Re: Binance's will function after death... Perfect for bitcoin
~snip~
Well, Binance founder CZ has suggested a function to be used in binance where one can set up a will and put in a contact to which the coins will be given to after you have passed. Either the coins will be passed to your trusted person if the account is inactive for a specific amount of time or your family can submit a death certificate. This sounds to me a fool proof function. Could there be downsides to this function?
Well, Binance founder CZ has suggested a function to be used in binance where one can set up a will and put in a contact to which the coins will be given to after you have passed. Either the coins will be passed to your trusted person if the account is inactive for a specific amount of time or your family can submit a death certificate. This sounds to me a fool proof function. Could there be downsides to this function?
How long have you been on this forum without realizing the drawbacks of custodial wallets (CEXs)? I wouldn't give that criminal 1 satoshi to keep for me, but you and those who admire him for some strange reason should definitely do it.
The man who thinks that 99% of crypto currency users are literally stupid and that they will lose everything sooner or later is really a true role model for all who admire him - send him your coins today because they are the safest there
Quote from: https://decrypt.co/117214/99-people-will-lose-crypto-storing-self-custody-binance-ceo-changpeng-zhao
Binance chief Changpeng "CZ" Zhao has suggested users are more likely to lose crypto by holding it in a cold wallet than by putting it on a centralized exchange. “For most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it,”