E313 How to Think Like Your Bitcoin Heirs

<p>Here’s a mental exercise to put yourself in the shoes of your bitcoin heirs. The underlying assumption is that your heirs know nothing or know way less than you do about bitcoin. Many bitcoiners have a pretty deep knowledge of bitcoin, self-custody, operational security, and so on. And you may be so deep down the rabbit hole that you forget how daunting and confusing bitcoin can be.</p> <p>Maybe by the time you pass away, bitcoin knowledge will become more common. But for now, most people don’t know what they’re doing. All of the above topics may as well be a foreign language to your non-bitcoiner heirs. And that’s a useful way to imagine how your heirs will feel. Think as if your bitcoin heirs will probate your estate in a completely foreign country (or planet).</p> <h2>Bitcoin is a different world</h2> <p><img class="aligncenter size-medium wp-image-43698" src= "https://anthonyspark.com/wp-content/uploads/2023/04/Bitcoin-is-a-different-world-300x169.jpg" alt="Bitcoin is a different world" width="300" height="169" /></p> <p>Imagine you had to probate an estate in a completely foreign country. Even with translation apps, you really don’t <a href= "https://anthonyspark.com/e237-translation-please-in-probate-court/"> understand the basic language</a>, especially slang and technical jargon. Even the most basic concepts are completely different.  For example, opening or closing an “account” doesn’t make sense in that foreign jurisdiction.</p> <p>This is the type of confusion that your non-bitcoiner heirs may face, even if they have dabbled in bitcoin before. On top of all that, your heirs are dealing with the grief of your passing and other family dynamics.</p> <h2>Now imagine your heirs attempting bitcoin inheritance schemes</h2> <p><img class="aligncenter size-medium wp-image-43699" src= "https://anthonyspark.com/wp-content/uploads/2023/04/Now-imagine-your-heirs-attempting-bitcoin-inheritance-schemes-300x169.jpg" alt="Now imagine your heirs attempting bitcoin inheritance schemes" width="300" height="169" /></p>