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Well, that would be stupid from your part if you kept wealth that should be inherited in Bitcoin-form, not a Bitcoin shortcoming. Just like it is not a shortcom
by ravingraven 7y ago
Well, that would be stupid from your part if you kept wealth that should be inherited in Bitcoin-form, not a Bitcoin shortcoming. Just like it is not a shortcoming of cash that you can bury it in a hole in the desert and tell no one about it and expect it to be inheritable.
- wpietri 7y agoThinking you will know the day and hour of your death is extremely bad estate planning. Any wealth is potentially inheritable, because you can die at any time. (And yes, that is a shortcoming of cash. Which is why we've invented other ways to store value, and approximately nobody stores their money in random holes on other people's property.)
- wgerard 7y agoUh I mean, not that I'm a cryptocurrency enthusiast by any means, but wouldn't prudent estate planning include a prepared will or some sort of next-of-kin document that includes a mechanism for access to your accounts/passwords/passphrases?
- deleted 7y ago[deleted]
- alwillis 7y agoThere’a an app for that: https://keys.casa/bitcoin-inheritance-plan/ https://keys.casa/bitcoin-inheritance-plan/
- ravingraven 7y ago>Thinking you will know the day and hour of your death is extremely bad estate planning. I never claimed the contrary. The prudent thing to do is to use Bitcoin for its intended purpose: electronic cash. Convert from fiat to crypto as needed, not as a store of value.