LumberJocks

Bitcoin Paper Wallet holder/Gift Card Box

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Project by LegoJack posted 02-05-2021 11:50 AM 599 views 0 times favorited 3 comments Add to Favorites Watch

In early January the value of Bitcoin reached a new all time high of around $40,000 per Bitcoin. During that time I had a conversation with a coworker about Bitcoin and unintentionally mentioned how many Bitcoin I had. He not so subtly pointed out that I was being an idiot holding onto that while I still had a mortgage and strongly urged me to sell off most of my holdings and pay off my mortgage. After calling an old roommate who is a tax attorney to confirm what I needed to do to keep my life from being ruined over this, I logged into my coinbase account and transferred Bitcoin in to sell it off.

Now that the deposits have gone through and the mortgage is paid off(minus the last payment which for some reason has a 10 day holding period before it will go through) I decided it’s reasonable to give my coworker a token of gratitude for getting me off my ass. I generated a paper Bitcoin wallet to deposit a little Bitcoin into for him, and used my CNC to carve this simple box with his name and the Bitcoin symbol carved into the lid.

This was definitely the right time to sell, my wife is pregnant with our first child so going into that with zero debt is unquestionably the way to go here.

Made with hard maple, acrylic paint for the lettering, and lacquer for the final finish





3 comments so far

View JCamp's profile

JCamp

1313 posts in 1611 days


#1 posted 02-05-2021 12:32 PM

Cool project. I’m not a fan of Bitcoin at all but I’m glad you were able to sell it and get out of debt. Not having a house payment is great. Glad your friend gave you good advice. When I was younger most of mine encouraged going into debt. For me I found the total money make over. If you haven’t read it I can’t suggest it enough

-- Whatsoever thy hand findeth to do, do it with all thy might

View Notw's profile

Notw

949 posts in 2813 days


#2 posted 02-05-2021 03:25 PM

Wow $40,000 per bit coin, last time i looked at them they were around $1200 per, guess i should have bought some then

View LegoJack's profile

LegoJack

23 posts in 873 days


#3 posted 02-05-2021 05:33 PM

JCamp, that book is what started my wife and I working on budgeting and managing our debt in the first place. Dave Ramsey is definitely a good source of financial advice

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