0 sats \ 13 replies \ @Coinsreporter 27 Mar \ on: Casa announces new inheritance product for all investors, available globally bitcoin
The idea is good but I won't do it for security issues. You can affirm, reaffirm but sharing private keys through a third party app isn't trustworthy. Supposing I die and have done Casa already, my inheritance would be delivered to my heir through CaSa is the medium. Fine what would you be asking them to bring? The death certificate? Suppose someone forges it before I die, you wouldn't grant access.
I have a diary and and everything's written in it. If I die my dear ones will have what I have.
It sounds like you haven't read about how it works. The system doesn't require the heir to verify their identity - you have already shared an encrypted form of your key with them, they just have to trigger the unlock timer to access the key they already have along with a signature from Casa's recovery key. It's basically just a timeout system that unlocks access to the key material that has already been distributed.
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I have read. My concern is 'why third party?'
I have a simpler solution. Write up everything in a diary, keep it up in a safe place, write your will and enjoy.
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My brain finished your sentence before I finished reading it. It had replaced enjoy with die. Not sure what this says about me~~
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There's a six-month stay on the heir getting access to the key according to the article and over the course of six months they try to contact you in case you aren't dead. And - both you and the heir provide ID to set this up.
So the attacker would need to fake your heir's id, have your mobile key, a fake death certificate, wait six months, and you would have to be unreachable for six months.
(I'm not defending the solution ... not my place ... I just thought I would clarify based on the article.)
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Tiers, tiers everywhere.
Yes, now you see it!
Thanks for clarifying. I still have doubts. There's no clarity over the methods, they would contact me. Suppose for some reasons, I lose contact, may be I'm hospitalized with comma, or may be I am in the jail. Will they verify physically? Or else, Will they verify the tomb, if a person dies?
And if someone really fakes up everything and they allow that person to take the inheritance keys, he becomes the owner. Noe the person that was faked returns, will they compensate in such a theft case?