How many coins are you confident in to still do well after a couple of years? After you have already passed away? How many coins would you want to pass on to your children? For me, the answer is bitcoin. It is one of the few, if not the only one, I am confident that will still have good value over 10 or 15 years or maybe even more. It has always been a topic of discussion how to pass on the bitcoins we are holding now when we pass unexpectedly or not.
Well, Binance founder CZ has suggested a function to be used in binance where one can set up a will and put in a contact to which the coins will be given to after you have passed. Either the coins will be passed to your trusted person if the account is inactive for a specific amount of time or your family can submit a death certificate. This sounds to me a fool proof function. Could there be downsides to this function?
See
here.
There is no second-best money. The hardest money always wins and that’s Bitcoin. All other crypto will go to zero compared to Bitcoin. Bitcoin will absorb the monetary premium from other forms of money, including real estate.That doesn’t mean Bitcoin won’t face serious challenges in the future. The people who control the current monetary system owners of central banks and commercial banks . have no interest in seeing a competing or alternative form of money succeed. They’ve built their system over centuries, and they will fight to preserve it.
We should expect attacks on Bitcoin. After all, Bitcoin is software, based on social consensus unlike gold, it is not physically immutable. As Bitcoin continues its path toward monetization, there will likely be forks and attempts to corrupt or co-opt it.People are vulnerable and money corrupts easily. Many can be bought or coerced
But history shows that such forks almost always go to zero. Why? Because humanity desperately needs hard money and Bitcoin, as the hardest money ever created, is positioned to absorb the entire global monetary premium