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While thinking about where will our Cryptocurrencies will go if we die suddenly? I guess locked!

Then, I just found this ICO “SafeHaven” this is basically something that I always worried about. When people die, it’s usually their will that’s used to divide the property and all that, but what happens with the online money?

I mean the Cryptocurrency! Mostly, we see people not sharing it with anyone and if there comes a sudden dreadful day, then it’s all over. It is certainly ALL over, but what about our family? Won’t they be losing out what we made? These things were what I always thought and always have notepad saved on my desktop for SUCH day!

But perhaps now this thing SafeHaven is very interesting. They have basic concept through which we will basically be creating online WILL type with their structure, so we basically secure our family’s future even if we are not there ANYMORE. The detailed stuff is present on their website, so it will be better to look there.

Ultimately, I like you guys to tell me whether is this worth to use and secure? Will really welcome your views…. Thanks

https://www.safehaven.io/

They have telegram as well where I am already joined and have asked many things regarding the project. https://t.me/SafeHavenio

If the way things are going, there may come a day when there will be a Crypto to send us to Hell or Heaven  ;D

Anyway… Jokes apart, it looks very decent project. But, will take some time to get inside it to know how good it is exactly. But yes do have unique concept.

Is there a bounty program?

I don't know about Hell or Heaven but this is something that we need to take SERIOUSLY! It is not about jokes or fun.

They have Bounty program, but on here https://alpha.bounty0x.io/bounties/host/Safe%20Haven.

Surely I can't die so quickly  ;D

As of right now people are going to have to find and dig for them but that isn't my concern right now, my main concern is accumulating more. However, this ICO should do well and if I was a little bit older I would consider investing or at the very least using their application to protect myself.

I am not going to trust my coins to any third party.  My coins will become a part of my estate and passed down. 

This is indeed a very important question, that how do our loved ones get the benefits of our crypto wealth after our death. The main issue is that our parents or other loved ones find crypto stuff very difficult to understand and learn. But then transferring our private keys to a third party also doesn't seem to be a valid option. And then also it would require our loved ones at least some degree of crypto literacy to receive the cryptos or fiat. So the better option is to take some time out and teach them how to use cryptos, and provide them ways to withdraw the funds in case of our death.

maybe i just trust some crypto because maybe it will die and i think the coins will gone.

Most probably they'll remain in exchanges and wallets. Soon we'll see cryptocurrencies wills for family members  ;)

I really wish it was that way. But seriously, it is just not that way. I am something like 25, but I have seen people planning to live like king yet end up nowhere with the sudden d-call. So, like you, I have LEAST worry of looking at something like that, but then every day I go out, it could be my last day you NEVER know!

This is why it MUST be your concern. Although, it’s not necessarily to do with SafeHaven, but in general.

Surely no one will be crazy enough to do that. It is obviously all through logical way and that’s really what is explained on the whitepaper if you might read out. Read out here https://www.safehaven.io/files/SafeHaven_WhitePaper.pdf

I am not sure what you meant by part of my estate and passed down. If you have already shared details and all that, then all good and fine but what other way could be?

They go in crypto hell or we are already here?

Your main part is absolutely on the spot! It is absolutely MUST that we think about this seriously. I know this might just NOT be needed or might not be a major issue, as many of us might live long and healthy life, but can you guarantee this? Or can I guarantee it to myself? I bet no.

I don’t need to repeat how quickly things could change and that disaster day might be waiting for us and to destroy our plans. The biggest problem I find is that people really consider this as a joke or funny.

Just few days ago, I tried to discuss this with my friend and instead of talking about it, I only heard him laughing loudly. But we got to remember ONE mistake could put our family into bad situation. As per trust, I just mentioned the whitepaper above; you will know that it’s not exactly about trust here with anyone. As there is a logical system that I actually read out about, so check and tell me if I have read something incorrectly there.

I dnt have that much knowledge about crypto but I am learning and I am worried on how to share this with my wife and kids. Its hard for someone like me to teach them about all this. I will like to use this but this also looks not easy to understand.

Now that’s one way of looking at. But then just suppose if you have 1 BTC and you face that D-Day unplanned (hope you live long long time), but just think. And that 1 BTC today at $11k might turn into 30-40k in future; it could be disastrous for your family to miss out on that. So, prevention is better than cure. At least, I think seriously about these things.

If the world of Crypto continues to run like it is currently going on, then there is every chance that we might see this happening. I don’t know how much this will be realistic but something like this is going to happen. That’s why I am so much on for this ICO, as this got the theme that is massively required, but depends on how it’s worked out ahead. Fingers crossed!

Recently ICO . Digipulse if I'm not mistaken . They are just still working on a project for the conservation of our cryptocurrency savings descendants . Read if you're interested

That's a good, but very sad topic. I would choose one of the closest family member and explain to them, if something happens to me (because we don't know, when the God will take us away), there is a file on computer or usb flash drive, where u put all the information (passwords, login and etc) and maximum explanation to be made (if ur family doesn't know about cryptocurrency). So they get all u owe after u past out! I wouldn't either trust anybody, who is not from ur family (even best friends) Something like that, I will do! But not yet !!!!!!!! )

This is always been part of reality that no one really knows if he would die on next minute or day or weeks and leaving out our coin possession is there but no matter what happen i wouldnt entrust all of my holdings into other service which i didnt even know if they would be entrusted or not. I would rather choose up on keeping all of keys on a usb or hardware wallet and do tell of my entrusted friends that they should give it to my family once i die. It would really give me no doubts on doing that one.

Our cryptocurrencies would remain safe in our wallets. But the only difference would be that whether our loved ones are able to get access to it or not.We must atleast create a file in our computer and save all the confidential details in it or we must deliver all the information to at least one of our family members.We could even now see lots of bitcoins left unused may be due to this reason.

Totally agree with you.
Although to be honest it's really hard to find someone we can put our trust into. But your advice for sure is really good! It would be really wasted if our tokens abandoned just like that.

well thank you for advice, that sounds good. its better than our money disappear just like dust in the sand :D

In grave.
I want to be buried with my Trezor.  ::)

I would have given my private key to my wife and she would know what to do with it because this way she will cash it all out and use it for something at that moment or maybe she will invest herself.

Well, it might be locked in wallet or exchanger if we die suddenly.
However, to prevent such that thing happen to us, better we prepare everything before that. Tell your closest people about everything he/she should know so when we die our asset does not lock.

I will gave it to my sons to let them continue my legacy in cryptocurrency.I will teach them how toworks and how to earned on bitcoin.Spreading my knowledge to them and when I feel I am going to die but  I think that was never happen for now .

They will be locked forever unless you made prior plans to give the private keys to someone somehow.

Safehave is not decentralised. Here is a better: DigiPulse- Digital Decentralised Inheritance Service, they don't hold your keys everything is automatic. Your relatives get acces to your keys by answering to questions that only them can know.

That is really good information. Everybody should have such a backup plan. So do they just forward your keys? But where do they store it?

No one can tell when someone are going to die.. I think we need to let other people that we have trust to know where we put our private keys, so our crypto in the wallet won't be there unused when we die..
Or maybe had a safety deposit box that only can be opened by our family only when we died?

If you happen to suddenly die and take your private keys with you then your coins and tokens will be forever locked in their addresses without anyone being able to access them.  They are pretty much useless/burned coins.  Anyways, if you're dead, do you really care what happens to them? 

Oof, I'm not sure I trust giving all of my information to them online like that. I trust a lot more a written will, along with all of my passwords and private keys in paper form that can just be scanned into wallets using paperkey tools. I can put it in all of my family's safes in our houses, and keep it in the bank to make me feel even more protected.

I don't think I'll ever trust anyone with my private keys. Especially a place that has the possibility of being hacked.

Emmmm anyway don't forget to share your password with your father or mother and ypur child if you have. anyway when you die in instant you could give them some fortune that you keep when you still alive. If you keep just for yourself of course no one know and the electric money will have no value event it will rise year by year without any meaning.

Actually, I have written this already that I have details saved on my computer for the day I might not be aware, so my family can look and get all the important details of what I have done. Every day, I check if I have every info there or not. However, this ICO genuinely made me interest not because of making investment with them, but the theme behind it.

As it is a VERY SERIOUS topic to discuss because Cryptos are not longer FUN or pass time. I have checked people who have put up other names similar to SafeHaven but not exactly sure why they can be better than this. But whatever the case is, I am absolutely in with this concept because it is the REQUIREMENT not a luxury!

A very interesting concept this. I think won’t be a bad choice to invest something. As I have made investment across so many ICOs, but this looks very unique out of all. I have completed the registration for whitelist, so let see how it works out! Hope it works as according to the potential as seen!

You bring up a really valuable point. Most of us are purchasing and investing in crypto currencies in order to establish financial independence, or simply to have some savings for our children and we need to think about protecting those assets for ourselves, and also for our relatives. We need to find a 'Safe Haven', whether this one or otherwise. Thank you for the wake up call!

Extremely valuable point you have,

Rn if i kop it my crypto destined to sit on MEW for an eternity!

Well you have a good point, now i started making some notes already hidden in my computer. So that my effort and investments wont come to waste if I die but signing up in a website like that i don't think so. It's hard to trust websites like that because it's decentralized and you don't have any people to blame if you have loss.

very well said, you have a good point there, nice concept I hope it will be available in the near future, but since we do not have that already have that thing,the best way is to prevent that from happening, I mean prevent from wasting what you worked hard for. You can entrust your wallet to one of your family member and I suggest teaching them about cryptocurrency so they can also manage your bitcoins and can access them. It is also a way to secure their future even if you die.

I hope I do not will understand soon (although I can not understand if I die).  ;D ::)
But one day when I have children, they will probably know about my coins and wallets. So it remains for them.

I think this is why reading Whitepaper of any ICO is so much must! I don’t ANYONE is going to trust anyone online, so that’s why proper systems are in place. I consider same thing with “SafeHaven”, so check out their whitepaper and tell me how you think about them in terms of security. I personally think it’s a good idea, at least if you don’t have any other option. Last thing to do is not to do ANYTHING!

Hard time thinking about the Cryptocurrencies I have when I am alive. Now I need to think about when I will die :D It looks nice but something like this has never done previously, so hard to really say where it can go in time. I will certainly not mind trying it out but it’s just 50/50 thing right now!

If you are so worried, put a will and write down your private keys there and give it to me, I will keep it safely and handover to your inheritors.

Jokes apart, most crypto-currencies will fail before you die, meaning they will become worth zero cent.

Probably I can say that if that time would come it will surely go to waste if no one on your family knows about the accounts that you have that has cryptocurrencies inside of it. But for me, I am planning to even just leave some notes even on my purse/s, things like drawers or even on my phone or laptops even just some little letter regarding to my earnings. I am in thought too of giving some like treasure hunt to the accounts I have that has cryptos inside it, even in just that they would know that I remain some legacy to remember me.

It will probably get stuck in your hardware wallet if nobody near you have access and can stay in the network if the wallet is not updated, if your coins stay in exchanges, it is likely that in times the exchange may perform updates or delist some coins, and may contact you to withdraw them, and will lose them.

I will just save mine in a flash drive or send to my gmail accounts hahaha. it is hard to trust anyone especially like that online.
my family members knows that I am doing bitcoin thingy and they will know that my wallets is stored on my laptop and I have several backups haha.
just give a copy to your trusted family members and I think you should good to go

I think it's better we watch out for such projects in long term manner and then go for investing our whole assets into them. It's like handing over the whole life's hard earned wealth to these people and what if after we die they go scam all about it.

I'm not being negative about this but I'm being very concerned about the project which is made out of  block chain , the same blockchain that we fail for many times with different ico projects.


Look at this one. That's the better option I see. Better save it with your own will and hand it over to your family just the day on we die. Seriously can not trust anyone than my family.

I think most of the people who is in this crypto economy don't have this kind of thinking.IMO since you open this topic.I will let my family know all about my online belongings and let them have an access on
it while i'm still alive, besides it is meant for them in the first place,
and for the OP if you think your decision is right then be it,as long as it is not risky and you know what your doing.

We have an official SAFE HAVEN thread here, so don't hesitate to ask questions: https://bitcointalk.org/index.php?topic=2803657.0

I think that is the risk in crypto because you own the private keys even we have some insurance company here still it's so hard to rely someone in your money so it's more good if you have your own keys but if you die no one can access your money so always think that but i think you already earn if that happen to you so the question is easy to know atleaast always do hardwork so even not good happen you already have big real money.

there is a very high risk involve when investing cryptocurrencies and the security is the number once concern here. so when we die and no one knows about your crypto and wallet infos like private and public keys then your crypto is irretrievable unless you put someone to entrust for like your kids,your family member or your trusted lawyer for inheritance purposes other than that it will float in to the air and it seems like a crypto junkies.

That is what I've been thinking.
 A lot of people are going to lose their cryptocurrencies and no one is going to take advantage of it if they keep their private keys to themselves alone. It's better to just tell two to three trusted people about it.

All of my crypto coins will be inherited and passed down to my children. No matter how good a certain project like that I don't think I have enough trust to leave everything to them once I die  ;D

I think I will leave a paper wallet to my tokens with instructions how to use it somewhere hidden, and at the last moments before I kick the bucket I will tell someone where it is.

The idea is very good but i thinknits hard to realize the idea become true.
However, to prevent our crypto locked, we have to tell our partner like wife or husband our asset.

I think it depends on where did you put your cryptocurrencies, its is a very important matter specially if you are on a long terms investment since you will never know what might happen to you and it would be such a waste to lose these investments. I guess we all need to make precautionary measures and beneficiaries to have access to our investments like in a last will and testament form.

put them in my will

Although it is a great concept I still wouldn’t trust my holdings to some third party website and keeps my “will” with all of my private keys/seeds. I’d do it old school if it means I have to pass on my savings to my love ones. I’m sure most prople here are doing the same thing like writing them down on some notebook or something.

This is also one of my worries because I join crypto not only to earn but also I have something to leave my kids/family once I died. That is why little by little I'm beginning to introduce crypto to my kids since I believe that crypto will be the future of money.

I have not looked into an online option, because well, not for me until its been tried and tested I guess.

For me, crypto-inheritance should be treated as you would any other assets you own. You safeguard your money, investments and property via a will and instructions which you generally leave with your lawyer. You can also leave them instructions for someone to be passed on after death. Like a wildly vague treasure hunt of searching you house for the crypto clues to gain access to all your holdings. Some people might store paper wallets in safety deposit boxes along with cold storage nano wallets or hardrives. Instructions on how to access and convert the coins would also be needed. To make it nice and easy.

But still, the trouble I find is that - does your family have any clue about how to access a pc, multiple wallets, ledger nano's and crypto in general even with good instructions? They are going to be left at the mercy of finding someone to help get them back out - and theres no assurance they don't get ripped off in this process. Or they won't know what the hell do to with them, so it will just go unused.

Its definitely an area that someone (not saying SafeHaven) but someone could probably do well in servicing the need for. But the scam scene... omg it of course would be soo f*cking rude to screw a family over after they lost a loved one, but scammers don't care about that at all! So it would require a huge amount of trust and community building for a project to take this to the level its needed.

Ill bury my nano ledger and bring it along with me