Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Gifting satoshis to future generations
by
BlackFor3st
on 30/12/2019, 05:42:47 UTC
⭐ Merited by JayJuanGee (1)
Today I found on medium this nice article by Federico Tenga about long term storing of bitcoin to be gifted to future generations.
 There are a few interesting points to be considered, some of them I completely overlooked while thinking about this very topic:

So, have a read:


Quote

Recently I’ve been tasked to gift some satoshis to a newborn baby, who is supposed to redeem them when he grows up, about 18 years from now. The challenge was trickier than originally expected, as there are many different ways to store bitcoin, each one with different trade-offs, and at the same time it’s hard to predict the state of the Bitcoin industry two decades into the future.



Hardware compatibility doesn’t age well

After a few thoughts he came with this solution:



Read the whole article here:


He has an (inactive) account here on Bitcointalk, maybe if you have enough comment we can summon him back to the forum!



It is a unique way of gift that can result in either happy or sad moment. It will be happy if it turns out that 18 years from now bitcoin will still exist and it's value will climb up to it's highest.

While the opposite one is once bitcoin is not existing anymore or it's value goes back to nothing. In any case, I like the idea as it is very unique and is very challenging for the receiver on how he is going to redeem the gift once he is ready.