On that cold snowy morning, dozens of student vendors arrived before the pop-up event so they could learn how to receive sats in payment for their product or service from other students. The plan called for these students to use the Lightning Network exclusively and that meant the student entrepreneurs needed to know how to create an invoice.
These student entrepreneurs received $5 to start their day and were encouraged to let the other students know they would accept payment in sats. Within a few minutes, each student had learned wallet basics and went to their booth armed with the knowledge of how to accept bitcoin in payment for their product or service. (The week prior, they had raised about $500 in bitcoin as seed capital for this event with support from a generous group of Rocky Mountain Bitcoiners.)
Earlier that morning, these young entrepreneurs had set up their booth in the school gym featuring signage which advertised their product/service and a price list offering a wide variety of goods such as homemade cupcakes, cookies, waffles and other handmade goods as well as services such as neck shaves and shoe shines.
The event began with the students downloading Muun wallet and learning how to create invoices. Next, the students were all instructed to create Lightning invoices to receive $5 worth of sats, as they headed down to the pop-up shop in the gymnasium. Just over 80 students and a couple of teachers were loaded with sats to spend. Some of the boldest students came back to reload after they spent their first sats. It really was a sight to see, just a mere few hours earlier, students were downloading Muun. Sooner after, merchants were creating invoices for goods, kids were running around performing transactions, and through all of the excitement, you could hear merchants yelling “I accept bitcoin!”
The level of enthusiasm that the students showed toward learning how to send and receive sats was inspiring and would make any Bitcoiner optimistic about our future. The event was a huge success, with many of the students thanking our local Bitcoiners for the lessons and sats. The students, being digital natives, were able to grasp how to use the technology with incredible ease. They were all told of the importance of remembering their four-digit code and using the security features to backup and recover the Muun wallet as needed. This began their first, tentative steps toward owning a form of property with a level of responsibility that none had ever known.
By the end of the event, the most industrious vendors held more than 180,000 sats in their wallets and a growing awareness that this new kind of money spelled opportunity.
Our local Bitcoiners also took the time to educate a few of the teachers on how to download a wallet and receive sats. After receiving sats on her Muun wallet, one teacher was blown away with the idea that she didn’t have to provide a phone number, or an address, or a social security number and that it did not require permission from a bank or government. All it takes is a phone and an internet connection to send money to someone on the other side of the world.
And as our local Bitcoiners left the event, there were many shouts of thanks as they walked out confident that the rabbit hole was drawing near for a new crop of bitcoiners. At the very least, a cohort of seventh and eighth graders were much more curious about Bitcoin.
The only thing that can top that feeling is to see another million Bitcoiners march into a local school near them and do something similar. If you are interested in learning more please contact Brisch .
This is a guest post by Ryan Brisch, Anthony Feliciano and Mark Maraia. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.