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54308161 No.54308161 [Reply] [Original]

If you guys want crypto to be adopted everywhere, the what happens when people die and they can't pass on their coins? It would get locked away forever, and if you leave a key then you'll get cleaned out early. If enough people die and lock away their coins then nothing would be available anymore.

>> No.54308176

smart contract wills powered by chainlink try to keep up junior

>> No.54308182

>>54308161
Dont ruin the illusion with facts.

>> No.54308183

>>54308176
Token not needed

>> No.54308198

>>54308161

>your bitcoin
>owning anything

kek

>> No.54308221

>>54308176
>>54308182
>>54308183
"Anon that will be a 10% gas fee to transfer your inherited tokens, and a capital gains tax of 25%, thanks for doing business with us"

>> No.54308243

<2060 AD. At the notary>
>'Oh wait, there's more. Uncle Anon bequeathed this to his nephew. There is a note: aych-ow-dee-el?'

>> No.54308255

>>54308161
That's bullish. Imagine a world with 90% of all bitcoins in dead wallets, never accessible again.

>> No.54308283

>>54308161
Literally nothing you wrote makes any sense.

>> No.54308345

many people alive today will not die for hundreds if not thousands of years

>> No.54308459

>>54308283
When people die, they leave access to their bank account to whoever they want. With crypto, you can't do this because you need a password. How would you pass on your coins after you die?

Is that better?

>> No.54308651

>>54308459
How is this a bad thing, that's supply dropping. That's very good.
As for how to pass down a password, every heard of keeping a piece of paper in a safe?

>> No.54309730

>>54308161
does it really matter?
I mean, money is for the living, it's not like I'm going to take a lot of stuff with me when I die, if I die tomorrow my shit on dext will be left as a memory of someone who tried, and that's enough

>> No.54309809

>>54308221
C Y B E R - D Y S T O P I A

>> No.54309897

>>54308161
perhaps more in the future you will be allowed to log in to that account with a fingerprint of your grandchildren kek

>> No.54309935

include the seed phrase in your last will
are you retarded or something?

>> No.54309947

>allowing anyone but yourself to benefit from your actions

>> No.54310012

>>54308161
The amount of Bitcoin you own is a direct reflection of two factors. A) Your production of value and B) Your common sense. You are way short on B.

>> No.54310189

>>54309935
>Lawyer reads over your will
>Sees the seed-phrase
>Kids try to cash out your coins
>All the money is gone
>"Sorry guys, looks like your dad spent all of it before dying, I don't know where it went"

>> No.54310267

>>54310012
>>54309947
>>54309730
Crypto only has value because people think it will be widely used in the future. If a large chunk of the supply disappears or is un-usable for various factors, then people won't want to use it then.

>> No.54310276

>>54308161
smart contract will.

>> No.54310297

>>54308161
Normies will store their coins in institutions. The point of crypto is to give you a choice, just like cash. You can hide it under your bed or turn it over to a bank.

>> No.54310299

>>54310189
Seal the envelope for each beneficiary. Record yourself sealing it. To the lawyer it's just a sealed letter.
You don't need to explicitly tell him it's a seed phrase.
OPSEC

>> No.54310322

>>54310299
each letter contains only 3 words of the phrase. your children must put them in order of favorite child to least favorite to unlock

>> No.54310342
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54310342

>>54308161
exactly.

less supply + consistent demand = higher price

>> No.54310465

>>54309935

Good thing crypto's are traceable especially if its public like bitcoin. No hiding from the tax man.

>> No.54310619
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54310619

Open two security deposit boxes. Put one half of your seed phrase in a sealed envelope in each box. Write in your will who gets the contents of those security deposit boxes.

Not that hard

>> No.54310649

>>54308161
Time release of keys which you update periodically. Idk. Talk to a lawyer. Spend it, don't die with it.

>> No.54311514

>>54310267
You still don't get it. Bitcoin doesn't need to be widely-used for the price to hit $60k. There's no asset with a better risk-return.