I was listening to The Last Trade: ep. 35, and they talked about irrevocable trusts.
Curious if anyone has set one up.
And I’m curious on your thoughts about this kind of solution, which seems to depend heavily on the legal system.
Am I crazy conspiracy nut for thinking that the legal system isn’t going to protect anything when we reach peak fiat crisis? We all lived through the Covid “crisis” when legal contracts were unenforceable and useless. Landlords had to maintain properties but could not collect rent. Businesses with a legal right to operate were forced to close.
I would like to have some plan in place, but is it not better to set it up on your own with trusted friends, and keep the Bitcoin more in your control, in case flight or hiding becomes necessary?
Yes I would like my descendants to have Bitcoin and use it responsibly. But can that be programmed into the Bitcoin, instead of depending on meat space legal shenanigans?
I feel that many governments are going to do as they please and continue ignoring laws to get whatever they want, and it’s better to just hide the Bitcoin. I see this as a somewhat likely scenario, and not just a tail risk.
What am I misunderstanding about this?