Don't make your accounts unrecoverable. You'd lost your money.
You don't want to lose it.
If people die and their account get forever locked, then it's called deflation.
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Don't make your accounts unrecoverable. You'd lost your money.
You don't want to lose it.
If people die and their account get forever locked, then it's called deflation.
There are two problems I am presenting here. The loss of life, labor,inheritance. The other problem is the vastly inaccurate valuation of the currency. This is beyond simply protecting your stuff. There are a number of ways an account can become unrecoverable. This is tragic on a human level but it is fraud when a currency represents as assets value that can never be recovered, not even by the currency itself. Neither can a calculation be made to account for this unknown loss of value because the currency does not know that those funds are no longer assets, but instead they are losses. The baby boomers are getting old and they will forget about their accounts or where the access key is. These keys are so long they cannot be committed to memory. It can be lost in a fire or flood. This is not uncommon and some accounts have pennies and others have millions. There is no way to even estimate the losses.