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Large exchanges handle this very simply: If they have the keys, it goes to the inheritor(s) once they get a court order. If they do not, it goes nowhere
by krageon 15d ago
Large exchanges handle this very simply: If they have the keys, it goes to the inheritor(s) once they get a court order. If they do not, it goes nowhere
- slipwalker 15d agobut what sort of people keep their bitcoins on the exchange ? the whole point is about not being seizable by dirty governments...
- lizardking 15d ago"Number go up" people
- debesyla 15d agoHype vibe investors, probably.
- pjc50 15d agoTraders; low information investors; people who are not 100% confident in their personal infosec and not willing to lose their bitcoins on their own. "Not being seizable" hasn't really worked out for bitcoiners who've been arrested. Or for that matter robbed at gunpoint.
- skinfaxi 15d ago> "Not being seizable" hasn't really worked out for bitcoiners who've been arrested. Or for that matter robbed at gunpoint. This seems orthogonal to the ability to seize assets.
- lowdest 15d agoThere are plenty of legends of old wallets "waking up" due to the person getting out of prison, as it seems the only plausible way someone can sit on 30 BTC for 10-15 years, through all the news and price movements, without touching it once. One would only expect to hear about the successful seizures law enforcement makes.
- LtWorf 15d agoPeople who want to be scammed.
- plopilop 15d agoPretty much everyone. There's a reason people lost money with ftx, Mt gox and other scams. Managing your private keys is cumbersome, error prone, requires some computer literacy, the list goes on. Tbh I have been kind of impressed by how fast L2 businesses brought back centralisation in every possible way. I guess it's more efficient for them. In the same way, the internet was supposed to be decentralised, everyone being in charge of their own servers. But in practice nobody has the time to set up their own MX servers.
- jubilanti 15d ago> but what sort of people keep their bitcoins on the exchange ? the whole point is about not being seizable by dirty governments... For most people, cryptocurrency is just another stock market / betting app.
- thesuitonym 15d ago> not being seizable by dirty governments If you believe that, I have some land to sell you
- ajkjk 15d agoMost people don't care about that at all