You are viewing a single comment's thread from:
RE: Broken Witness Voting System!
Un seen this? https://www.eternitas.io will execution on the block chain. Maybe we can do an auto redistribution on Steem or a burn if a d as man switch is not activated
dead man switch as in some sort of activity on the chain?
I wonder how we get around autoupvotes, stemauto style?
With a dead man switch it works like this: let’s say the system keeps a track of ur activity on the chain, so it might check that you have been active at some point over the last 18 months. The dead man switch is triggered in case u don’t log in or do some form of activity on the chain for 18 months. Once triggered it counts down for say 10 years until it then send crypto to a loved ones account
deadman switch would measure your regular activity in some way and look for it to drop off over a sustained period of time.
good point,
it would need to be made so that it cannot be gamed with bots
I'm sure that there are many ways in which stake holders can legally take care of their assets and legally ensure that their heirs get it.
Again, once ownership passes over from one person to another, the new owners who inherited the stake can use their newly inherited stake to cast votes.
If in the event that stake doesn't get claimed it will probably become "lost" as was described for the millions of dollars worth of BTC that is no longer accessible.
I dare say that I don't wish to get into the topics of how anyone manages their assets or last will and testament.
The link you gave seems rather interesting, I don't see a reason why one day "smart contracts" couldn't be done on our Steem blockchain to take care of things like that too!
;)