Dead Man Switch
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How to save your crypto when you dieIn the next 100 years or so we will all die and this is one of the two facts of life we have to accept. This creates an awkward problem, since in crypto you are responsible for your funds, if you die your crypto will die with you.Is there a way to recover your funds once you are no longer around?A common solution is to setup a dead man switch. Remember the 108 minutes count down timer from the TV series #lost? This is a dead man switch. As long as it is pressed by the operator in a timely manner, everything remains as is, but if it is not pressed on time, then some event is triggered.In the crypto context the idea is to use a reverse multi-signature transaction which transfers all your funds to your beneficiary’s account, but only if it is not approved (...)