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The scale of the unfunded pension liabilities globally is almost incomprehensible. Hundreds of millions of people around the world expecting to retire comfortably will see their pensions worth pennies on the dollar or their currencies completely debased.

Nunya Bidness 1y ago

I see a future of smaller "Family Offices" where a pleb-fam tithes to their own pension (guess what in) and their decedents only gain access to the family pension (aka Living Trust - See Kennedy Family Trust) by tithing to it themselves (covenants).

After a couple of generations the Family Pension generates enough income to support the basic needs of the decedents without any intervention or 3rd party custody by institutions or governments. Do you want more? Then do the thing that makes more. Make more? Tithe more.

Our 401k has tricked us into believing we aren't capable of such machinations and that serves the purposes of only those who do not care about you, your family or your legacy.

#bitcoin

#lightningNetwork

#nostr

#keyPairs

#relays

#Ecash

The components are here and it's time to build the thing.

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Discussion

DeAllen Young 1y ago

I've been doing this exactly. Also creating medical emergency, and insurance accounts. These things are great because the network allows transparency as I open it up to more and more extended family.

Jon 1y ago

👆💯

Mark Camper 1y ago

I'm eagerly awaiting for employers to start offering BTC DCA match instead of the 401k match.

Fiat math has some solid nominal savings

But comparing it against opportunity cost of stacking non-custodial BTC for the long-term... I can't see a Bitcoiner who wouldn't prefer the btc stack match even if ~50% smaller.

As you're pointing out, maybe better to setup something like that for your family/community endownment than waiting for the companies and regulators to start offering this.