A couple of weeks ago, the couple who’d spent the past few months working on a new wallet for their eldest son had to scramble to find a new address for their son, Calvin Klein, as the bitcoin wallet for the family’s $3 million bitcoin balance was suspended.
“It’s not like we’ve ever really been a regular bitcoin user,” said the father, Ryan Klein.
“He’s always been a bit hesitant about bitcoin, so when we had to make a decision about whether or not to use bitcoin for our son, we had no idea what to do,” said his wife, Michelle Klein.
The pair had been working on the wallet for a month and a half, after Calvin’s birthday, and had spent months working with a local bitcoin merchant.
“We just started to get to know this guy and his business, and we just really enjoyed it,” said Klein.
That’s when they found a bitcoin wallet that was very similar to the one Calvin had been using, with a few minor differences.
“This is what we thought, it was a lot more secure, and I really like it,” Klein said.
“I really like the fact that there’s a little bit more privacy on it, and there’s also a little more flexibility to the way it can be used, and so I was a little apprehensive about buying one.”
“It was really interesting because we had a lot of other options, but we just wanted to be able to have a real, trusted wallet, that would be used for the things we really cared about.”
The couple decided to put their first bitcoin in the wallet on Monday morning.
“And we just like to see if it works, and if it’s OK with our kids, and how we can use it, we can go through and see what the big picture is,” said Michelle Klein, adding she would also like to try the wallet out on a child of her own.
The couple is happy with the wallet, and even happier that they have it, despite having no money in the bank.
“You know, we’re very lucky that we have our money, and now we can spend it, because now we don’t have to worry about having a bank account, we don.
We don’t need a bank to store our bitcoins,” said Ryan Klein, while Michelle Klein also said they have no worries about the wallet.
The two have been using the wallet with Calvin since January.
“So it’s really cool, and it’s been really easy to use, and he really likes it, he likes it very much, and for us, it just kind of shows that we’re doing something right,” said their son.
Michelle Klein and Ryan Klein say they’re happy with their purchase, and are looking forward to using the funds.
“But we just want to get it to him as soon as we can,” she said.
A bitcoin wallet, or a “monetary instrument”, is a digital wallet that holds bitcoin and is backed by an online digital currency called ether, that can be exchanged for dollars, euros or sterling.
The bitcoin address for the Klein family’s wallet, with its name of the family, is diorwallet.com.
Klein and his wife have spent a lot on digital wallets.
They purchased a $10,000 bitcoin wallet in April 2016, for $200.
The couple is looking forward, they say, to spending their bitcoin now that they know it will work.
“If you think about it, this wallet is a currency, and bitcoin is a form of currency.
And I think that we can be better stewards of that,” Klein told CBC News.”
As far as the way that we interact with the world around us, we want to make sure that we are using bitcoin to do things that are beneficial for us as a family and our community.”
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