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Couldn't this whole scheme be developed in totally decentralized fashion using bitcoin, ethereum or similar? Would be quite a good idea.
by repomies691 10y ago
Couldn't this whole scheme be developed in totally decentralized fashion using bitcoin, ethereum or similar? Would be quite a good idea.
- orblivion 10y agoI was about to say something about needing an enforcement body of some sort. But then I realized you could literally use a dead man switch.
- fragsworth 10y agoCouldn't the members could write a script (or even just have a friend) that keeps them "alive" forever?
- allemagne 10y agoMaybe using some form of biometrics. Or also hiring some sort of private investigator who would keep track of everyone in the tontine primarily via social media and sometimes by physically checking on them. I'd imagine it would be impossible to get around this problem completely though.
- fragsworth 10y agoProbably not, because keeping a trusted account of the alive/dead status of each member doesn't sound feasible.
- Jtsummers 10y agoA potential method would be some sort of "still alive" signal. If it isn't received after X years (how many years missing before you're declared legally dead?), the system would stop paying to your account. This doesn't prevent others from obtaining your credentials and maintaining your account (see people not reporting deceased family members to keep their social security checks).