Tech
Can you take your Bitcoin with you after you die? Passionate about technology, he explores the convergence between cryptocurrency and cryonics
June 3, 2024 07:26 am | 2 minute read
“Don’t stand on my grave crying, because I have my Bitcoins.” This adage with a cryptocurrency twist may seem eccentric, but it’s not too far from reality.
Bitcoin holders are delving into the realm of cryonics, a field that offers potential life extension through freezing, to preserve the precious digital asset even after their death.
What happened: A blog post by a software engineer and Bitcoin advocate, Jameson Lopp revealed that Bitcoin enthusiasts are contemplating the impact of cryonic storage on their digital wealth. Cryonics, the practice of freezing a person’s body with the hope of future revival, presents a unique challenge for Bitcoin holders—protect your digital assets during a state of suspended animation.
Bitcoin and cryonics are both revolutionary technologies, but could they be complementary? Can you “take your bitcoin with you?” Hypothetical on some possibilities. #repost https://t.co/tIWzWCbpXV
— Jameson Lopp (@lopp) June 3, 2024
Lopp discussed the complexities of maintaining a Bitcoin wallet for potentially thousands of years. He questioned the adequacy of traditional methods of protecting Bitcoin, such as brain wallets or time-bound funds, due to potential outside interference or technological advances.
Lopp considers the possibility of a multigenerational trust or an autonomous agent programmed to manage the Bitcoin holder’s assets. However, these solutions also present their own challenges, such as the longevity of legal contracts and the reliability of artificial intelligence.
Despite the uncertainties, he concluded that a diversified approach, spreading resources across various legal and technical storage options, may be the best strategy for Bitcoin holders considering cryonic storage.
Because matter: Interest in cryonics is increasing, with a growing trend of pet owners and billionaires invest in cryonics. It has been observed that it is not just the super-rich but ordinary people were increasingly looking cryonics.
The exploration of cryonics by Bitcoin holders represents a significant development, as it combines two cutting-edge fields: cryptocurrency and life extension.
illustration via Shutterstock.
This story was generated using Benzinga Neuro and modified by Aniket Verma.
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