RE: EOSIO Development Update - Multi Index API, Context Free Actions, and new Interpreter by voluntary-io

It's great to see constant progress on the EOS project. I cheer you guys since I found out about EOS. One problem strucks me though. How do we address inheritance in the crypto assets world? What about contracts with very long term execution delay which can be cancelled anytime before they're executed? Person could then open a contract to send assets to his dependents in a year time or so and such contract could be postponed indefinite amount of times so it's only executed whenever the sender stops renewing the delays, for example when he dies?

`author`	voluntary-io
`permlink`	re-dan-eosio-development-update-multi-index-api-context-free-actions-and-new-interpreter-20180216t173137430z
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@voluntary-io · Feb 16 '18 (edited)

Sample use case would be a scenario where a person enters an inheritance contract and dedicate percentage of assets held in his wallet to his dependents. Let's say 30% to his wife's wallet, 70% to his daughter's. Such contract could have 2 years curation period and would only get executed if not renewed during this 2 years period. Each renewal would reset the timer. This way, in the worse case scenario when the account holder dies or looses access to his wallet, maximum 2 years after that all the assets would get automatically distributed to his named dependents.

properties (22)