The statistics of death is; one out of one always dies. As a matter of facts, each passing day is a step closer to our graves. Some of us do not want to hear anything about death now. Most of us don’t want to die now. However, I believe %80 of dead people didn’t die because they wanted to die. Death usually takes us unawares. Since we are all going to die someday, it is always a wise decision to consider death in all our lives' activities.
The thread “what would happen to your Btc and Alts if you died today” was shared on bitcointalk.org and I think it would be useful to share similar post here as well. Because from feedback there, it is obvious so many people who have cryptocurrencies are not thinking towards that direction.
cryptocurrencies are real money
Have you ever thought about what would happen to all your possessions if you died? It is also time to start thinking about what would happen to your Cryptocurrencies if you died because it is also a part of your possessions.
I have accumulated some fractions of Bitcoin and a few Steem. I have never thought about what would happen to them if I died. If I died today, my entire cryptos would be missing. No one will be inherited, not because I have not tried to tell my family about it, but because they are not interested to know or have anything to do with it.
I want to ask you this; Are you in the same situation as myself? Do you have a family member who has constantly shown no interest when you try to educate him/her on Cryptos?
What is the next thing to do if no one close to you is interested in knowing about your activities with Cryptocurrencies?
Possible solutions
Here is a solution someone posted on the thread.
“I have all of my seed phrases, 2fa restoration numbers and passwords saved in Google Drive. Google, although I hate them, will be around forever. I have saved this in the cloud because if my house were to burn down, everything would be lost. Now I am not confident in the security of Google Drive so it is in a folder that is encrypted with Cryptomator. This is an open source program that works with both Drive and Dropbox”
However, if you have relatives that have interest in learning about cryptocurrencies, then it is time to start teaching them more about it and giving them hints on access to your coins should anything happen to you.
Since Cryptocurrency is a form of money and treasure we did some kind of work to earn, all the institutions hosting our coins should make a provision that will enable our loved ones have easy access/inheritance to it when we pass-away.
It would be great if you drop a comment on how you have made provisions for your Cryptocurrencies to be inherited if you die as this might be helpful to someone out here.
Of course, you are not going to die today. This is just a reminder of the inevitable. Have A Great Weekend! Reference: bitcointalk.org