Quote from: KingsDen on April 09, 2024, 07:09:48 PM

Quote from: Kavelj22 on March 30, 2024, 08:02:08 PM

In my country, until the mid-2000s, the Postal institution enabled its savers to partially or completely freeze their balances for a specific period of time, provided that the freeze on the amount would not be lifted regardless of whatever reasons, even in if the person’s death. This product was not available in banks as I recall, but since the 2000s this product has been completely abandoned. When I think about the concept, I find it very useful and it can serve the financial institution and the saver as well, especially those who want to secure their savings so that they never think about using it. I think that there are many reasons that might encourage a person to do this according to his assessment of his needs in the medium and long term. The financial institution will also benefit from the liquidity that it will accumulate from the frozen balances, in addition to the possibility to impose fees for the service.

As the world advances, and civilization is in crescendo, it is expected that some practices will gradually fade away. Everyone is tilting towards freedom and liberty. Even people in the third world countries are beginning to resist centralization. I personally will like to lock my own money and still hold the key than let another man lock it and will not release the key even if I am to die.

Quote from: ololajulo on April 07, 2024, 02:13:55 PM

Quote from: btc78 on March 31, 2024, 03:52:29 AM

I think a lot of families do this.

They put in money in a bank account in which they dedicate that to their children usually for their college fund or something like that. I do see the point but honestly I think it would be better if you just put it in to crypto. Even if it is locked, fiat money will still lose value over time unlike in crypto especially in bitcoin.

I am cautious about advising individuals on the long-term retention of Bitcoin for their family or children. Its security vulnerabilities make it susceptible to theft, with little to no possibility of tracing or recovery. Instead, a portion of such investments could be allocated to cryptocurrency, while the rest could be diversified into more stable assets like fiat currency and real estate. Although these alternatives may offer lower returns on investment, they provide easier and safer avenues for wealth preservation

There's no kind of investment without risk.
Fiat = depreciation and theft
Real Estate = Over price, dispute, natural disasters.
Crypto = Lose of access, hack, etc.
Just diversify and remain calm.

That's right, bro, it's safer for us to lock and hold the bank balance ourselves rather than having it locked by someone else and it being known by other people, it could be that everything will be hacked by them, when they know everything that's in it, it's not impossible, there's definitely a chance for them to hack it. our bank balance, so before we go any further, we must first secure our own personal possessions, because it is very dangerous if our balance is exposed to other people, it could result in them being compromised in an unreasonable way, because being careful first is better than It's already happened, what else can it be? It's all happened.