Being your own Bank, Digital Currencies - A simple flaw.

Being you own bank, does sound fantastic. Your money, your responsibility, invest, don't invest, loan, don't loan. These are all things that make a Crypto currency sound fantastic. But then I started to think how many times, my aging parents had asked me to sort out there email passwords. Forgotten how to login to some site. And then I thought how many times i'd hit that Forgotten Password button to some site, because for some reason the password tool I had been using hadn't remembered it correctly.

Now here comes the tricky bit. You want me to commit to memory a piece of information so vital that it is going to hold ALL my money in one place until I die, ok so think about this logically, your 21 years old, and your going to hopefully not pass away for 60+ years. but what happens if in just 6 months time you pass away, untimely I admit, but basically the people who administer your estate are screwed. Because you put your money in a coded account, with a password or random letters and numbers, to which your dead self is the bank manager. If you had been bad at securing your personal data, then they might have a chance to break into your laptop/phone/ digital device and find that you had something setup. But what happens if you've been so minded to setup two factor authentication generating random numbers, on a phone that does not exist anymore because it died when you died in your accident. I can't think of any way to identify yourself because your dead.

The only way I can think of creating that back door into your secure life is to create secondary entry points into your own secure world, and split the username/password into chunks, and distribute them to persons you trust, almost like in the films where you see the keycards being held by two trusted people, that only work when they are together. Basically, take your account number and split it into pieces, and likewise with the password. Then distribute them to your trusted people, so that on your death can put them together to access your details. And if worst case, if you can't get to your accounts, you can ask them for your back door into your own life again.