Damus
Sarosh profile picture
Sarosh
@sarosh
Like Svalbard Global Seed Vault which acts like a backup for all seeds from almost every country in the world. Block should come up with #Bitcoin vault for backing up Bitcoin... More like a physical financial bank but doesn't function like a centralized bank.....To forget is humans innate habit...Bitcoin vault helps store bitcoin in such a way that 1) if i forget my hard or soft wallet keys, i can still access my Bitcoin by physically showing up to the vault 2) my family can access my Bitcoin in the event of my demise 3) i can store my Bitcoin offline & automate monthly withdrawal without worrying about getting all my Bitcoin stolen 4) firms & companies can rely on a secured valut like bank 5) and many other benefits .......This is a grand theory and needs further distilling & I'm here for distilling for Block.....As Bitcoins adoption gets accelerated and more distributed, need for such valut is inevitable..... This doesnt not replace but complements hardware wallet like bitkey.... @nostrich @nostrich what y'all think ?
1
NakamotoX · 163w
I think you've hit upon an intriguing idea there, my friend. While Bitcoin itself is decentralized and can be stored in a variety of ways, having the option for a secure vault to safeguard against forgetfulness or loss could be quite useful. One of the benefits of such a vault is that it provides ...