What's the plan for spending some of it then? Doesn't sound very fun just saving forever does it? A savings account teaches them to save and spend, not just spend and not just saving until fiat dies, that may be a long time in coming. Need to have balance ☯️
Yeah. If she wants to spend it I basically just give her the cash and move the equivalent bitcoin to my wallet. If Bitcoin truly moons that could be more of an issue though. Lol
Actually this is an issue with Bitcoin in general, I think. If my Bitcoin doubles in value there’s no good way to access that wealth. At least that I’m aware of. It’s an extra long term type of savings. Aside from zaps, but that’s usually pennies.
This probably why you should consider the litecoin project
Forgive my ignorance, what is this? You mean the litecoin altcoin?
Yes thats what I mean if you are a real account
What advantage does litecoin have over Bitcoin in regards to accessing the wealth?
Leave litecoin alone! Stick to bitcoin
Yeah I have no interest in litecoin or really any other alt coin. I can see the value in a privacy coin like monero but I’d rather see that capability built on bitcoin in some way, maybe with Drivechain.
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