If I look at the development…

If I look at the development of #Bitcoin from my perspective, it could go something like this:
I stack sats. I've been doing this for a few years. Over time my bitcoin become more valuable. At some point I decide that I have worked enough and start living off my bitcoin. This way I distribute my bitcoin to other people. These other people may just be starting to stack sats. After they have done this for a few years, their bitcoin will increase in value. If at some point they decide to live off their bitcoin, they redistribute it to other people, etc.
This makes pension insurance superfluous. It also ensures a fair distribution of satoshis. And ultimately everyone gets what they have saved (or not) over the course of their life.