Replies (54)
Commandable. I haven't read the big print. But I've given similar advice but put out Lynn Alden's Broken Money.
She’s 80 Ben just show her how to buy the corn
Zapsnag dawg cumaaaawwwwwn
I’m going to buy another copy and keep it in my car for opportunities like this
People having a good experience with Bitcoin upon my recommendation is something I take super seriously.
You put your reputation on the line when you give financial advice.
Told her to go check out river and that I would help, but need her to put in some work for us to get anywhere anyway
Send her $5 via River to her email which will let her open her new account with something already in it
also show her how to leave it to her kids - ensure the sats are not lost upon death.
My dad called me up 2 days ago to ask if now was a good time to buy bitcoin, he had his bank account closed for some bogus reason, and the new bank offers bitcoin saving plans. I told him everyday is a good day to buy bitcoin, and right now it’s on sale.
I think The Bitcoin Standard would be a good book to read. Once people have made a bitcoin transaction, there is no going back.
Yes but more for libertarian minded people
Let's go. Great timing
That's step 12 or something
she might be dead by that step 😀
Glad that she’s come to the Jedi Master
Get her a lightning address so we can bomb her with Zaps
nostr:nprofile1qqsrtv3u6qkj6a09tnhr3l0wy67g9uw3t57ftqyqpvztpk3wmd6306sprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxga533dk is where I send family/friends 💯
That's my goal with wearing Bitcoin on my sleeve. Just want to be the one they come to when they get curious
Well when we talk self custody it will def be a consideration. Bitkey seems like the move there
At this point she sounds setup, but from prior life experience I might offer her a tea or coffee.
The big print is better than the Bitcoin Standard for most normies. but Broken Money is my go-to recommendation nowadays! 🚂
Nice 👍🏻
But 95% chance she won’t read the book 🤔🫣
I’m working on my subtle mentions in every day conversations. The curious will come.
Cash app is probably the easiest for a situation like that.
Sounds like you just got written into the will.
Personally, I'd just have them buy gold since they are 80. I love the sweet corn, but at that age, it's a lot to handle. Gold will treat them well and give them a piece of the action.
They asked me specifically how to do it so I feel like if I don't help them someone who will steer them into crypto will.
Plus I gave her a book by someone who is a gold bug too
That's a pretty good call
If you DM an address, I’ll mail her my book.
River vets everyone who applies using some intrusive KYC database "security" service, and they will deny you an account if you have ever engaged in political wrongthink or gotten on the wrong side of the regime in Washington.
Perfect advice! ₿
Broken Money is my current go to. Layered Money is decent too and a lot shorter depending on your audience. 80yr old is a special use case - you did well
Why put her in the KYC trap? Just sell her some P2P. If she wants more, sell her more or help her buy P2P from others.
River is good advice because it seems like they are good at hand holding.
Haven’t had time to read my copy of it yet, but Natalie Brunell’s new book “Bitcoin is for everyone” might be a good intro.
I don't think I'm going to get to a point of teaching her about coin control any time soon.
It's tough to get people to read anything.
I send my family/friends to Strike because the app is easy to use, DCA has no fees, and auto-withdrawal to cold storage also has no fees (when they’re ready to learn about cold storage). Haven’t tried River so can’t compare them, but heard good things about River. For less technical people, who are scared of real Bitcoin, I explain how they can buy FBTC in their Fidelity account if they want exposure to Bitcoin without needing to learn anything new.
I use strike and reccomend river.
Strike has new features that are making it much more competitive for a recommendation
Don’t forget to explain the volatility and importance to DCA slowly over time. It’s possible that now is a good time to put a chunk of money into BTC and get those sats at a discount but nobody really knows - it could dip even further and at 80yo, the wait for a rebound might be painful.
I think I’ve had most success getting people to download a really simple lightning wallet like “Muun” (happy to hear about any recommendations for simpler newbie lightning wallets because Muun has it’s limitations) then send some sats into the wallet over lightning so they see how fast and easy a Bitcoin transaction is for even small amounts of money. They also like getting money for free - so that helps.
She wants to be able to buy it so a wallet comes after
You just gave her the two hardest assets left, sound money and sound knowledge.
You nailed it. nostr:nprofile1qqsrtv3u6qkj6a09tnhr3l0wy67g9uw3t57ftqyqpvztpk3wmd6306spp3mhxue69uhkyunz9e5k7qg4waehxw309ajkgetw9ehx7um5wghxcctwvsueqn9x is the best.
No need for coin control if she understands the concept of KYC and NoKYC. Usually older folks get it even faster as most of them have dealt with opressive regimes.
thats a great approach...bravo!
My approach has become “once you’ve read the bitcoin standard I’ll give you all of my time you need”
We appreciate it Filou! 🤝
Thank you for sending her our way Ben 🤝
Y'all do great work 🫡
Saavy family friend!
Thank you
Absolutely. Happy River customer.
Halfway through ‘The Big Print’. Thank you for all the work you did writing it!
Im hearing they are holding funds from a friend.
