For me, this is the purpose. https://video.nostr.build/ee971e0be8b2a290f6fd479d79a66588c60adedbecb692fa01271ec25caa629a.mp4
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Asians are going to end up with all the corn - I’ll tell you why. They still respect traditional family structures, “family communism”, and wealth inheritance. If an Asian is bequeathed a wholecoin as the eldest son and told explicitly never to sell, this wealth will work for the whole family. They’ll make sure everyone is looked after whilst respecting the wishes of the ancestor not to sell. Good luck trying to do this in the West where wealth will dissipate in 2-3 generations. If Muslims can work their shit out and use BTC to fight riba it’s going to the the century of Asian Muslims. Indonesia will probably be the new superpower come 2100.
Then they will deserve it
I’m not a parent. Does anybody worry about large inheritances spoiling the work ethic of offspring?
That’s a psyop to increase tax revenue. Most of the great people that fill your history books came from rich families. It’s all about how you raise your children.
It appears like you’re assuming great parenting is everywhere. Maybe I’m pessimistic. What about the idea that rich people don’t have time to raise their kids so their nannies do 80% of it? Maybe that’s just TV shows and movies?
Mainly a tv concept. I find those are the people who make a million dollars a year and spend all of it. The people I know who are worth 9 and 10 figures spend a lot of time with their children. They understand they are investing in the future.
I know some spoiled rich kids. It does happen. Cant be sure what the prevalence is. I do think it matters how you raise them, but it's not only spending time with them - you have to avoid giving them too much free shit, especially in adolescence. They need to do some wage labor in their life, for someone who's not in their family.
I still have my kid go door-to-door asking neighbors to mow their lawn and shovel snow to earn money for things they want to buy. My kids will probably not have to work a day in their life when they get older, but I’m making sure they know what it means to work hard now (2 kids under 14). All about how you raise them.
I think Bitcoiners need to study the art of not spoiling their kids, because so many Bitcoiners plan to give a shitload of money to their kids and many of them will not know how to keep that money from destroying them. We need to find successful rich kids and interview them and their parents to see what they did. nostr:nevent1qqs045d37qwrf8puyfwe5pn809pved2k9px0ns23de63dlrlc4u2wdgpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqzyqd0urr5u0thsn46jwj787j4ffhwkqvj35f88xhghfyry7rgpr3k6qcyqqqqqqg7atrjg
I’ve thought like this for a long time, but I’m not so sure anymore. For instance, I’ve told my dad I expect nothing from him. I’d prefer he ball out with my mom in their 70’s and 80’s (they’re long time hodlers) I wonder if my kids will feel the same.
Yeah but you’re doing great on your own. I would imagine you’re richer than your parents. In that case I totally agree. Encourage them to spend.
Think about it like this. If your kids don’t end up with your coins someone else’s kids will have them. Bad trade imo. “Families are either rising or falling in america” -Hawthorne
I can see this day, but fuck me, it’s going to be a slog. nostr:note1ltgmruquxjwrcgjangrxw72zej64v2zvl8q4zmn4zm78l3tc5u6squrcyt
only if they follow the way!