Topic: Bitcoin as a gift for a baby? - page 5. (Read 2905 times)

In the coming age when she will be in the position when she will have good knowledge about bitcoin and will know that how to use bitcoin, she will be much more happy that you gifted her some bitcoins, and that will be her luck that the price will be much higher at her adulthood age when she will be able to use them.

What vanity gen are you using? and yes i have done it for my kids tho i didnt bother with a vanity address i just got an address off of bitaddress.

Thank you

I haven't done it in the past neither I plan to do it in the near future, but is a good idea though. To generate a brand new vanity address or use the free/cheap services here or generate yourself from a clean pc. If you give them an address with the private key you can always hold the private key and sell if price crashes but anyway this is a present. I would give as present a physical bitcoin and the vanity address.

Serious question.  My baby niece will be 1 year old in a few weeks and she's going to get lots of lovely and expensive presents from all the family, but I'm her geeky aunt and I want to encourage her geeky side.  I'm considering making her a vanity address , printing it on a paper wallet and funding it with some bitcoin, in the hope that by the time she's old enough to appreciate it, the value might have appreciated also.  But I have some concerns...

Is a vanity address sufficiently secure if I generate it and the paper wallet offline and assume my computer has no malware?  (I have enough antivirus/anti-malware software in action and really, if I do have that level of malware, I'm screwed anyway)

And the impossible question... is bitcoin a reasonable risk for such a long term investment?  If she's 1 now, it could be 15 years before she accesses the funds in that wallet.  I won't be able to sell out if I see a crash coming like I can with my own.  I know nobody can really judge what Bitcoin is going to do over that period and I don't want this to turn into yet another one of those speculation threads where people post crap.  So I guess my real question here is has anybody else done this or put bitcoin in cold storage for a similarly long period?

And are there any other considerations I haven't thought of?