For some time I was thinking about what would happen with my crypto if something happens to me. I don't have much crypto, but still, I would not like for it to get lost if something happens to me. There are a lot of stories of lost crypto, and about 1/5 or 1/6 of all the Bitcoins is already lost because keys to the wallets were lost. That is A LOT of money lost.
Because of its decentralised nature and of how wallets are accessed, most of us keep wallet keys very private and they would be lost if we forget them or die or aliens abducts us or something else happens to us 🛸🚀
I wanted to build a solution for that for myself but later decided to make it as a very simple service and make it available for everyone.
So this service is called Live man switch. It is a digital version of dead man switches used to shutdown various critical devices if operator drops dead in the real world (think of a train operator dying and train stopping).
You define how often should service checkin on you (via email or sms), trigger condition (for example you did not checkin for 30 days), and messages (emails/webhooks) to be sent if trigger condition is met. So in case that you fall in the black hole, disintegrate, corona pwns you or you die in any other old fashioned way, you can pass on messages to your loved ones including explanations on how to access your crypto or any other digital assets and accounts you own.
And of course I implemented crypto payments for the service. You can check it out here https://livemanswitch.comx
This service has many other use-cases. It can be used by terminally ill patients or anyone in general as a digital will, by elderly people so that their family can know that they are alright (by checking in), for enforcing habit forming etc.
p.s. If you deicide to check it out: NEVER EVER UPLOAD YOUR WALLET SEED OR ANY OTHER PLAIN PASSWORD AS IS to my service or any other online service. You can do it more securely in several ways: