Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 21/01/2023, 21:58:09 UTC
⭐ Merited by OutOfMemory (1)
Here is something I was pondering recently:

Let's say that in 10 years bitcoin would be very valuable and the WO long term members would age and would be at or contemplating either retirement or inheritance problems.
In my opinion, we should start preparing our next in kin on how to deal with forms of wealth, like bitcoin, with which most financial advisors are unfamiliar with.

M. Saylor makes an analogy between bitcoin and Manhattan's real estate.
What I am getting to is this: it seems silly to 'allow' your inheritors to convert inherited bitcoin to cash knowing that bitcoin is likely to be more valuable in the future.
Once the family 'loses' bitcoin, it is unlikely that they ever get it back.
Therefore, family education on bitcoin properties and understanding it's value will be very important going forward.

Additionally, there are two very well funded companies employing brilliant scientists (best money can fund) tasked with working on the "problem" of aging.
Apart from the "simple" life extension, Hal Finney, btw, flash-froze his body (or maybe just head, it is a bit cheaper).
Who knows, he might be coming back in 100-200 years.
While doing inheritance, maybe some ought to consider making similar arrangements and then have the legal mechanism in place to resume ownership (of at least part of the funds) if some re-animation would be possible in the future.