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RE: Are Cryptocurrencies Great Gifts?

in #cryptocurrency7 years ago

Yeah, gifting crypto is a great way to get people involved but it has to come with a bit of education too. I have tried giving friends and those that have followed my steps and gotten into stuff like Steemit or Bticoin a few bucks in each to help them along. It can be a great gift (if the value goes up astronomically) at the very least it is a fun novelty gift.

Better than "a donation has been made in your honor to X charity". I have received those and thought, "thanks, you made a donation in my name to a charity of YOUR choosing, not mine."

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It'll only get better as the bubble grows bigger until it enters mainstream consciousness! It's programmable money after all, so they can be made in any way to capture their different markets =)

Lol, too right about the donation one although we don't see that practice around where i'm at in asia

The donation in your name thing was big in the late 80's and early 90's. People thought they were "helping" or whatever by doing it. I am not sure how many followed through with it though as you could print those little cards up with a printer. There were even some card companies that created blank ones that let you buy them then put the name of the person and charity in on your own. Someone made some money on that scam, just like the pet rock and later, the pet USB rock.

At least with crypto, the recipient can see they were gifted something and if they don't care for it, they can easily unload it (unless you gift them some obscure crypto).

Ah now that you've mentioned it! It does ring a little something. Everything just seems so scammy before blockchains :P hahah!

Sadly, so many people call things using the block chain a scam but then blindly donate to 'charities' that barely give 2 to 5 percent to actually help people.

It is.. you may enjoy this little post here for that matter! : https://steemit.com/post-irony/@kevinwong/banking-on-honesty-transparency-responsibility

'Just ask Bob' lol. Upvoted. That was funny.