inheritance service? think about your childrens - page 2.

Pearls Before Swine

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Quote from: DieCommieScum on October 19, 2017, 01:26:54 PM

I've given thought to this as well, some sort of multi-sig solution with a deadman switch where you can also provide your family with instructions.

Quote from: Emoclaw on October 19, 2017, 01:24:43 PM

There's absolutely no such need for a service for such a simple problem. How can you trust a centralized entity to give your Bitcoins to your family upon death, when you can't trust your family with your wallet?
It's completely useless, just ensure that they have access to your private keys.

No reason it can't be a dApp... and by your logic no one would write a will because everyone's family would already have free use of their stuff.

Right, but that's exactly what wills are for, and a will with the private keys
and instructions as to who gets what is all that's needed. There doesn't need to
be a service for this, which would probably be a scam anyway. If you write a will,
that's all you need to do.

bitcampaign

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I do not think the need for inheritance services, all we need is how we can educate children when they learn enough to reveal our personal secrets as we go, and our children can open access our secret wallets and take what we left behind. So the child can feel the result of the bitcoin we leave behind

Harlot

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There will be no such thing as an inheritance service. Because a last will and testament can exactly do what you are saying. A last will of a person is the best way in which your heir can inherit the things and properties you have left when you are still living in this world. And to answer your question, no the Lawyers who will be taking care of your Bitcoin wallet when you are dead don't even have to know the passwords of your wallet, they can even just instruct your heirs on how to operate the Bitcoin wallets themselves.

SimonJones

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That's something to think about in the future when Bitcoin gets into the mainstream. At the present it seems like there will be no takers for such a service.

InvoKing

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Quote from: jonathan6655321 on October 19, 2017, 01:22:07 PM

what do you think about inheritance service? if something will happen what will your family do with your bitcoins? do they have access to your wallet? do they even know what bitcoin is?
I really think that there is a place for inheritance service in the near future

Put the private key in a box (write a will) and an ELI5 guide. Tada!
It is just like having money in a bank, in a virtual card,etc...

fiulpro

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Hey
No one in my family knows about my private key and everything else, bitcoins is something that they know about for sure.
Inheritance service in Bitcoin world is something that will for sure be officially given a place and accepted if bitcoins continue to flourish, also even now non officially you can give the key to your family members and friends and no one will ever ask you if you wrote about bitcoins its key and wallet in your last will, because you can write anything you want the others to have... Bitcoins are no big deal so even now if you want to you can do that too.

jrobi4life

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We will. We will. Block chain. Block chain.

Quote from: jonathan6655321 on October 19, 2017, 01:22:07 PM

what do you think about inheritance service? if something will happen what will your family do with your bitcoins? do they have access to your wallet? do they even know what bitcoin is?
I really think that there is a place for inheritance service in the near future

I can definitely see a use for it but it would have to be something totally decentralized. Perhaps a service that you tied to a second bitcoin address to that you give the beneficiary access to. The bitcoin inheritance service could have some type of logic bomb where if the account was not accessed for X number of days it would automatically transfer the funds to the the address your family had access to. Could also be done with a regular bank account integrating something like the Coinbase API

neurotypical

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Quote from: Emoclaw on October 19, 2017, 01:24:43 PM

There's absolutely no such need for a service for such a simple problem. How can you trust a centralized entity to give your Bitcoins to your family upon death, when you can't trust your family with your wallet?
It's completely useless, just ensure that they have access to your private keys.

This. Im not sure if I will have kids yet so that's not a problem so far. As far as my family goes, I think it's all our case the fact that none of our family members has any idea of what bitcoin is, let alone how in hell enter your password in your bitcoin core node and take control of the keys (and most importantly, kept them safe). Telling someone else to do it for you is a recipe for getting your BTC stolen from your family.

Honestly, I don't even want to think about it. Im still young and I hope I can retire with my BTC, im not thinking about inheritance but how to make more BTC.

DieCommieScum

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I've given thought to this as well, some sort of multi-sig solution with a deadman switch where you can also provide your family with instructions.

Quote from: Emoclaw on October 19, 2017, 01:24:43 PM

There's absolutely no such need for a service for such a simple problem. How can you trust a centralized entity to give your Bitcoins to your family upon death, when you can't trust your family with your wallet?
It's completely useless, just ensure that they have access to your private keys.

No reason it can't be a dApp... and by your logic no one would write a will because everyone's family would already have free use of their stuff.

Emoclaw

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There's absolutely no such need for a service for such a simple problem. How can you trust a centralized entity to give your Bitcoins to your family upon death, when you can't trust your family with your wallet?
It's completely useless, just ensure that they have access to your private keys.

jonathan6655321

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what do you think about inheritance service? if something will happen what will your family do with your bitcoins? do they have access to your wallet? do they even know what bitcoin is?
I really think that there is a place for inheritance service in the near future

Topic: inheritance service? think about your childrens - page 2. (Read 402 times)