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196 sats \ 16 replies \ @siggy47 OP 4 Aug \ parent \ on: For Territory Bulls Only- Are You Ready For A Fire Sale? meta
3 million sats is a lot!
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24 sats \ 15 replies \ @Coinsreporter 4 Aug
They would be recovered just in 30 months! No issues, that's a valid reason. Is there any mechanism of transferring rights of territory in case of owner's death? A nominee or something like that?
CC: @k00b
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85 sats \ 10 replies \ @k00b 4 Aug
Purchasing a territory gives you immortal life.
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100 sats \ 0 replies \ @OneOneSeven 4 Aug
never again!
IYKYK
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24 sats \ 8 replies \ @Coinsreporter 4 Aug
What about the ownership rights after death of one stacker? I want my territory should be handed over to the the person of my choosing. Are there any rules regarding this or is it just like that the territory will never be owned by someone else.
I actually get your point, may be partially. You mean that I can have a person or a group in my life that know my login for stacker news and in the event of my death, he/they can takeover.
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32 sats \ 7 replies \ @k00b 4 Aug
My comment was a joke. Inheritance for territories is not something we've thought about yet.
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11 sats \ 6 replies \ @Coinsreporter 4 Aug
Okay. But we need to think about it.
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32 sats \ 5 replies \ @k00b 4 Aug
If you purchase a territory and put it in your will or something, we can always manually transfer it when you pass.
In general though, I'd recommend against viewing territories this seriously and purchasing or renting if you view them this seriously. They aren't sure things for the faint of heart. They will be money pits until we prove that they aren't.
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0 sats \ 4 replies \ @Coinsreporter 4 Aug
No for money pits but to pass on the work I might have done when I pass. Also, when you say that owning a territory should be like a non-profit why would someone invest in it if it won't generate any profits?
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32 sats \ 3 replies \ @k00b 4 Aug
I never said they should be a non-profit. I said they are unprofitable.
why would someone invest in it if it won't generate any profits
I don't profit from SN, yet I work myself to the bone for it. I might one day profit from it, which I wouldn't mind, but I'm building SN for the non-financial things I get by building it.
Financial rewards are just one kind of reward. Financial rewards are the most common reward, the most universal. Financial rewards are very important for that reason, but they're also the least meaningful.
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0 sats \ 0 replies \ @supratic 4 Aug
30 months for life instead 36 installments is a good 20% deal!
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0 sats \ 2 replies \ @supratic 4 Aug
yes, you need to wait for the owner to abandon it, after 5 days will be available. But stay tuned! Maybe co-ownership is coming soon...
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0 sats \ 1 reply \ @Coinsreporter 4 Aug
Kindly re-read my question. I'm talking about handing over a territory to someone who an owner can designate in case he dies. Talking about a territory which has been bought for a lifetime.
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0 sats \ 0 replies \ @supratic 4 Aug
I read that territories ownership is now transferrable. I mean, the owner has the option to nominate a new owner. But if death surprisingly arrives... well, that's another thing! If you are an owner, just make sure the sats goes to your non-custodial wallet.
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