reply on: Casa announces new inheritance product for all investors, available globally \ stacker news ~bitcoin

10 sats \ 9 replies \ @k00b 27 Mar \ parent \ on: Casa announces new inheritance product for all investors, available globally bitcoin

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.)

11 sats \ 3 replies \ @k00b 27 Mar

both you and the heir provide ID to set this up.

This is only for "Casa Private Clients." My bad. Otherwise I think I got it right.

Tiers, tiers everywhere.

0 sats \ 2 replies \ @Coinsreporter 27 Mar

Tiers, tiers everywhere.

Yes, now you see it!

0 sats \ 1 reply \ @k00b 27 Mar

See what?

0 sats \ 0 replies \ @Coinsreporter 27 Mar

Tiers! Or, may be I just didn't get it. I'm not a native English, so sometimes I may misinterpret. Sorry, if I did.

0 sats \ 4 replies \ @Coinsreporter 27 Mar

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?

11 sats \ 3 replies \ @k00b 27 Mar

You've given the key to the heir. Casa doesn't have access to it. Your heir receives it through scanning a QR code from your phone.

All of this needs to be viewed in context of the alternative. If you're in a comma, have a single sig wallet, and your heir has access to it, you're worse off than this solution afaict.

0 sats \ 2 replies \ @Coinsreporter 27 Mar

Correct, I just don't like 'third party' entering in the whole narrative of passing Bitcoin wealth to the next generation. I think everyone should be aware that death is something that can come anyday. You just have to make sure that what you have must not go to waste. Yes, you're right that's an alternative, personally I don't view it as a good and reliable option.

11 sats \ 1 reply \ @k00b 27 Mar

Depending on your situation, having a non-unilateral acting third party, who will likely make a disjoint set of mistakes from the mistakes you would make handling key material, is a feature.

100 sats \ 0 replies \ @Coinsreporter 27 Mar

Okay sir, let me give it another try. May be I am missing out on a few points. If Casa is safe and sound and remains that way for a period of time, I and I think most other conservatives like me would definitely establish faith in the solution. Thank you for your valuable inputs.