I have come to stay in this community and thought of one thing which has been bothering me.
Relating from our traditional banks where a bank customer dies and all his assets remains unclaimed by his relatives. I was once told that there was a bank manager who withdrew funds from there customer dormant accounts hopefully that the owners are dead as those account has been dormant for years without any form of activity on the account, it happens when no relative knows about the account for them to lay claims.
Similarly to bitcoin what happens in the event of my dismissal since no relative knows about my investment. It doesn't really make sense if my family can't enjoy my wealth. Will it be lost or is it good to entrust someone incase I'm no longer there?
This is one of the biggest problems in using cryptocurrency. The confidentiality and anonymity of cryptocurrency is both its advantage and disadvantage. Our nature is such that we rarely take steps in the event of our death, especially if we are not of advanced age. Therefore, we must take care of such a situation in advance, or act at our own peril and risk. But no matter what we do, a lot of cryptocurrency will disappear forever due to the death of their last owners.