Hi,
Another question if I may and this relates to the concept of Bitcoin being a store of value. How do I pass on my Bitcoins to my next of kin? With cash, shares, property and most other assets I can put them into my will and upon death my solicitor can divvy out the goodies. As much as I like my solicitor I would never send him my Bitcoin wallet details as, given the nature of Bitcoin, he could very well siphon off my coins in a few minutes and I would have a hard time even proving he did it. I trust my family more than my solicitor but what's stop one of them doing the same? What If I too lose my marbles and cannot for the life of me remember my account/password details? What happens then? What happens to these coins that don't end up belonging to anyone?
Firefly.
Another question if I may and this relates to the concept of Bitcoin being a store of value. How do I pass on my Bitcoins to my next of kin? With cash, shares, property and most other assets I can put them into my will and upon death my solicitor can divvy out the goodies. As much as I like my solicitor I would never send him my Bitcoin wallet details as, given the nature of Bitcoin, he could very well siphon off my coins in a few minutes and I would have a hard time even proving he did it. I trust my family more than my solicitor but what's stop one of them doing the same? What If I too lose my marbles and cannot for the life of me remember my account/password details? What happens then? What happens to these coins that don't end up belonging to anyone?
Firefly.