Can we hand over the account password and private key to access our Bitcoin wallet from now on?
Again, no one is handing over their private keys to children,
You are quite wrong about that. Their are even systems designed for the purpose of facilitating this—although not nearly enough, in my opinion. There are security engineering tradeoffs between conveying private keymat directly, and other methods. The only way to convey a wallet indistinguishable from other wallets on-chain is to convey the private keys.
Although some Bitcoiners are long-term thinkers with plans for their heirs, a disturbingly high proportion are hyperindividualists who do not think of what comes after them. (I have posted about this before, but cannot now find what I wrote due to this forum’s faulty, unreliable search function.) When they die, their coins remain forever frozen on the blockchain. The hype about “the greatest wealth transfer in history” is mostly nonsense, for in practice, most of the transfer is ephemeral: Most real wealth will revert to the prior economic incumbents within a generation (and probably sooner), by various routes including this one.
I have been thinking about this for a long time...
and imo, no one should ideally be handing down their account password. Social platforms are not heirlooms which gets transfered or inherited.
In the context of condemning account sales, I think that I have said somewhere that the only circumstance in which I may convey access to my forum account would be to an heir.
For heirs to inherit their ancestors’ reputations was customary throughout all of history before modern times: Indeed, it may even be said that the study of onomastics is the study of the nexus between identity, reputation, and familial continuity. The various traditions in different cultures for surnames is partly based on the ideal that descendants inherit and carry forward a name. This tends to be a larger factor in the upper classes than in the lower classes—a distinguishing mark of social class used to be a detailed knowledge of one’s ancestors more than two generations in the past, and the carrying on of their traditions; nonetheless, even for commoners, the customs of patronymics (or in some cultures, matronymics) attest the importance of carrying on the reputation of one’s ancestors. In the upper classes, even up to royalty—or even in the degenerate modern “upper” classes, a designated heir oft even receives a name fully identical to an ancestor, with a number appended. For a degenerate modern American example,
vide William Henry Gates III (the full name of Bill Gates, the founder of Microsoft Corporation).
To deny the inheritance of names and reputations is hyperindividualism tantamount to sociopathy. I absolutely reserve the right to designate a Nullius II, the titular “nullius”, with Bitcoin Forum uid 976210, if I see fit. And in a cypherpunk world, theoretically, nobody needs to know. If, hypothetically, I were to have a series of heirs who, by genetics and tutelage, evinced style and substance indistinguishable from mine, then at least in theory, the same apparent “nullius” could be posting here long after the block reward ends, with perfect continuity. It is unlikely in practice—but it is theoretically possible.
A bigger question is how much of long-term thinker theymos is. When I clicked on this topic title, I expected a post about the future continuity of the Bitcoin Forum itself. Cypherpunks didn’t last, despite attempts to carry it forward to this day with cpunks. I am pessimistic.