Yesterday we saw the sad news about the death of one of our coopper member of the forum, that's @light_warrior, and while we condole and sourced for ways to support those that he has left behind, something came to my mind;
What happens to his account and portfolio in such an event?
This is really sad news that light_warrior leaves us so early. Maybe he had a lot more things to give to the forum.
But in this context, if you say what will happen to the account of Bitcoin Talk, such a question arose in my
mind last year, and I also opened a topic about it, and from there I learned that buying and selling an account in the bitcointalk forum is not illegal, but it is discouraged, I also think that in this case the matter is much the same.
But talking about Bitcoin as a portfolio, no there is no option for Bitcoin handover or insurance. But what you can do for your future generations is to follow this method(
Using Locktime for inheritance planning, backups or gifts) and send them Bitcoin as a gift. Moreover, once the private key is lost, the wallet will be lost for ever. You know na "Not your keys, not your coin."
Except for on rare occasions, people do not get to know for sure when someone passed away out of those with an account on the forum. As far as I’m concerned, I’m of the opinion that every account should be personal (*), and that there is no point in considering passing on the account to other members of the family – there certainly won’t be a procedure to do so from the perspective of the Forum (imagine needing to forward and deal with death certificates and so forth).
An account is not a milking active to pass over to other generations, and even if people did do so by passing on the credentials in some pre-planned manner, it’s pretty likely that someone will spot a complete change in posting style that may lead to some awkward situations at some point. Of course there is no impediment for someone to plan ahead and come accross their own account’s inheritance plan, but it doesn’t seem like something that would come as very top of mind thing when planning ahead for these events. In any case, I’d equate it pretty much to a bought account.
(*) There may be some exceptions, namely real business fronted by a given account which could merit a consideration, but likely all falling on the shoulders of the implied, with cero Forum implication.