Quote from: PottoBit on March 07, 2018, 01:22:25 PM

nice topic; at least right now there are a lot of transaction who were lost maybe either for a basic error like wrong typing an adress of a wallet. Is really hard to find a decentralized solution for solve these problems, but i'm pretty sure there are some dev who works on it

Quote from: bug.lady on March 07, 2018, 01:27:19 PM

thanks, yes in principle I thought about 4 pieces total. But look, if the secret you want to safeguard is a backup wordlist for your hardware wallet, then it is perfectly enough to have it divided into 2 pieces of steel with engraved information and have a working hardware wallet device as pieces number 3 and 4.

And you are absolutely right about the trust factor. But again, you could store one of the pieces in a safe and have a code for your safe deposited with your will in a sealed envelope with your lawyer. That way, neither your family nor the lawyer has all the info required.

Options are unlimited. The important thing is to have it thought-over really well and make sure, that your family is aware about your scheme.

Quote from: Ranly123 on March 07, 2018, 02:11:49 PM

When wallets are lost like your hard wallets or your cold storage then your crypto will be floating in the air like nobody cares what it was. Though in the case of death most probably you can have your last testament and give your wallets and passwords to someone you entrusted your wealth before you die so that your family will benefit on that crypto and your earnings.

A decentralized solution to program a transaction event is the smart contract. The issue is that all info is completely transparent, so should you want to encode personal info it instantly becomes public.
A solution would be separation of transaction data and sensitive info (heirs data, personal data) so that personal data could not be linked to the account and thus make it loose anonymity.

But is it necessary to have personal data on the blockchain if one (inheritant) could simply gain access to the main account if the donator hasn`t been logged in for lets say 1 year? Looks somehow similar to current lawyer solution (with death certificate being issued and some law stuff completed takes somee time) only no third party included.

However by using this type of account for everyday transactions you and youre family are kind of secure from the day you start to use it and dont have to postpone infinitely the awkward moment of making that will and communicating everybody or going to a lawyer.

What drawbacks do you see?