in Link Post

Inheritance Planning for Cryptocurrencies

Source: Pamela Morgan @ medium.com

I think one of the big issues with cryptocurrencies is the tension between these two facts:

  1. If someone gets hold of your keys, they can steal your currency. You have no means of redress. Hence you must secure your keys;
  2. If you somehow lose access to your keys, you can never access your currency. Again, you have no means of redress. Hence you require a means of penetrating your security.

This article adds an interesting third point of tension: there are circumstances under which specific other parties should be able to circumvent your security. If not: what your descendants inherit isn’t your currency, it’s fact two from above. And if you handle this unwisely? They inherit fact one.