Post
Topic
Board Bitcoin Discussion
Re: Gifting satoshis to future generations
by
panganib999
on 30/08/2023, 21:08:47 UTC
I found this quote from the article to be particularly interesting:

Quote
If, for example, someone received today a floppy disk or a Sony minidisk from the ’90s, it would be very hard to find a device able to read it now. It is likely that the same problem will happen with USB sticks, so using a hardware wallet from 2019 may end up requiring multiple adapters to bridge between different communication standards.

And it made me wonder whether in 18 years, when the gift recipient has grown up, bitcoin will be as popular or as relevant.  It's a technology that might not age well in that amount of time--and I don't get the feeling that it's going to disappear or anything like that, but you wouldn't expect USB drives to disappear either.  People expect long-term growth from bitcoin, but the truth of the matter is that none of us knows what's going to happen in crypto.

Having said that, I think it's a fantastic idea to put aside some satoshis or whatever amount of bitcoin would be appropriate for a newborn.  It's a cool gift if nothing else.
I've had the same reservations too. Part of me believes that bitcoin would endure and would remain relevant for years to come, but on the other hand I can't help but be pessimistic/realistic about the tenure of things and think that something else will surely take its place in the future, if not a whole paradigm shift of cryptocurrency and decentralized finance. Tools utilization is another thing as well, but with the trend that things are going to I think we'd still be able to use USB sticks with future computers, just bear in mind the fact that even though nobody uses those goddamned mouse and keyboard adapters anymore, computer companies still leave them up for some reason. I believe that if things go well and we don't kill ourselves with war, at least enough for us to see how things will go through in the future, we'd still be able to use regular old USB sticks, so trezor wallets are still relevant and all that.