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

Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

September 30, 2023

Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

September 30, 2023

Leased proof-of-stake (LPoS), explained

September 30, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

    September 30, 2023

    Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

    September 30, 2023

    Bitwise announces Ethereum ETF’s launch on October 2

    September 30, 2023

    Coinbase CEO Brian Armstrong Says the US Needs Crypto Regulatory Clarity To Maintain the Dollar-Based Soft Power

    September 30, 2023

    Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

    September 30, 2023

    Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

    September 29, 2023

    Crypto Analyst Says Bitcoin (BTC) Is ‘Worth Watching’, Dives Deep Into Chainlink (LINK)

    September 29, 2023

    A $600 billion tipping point for crypto

    September 29, 2023

    Pond0x DEX claims $100M in trading volume as critics allege it’s a scam

    September 29, 2023

    Invesco Galaxy applies for Ether spot ETF

    September 29, 2023

    Valkyrie backtracks on Ether futures contract purchases until ETF launch

    September 29, 2023

    Valkyrie will offer exposure to Ether futures as SEC delays spot Bitcoin ETF

    September 28, 2023

    Analyst Michaël van de Poppe Says Top-50 Altcoin That’s Exploded Nearly 800% Year-to-Date Ready for a ‘New Leg Up’

    September 30, 2023

    Top-35 Altcoin Ignores Crypto Market Doldrums and Surges by Nearly 45% in the Past Month Amid Spike in Activity

    September 30, 2023

    Shiba Inu Team Advises Investors To Do Their Own Research, Be Wary of Suspicious SHIB Partnerships

    September 29, 2023

    Crypto Trader Says Controversial Altcoin Could Surge by Double Digits, Updates Outlook on Biconomy and Terra

    September 29, 2023

    Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

    September 30, 2023

    Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

    September 30, 2023

    Leased proof-of-stake (LPoS), explained

    September 30, 2023

    FTX hacker’s wallet stirs as Ethereum ETFs prepare for U.S. debut

    September 30, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    🚨BREAKING🚨 First U.S. Ethereum ETF APPROVED! (Altcoin Pump Coming?)

    September 29, 2023

    Ethereum Futures ETF: 90% Odds of Approval and What It Means! #shorts #crypto #youtubeshorts

    September 29, 2023

    Congress Still Gets Paid During a Shutdown? Here's the Truth! #shorts #crypto #youtubeshorts

    September 29, 2023

    CHINA To Kick Off Next Black Swan Event?! #crypto #shorts #youtubeshorts

    September 28, 2023

    “Winners Do THIS More” | Mark Yusko #success #motivation #crypto

    September 28, 2023
  • bitcoinBitcoin(BTC)
    $0.00-0.32% 24H
    BITCOIN
    24H : -0.32%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.03% 24H
    ETHEREUM
    24H : -0.03%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.000.00% 24H
    TETHER
    24H : 0.00%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.81% 24H
    BNB
    24H : -0.81%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-2.46% 24H
    XRP
    24H : -2.46%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSDC(USDC)
    $0.00-0.07% 24H
    USDC
    24H : -0.07%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.05% 24H
    LIDO STAKED ETHER
    24H : -0.05%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-1.19% 24H
    CARDANO
    24H : -1.19%
    Volume : $0.00
    Marketcap : $0.00
  • dogecoinDogecoin(DOGE)
    $0.00-0.33% 24H
    DOGECOIN
    24H : -0.33%
    Volume : $0.00
    Marketcap : $0.00
  • solanaSolana(SOL)
    $0.003.70% 24H
    SOLANA
    24H : 3.70%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.00-0.32% 24H
    BITCOIN
    24H : -0.32%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.03% 24H
    ETHEREUM
    24H : -0.03%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.000.00% 24H
    TETHER
    24H : 0.00%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.00-0.81% 24H
    BNB
    24H : -0.81%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.00-2.46% 24H
    XRP
    24H : -2.46%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSDC(USDC)
    $0.00-0.07% 24H
    USDC
    24H : -0.07%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.05% 24H
    LIDO STAKED ETHER
    24H : -0.05%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-1.19% 24H
    CARDANO
    24H : -1.19%
    Volume : $0.00
    Marketcap : $0.00
  • dogecoinDogecoin(DOGE)
    $0.00-0.33% 24H
    DOGECOIN
    24H : -0.33%
    Volume : $0.00
    Marketcap : $0.00
  • solanaSolana(SOL)
    $0.003.70% 24H
    SOLANA
    24H : 3.70%
    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

Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

September 30, 2023

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

September 29, 2023

Crypto Analyst Says Bitcoin (BTC) Is ‘Worth Watching’, Dives Deep Into Chainlink (LINK)

September 29, 2023

A $600 billion tipping point for crypto

September 29, 2023

Bitcoin About To Hit New Highs As ‘Completely New Environment Unfolds’ for BTC, Says Glassnode Co-Founders

September 29, 2023

Costo sells out of gold bars, but is it a better investment than Bitcoin?

September 29, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

September 30, 2023

Crypto Trader Says One Mid-Cap Altcoin ‘Looks Very Healthy’, Updates Outlook on Bitcoin, Ethereum and Solana

September 30, 2023

Leased proof-of-stake (LPoS), explained

September 30, 2023
# Name Price Changes 24h Market CAPVolume Supply
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.