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24 sats \ 15 replies \ @Coinsreporter 4 Aug \ parent \ on: For Territory Bulls Only- Are You Ready For A Fire Sale? meta
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
Purchasing a territory gives you immortal life.
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never again!
IYKYK
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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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Okay. But we need to think about it.
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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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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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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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unprofitable.
Ok. I understand your point.
I also didn't say financial profits. I said profits and they should definitely be most meaningful and distinguished.
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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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