Wallets really need to step out of the stone age.
And the hardware wallets are all in that stone age too.
We still don't have a way to make your wallet aware of your will, or the end of your life.
Current plans for recovering the seed phrase by the inheritors are large points of security breaches.
Also, i have not seen any business wallets.
Companies are going to need to spend bitcoin; both lightning and main net.
We don't have anything for authorizing accounting to spend X number of bitcoin/month
or a way to have the boss sign all the "checks"
It is interesting how opaque crytpos are even though most are open source.
People really think that their bitcoin is on their Ledger/Trezor
But, are they really wrong? Without the key, that crypto is lost to the world.
And the whole, send a little crypto first, and then send more to make sure address is correct just doubles the size of the block chain for no real gain. Maybe we need a "test net" to trial send?
We really have a long way to go.
Interestingly enough Hive has a potential solution for end of life transfers as well.
Given a certain trigger an automatic powerdown could be started and the vesting route changed to the beneficiaries.
The trigger could be something as simple as:
Hive really is ahead of the curve in a lot of these regards.
Something like this also stops a user from accidentally losing their keys and all their money along with it.
That is an interesting idea.
I don't even think it would take hard fork.
I like the idea of "powering down" because, it alerts you that the thing has triggered, in case you just spent the last year in the Congo, or under a rock, and forgot, so you can correct it without losing everything.
The addition of named accounts solves a lot of problems, except anonymity.
Compared to HIVE, bitcoin is really in the stone age. And i am thinking that bitcoin will stay in the stone age. When you have something that is basically the savings account of the world, you want it slow and hard to work with. Lightning or Litecoin will handle the real transactions.
Yep
If you care about anonymity the accounts in question could be proxies who's only purpose are the transfer the wealth. Then it's just a matter of bridging that wealth to a privacy solution.