I remember reading a discussion about whether or not long-term cryptocurrency investments were good or bad, with the debate focusing especially on potentially investing Steem and other cryptocurrencies to our children for them to cash out when they have grown to become adults.
I really found this an interesting experiment, and have been thinking a lot about this lately. While I believe that Steem is a great investment at this time, how could anyone know what the value is like in 15 to 20 years from now?
I see both benefits and problems with this investment, and the big question is how the blockchain technology will even look like in 14 years from now. We are still at the beginning of this crazy ride, and for all I know all the blockchains we are currently using might be replaced by new ones at this point, and it is next to impossible to predict the technological development for such a long time ahead.
One of the people who really got me thinking about this is 
He wrote a post about how this has affected his life a month or two ago, and I wanted to find it for you do you could read yourself, but if you remember my post from yesterday; I'm still stuck with an internet connection that won't load in 90 % of the cases, so I cannot possibly manage to scroll that far back to find it on his profile!
If you have been following my blog for a long time, then you might remember that I became a father a while back, so this is one of the reasons why I found these discussions about investing crypto long-term interesting. After giving it some though, I decided to do this for him, and see if the investment will be valuable in 14 years from now, or if Steem is long gone by that time.
The reason why I chose 14 years is because we have a kind of rite of passage for 15 years old children here in Norway, where we like to give these teenagers a lot of money. I’m not saying it’s a good idea to give a 15 year old teenager a lot of money, but that’s what the tradition is like.
So what I’m going to do is to create a new account for my child, invest it with 100 Steem Power, print out the keys for him, put these in an envelope in a safe place, and not open them for 14 years.
I am planning on keeping the Posting key for a while, as to do some “wealth management”. I’m currently not sure if I want to just use his posting key to join a curation trail, or if I should let him get bigger rewards by selling with Steem Power as delegations. Selling a delegation for 14 years could absolutely get him a lot more Steem, but then again, it is much easier to just set up a curation trail to join.
As mentioned above, I do have high hopes for Steem in the next few years, but there is absolutely no way to know how the world will be like in 14 years from now. Most social networks tend to become popular and die off again within this timeframe, so Steem and Steemit might have already peaked many years before he is allowed to cash out. So for this reason I do believe that this is a very high-risk investment, but at least it makes for a cool story 14 years from now.
If anyone of you have done anything similar, let me know in the comments. I think most people believe that this is an investment that is too high risk due to the time-frame of it, so it would be cool to see what you guys think.
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