Crypto Plans

I love the concept and think there needs to be more focus on this with our digital lives. Having experienced the death of a parent it was clear to me that unexpected deaths in previous generations with substantially less (if any) digital footprint/assets is pretty straightforward and essentially unchanged for centuries. I like your implementation utilizing physical security because, let's face it, some kind of digital means of storage would place a very big target on an electronic centralized store of cryptocurrency wallets. That said, there have been incidents of people being physically kidnapped, etc to force disclosure of cryptocurrency keys. Physical violence has always been a risk and cryptocurrency is no different. Which shipping provider do you use? You already have a process in place for lost shipments but it's a little onerous. I'm vaguely aware that FedEx, UPS, and the United States Postal Service (as an example) has products/services in place for the protection of high value/targeted shipments. The USPS also has the advantage of dedicated federal law enforcement agencies that investigate malfeasance when it comes to fraud/theft/etc with US Mail. They don't mess around and have an extremely high conviction rate, being able to bring down the full force of the federal government in any prosecutions. Because of this, generally, messing with US Mail is very rare (but it still happens, of course). Do you randomize your physical shipping address, company name, and packaging? I could imagine a rogue employee or even package handler becoming aware of your packages and intercepting or siphoning off shipments to a single address, identifying package, etc and cleaning/transferring wallets before the interception is detected. Do you move or otherwise secure keys once they are received to a different (unknown) physical location? What's the physical security at that facility? I almost hate to raise the issue but what is your security plan for yourself and other team members? What is the storage process for the physical copies of keys? What access to you and other team members have, and how is that process secured? Even if your customers/users trust you, what's to prevent someone from (unfortunately) kidnapping you or other team members or otherwise exerting physical force to obtain keys? You may want to look into kidnapping insurance and such policies. Sorry for the worst case scenarios but these are just a few of the threat models that occurred to me that don't seem to be addressed on your site.

I love the effort and attempt to solve a real problem, but the implementation is frankly dangerous. Not your keys not your coins. This Crypto Plans service has complete control of all of your funds and there is nothing at all stopping them from spending them. Using multiple signers is a much safer approach available with a service like Casa App where neither your loved ones nor Casa have enough key material on their own to spend your funds, but if you we incapacitated they could come together to recover your funds and support you through the process

Mircea Popescu, an early adopter of Bitcoin, unexpectedly drowned back in June 2021 and left behind a bitcoin fortune estimated to be worth more than $2 billion. There have been several publicized cases of unexpected incidents and crypto fortunes being unrecoverable. Mellon died unexpectedly at age 54 in 2018. Unfortunately, he stored his private keys in cold wallets that were distributed in various banks across the country. He never told anyone which banks and where the wallets were stored or what the private keys were. As of today, there have been no reports of the wallets or keys being located. Crypto is personal. It's not something you want to share with the world, but lost coins are becoming a serious issue that needs to be addressed. There's families left behind that could have used those missing coins. There are charitable organizations that would have benefited from lost coins. This is where Crypto Plans steps in. For $30, a recovery kit is sent to your home and you get the opportunity to protect your coins in the case of something unexpectedly happening such as a lost hard drive, death, misplacement of paper, etc. The company charges 1% for a cancellation of service and will take 3% in the event of your death. Half of the death charge (1.5%) will be used towards charitable actions to help people from around the world. As the saying goes, it's better to be safe than sorry. Nobody expects to lose their coins but it happens every single day...$60M worth! Trust in Crypto Plans and protect your fortunes today!

hmmm, risky.

Well, if someone dies unexpectedly it automatically benefits the whole HODL community. The price is reinforced and therefore created less supply.