Quote from: OutOfMemory on September 14, 2025, 09:08:02 PM

Quote from: JayJuanGee on September 14, 2025, 08:36:24 PM

Quote from: OutOfMemory on September 14, 2025, 05:59:07 PM

Quote from: Biodom on September 14, 2025, 05:36:26 PM

Quote from: AlcoHoDL on September 14, 2025, 05:28:18 PM

Quote from: Gachapin on September 14, 2025, 05:03:25 PM

[...]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:

Quote from: JayJuanGee on September 14, 2025, 08:36:24 PM

Quote from: OutOfMemory on September 14, 2025, 05:59:07 PM

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.

Yeah, of course, you can set those kinds of trust fund matters up in a variety of ways that have various conditions, and you have a notary like you mention and/or even successor notaries or their organization might be something that you might allow to pass down the notary under certain conditions.

You can set the fund up so that it ends up getting exhausted (or depleted after the passage of various events) and/or you could set it up to perpetually pay from within the income that is generated from the fund that relates to the likely ongoing ability for bitcoin to be able to increase in value at a rate that is faster than the withdraw rate.. So yeah, right now, you can look at my sustainable withdrawal tool and see that if you happen to have at least 15.232 BTC (at the time that I am typing this post) then that would generate $80k per year perpetually with 7% increases in the dollar value each year.. for ever and ever... And so adjust the calculations within the tool based on the amount in the funds and if the value of the BTC holdings is sufficiently sustaining itself in such a way that the fund is growing faster than the withdrawal rate..

Quote from: OgNasty on September 14, 2025, 11:00:09 PM

Amazon accepting crypto (as the rumor mill suggests is coming) could be a big deal depending on how they do it… Bitcoin integration in Apple Pay would probably be the only thing bigger.

Fuck crypto.. who would want to deal with that?

Quote from: Emikoyumi on Today at 07:13:13 AM

Quote from: Room101 on Today at 06:40:59 AM

Spring is coiled boys. The pressure keeping it down cannot sustain the effort. Next ATH we move violently upward. Think $140k falls quickly, and falls this month.

The market won’t go up just because you or i want it to. it always moves by its own rules. sometimes it even loses its direction. if i think the market will hit 140k+ this month, is that really possible? of course not. i don’t think it will reach 140k+ before another correction. and if it does, what will the dumpers do? it’s true that compared to past years, btc has pumped many times this year. the time will come when its price will skyrocket, maybe even reach 1m. but 140k this month is maybe not possible.

Not possible is a very strong assertion.

It is possible to reach $140k this month (that is merely 20% UPpity from current prices), even though it might not be likely.