Quote from: favaro on Today at 06:02:22 PM

One of the greatest strengths of Bitcoin is that it allows individuals to take full custody of their wealth, no intermediaries, no gatekeepers, and no need for permission. But with that freedom comes absolute responsibility.

If you lose access to your private keys or recovery phrase, there is no support line to call, no way to reverse the loss. Your assets become permanently inaccessible, no matter how much they’re worth or how long you’ve held them. It’s a harsh reality. Many people in this space still underestimate until it’s too late.

As adoption grows, it’s crucial that we begin to talk more seriously about secure key management, inheritance planning, and realistic recovery strategies. Writing your seed phrase on a piece of paper and hiding it under your bed may not be enough. Trusting a single individual might also be risky. And for those with significant holdings, not having a plan in place could mean their family loses everything if something unexpected happens.

So I’d like to ask the community how you have personally prepared for the possibility of loss? Do you have an inheritance plan? Have you implemented multisig or other secure fallback systems?

These are uncomfortable conversations, but they’re necessary because Bitcoin won’t forgive a mistake, even if life does.

This is a very serious topic, one many of us have discussed about in the past and still discussing till date and yet, no lasting solution of final conclusion has been made or discovered, everything you have said is the truth, and how our families can take over our bitcoin wealth when something unexpected and unprepared for happens to us is something we ought to be thinking about each and every day that we wake up.

Early this year in the month of March to be precised, my brother died suddenly, he wasn't sick, no sign at all of such a thing coming, he simply woke up that Saturday morning, healthy and hearty, he prepared and went to work, about two hours later, we were called to come that our brother is dead, he didn't get involved in any accident, he simply slumped and died before help could come.
I imagined if he was a bitcoiner and help a good amount of money in bitcoin, how would we the family be able to access the funds when he has not revealed the keys to his bitcoin wallet to any one? This is the most scary part of bitcoin and crypto currencies in general.