Is there a proven plan on how to deal with "Ghost Coins"?
I am fairly new to the crypto scene and have been reading as much content I can get my hands on regarding cryptos and the blockchain. One question that I have been unable to find a solid answer to is "what happens to someone's coins when they die?". One of the main reasons the community has such a strong backing is the belief in decentralization and anonymity. Cryptocurrencies are becoming a larger asset class for many people. Almost everyone plans to leave their assets to a beneficiary and could possibly do so in a prearranged will (assuming the beneficiary would know what to do with the information). However, if an owner of a large percentage of coins unexpectedly passes, those "ghost coins" essentially are forever lost and could over time falsely scew the market caps. This issue would be of even more concern if the altcoin did not have any sort of mining feature and no additional coins would ever see the market. Is anyone aware of articles on these topics and possible solutions for recovery and or recirculation of these "ghost coins"?
Interesting thing to think about. Your 'keys' could be stored in safe and be willed to inheritors, if you have planned and made a will, if not then the 'coins' will no doubt be 'lost' in the blockchain indefinitly.
sidenote: clearly I am very new judging by my inability to change the typo in my tag from "concurrency" to "cryptocurrency". It appears that can not be edited...
If you are using Steemit.com as user interface, then you can edit any tag except the first one. until the last reward payment is made to you. ( I think).
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