's year of birth. Give it to him/her when you think your son/daughter will understand the value of it.