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RE: Hardware Wallets Are Overrated

in LeoFinancelast year

Interestingly enough Hive has a potential solution for end of life transfers as well.
Given a certain trigger an automatic powerdown could be started and the vesting route changed to the beneficiaries.

The trigger could be something as simple as:

If this account hasn't transacted in 12 months powerdown to XYZ accounts.

Hive really is ahead of the curve in a lot of these regards.
Something like this also stops a user from accidentally losing their keys and all their money along with it.

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That is an interesting idea.
I don't even think it would take hard fork.

I like the idea of "powering down" because, it alerts you that the thing has triggered, in case you just spent the last year in the Congo, or under a rock, and forgot, so you can correct it without losing everything.

The addition of named accounts solves a lot of problems, except anonymity.

Compared to HIVE, bitcoin is really in the stone age. And i am thinking that bitcoin will stay in the stone age. When you have something that is basically the savings account of the world, you want it slow and hard to work with. Lightning or Litecoin will handle the real transactions.

Yep

If you care about anonymity the accounts in question could be proxies who's only purpose are the transfer the wealth. Then it's just a matter of bridging that wealth to a privacy solution.