ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix

March 20, 2023

Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens

March 20, 2023

Synthetix nets $20M from Web3 quant trading firm

March 20, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix

    March 20, 2023

    Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens

    March 20, 2023

    Synthetix nets $20M from Web3 quant trading firm

    March 20, 2023

    MixMarvel Is to Co-Host a Web3 Reception in Hong Kong

    March 20, 2023

    Arthur Hayes Forecasts ‘Most Hated’ Bitcoin Rally Ever As Infinite Money Printing Ensues

    March 20, 2023

    Will the Fed stop rate hikes? 5 things to know in Bitcoin this week

    March 20, 2023

    Taiwan watchdog FSC to assume authority on crypto regulation

    March 20, 2023

    Fed, central banks enhance ‘swap lines’ to combat banking crisis

    March 20, 2023

    Synthetix nets $20M from Web3 quant trading firm

    March 20, 2023

    These 5 cryptocurrencies may continue to surprise to the upside

    March 19, 2023

    Grayscale extends review of ETHPoW decision

    March 17, 2023

    Euler Finance hacked despite 10 audits in 2 years, says CEO

    March 17, 2023

    Top Ethereum Rival Could Be Gearing Up for Glorious Move, Says Investor Who Called 2022 Crypto Bottom

    March 20, 2023

    Ethereum (ETH) Creator Vitalik Buterin Outlines Favorite Crypto Security Strategy

    March 19, 2023

    Whales Quietly Boosting Ethereum Altcoin That Exploded 114% This Week: On-Chain Data

    March 19, 2023

    Silicon Valley Bank Implosion Whipped Up Frenzy of DeFi Transactions As Crypto Assets Rebounded: DappRadar

    March 18, 2023

    Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix

    March 20, 2023

    Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens

    March 20, 2023

    Synthetix nets $20M from Web3 quant trading firm

    March 20, 2023

    MixMarvel Is to Co-Host a Web3 Reception in Hong Kong

    March 20, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    Crypto is Exploding! Confronting Gareth Soloway on His Latest Bitcoin Prediction [Time Sensitive!]

    March 19, 2023

    The Man Behind The Crypto Crackdown!! What's Coming?!

    March 19, 2023

    😱 Crypto BANNED in the US?! The SHOCKING Truth About Stable Coins! 🔥 | #StableCoins #shorts

    March 19, 2023

    Master Your Wealth With The Right Mindset

    March 19, 2023

    Bitcoin Price $1 MILLION by June 17th! Microsoft Buys Ethereum!

    March 18, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.003.36% 24H
    BITCOIN
    24H : 3.36%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.25% 24H
    ETHEREUM
    24H : -0.25%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.000.100% 24H
    TETHER
    24H : 0.100%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.30% 24H
    BNB
    24H : -0.30%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.03% 24H
    USD COIN
    24H : -0.03%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.98% 24H
    XRP
    24H : -3.98%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.39% 24H
    CARDANO
    24H : -0.39%
    Volume : $0.00
    Marketcap : $0.00
  • matic-networkPolygon(MATIC)
    $0.00-3.21% 24H
    POLYGON
    24H : -3.21%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.003.36% 24H
    BITCOIN
    24H : 3.36%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.25% 24H
    ETHEREUM
    24H : -0.25%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.000.100% 24H
    TETHER
    24H : 0.100%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.30% 24H
    BNB
    24H : -0.30%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.03% 24H
    USD COIN
    24H : -0.03%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-3.98% 24H
    XRP
    24H : -3.98%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-0.39% 24H
    CARDANO
    24H : -0.39%
    Volume : $0.00
    Marketcap : $0.00
  • matic-networkPolygon(MATIC)
    $0.00-3.21% 24H
    POLYGON
    24H : -3.21%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Satoshi milkshake experiment shows kids can HODL Bitcoin too
Bitcoin

Satoshi milkshake experiment shows kids can HODL Bitcoin too

Coin TelegraphBy Coin TelegraphJuly 8, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

A Bitcoin (BTC) experiment on the Isle of Man involving the Lightning Network, 25 schoolchildren and the promise of a milkshake has yielded interesting results. 

At Willaston School on the Isle of Man (a British Crown Dependency nestled between the United Kingdom and Ireland), 25 6-year-old students, one teacher and one teaching assistant participated in the light-hearted Bitcoin study.

Location of the Isle of Man, including Bitcoin B signs for merchants that accept Bitcoin. Source: Bitcoinevents.co.uk

MSW, a data analyst at CoinCorner, told Cointelegraph that he visited the school to discuss job opportunities and to inspire the kids, discussing his own career path, which spans nuclear reactor study, data analytics and now, Bitcoin. Inevitably, the talk delved into the Lightning Network and CoinCorner’s new creation, the Lightning-enabled Bolt Card. 

“I talked a bit about Bitcoin, went through the Freddo index — how the price of a Freddo is exploding — then showed them the pound money supply over time and then asked them what they knew about Bitcoin.”

A familiar character in most Brits’ childhoods, the Freddo is a humble chocolate bar shaped like a frog. When introduced to greengrocers’ shelves at the turn of the millennium, a Freddo cost just 10p ($0.13). In 2022, Freddo costs a whopping 27p ($0.32), as shown by the following index:

Freddo chocolate bar price analysis. Source: vouchercloud.com

Despite their young ages of 10 or 11, the kids knew of Bitcoin and some of its properties. One bright spark came up with the 21 million hard cap and overall, the classroom’s sentiment toward Bitcoin was positive. At one point, MSW was even asked if buying nonfungible tokens (NFTs) is a good idea. He set them right before gifting each pupil a Bolt Card loaded with £5 credit (21,554 Satoshis or $6).

The Bolt Card is a first-of-its-kind Lightning Network-enabled card that allows near-instant payments at merchants accepting BTC. The Lightning Lunch story demonstrates how it works in detail.

Lightning payments powered by @CoinCorner at @TheBTCAdventure ⚡️ ‘Happy with that!’ #Bitcoin #BoltCard #FixTheMoneyFixTheWorld pic.twitter.com/BL8eaZ5TTg

— Coach Carbon (@JosiasCarbon) July 3, 2022

MSW included an important caveat as he gifted the Bolt Card to the kids. “I sort of posed it as do you want to hodl or do you want to spend?” Having highlighted the deflationary, number go-up technology that enshrouds Bitcoin, MSM also showed the class that they could spend their Satoshis as money. Gourmet Shakes, a Bitcoin-friendly milkshake shack was a mouthwatering proposition.

One of the slide’s from MSM’s presentation. Source: MSW

MSW knew full well that the Bitcoin trial was reminiscent of the Stanford Marshmallow Experiment, a pop psychology trial from 1972. In short, the experiment attempted to understand delayed gratification in kids by offering the choice between an immediate reward or a greater prize if the children waited a period of time. The reward was either a marshmallow (hence the trial’s name) or a pretzel.

The “Isle of Man Satoshi Milkshake Experiment”—which maybe doesn’t quite have the same ring to it—yielded intriguing results. Of the 27 participants, just five people have spent their Satoshis, meaning 22 are Bitcoin HODLers.

In addition, as the experiment took place on May 29, the £5 ($5.97) of Bitcoin is now worth around £3.70 ($4.42)at the time of writing. If they want to spend their Bitcoin on a £3 milkshake, they need to act now!

MSW and the class holding the Bolt Card. Source: Willaston.sch

MSW jokes that, unfortunately, the kids are too young to have a CoinCorner account. But the experiment is worthwhile in terms of promoting Bitcoin adoption and demonstrating that spending Bitcoin is easy. Plus, it ties into a growing subcategory of Bitcoin culture, from Bitcoin children’s books to educational tools for kids to understand sound money.

Related: The UK ‘Bitcoin Adventure’ shows BTC is a family affair

The Isle of Man is fast becoming a leading European Bitcoin destination. Around 40 businesses now accept Bitcoin on the island of 85,000 people, Molly Spiers CoinCorner’s head of marketing and communications told Cointelegraph:

“We’re on a mission to make it [Isle of Man] a Bitcoin Island–have people come over and live on a Bitcoin Standard. Hotels and accommodation are ones we’re missing at the moment though.”

As for the milkshake experiment, MSM suggested that it’d be worthwhile to take a trip to see the schoolchildren before the end of this year to see how they’re HODLing, and to demonstrate how to sweep the Bitcoin from the card if they so wish.



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Arthur Hayes Forecasts ‘Most Hated’ Bitcoin Rally Ever As Infinite Money Printing Ensues

March 20, 2023

Will the Fed stop rate hikes? 5 things to know in Bitcoin this week

March 20, 2023

Taiwan watchdog FSC to assume authority on crypto regulation

March 20, 2023

Fed, central banks enhance ‘swap lines’ to combat banking crisis

March 20, 2023

Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High – Here’s His Outlook

March 20, 2023

Bitcoin hits $28k as uncertainty surrounds banks

March 19, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix

March 20, 2023

Bitcoin, Ethereum Technical Analysis: BTC Starts the Week Above $28,000, as Global Banking Crisis Worsens

March 20, 2023

Synthetix nets $20M from Web3 quant trading firm

March 20, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.