Give Bitcoin away for Christmas
Google Trends also clearly shows that interest in Bitcoin is growing faster, even supplanting search queries such as “royal wedding” or “election results”. In 2009, Austria showed the greatest interest in Bitcoin, followed by Kazakhstan (2010), Estonia (2011), Finland (2012), Ghana (2015), Nigeria (2016) and South Africa (2017).
Among the investors of the project are well-known personalities such as Dr. Saifedean Ammous, author of “The Bitcoin Standard”, Coinshares CSO Meltem Demirors and Fundstrat founder Tom Lee. Yan Pritzker, also investor of this project and author of “Inventing Bitcoin” describes that GiveBitcoin can create a new awareness of the value of Bitcoin in the ordinary population and promote adaptation:GiveBitcoin will create conscientious Bitcoiners who understand the value of the gift they receive. That, in turn, will help the Bitcoin ecosystem grow and flourish.
GiveBitcoin works with Prime Trust, a regulated, technology-driven trust that provides financial infrastructure solutions to ensure that all gifts are secure and 100% owned and controlled by the recipient. Prime Trust also works with well-known cryptocurrency exchanges such as Binance, Bittrex and Huobi.
The donor must determine how long Bitcoin is to be kept in a wallet at Prime Trust. The minimum duration is one year and the maximum 5 years. Various scenarios are conceivable. The recipient can get access to his wallet directly on his birthday or after a certain period of time.
The idea behind the time lock of e.g. one year is that the recipient is informed about Bitcoin by a 12-part guide during this time. Information material is sent out once a month, either by e-mail or by post, which is intended to serve as information both for the recipient and for the recipient’s family or relatives.
Author : Collin Brown