[...]BTC has utility gold hasn't, like portability, absolute ownership (you can take BTC with you when you die) etc[...]
That's an interesting property of Bitcoin, that I never really thought about. It's true, you can die and take the keys with you, which is equivalent to making a donation to the Bitcoin community, equally distributed among all BTC holders. Nice!
I am actually actively thinking about it. Some people want to give it to their progeny, but I have serious doubts that mine would be able to do anything positive with it.
I will be making a first test: giving a fraction to one of my sons and then observe what he will do with it. Age-wise, it seems timely.
I already asked in the hypothetical and the answer was encouraging, but the real "practice' would show.
Yep, these sound like my struggles, too. Only one child of mine knows that i hold Bitcoin (not how many), but only asked on a few occasions about the price.
My other children don't even know about me being a Bitcoiner.
For me, i found out that it's not that important what they might do with the corn in the end, as long as it's not some evil shit or about the wrong type of drug(s).
I will try to teach them how to handle the corn to maintain a good life and still having enough reserves to reach those extra goals, but i will also tell them that it always feels better to do some work to achieve something, not to only "buy it".
(EDIT: Which could be quite a challenge, with all that ADHD in my family, that makes them gravitate towards impulse-purchases a lot...)
So many folks have discipline and self-organizational skills, yet sometimes they will grow out of it.. yet at the same time, if they believe that they have something coming or that they are entitled to something coming, then they might be disincentivized in terms of their own self-improvement efforts.
Sure, they are gaining skills over time, and their abilities actually also shift with age. But there was that other idea, please read on when i'm adding some detail to it, right below:
What i also thought about was transferring the corn to a notary as a custodian, who could release parts of the treasure to my children for a defined range of purposes, following a set of rules i would define.
Most Notaries would be Crypto Bitcoin-aware within the next decade, i guess.
That is like the creation of a Trust, which also does not necessarily work out and sometimes Trusts are broken (dissolved and/or with court permission) upon the death (or sometimes soon after the death) of the creator of the Trust.
Some kind of Trust, but including a little more complex conditions, like following a flow chart. So, for example, "Child 1" would get five BTC, like all other ones. If there are more than 2 BTC left after 4 years, (1) will get 5 more, otherwise only 2 more. After another four years, the same rules apply until my wallet(s) are empty, post mortem, or the notary outlives the children, when he finally puts the middle finger to the system and retires, enjoying his fuck-you-richness for the rest of his life, or his follow-up notary, if he doesn't have children himself. The BTC might eventually get lost or spent. Not many fucks given.