Post
Topic
Board Beginners & Help
Re: Technology Disaster
by
RodeoX
on 27/07/2019, 14:27:09 UTC

...
What if the person holding private key is dead or met with an accident and lost memory or the person gets Alzheimer?
...

I think your fears are well founded. This could happen even if the user has multiple wallet backups. One might consider writing a letter explaining how to get access to their bitcoin, then keeping it in a safe deposit box. In the event of death or incapacitation the box will be opened by the executor who will then be able to recover the funds.