Post
Topic
Board Development & Technical Discussion
Re: Gifting Bitcoin to a friend
by
Pmalek
on 16/10/2021, 08:45:37 UTC
I do not think that gifting any kind of Bitcoin-related gifts such as hardware wallets, or Bitcoin gifts will be useful because he is not interested in technology and will forget those wallet seed or not remember the location of the device.
He is interested in technology, but not into Bitcoin yet.

It is better to buy something that has a value to him like gold or silver coins then and then print the private key of 2of3 multi-signature address, so you can reduce the risk when he wants to sell those currencies, he asks you and other trusted third part person before sending that money.
I have considered a multi-sig setup as well. But I don't want to have any control over what he does with the coins. It's his decision to keep them, exchange them for fiat, or gamble them away. It also doesn't seem like a gift if he needs my signature to spend it. I am hoping he will see some value in it, but it's his call.