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.

Interesting post

If you died and no one did not know what is your private key then probably your bitcoin will stuck on your wallet and it will not go somewhere. If you tell someone about your private key then they can open and use it.

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.

When you die without a contingency plan, then you're screwed!

I've read about a Medium article about a year ago about a solution for this. Is it a good solution though? You decide. I'll edit my post with the link after I find it.

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EDIT: Here it is: https://medium.com/@pamelawjd/letter-to-loved-ones-a-template-for-your-crypto-estate-planning-4ee0975434e4

Having something terrible happen to me and my family not knowing how to find my seed words has been one of my biggest worries. My particular problem though is also that my family doesn't really know what bitcoin is, and they don't really care. Any detailed instructions I write, I need to write down on paper, but that could get lost in a fire or some such. If I put instructions on my computer or in the cloud, they could be found by a hacker...but more than likely no one in my family would even bother to look lol.

 When you die , everything else will be remain at the world , except you, of course we all know that you are not going to take it with you ,  so maybe if there is chance, you can leave at your friend or at some family member , so he/she can look after your crypto .....