Bitcoin and Immortality

[coolcoinz]

It seems like you don't know much about biology. Reviving a person is much harder than you might think because you technically can bring a person back to life after a severe heart attack or an organ failure, but you can't revive someone who dies of old age, so an old billionaire who dies and gets frozen will not live a second life after you unfreeze and revive him. His organs will fail again. It will happen in a day or in a year, but he'll die. You can't turn back time.

The only way to retain life is to clone you and transfer memories to that clone, or to a body of another person. Our bodies are born to die after a certain time and I don't believe anything can be done about that, even 100 years from now with superior technology available to us.

Also, bitcoin can be inherited if you leave dispositions to your lawyers and family. You can divide private keys or seeds between family members so that they'll be able to access the money only when they come together and share.

[cr1776]

It seems like you don't know much about biology. Reviving a person is much harder than you might think because you technically can bring a person back to life after a severe heart attack or an organ failure, but you can't revive someone who dies of old age, so an old billionaire who dies and gets frozen will not live a second life after you unfreeze and revive him. His organs will fail again. It will happen in a day or in a year, but he'll die. You can't turn back time.

The only way to retain life is to clone you and transfer memories to that clone, or to a body of another person. Our bodies are born to die after a certain time and I don't believe anything can be done about that, even 100 years from now with superior technology available to us.

Also, bitcoin can be inherited if you leave dispositions to your lawyers and family. You can divide private keys or seeds between family members so that they'll be able to access the money only when they come together and share.

The point was in relation to the subject of this thread, "Bitcoin and Immortality" since I thought it interesting for the OP since it involved both topics and someone well known within the bitcoin community.

However, since you made misleading and misinformed comments about how cryonics could work, I'd suggest you read about it, that will increase your understanding.  You have no idea how difficult I think reviving someone would be, so that's way off the mark.

In addition to Hal, Ralph Merkle (https://en.wikipedia.org/wiki/Ralph_Merkle) signed up - anyone involved with bitcoin should know his name-, Marvin Minsky likely signed up (https://www.alcor.org/2016/01/official-alcor-statement-concerning-marvin-minsky/ ) - ditto if involved in CS ever-, Ray Kurzweil (https://en.wikipedia.org/wiki/Ray_Kurzweil), Peter Thiel (https://en.m.wikipedia.org/wiki/Peter_Thiel ) among many others, but they are all well educated and informed on the subject.  

Whether the chances it works are 95% as Arthur C Clarke thought ( https://en.wikipedia.org/wiki/Arthur_C._Clarke) or 10% or 0.1%, they all are infinitely greater than zero.  Of course it is each person's individual choice.  People were antibiotic and CPR skeptics at one point too but many people value the gift of life even if cut short like with Hal among many others.

This link may also be of help for anyone who wants to inform themselves on the topic:
https://waitbutwhy.com/2016/03/cryonics.html

😀

[cr1776]

I'll also add that using a jurisdiction that has eliminated the rule against perpetuities one doesn't have to worry about bitcoin being inherited since one can create a trust to hold it indefinitely.  Whether Hal (or others) have done that is an open question, but it certainly hits upon the topic here.

[tottong]

I am planning to write a paper on Bitcoin and immortality. 

Below is the basic idea and logical flow: 

1. Bitcoin cannot be inherited. If not transferred during one's lifetime, it remains the property of the deceased. Neither the state nor relatives can access Bitcoin. 

Thus a much more relevant meaning is not that it cannot be inherited but rather that there is no opportunity for the deceased to transfer bitcoin to their heirs.
But there is something that may be stored such as a private key so that the heirs can regain access to the bitcoin storage by obtaining it.
When you are seen in bitcoin, the main thing to think about is how to secure the asset and the second is how to distribute it to our loved ones after we die.

There are still solutions that can be done as long as the bitcoin owner himself prepares smart steps before he dies.
So that the heirs get access when the private key is given after going through the storage process.

[Popkon6]

I am planning to write a paper on Bitcoin and immortality. 

Below is the basic idea and logical flow: 

1. Bitcoin cannot be inherited. If not transferred during one's lifetime, it remains the property of the deceased. Neither the state nor relatives can access Bitcoin. 

But I believe that it is not possible to make more Bitcoin than it has been created. Bitcoin is also possible to get by birth because if my father uses Bitcoin then I can get Bitcoin from there by inheritance. And it is also possible to recover the Bitcoin of a deceased person from the exchange if it is stored on the exchange, and if the password is left with a family member, then it is possible to get the Bitcoins stored from there or from the hardware.
 But there are all the reasons that we can see later, but there is no benefit from this trust alone. You should save the Bitcoins yourself and store them for a long time. Then we do not have to rely on anyone, because investing in Bitcoin with your own money is the most beneficial.

[Makus]

5. The Bitcoin owner entrusts their AI robot with the private key and temporarily transfers the balance (until revival). The AI has two primary goals: 
   1. Ensure the client's revival. 
   2. Preserve itself safely until the client is revived. 

The safest way of storing your bitcoin is offline and from research and experiences of others its strictly advised not to store your private keys online, entrusting your private key to a robot who run all their data online is kind of insane, because you have posing serious risk to your bitcoin wallet except you aim at losing your bitcoins. Besides hackers are always active trying to crash one down a puzzle and if they eventually get their hands on your private keyz, the rest would be a regretful story to tell. If you must store your seed phrase, private keys in a computer it must be an air-gapped device with no internet connection. Every other storage means that is not offline is absolutely risky and not advised.

[john_egbert]

I am planning to write a paper on Bitcoin and immortality. 

Below is the basic idea and logical flow: 

1. Bitcoin cannot be inherited. If not transferred during one's lifetime, it remains the property of the deceased. Neither the state nor relatives can access Bitcoin. 

Thus a much more relevant meaning is not that it cannot be inherited but rather that there is no opportunity for the deceased to transfer bitcoin to their heirs.
But there is something that may be stored such as a private key so that the heirs can regain access to the bitcoin storage by obtaining it.
When you are seen in bitcoin, the main thing to think about is how to secure the asset and the second is how to distribute it to our loved ones after we die.

There are still solutions that can be done as long as the bitcoin owner himself prepares smart steps before he dies.
So that the heirs get access when the private key is given after going through the storage process.

Agreed.
These ways wouldn't be official, so to speak, but it would still be considered "heritage", so to speak, imo.

[coolcoinz]

The point was in relation to the subject of this thread, "Bitcoin and Immortality" since I thought it interesting for the OP since it involved both topics and someone well known within the bitcoin community.

However, since you made misleading and misinformed comments about how cryonics could work, I'd suggest you read about it, that will increase your understanding.  You have no idea how difficult I think reviving someone would be, so that's way off the mark.

In addition to Hal, Ralph Merkle (https://en.wikipedia.org/wiki/Ralph_Merkle) signed up - anyone involved with bitcoin should know his name-, Marvin Minsky likely signed up (https://www.alcor.org/2016/01/official-alcor-statement-concerning-marvin-minsky/ ) - ditto if involved in CS ever-, Ray Kurzweil (https://en.wikipedia.org/wiki/Ray_Kurzweil), Peter Thiel (https://en.m.wikipedia.org/wiki/Peter_Thiel ) among many others, but they are all well educated and informed on the subject.  

Whether the chances it works are 95% as Arthur C Clarke thought ( https://en.wikipedia.org/wiki/Arthur_C._Clarke) or 10% or 0.1%, they all are infinitely greater than zero.  Of course it is each person's individual choice.  People were antibiotic and CPR skeptics at one point too but many people value the gift of life even if cut short like with Hal among many others.

This link may also be of help for anyone who wants to inform themselves on the topic:
https://waitbutwhy.com/2016/03/cryonics.html

😀

First of all I wasn't referring to you, but to OP, who said that if a bitcoin owner wants to be revived he can choose cryonics and retain memories, to which I answered that it would be really hard to do.

The deal is not whether we can revive a person and if the chances are 5% or 10%, but if that person will continue to live after. What's the point of reviving someone if that person dies a week later due to a failure of immune system or gets Alzheimer's?

All these people you've mentioned are well informed in theory and that's the important part. This is nothing but theory. How can we claim that someone is right or wrong when there's no proof of either?

[betswift]

5. The Bitcoin owner entrusts their AI robot with the private key and temporarily transfers the balance (until revival). The AI has two primary goals: 
   1. Ensure the client's revival. 
   2. Preserve itself safely until the client is revived. 

The safest way of storing your bitcoin is offline and from research and experiences of others its strictly advised not to store your private keys online, entrusting your private key to a robot who run all their data online is kind of insane, because you have posing serious risk to your bitcoin wallet except you aim at losing your bitcoins. Besides hackers are always active trying to crash one down a puzzle and if they eventually get their hands on your private keyz, the rest would be a regretful story to tell. If you must store your seed phrase, private keys in a computer it must be an air-gapped device with no internet connection. Every other storage means that is not offline is absolutely risky and not advised.

As it is said - your keys, - your coins.
So it's wise to keep them off the radar of the web, that can be watched by anybody, really, who is willing to work hard and fish some data.