I think I also heard similar services making sure that Bitcoin left by the deceased can be transferred peacefully and conveniently to the rightful heirs. Well, we will die anyway so why not get prepared for it as we do not really when we can be taken away. This story is illustrative of the problem when there is no proper strategy on the eventual passing of the cryptocurrencies left behind:

"Michael Moody, a 26-year old who died in a tragic plane crash in Chico, California in 2013. Before his death, Michael was a Bitcoin miner, in the words of Michael’s father, “my son was actually one of the earliest people to mine it. He used his computer at home to mine bitcoins when you actually could do it that way, and he had a few, we think.” Two years after the crash, the father started exploring ways to retrieve Michael’s cryptocurrency assets. He has succeeded in piecing together information about his son’s stash of Bitcoin, but he been unable to access his crypto wallets because of the decentralized nature of cryptocurrencies."

I am sure that Casa is providing a very good service worth looking at. I also saw similar service providers like TrustVerse with its Proof-of-Death which can a little bit spooky, Safe Haven and DigiPulse. Whatever can be the choice, we are assured that our digital assets and the hard work we put into them will not just evaporate like nothing when it is the time to say goodbye.

People had that idea before and not based on multisig transactions but on dividing the private key or seed phrase into 2 or more parts and giving each important member of your family one part. This way they will not steal from you but if you die they will meet up and combine it all to recover and divide your coins.

With all these options there's a possibility that one person will lose their part or die and they will all get nothing.

I've read the article and we all know that all funds can only access through private key, we should have something like, there are some holders who made their inheritance to relatives that are away from their location and some who do not know anything in Cryptocurrency, but this kind of service should be regulated to avoid exploitation of the owner's private coin, anyway it's on the contract that's going to be multi-sign and under supervision by lawyers but better by a court.

All I know is, I am not going to trust my private keys to a startup. And I believe, that is also the sentiments of most of us here who invested much on their bitcoins.

let's break this down.

the inheritance protocol employs casa's "3-of-5 key shield" setup (it adds one additional key), which is only available at the platinum or diamond levels. platinum costs $150 per month and diamond costs $420 per month! https://keys.casa/keymaster/

it's also an elaborate setup that's supposed to survive legal channels---last will and testament, estate lawyers, probate court:


you trust casa to secure one key (hopefully they'll still exist decades from now) and you trust a bank to secure another.

for a trustless (and free) approach, i prefer the idea of using locktime for inheritance: https://bt.irlbtc.com/view/5180850.0

and of course, if you trust your heirs, none of this is really necessary. you can give them access.

I'd rather have someone create a smart contract that sends my family my belongings once it is presented with a certificate of decease authorized on blockchain. Or create a company that has a bitcoin address in its propriety and have a contract that stipulates that once I die the private keys to the address will be sent to my family and how the bitcoins will be distributed between my relatives.

Why go through all these hassles? The third key will be held by Casa and the other key will be kept with a lawyer and you need three out of six keys to have access. What if the lawyer could not be contacted or something went wrong with Casa's inheriting service. All these would just go in vain. Just like the other user suggested. Put the seed on a bank safebox along with instructions. Then write a will. It is this simple lol.

Think multi sig systems would be the only and best ways for wills and interitances to be formed. Other ways like giving someone/hiding your private keys are just too risky.

So, I am assuming it's a 3 man system and they need all 3 keys to open the wallet? The company has one, and the person has one and the heir has another one. When the person dies, the heir gets 2 and is able to cordinate how to open the wallet with the inheritance company.

Interesting concept. Problem is I wonder if crypto-currencies will be alive for another 60-80 years. Tech is moving very fast nowadays.

You will only be putting your funds at risk. It's really hard to entrust your private keys nowadays especially with services like that. I guess entrusting it with your most trusted person would be better. I'd rather share my wallet information with my partner so I will be sure that my earnings would go to my loved ones no matter what happens to me in the future. It's better to have assurance than put my funds at a big risk.

This is great news since it solves one of the problems of cryptocurrency and proves that bitcoin can also offer what banks nowadays could offer. However, we should make sure that the company is trustworthy, give them time to prove themselves, and prevent being scammed since they'll be responsible to our wallets and private keys. If deemed to be successful, this could pump the market, and maybe attract more investors since worries about losing bitcoin would lessen.