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regarding number 2, the child would not have a way of selling that Ethereum before 2035.
by ringaroundthetx 9y ago
regarding number 2, the child would not have a way of selling that Ethereum before 2035.
- hhmc 9y agoCan't they just sell access to their address?
- Joeboy 9y agoOne way or another I'd rate the odds of their still having access to that address in 2035 as pretty low. Realistically anything that requires people to have decent data management / opsec is going to fail for >99% of people.
- ringaroundthetx 9y agoThey could but the buyer would not have assurance that they are the only one with the private key and therefore likely wouldn't do it.
- logfromblammo 9y agoThey sell the proof of identity or authentication information that is used to associate a person with an Ethereum account to someone else, out of band. Ethereum only knows the address to send to, and has no idea who or what is behind it at the time. If the beneficiary dies before 2035, their heirs will collect, for instance. It is pretty simple to do a TVM calculation to determine the current value of a future benefit, and without all that legal-system stuff that is being bypassed through use of smart contracts, the intent of the trust creator can be more easily bypassed.
- alexasmyths 9y ago" the child would not have a way of selling that Ethereum before 2035" In 'no legal land' it would be easy enough to sell a bunch of 'locked until 2035' etherium - wrapped in another ether contract like a future or something. Much the same way lottery winners who get an annuity instead of a lump sum can then sell that annuity for a lump sum.