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.
When we have entered the crypto world then everything must be ready. In the sense that whatever the risk we will accept. But remember ikat also has an understanding so trying not to lose is one of the efforts. If we have tried and still lost then at least we have anticipated the bad events.
What is certain is that there are certain steps we can take.
Like not storing in one wallet, using multiple sig, not storing all assets in crypto, Using Ledger, Back up pasword and more. Of course we have anticipated and if it is still lost then it is indeed not ours anymore, what is certain is that we have tried to save assets with our best efforts. And I have done that too.