Topic: Giving out to promote Bitcoin - page 3. (Read 722 times)

I think it was a wonderful way to introduce them to the bitcoin ecosystem.

Them having it in their wallets will speed up their learning process, and I think will definitely increase their interest and help them with the learning curve when it comes to actually accumulating, buying and selling bitcoin.

The type of initiative that the OP stated is really good for letting people join the Bitcoin community. He created a quiz for them and gave them some basic knowledge about cryptocurrency. This is what we need to see more of in every country. It will make the community much larger, and of course, Bitcoin's price will be affected, which will give it good potential in the future.

A few years ago, I did something similar when I introduced Bitcoin to my real-life friends and got them involved in this community. It's great to see them participating in the forum and interacting with many members here. We also have meetups to discuss news and other things related to crypto.

That is one of the promotions you can do to introduce bitcoin to young people still in high school.
Hopefully, they can manage it and store the bitcoins properly and start saving them in that wallet.
You can teach others about bitcoin so that they can know more and learn to invest in it correctly and not fall into the wrong investment program.
With more and more young people starting to learn about bitcoin, it will make it more popular among them, and they can prepare for their future by investing in it.

You took a brave step to have given them a few bucks, and I love your strategy of awareness, and the interesting part was the practical aspect that you have to send it to their individual wallets so they can learn faster and their interest in Bitcoin will increase, at least you thought them from the basics and I hope you thought them how to keep their private key safe and not share and also the risk of investing in bitcoin,  with this I am totally impressed with the step.

Seasons greetings to you mate, and I'm happy you actually deed help 5 random high school students with $20 each, because such gift will actually go a long way if those students convert the BTC into fiat or wishes to hodl for long term as we hope to approach another new halving.
But meanwhile, I will love to ask that how are we to believe what you just said, as you never gave any proof or transaction ID confirming that the $20 worth of BTC was sent into those students wallets.  

And what challenges did you encounter and name of the noncustodial wallet used?

Please, do not downplay course enlightening for the kids you have done and the ripple effect in the bitcoin ecosystem. I tell you, these young's people awareness and understanding of bitcoin has increased and will lead to a greater adoption because they will tell their friends who will tell their own friends and you see it is like a pyramid leading to greater growth in the in bitcoin. Through the little $20 gift, I hope they are able to take full responsibility for the security of their own assets.

Giving out bitcoin for promote, even mega promoters do rarely. It's glade to see that persons like you contribute and adopt at least one other member to BTC and crypto space. we admire your attempt, continue the guidance for them to manage their funds also introduce the bitcointalk forum to them.so they can get more educate about community behavior and opportunities in the market.

It is absolutely okay to give out Bitcoin when your main goal is to spread awareness about new technology in the most efficient way. When people obtain Bitcoin in this way, they start getting interested instantly in learning about it, its downsides and upsides, and what problems it solves for them, and they start digging into questions about wallets and security because they need to protect what suddenly came to them. It is akin to aggressive marketing, where you allow customers to try out the product to convince them it is actually good, but in the case of Bitcoin, it has no negative shade because this "product" belongs to no one specifically and is fully decentralized. Another way to promote Bitcoin in your local area is to offer it in exchange for goods and services. Many people have heard about Bitcoin but were afraid of buying it because it involves some inconveniences, such as registration on an exchange, undergoing KYC procedures, and other verifications. But when you offer it directly, they may happily accept it because they already know that Bitcoin is a better form of money. If they have never heard of Bitcoin, it is also not a problem because you as a bitcoiner can educate these people by telling them about the economic model of Bitcoin, how its supply is formed, how disinflationary it is, and how it grows in value over time as it is gradually transforming from collectible to an established store of value.

Faucet was the main thing that promoted bitcoin back in the day. There were tons of bitcoin faucets and they were giving out free bitcoin to people, still there are a few, but doesn't give out much to be fair. That way we would have people who would get bitcoin for free, at the very early start it was as high as 5! bitcoins, and yeah that sounds like insane idea right now but at the time bitcoin was worth just a few cents at best, and that is why 5 bitcoin was nothing, this is the time when people bought pizza with 10k bitcoins basically.

Dropped in bitcoin value but still giving out few cents even today, and that is a similar idea to this, just giving out to make sure bitcoin spreads all around the world.

I get the point of what you are trying to say. But what I explained is all collected from my own experience. Hard earned money is way precious than what you get for free. And the fact is, learning anything by reading isn't the way, experiencing it will be the best option. I am not discouraging anyone here. What OP did for those people, it will eventually encourage some curious mind among them. But some of them will go to a different path. 
I have my own way of doing things. Just saying what felt like best approach to me. A personal choice.
Nothing more than that. Cheers. 

You have done well if you actually purchase Bitcoin to send to your friends so that they too cam hold and be happy to be a Bitcoin investor. The problem many persons are having is about holding Bitcoin or how to purchase it which calls for knowing how to buy Bitcoin on exchanges or from a seller that would not end up scamming people.

That's good work, I think it will create a bit of curiosity on them about Bitcoin. You can share their bitcointalk forum resources with them if you want, and I would like to suggest you to continue such activities to increase their interest or thus promote bitcoin. You can also tell them about the history of Bitcoin in detail and suggest them to hold because your four dollar amount of Bitcoin will multiply in the future.
Including transaction fees and  Other fees are included put these expenses in the expenses in the cost of op. But I think we should welcome this step of the op. We respect his initiative regardless of the prize amount, and I don't think he needs to give this prize in fiat currency because there are many exchanges already that withdraw small amounts. Although the amount of the prize may be small, it can create curiosity about Bitcoin among his students and that can bring that student will search for details about it and later spread the matter through him it is also natural.So apparently he should call this initiative unfair.

i believe, he also gave explanation on btc. he may not elaborated how he got these students, but if he gave a lil bit of lecture to these people, they will also do their own research now that they have a lil bit of satoshis. it will encourage them to learn on their own. also, if i may suggest to the OP, now that he found also this forum, if he can give this forum site to these students so they can study on their own also. there's a ton of knowledge found in this forum, so it is worthwhile giving the link to these people.
remember, if you have a lil bit of something that you consider an asset, you will also do your homework on learning more about it. so that's a good initiative from the OP. some of these students may eventually be a crypto user.

Very good idea OP, I think you are doing a good teaching strategy because in my opinion what you are doing is not only teaching and introducing the students in theory about Bitcoin but you invite them to immediately practice even you also stimulate them to be more enthusiastic by giving a number of your Bitcoins.
I think something that will have a big impact sometimes comes from small things. It seems small, but I'm sure it will have a big impact if they manage to understand it well and teach some of their friends.
What's more, they are the next generation of all of us and of course it will more or less influence the development of Bitcoin in the future.
I hope that what you do will be sustainable and that you can always accompany and teach them. Because the steps you take are very effective in my opinion.

OP your standing is great and personally I appreciate the efforts, Young generation needs to know how tricky and distorted this economic system is so that they can raise their voice for freedom and better alternatives because the next generation should be the victim of this rough economic system, and that is our responsibility. Education is the only way, which was followed by our ancestors to brighten the future generation, and it's our way too.

Intention for the action matters a lot as the amount is low but the intention behind the small amount is revolutionary may in the future the inspired students follow the Bitcoin way to achieve their goals. Small Motivations creates a successful personality you motivated them about bitcoin may be sooner or later some them prasie you for guiding them.

Nice job sir, by giving them a bounty as a lure to pique their interest in bitcoin, it is the most effective move anywhere we are in terms of marketing. But you need to guide them further and also supervise them as a form of their follow up in understanding bitcoin and how it works in getting its utility or profit from bitcoin itself.
I want to ask do you advise them to invest and profit from bitcoin or do you teach them how to treat itcoin like a currency or transaction tool with your students?
I would like to know how you explain bitcoin to your students as my additional reference in introducing bitcoin to my environment.

You should have let the knowledge sink in a bit first. And anything that is hard-earned, is more precious than free ones. I am sure that some of them will get so panicked when the price will drop.
It is better to let them get the concept by themselves. That way, if they get interested in Bitcoin, they will come to you to acquire some. And this would've been the best time to give them some free BTC. I have seen this many times with some people whom I have introduced to Bitcoin and cryptocurrency. Those who have less interest in them will sell it in no time and use the money for useless shit.
You can make a strong HODLer/Bitcoiner if only they have the right mind to understand the full concept.
What you did was a good thing, not gonna lie. But I think this would have been better if you would do it this way. I respect your choice but it's very hard to know who will do what with their HODLing. In the end, it's their money and their decision. I am just saying what could have been a better approach.

I'm uncertain whether you're being truthful, but if you are, you've done an excellent job. The sum of money involved isn't really the point; what matters is the effort you've put into embracing Bitcoin. By doing so, you've piqued the interest of newcomers who may be inspired to conduct further research. As these individuals are rewarded, they may in turn invite others and help spread the word about Bitcoin, thereby promoting its adoption. So keep up the good work and continue promoting the use of Bitcoin; you don't always have to give something away to do so.

That's a generous action you made. I hope it's not just a made up story since the thought of giving out something and also feeding them with knowledge would absolutely help those high school students in understanding and knowing cryptocurrency deeper. Spreading the knowledge and teaching them is generous enough but giving them a portion of bitcoin is just very rewarding for them and I believe will inspire them to collect more of it become a single unit of bitcoin.

Of course members here will expect for proofs especially you mentioned that you have sent on their non-custodial wallets. I believe that you can earn merit for posting those TX here  thus helping your account level up.

That's nice by giving out $100 to random students. It won't matter whether it will give them huge or small impact knowing more about bitcoin. But that's a good heads up to them that they now own bitcoin and it's up to them how they'll take care of it.

Maybe the majority of them will spend all of it as soon as possible while a very few of them will think of saving more.

Nonetheless, there's the impact already and introduction to them of what bitcoin is and in short, it's money for them and for all of us.