There is a project that allows you to make a will and dispose of your crypto-currency assets. This is based on smart contracts. Smart contracts control the fulfillment of your will. So at the moment it's not a problem.

Silly question right?
Unless there is a backup method or heritage system it obviously vanishes for eternity, but the point was to discover methods that you are aware for avoiding such risks.

Well, it's not a risk, it's a certainty, but there are other risks of losing access to the crypto account aswell.
Some like:
* death... obviously
* house burns down along with hard wallet
* one can accidently loose his cold storage or hard wallet
* maybe other you figure out and I add them

So, what storage do you use to ensure your savings, or what do you think would be the best solution to overcome these risks?


UPDATE: I started this discusion because I can't see a decentralized solution for that, most of the centralized ones are largely known (wills at layers, online wallets and so on) but do not meet the security criteria as still imply a trusted party. Better simply handover the private key directly to the inheritant IMO.

What I want to determine is if it IS realy a concern for the comunity or not, and if yes than we can contribute all together to the creation of a such product. But again I realy do think it should be built decentralized and trustless.

Unless you take the time to write your own testament, to assign who gets a share of your crypto balances, they'll be lost if you tell me. Since nobody controls decentralized cryptocurrencies like Bitcoin, it's impossible to revert transactions, or recover keys in case of a loss since there's no middleman. That's bad in the sense that none of your family members would be able to get access to your coins if he/she doesn't have access to the private key.

As such, I think that there should be a feature where it could be possible to detect the death of a person and distribute the funds to the owner’s family members. Perhaps it's not possible with Bitcoin and other cryptocurrencies which are based on its codebase, but it could be possible with a smart contract. Therefore, you should take the necessary precautions to make your own testament indicating who gets access to your crypto funds and leave them on a safe place where he/she could find it.

I am not to sure how it should be save unless you have back up that you entrusted to your love one's before you died in unexpected day. On that you will save your earnings token and your family can use your hard work and efforteven you are not around still your responsibility is alive.

Have your information somewhere where family can find it. Better still, why not share with a trusted someone? They cannot go behind your back with this.