So nobody will be able to recover them if you are hit by a bus or develop dement... | Hacker News

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		bhaak on Sept 16, 2024 \| parent \| context \| favorite \| on: Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) wi... So nobody will be able to recover them if you are hit by a bus or develop dementia? This problem is harder if you want to pass on your crypto after you can't use them anymore.

EGreg on Sept 16, 2024 [–]

That's exactly right

If you want to enable recovery, you should give ownership of things to smart contracts, which enable things like succession rules and a heatbeat checkin etc.

Public/private keys are not designed to solve that kind of governance problem.

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