4 ms·
I've toyed with the idea of putting money into a trust and having the executors of the trust use the money to maintain stuff like this. It's more of an institu
by d4mi3n 5y ago
I've toyed with the idea of putting money into a trust and having the executors of the trust use the money to maintain stuff like this.
It's more of an institutional solution than a technical one, but I'm personally more comfortable with an institution lasting 500 years than an unmaintained piece of hardware or software.
It's the same strategy used by museums--they take a grant from somewhere (from government, public, or private entities) and use that money to retain expertise and resources required to preserve stuff like the Mona Lisa or a dinosaur skeletons for future generations.
- elliekelly 5y agoFor the trust route it might be worth looking into a corporate trustee vs a natural person. It’s much less likely (though not impossible) for it to fall through the cracks at a bank’s trust department than at Doe & Doe Law Firm.
- erikcw 5y agoIANAL but I believe "the rule against perpetuities" is one of the sticking points in using something like a trust as an institutional solution to this problem.
- denton-scratch 5y agoYes, I think perpetual trusts are illegal. Whether 500 years counts as perpetual, I don't know.