Justin Moon's avatar
Justin Moon 11 months ago
I think we’re going to see millions more bitcoin burned post-hyperbitcoinization as whales realize they can’t possibly allocate all that capital, that much money wouldn’t be healthy for their kids to inherit, and burning coins will “lift the boats” of their fellow bitcoiners. Saylor, for example.

Replies (27)

ben 's avatar
ben jumping@nostrich.house 11 months ago
Sounds like a terrible idea. If you raised your kids right you wouldn’t have a problem? You could always lock coins for a time period or like others said, donate to specific causes.
1 replies ↓
Justin Moon's avatar
Justin Moon 11 months ago
Also, philanthropy doesn’t work well long-term
Justin Moon's avatar
Justin Moon 11 months ago
Most people don’t raise their kids right, and philanthropy doesn’t have a good record at massive scale. The Rockefeller / ford / gates fortunes are basically commie slush funds at this point …
Justin Moon's avatar
Justin Moon 11 months ago
Large non-profits almost all become commie hotbeds. Ford / Rockefeller / gates foundations etc. especially if there is no founder figure around to keep it on track.
2 replies ↓
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npub1pccz...t3hn 11 months ago
just make complicated treasure hunts with a titanium seed stamp at the end
plebeian's avatar
plebeian 11 months ago
Because it takes an extraordinary amount of special skills to wisely use wealth you did not put blood and tears into acquiring
1 replies ↓
average_bitcoiner's avatar
average_bitcoiner average@primal.net 11 months ago
Raise an army of @Bitcoin Veterans? Or how does one begin an institute and leverage the native script of bitcoin to ensure their will be done into the future? Is it even doable? It would seem to fall against an Oracle problem or something. Unless there's some way to do some fancy Schnorr stuff soon that could he delegated to less socially retarded but trusted minions?
Jordan's avatar
Jordan jmbush@primal.net 11 months ago
Sure, it’s going to be difficult, but that’s life. We have to do hard things all the time. You definitely want to entrust that kind of wealth to trustworthy people. But if you don’t know 1-5 people you’d entrust $1 million + to you’re doing life wrong.
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npub1ds4n...pazl 11 months ago
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PewPew's avatar
PewPew 10 months ago
Saylor is the hero saving America is the way I see he sees himself lol. Theirs a sinking ship. Saylor is getting as many of his people on the lifeboat as he possible can lol. He’s the Noah of the capital markets lmao
1 replies ↓
PewPew's avatar
PewPew 10 months ago
Of course he’s charging a small fee via bitcoin yield for his service lmao
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