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bitcoin-after.life website
Today, in this Samhain week, time of the year when the two 'worlds' (material and spiritual) close together and better communicate, we have the launch of this new Protocol to honour Bitcoin and all positivity it will bring to humanity.
This project was originated to solve an existing problem: to leave bitcoin inheritance to one's own children, but in a decentralised manner, without the intervention of an external third party (spouse, public notary, etc...) thus in perfect accordance with the Fundamental principle of decentralisation.
We have created this protocol, (seeking inspiration from John Nash game theory 'dominant dynamics' on which bitcoin incentives are based) so that it can have own life, without the need of a central Big Brother to make it work.
It is an open-source code plug-in and a Will-Executor, taking in charge the inheritance transactions’ push, will stay active for at least the next 10 years to await the consolidation of the protocol with more and more Will-Executors joining in.
The economic incentive necessary to make all this possible, is a fee included in each inheritance transaction and is paid when the Will-Executor transmits the inheritance transaction to the nodes, and it is therefore inserted in the block.
We expect the BAL PROTOCOL to be successful thanks to the incentives included in the inheritance transactions. These incentives are substantial and increase with the Bitcoin value in time and above all are appealing for more and more servers to join in the inheritance transactions with a prospective for middle / long period gains.