{"id":8552,"date":"2022-06-18T15:00:00","date_gmt":"2022-06-18T15:00:00","guid":{"rendered":"http:\/\/ci02a3f4a080002556"},"modified":"2025-10-01T13:00:24","modified_gmt":"2025-10-01T18:00:24","slug":"the-fathers-day-gift-guide-for-bitcoiners","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/the-fathers-day-gift-guide-for-bitcoiners","title":{"rendered":"The Father\u2019s Day Gift Guide For Bitcoiners"},"content":{"rendered":"
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Aside from relaxing on the couch with a cold beer, surrounded by family, dads don\u2019t really need much. We already have our families. I say this as a father of three, with my wife of eight years recently giving birth to our third child. <\/p>\n

If you think about it, most things will end up in the trash eventually. I like to refer to many of the toys we get our kids as presents as \u201cfuture trash.\u201d It\u2019s an unfortunate by-product of the fiat society we live in. What\u2019s a surefire way to keep earnings growing year over year? By making products that don\u2019t last.<\/p>\n

I\u2019m not saying that this is even intentional; it\u2019s just the current state of things. Cut costs at all cost. After years of iteration in this system, we\u2019ve fundamentally changed from a production to a consumption society where products simply don\u2019t last. <\/p>\n

So instead of spending $100 or so on a thoughtful gift that is inevitably bound for the trash, why not think on a longer time frame? A low time preference gift, if you will. Go ahead and have the kids draw some pictures and paint some rocks, things I proudly display in my office, and save a few bucks for something that will last for a while. <\/p>\n

Below are some Bitcoin-related gifts for different types of dads.<\/p>\n

For The Low Time Preference Or Bitcoin-Curious Dad<\/h3>\n

The first thought that came to mind was basically just buying some bitcoin. A rough 33-times multiplier would take bitcoin to a million bucks, meaning a $100 bitcoin buy would become about $3,300. Assuming we\u2019ve avoided a hyperinflationary catastrophe, that\u2019s probably still a pretty solid vacation for you and the family.<\/p>\n

Better yet, why not start an automatic bitcoin purchase with a solid bitcoin company like Swan<\/a> or River<\/a>. As little as $25 a week or month will do wonders for your purchasing power over time. As Michael Saylor likes to say, get yourself a slice of that prime digital real estate when it\u2019s still affordable for normal people. At 21 million bitcoin to go around, there\u2019s not even enough for all the millionaires in the world to own a whole coin. Start stacking for your favorite dad today.<\/p>\n

If your dad hasn\u2019t actually interacted with bitcoin yet, I would recommend a small gift of bitcoin from the local Bitcoin ATM. In order to claim the bitcoin gift, he\u2019ll be forced to set up a wallet and potentially complete a transaction to cash out, letting him see how the network actually runs. <\/p>\n

Even if your dad ends up selling, he\u2019ll get some familiarity with the network, have experience with a wallet, and have to create an account at an exchange like River<\/a> that he can go back to when he realizes that he made a terrible mistake.<\/p>\n

But for the dad who wants to treasure his new gift of bitcoin, I recommend starting with a wallet. For wallets, I really enjoy BlueWallet<\/a>. You can even help him set up a multisig solution<\/a> using only a combination of cell phones.<\/p>\n

I also recently encountered a cool idea to help the less technically inclined to save in bitcoin and manage their private keys. The idea came from one of my Bitcoin buddies, who published an article<\/a> about gifting his parents bitcoin using a Ballet physical wallet. The basic idea being the bitcoin wallet existing as a single solution physical card. This method requires a relatively high degree of trust in the manufacturer, so I wouldn\u2019t necessarily recommend storing your life savings with it, but it could serve as a nice way to get someone into Bitcoin. <\/p>\n

For The Sovereign Individual Dad<\/h3>\n

If your dad is already a Bitcoiner, it might help to get them a hardware wallet and some key backup hardware to help secure their sovereign stack. Even if they already have one, there are always new developments in technology leading to greater usability and security. The Coldcard is a classic choice with tons of functionality. Coinkite<\/a> actually just came out with an updated version, the Mk4<\/a>, which can give your favorite dad a chance to experiment with different security protocols to throw off would-be attackers. <\/p>\n

Conveniently, Coldcard is one of the hardware devices which is supported by managed multisig providers like Casa<\/a> and Unchained Capital<\/a>. Security doesn\u2019t have to be intimidating anymore. Unchained will even help your dad set up a self-directed IRA to convert his retirement account into unconfiscatable, tax-advantaged capital to help him in his transition to a better tomorrow. Unchained also supports bitcoin-collateralized lending so he doesn\u2019t even have to sell!<\/p>\n

Both institutions also support more user-friendly devices like Trezor<\/a> and Ledger<\/a>. I personally like the ease of QR-enabled devices like the Passport<\/a> and Keystone Pro<\/a>. Don\u2019t let dad forget to back up his private keys in steel. I prefer Black Seed Ink<\/a>. Just make sure he remembers where he accidentally loses them on the next boating excursion. <\/p>\n

Another cool idea would be to get your dad his own Bitcoin full node to verify his own transactions and enforce the blockchain rules. There are out of the box solutions like The Sovereign Machine<\/a>, nodl<\/a> and the Ronin Dojo<\/a>. They all have their own benefits and trade-offs, but luckily Bitcoin Magazine<\/em> has already published<\/a> a ton of research<\/a>, so I don\u2019t have to spell it out here. Just know there are also many DIY<\/a> solutions that cost a lot less.<\/p>\n

For The Bitcoin-Skeptical Dad<\/h3>\n

Socks. They don\u2019t deserve bitcoin. <\/p>\n

Just kidding. <\/p>\n

If dad is on the more intellectual side, I would recommend a well thought-out and beautifully written book like \u201cBitcoin Is Venice<\/a>.\u201d It\u2019s a pretty dense read but incredibly thought-provoking and logical. If he\u2019s on the fence, this may help your dad hop onto the lifeboat. <\/p>\n

If dad is the financial type, I could recommend some of my personal favorites: \u201cLayered Money<\/a>,\u201d \u201cThe Bitcoin Standard<\/a>\u201d and \u201cThe Bullish Case For Bitcoin<\/a>.\u201d Legend has it that \u201cThe Bullish Case For Bitcoin\u201d was the piece that orange-pilled<\/a> the legendary chad himself: Michael Saylor.<\/p>\n

Another route would be a subscription to the Bitcoin Magazine<\/em> print edition<\/a>. Surprisingly, financially literate people largely view bitcoin as a scam or pyramid scheme. The stories in the magazine can help your dad view bitcoin as a fundamentally world-changing technological development. It\u2019s so much more than \u201cprice go up\u201d technology. It is fundamental to the preservation of your freedom. <\/p>\n

Bitcoin Is The Gift That Keeps On Giving<\/h3>\n

Bitcoin is a hedge against inflation; it\u2019s a hedge against tyranny. It\u2019s an open and permissionless monetary network, all wrapped into one. As gas and food prices continue to hit all-time highs, it might just be the best time ever to try and get your dad to jump onto the life raft. <\/p>\n

This is a guest post by Mickey Koss. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Dad\u2019s don\u2019t necessarily need special or fancy gifts, but Bitcoiners want to make sure our dads have the Bitcoin tools and gadgets they need.<\/p>\n","protected":false},"author":2725,"featured_media":3178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[2191,1540,59],"class_list":{"0":"post-8552","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-gifts","9":"tag-holiday","10":"tag-opinion"},"author_data":{"id":2725,"name":"Mickey Koss","nicename":"mickey-koss","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/2022-11-15-113031-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/giving-bitcoin.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/8552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2725"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=8552"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/8552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/3178"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=8552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=8552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=8552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}