| Every year the mining pools release another 164,250 fresh bitcoin into circulation. But a hundred years from now, it will only be a fraction of one bitcoin. The BTC mine will be all but empty, when our great grandchildren are born. The rarity of satoshis in circulation will become immense. So what happens if you just leave everything as it is right now? You too will pass on some day, and your children will inherit everything. Your possessions, your assets and the private keys to your bitcoin. They will probably struggle to hold on to those bitcoin, and most likely there won't be much left for your grandkids - if anything at all. What may remain will eventually be bought up by conglomerates like Blackrock, Grayscale and Microstrategy. The privilege of holding significant bitcoin will be over and done for your bloodline - perhaps forever? βBut if you establish your own multi-sig solution, you may reverse this unfortunate decline, so that future generations of your family can also prosper and succeed. You might even inspire some of them to pass it on, just like you did. Bitcoin is a - one in a civilisations lifetime opportunity - to generate generational wealth for all your descendants - if you do it right. There's all kinds of multi-sig and timelock solutions available online. I have made my own method and published it for free online too. You can find it under my profile. Some of this text is lifted from my website. Many have said why should I care, what happens a hundred years from now? One reason is because you can make a real difference with very little input. And it is your family, even if you don't get to meet them personally. A building always starts with the first stone. As a bricklayer I can vouch for that. β [link] [comments] |
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