Protecting Your HODL Legacy: Shamir Backups And Inheritance Planning
Awareness of one's own mortality is a sign of maturity, as is the recognition of the critical importance of securing one’s bitcoin.At the height of the 2017 bull run, I came across a sobering post. It went something like this: there was a young man who acquired about 20 bitcoin early on. As the price went from $1,000 to almost $20,000 over the course of 2017, he felt rich beyond his wildest dreams and decided to travel a bit. At one point he was in Mexico in a nice hotel and partied by a rooftop pool. Things got out of hand, then he fell down to the street below and died. The author of....
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On this episode of "Meet The Taco Plebs," Indian Hodl shared his story of finding Bitcoin, opting out of the fiat system and what he'd like to work on in the future. The post Interview: Protecting Our Savings In Bitcoin With Indian Hodl appeared first on Bitcoin Magazine.
Binance founder and Chief Executive Changpeng Zhao says the crypto world has an inheritance problem that’s yet to be solved, and argues that DeFi will not see mass adoption until it comes up with a solution. Crypto inheritance is certainly a major headache for anyone who possesses significant digital assets, but it’s not the insurmountable […]
Serenity Shield, a non-custodial crypto company launches to solve the inheritance issue across the cryptocurrency community. Serenity Shield is launching in a bid to provide users with a non-custodial private key inheritance and a blockchain wealth management system. Announced in April, the platform will “focus on very real issues of managing large sums of wealth […]
After arousing confusion with incomplete communication and forced liquidations on lending contracts, Hodl Hodl explains what happened.
Are crypto inheritance solutions a centralizing force? To some, yes, but to others, decentralized solutions are out there. Self-sovereignty is a core principle in the cryptocurrency space: Investors need to rely on a trustless, decentralized network instead of a central entity that has been known to devalue the holdings of others. One shortcoming associated with self-sovereignty, however, is inheritance.An estimated 4 million Bitcoin (BTC) has been lost over time and now sits in inaccessible wallets. How many of those coins belong to HODLers who passed away without sharing access to their....