Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION
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That's still a good option and indeed for now I always record more than one seed because as you said there are some things that might be the worst that could happen if I only copy one.Although there may still be some people who do just one and memorise the seed but that's another option.
Memorizing, as a back up, sounds scary, even if it might not be the ONLY place that the wallet is kept - even though I could appreciate that memorizing (and writing down) could come in handy when crossing over a boarder because it may well be a short time before it is going to be fed back into some kind of a wallet device.
long term memorizing as a back up could also be problematic in terms of someone hypnotizing you, to the extent that any of us believe that hypnotism is real.
A device like a flashdisk is also possible but in the end I wouldn't choose this option to do because in some conditions I have experienced where I saved it on one of the flashdisks but when the flashdisk is not used for a long time then it is indeed possible that corruption occurs rather than me having to plug and use with conditions that we don't know if there is malware or not it is better for me not to use this option.
Sure.. there are some kinds of electronic saving that is more reliable than others, and for shorter time frames, none of them would necessarily be bad, but I think in these kinds of inheritance cases we are talking about some kind of a longer term storage.. and/or at least having potentials for longer term, even though the circumstances regarding how long some keys might be stored prior to the heirs trying to access them is likely going to have quite a bit of variance, even if future deceased bitcoin holder might well be checking and verifying access to the electronic devices 1-3 times per year.. depending on level of analness.
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I think that the idea of Bitcoin is that over time, more and more BTC gets lost, forever unable to be claimed. In a sort of way this is a deflation mechanism which boost the value of the other Bitcoin in circulation due to the fact that the Bitcoin supply decreases more and more over time. So everyone else's coins go up in value and this is a good thing. I personally hate the idea of heritage. It has caused a lot of problems in the fiat world and we can see this with all the disgusting billionaire hoarders. Why the hell should anyone get money that they never earned? Do we need more Rockefellers? More ultra-rich, corrupting the world, financing both sides of each war? Screw that. A person should get what they earn in their lifetime, no more and no less. That's a bit harsh.
But, hey you are entitled to your own opinion, even if you might be bitter about a "few" things.
I suppose in spite of my trying to be funny, you are making some valid points regarding some of the disproportionate inequalities that come from incumbent rich folks... yet I have my doubts that the solution should go as far as you are suggesting in terms of causing inabilities for the passing down of wealth, and there likely are some families who are ONLY able to get ahead in some kind of a degree based on the efforts of several generations building and building and building (at least the responsible heirs, which the may well be some of those kinds of folks in this world, even if you are suggesting that they are a minority and the inheritance system is mostly a tool of the rich and powerful who don't deserve it).
By the way, remember that 80x trade that you made?
Are you merely bitter because you already spent all of your "profits" from that?
Inquiring minds want to know.
Pray tell!!!!!
