Dead line Account(s)

Ideas
#1

Hi Guys,

Here is another Idea about Crypto Cyrrencies.
Human beings like that after their dead their capital or money receive to their loved ones, their children their wife, partner, a charity or anyone.
Normal Bank accounts under governmental control let this to the people according to laws after their dead.

But there is no such option in crypto currency accounts!

What if I die and my fund remaining in my account for ever and even my loved ones will have no access to them?!

My Idea is that for any account, it can be defined some dead line account or accounts that after a defined amount of time of inactivity on that account all fund of the main account will transfer to the dead line account or accounts according to the percentage defined before.

Assume that I have Account A and want that after my death my wealth transfer to Account B(%50), Account C(%20) and Account D(%30).

So I define this in the system and after for example 6 months of inactivity in my account this transaction will publish to Blockchain automatically.

In this case I can be sure that My wealth will not missed and will be available for my beloved ones even after my death.

Thanks,
Sepehr

#2

That is awesome idea in long term. So it will function like as a testament.

#3

This Idea already done in NXT Automated transaction:

http://ciyam.org/nxt/nxt_auto.html

Read the example:

Use Case #2: Dormant Funds Transfer

Create a program that if not notified before a certain period of time will transfer its funds to one specific
account. The notification mechanism will be via an AM transaction and the content of the AM (if not empty) is
a new address to payout to.
#4

Sounds interesting but in essence is it actually needed ? God forbid but an old fashioned will takes care of this. I recall reading about this and thought it was more about getting rid of inactive acc bloating the block chain. :slight_smile:

#5

I like sepehr's idea.  This gets around things like probate, taxation, etc that would otherwise come up with a traditional will.  It's like, if I have an envelope full of c notes at home, and I bite it on the highway, my family can keep everything in that envelop free and clear.  What's particularly nice about sepehr's idea is that I can define exactly who(or multiple addresses) will get it upon my "death"(or period of inactivity, or fail to respond to ticklers, whatever the trigger is).  Maybe we could call this flatlining since no transactions are taking place on the wallet? lol

#6

I've mentioned it already in some other thread, but I think we'll have something better. It probably will be released in Second or Third Dev Plan (after DCA and after alpha for sure)