Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION
by
Blitzboy
on 25/08/2023, 11:01:22 UTC
⭐ Merited by JayJuanGee (1)
Initially, I recorded all my crypto wallet information in a physical notebook. My intention is to educate my future generations about cryptocurrencies like Bitcoin, ensuring that when they possess sufficient knowledge, they can access and recover the assets I've set aside for them. It seems like the most effective method to pass on my crypto assets to the next generation.

I beehive it is the right approach to record all information related to our wallets in a physical note book, and I have also chosen the same method to secure my keys, because I don't prefer to save such crucial information on electronic devices.

Moreover, it is essential to provide our children with solid understanding of Bitcoin and it underlying technology so that they can explore optimum benefits from these digital asset that we will pass down to them. This ground will enable them to take optimum advantages of this digital assets that we intend to pass on to them.
first off, I have to address the 'beehive' typo. Let's just clarify it's 'believe.'

Physical notepad for wallet data? Seriously? Its a decision, but lets look at security and history. Throughout history, written words on paper or stone tablets have been damaged, stolen, or lost. However, your point about distrusting electronics is valid. A digital age paradox: the instruments that enable digital assets can also be their downfall

Discuss the next generation. Teaching our kids about Bitcoin and its technology? Extremely important! The digital domain will host future economic, political, and social struggles. However, your comment regarding optimum advantages and pass on to them is redundant. In conclusion, your old-school way works. Its not foolproof. Make the youngsters Bitcoin-savvy, but give simple, concise messages