Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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 of 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.
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 of 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.
I think if you really consider to get your ass frozen and revived in the future, you will be kindy born again, but without personality. There is biochemistry involved, and afaik the process is stopped when you get frozen. So, there's Hal, revived, with cottage cheese in his mind, to a yet unknown extent. I am not sure if i would want that to happen to me.
For me, YOLO is not only the motto of a questionable generation of growing-ups, but it's something i consider as literally true.
Apart from that, i do and will teach my children that BTC is not the kind of investment it is usually compared to in the world of normal people. A way to independence. I will ask them each if they would sell their independence for money at some point in the future.
Good thoughts you started there in my mind with this posting.
I really don't want to press the frozen body issue, but I have no doubt that it would be possible, eventually.
As an example, here is a vid of bats, apparently being frozen solid during our recent freeze and then re-animating.
I don't think that their "personality" was affected, but i cannot really ask
https://youtu.be/ckq8KCOdgzM?t=53
Same for the gekkos in my backyard...I noted the location of a "frozen" gekko...then warm temperatures came and it was gone back to regular "business" of eating ants and pill bugs.
But, as you said, education is a more immediate need.