I am in mid 20's and holding and accumulating as much BTC as I can. I try to save a small amount of bitcoins every month so that I can do something with it when I retire.
But what if something unfortunate happens to me. What should I do 'now' so that the coins can be used for a good purpose in the future by the right person.
I know I can hide the instructions to the private key for somebody to take it in the future. But my question is whom should I give it to ?
I do not want to give it to my relatives or children since I want them to earn on their own and never depend on others money.
I know I can donate it to charity but what's the guarantee that the money will be gone into good hands and will be used for the right purpose ?
Are there any options that you guys think of ? Have you guys thought about such a scenario ?
I am close to your age, and it's definitely not the age to worry about dying, even though it is often coming to mind. Firstly, if you're accumulating your BTC, you should have a plan for them. Simply accumulating them seems useless to me, because they are worth nothing if you never spend them, right? As for the question about who should receive the money, mine would go to my spouse and children. You're saying kids should learn how to earn their own money, but I don't think it's fair. It's natural to help children find direction, profession, job and support them financially until some time, at least, so that they have resources to educate themselves/do an internship/volunteer before finding a well-paying job.