How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency? by sankysanket18

View this thread on: hive.blog | peakd.com | ecency.com

quello · @sankysanket18 · Jun 7 '20 (edited)

$0.26

How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency?

Just witnessed a road accident while travelling from work.


Forced me into thinking if I died today no one among my loved ones will come to know about my crypto investments. 

![testament1183175_1280.jpg](https://files.peakd.com/file/peakd-hive/sankysanket18/33NRrQtL-testament-1183175_1280.jpg)



As for my Mutual Funds, Bank accounts and other assets I already have nominees among my family members. 

But how can we make sure that even our crypto also has **inheritance**? 

How about including crypto keys in one's will? 

Has anyone thought about it?  




#cryptocurrency #inheritance of #cryptowealth 

Source for Pic :[Pixabay](https://pixabay.com/images/id-1183175/)

👍 tobias-g, sankysanket18, nainaztengra, ctime, okean123, digital.mine, culgin, marki99, enn0, dijin, onepercentbetter, avisk, plex-ga, steem-oracle, mrshev, xbee, detro10, merlion, hungrybear, luckyfellow, sohamghai

properties (23)vote details (21)

voter	rshares	pct
okean123	97,058,075,292	100%
luckyfellow	10,133,298	100%
avisk	1,192,857,462	100%
nainaztengra	131,407,133,331	25%
sankysanket18	140,508,068,708	100%
enn0	6,846,167,729	100%
culgin	30,907,104,713	25%
tobias-g	312,065,675,507	55%
onepercentbetter	2,288,095,966	1%
mrshev	546,458,553	25%
merlion	300,777,455	1%
digital.mine	70,357,854,500	0.3%
plex-ga	991,564,935	100%
steem-oracle	608,110,039	12.5%
marki99	8,845,648,219	10%
dijin	2,643,394,594	100%
ctime	113,516,514,328	1%
hungrybear	19,312,199	1%
detro10	319,525,375	100%
xbee	442,137,012	50%
sohamghai	0	100%

@badpupper · Jun 9 '20

$0.04

How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency?

You could probably write it into your will and add instructions on how to use it.

👍 sankysanket18

`author`	badpupper
`permlink`	szxuxxo
`category`	quello
`json_metadata`	{"app":"quello/1.0","format":"markdown"}
`created`	2020-06-09 01:59:54
`last_update`	2020-06-09 01:59:54
`depth`	1
`children`	0
`last_payout`	2020-06-16 01:59:54
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.019 HBD
`curator_payout_value`	0.019 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	81
`author_reputation`	70,164,054,253,357
`root_title`	"How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	97,855,357
`net_rshares`	146,728,981,735
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
sankysanket18	0 B		146,728,981,735	100%

@botefarm · Jun 9 '20

$0.04

How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency?

i think its time Crypto project comes up with solutions yo this, a kind of smart contract yhat exist ss a will for the loved ones.

👍 sankysanket18

`author`	botefarm
`permlink`	ieccteza
`category`	quello
`json_metadata`	{"app":"quello/1.0","format":"markdown"}
`created`	2020-06-09 04:53:27
`last_update`	2020-06-09 04:53:27
`depth`	1
`children`	0
`last_payout`	2020-06-16 04:53:27
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.020 HBD
`curator_payout_value`	0.020 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	130
`author_reputation`	105,906,511,093,744
`root_title`	"How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	97,857,085
`net_rshares`	150,316,488,005
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
sankysanket18	0 B		150,316,488,005	100%

@marki99 · Jun 9 '20

$0.04

How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency?

First of all, your keys should be in a usb for maximum security. Show the usb to your relatives without giving them access to it, either by hiding it or by placing it somewhere safe. 

Then explain that in case you die, your crypto keys will be in there. Ideally you could teach them how to use them, but yeah... not simple.

👍 sankysanket18, stimialiti

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
stimialiti	0 B		12,984,905,046	100%
sankysanket18	0 B		153,177,329,047	100%

@sankysanket18 · Jun 9 '20

How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency?

Yeah nice suggestion... Been thinking on the same lines too. 
Store all private keys on a dedicated pendrive and name it's owner in the will. 
Also add a pdf file explaining how it all works properly.

properties (22)

`author`	sankysanket18
`permlink`	vdineaff
`category`	quello
`json_metadata`	{"app":"quello/1.0","format":"markdown"}
`created`	2020-06-09 09:48:48
`last_update`	2020-06-09 09:48:48
`depth`	2
`children`	0
`last_payout`	2020-06-16 09:48:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	201
`author_reputation`	588,376,653,100
`root_title`	"How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	97,860,447
`net_rshares`	0

@vimukthi · Jun 7 '20

$0.03

How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency?

I would say a paper wallet made to be fireprrof, waterproof etc. Would be a great way. Your relavites/loved ones could figure out enough about crypto without messing anything up. It is not unreasonable to think that a non crypto savvy person would mess up with a a hardware wallet or app.

You can see some reccoemndations here: https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test--part-ii-/

👍 sankysanket18

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
sankysanket18	0 B		99,245,943,451	73%

@sankysanket18 · Jun 7 '20

How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency?

Have gone through the link mentioned in the answer. 
I am amazed that such devices exist, thanks for sharing the information.
I am going to do some research on the topic and then only form an opinion.

👍 vimukthi

`author`	sankysanket18
`permlink`	ariiujcs
`category`	quello
`json_metadata`	{"app":"quello/1.0","format":"markdown"}
`created`	2020-06-07 13:22:54
`last_update`	2020-06-07 13:22:54
`depth`	2
`children`	1
`last_payout`	2020-06-14 13:22:54
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	201
`author_reputation`	588,376,653,100
`root_title`	"How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	97,823,692
`net_rshares`	34,992,134,817
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
vimukthi	0 B		34,992,134,817	20%

@vimukthi · Jun 7 '20

Best of Luck!

properties (22)

`author`	vimukthi
`permlink`	re-sankysanket18-qbk93r
`category`	quello
`json_metadata`	{"tags":["quello"],"app":"peakd/2020.05.5"}
`created`	2020-06-07 14:47:51
`last_update`	2020-06-07 14:47:51
`depth`	3
`children`	0
`last_payout`	2020-06-14 14:47:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	13
`author_reputation`	491,455,896,881,012
`root_title`	"How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	97,824,904
`net_rshares`	0

@yangyanje · May 27 '21

$0.10

This is so kind of you to think about your family. I have saved and hidden some investments for my sister and made sure only she can find the keys in case something happens to me. I like little puzzle pieces, in case someone finds the trail. It's also cool that people might find out there was more about people like us than meets the eye.

👍 sankysanket18

`author`	yangyanje
`permlink`	re-sankysanket18-qtrdes
`category`	quello
`json_metadata`	{"tags":["quello"],"app":"peakd/2021.05.4"}
`created`	2021-05-27 09:08:51
`last_update`	2021-05-27 09:08:51
`depth`	1
`children`	0
`last_payout`	2021-06-03 09:08:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.050 HBD
`curator_payout_value`	0.050 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	342
`author_reputation`	63,312,464,250,136
`root_title`	"How can we give control of our crypto keys or wallets to our closed ones in case of an untimely demise? Especially if they have absolutely no idea how to transact cryptocurrency? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	103,962,485
`net_rshares`	250,307,737,770
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
sankysanket18	0 B		250,307,737,770	100%