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fixtheworld | 1 years ago (raw) | root | parent | reply | flag 
 Hi @saylor:

What is your succession plan?

Interested in the game theory behind this?  In 10 - 20 years, it's unlikely that any individual will match the size of your stack.  So when the time comes for you, its going to have a significant effect on the landscape.

Have you planned anything out yet? Will you make it public?

Cheers.  I hope you can give some insight.
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pixel lust | 1 years ago (raw) | root | parent | reply | flag +2 
 he’s shared in interviews that he’s not a fan of trusts, charities or succession plans with bitcoin.

trusts eventually will stray from their original mandate, think about if rockefeller would agree with what the rockefeller foundation has done with his wealth all these years since his death. charities are notoriously inefficient/corrupt at distributing donations. giving wealth to successors sounds noble and prudent but statistics show inherited wealth is wasted away by the third generation.

what he thinks makes the most sense is to die with your private keys because you pro rata (evenly distribute) reward every hodler no matter who you are or how many sats you have. 

by permanently making the bitcoin supply more scarce by destroying your private keys you are “donating” to every hodler by making their stack more valuable.
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fixtheworld | 1 years ago (raw) | root | parent | reply | flag 
 Ah - interesting.  Thanks