 a digital asset, like a YouTube video, a picture, an electronic design, a game, code, so on and so forth.
Any asset, that is something of value, in digital form can be a digital asset.
However, the hype you have been hearing about in the news and crypto space is not about generic ‘digital assets’, it is about specific digital assets on blockchain.
Blockchain has bred a new asset class called cryptocurrencies. The king of all cryptos is obviously Bitcoin. Outside of Bitcoin, there are over 5500 cryptocurrencies in the market and growing.
Crypto Collectibles: For those of you who have been in the crypto space during the crypto kitties debacle that choked the Ethereum network, you will remember that these cutesie digital things sold for thousands of dollars.
NFTs: Non-Fungible Tokens are tokens that cannot be replicated or replaced. For instance, if I give you $100 as a loan – there is no need for you to return the same $100 bill when you repay the loan. However, if I give you a $100 bill signed by Abraham Lincoln – I expect that same bill when you return it. The generic $100 bill in our example is the equivalent of a fungible token (you can replace/interchange) and the bill signed by Honest Abe is the example equivalent of a non-fungible token.
DeFi Platforms: A lot of Decentralized Finance platforms (and protocols) are swarming the blockchain and crypto space that are looking to bring the traditional financial services like lending and borrowing to the blockchain.
Each day a new type of crypto asset comes into the market. All the various types of existing and emerging crypto assets fall into a broad basket of ‘digital assets’ in the context of blockchain and cryptocurrency space.
Most individuals who invested in bitcoin and other cryptocurrencies only 5 years ago were considered as nerds or criminals or anarchists or all of the above. However, the rhetoric has now changed.
With companies like Fidelity, NASDAQ, paving ways for traditional investors to enter the digital assets place, the digital asset investor now includes innovators and early adopters. The digital asset investor will soon include early majority (mostly millennials) and later many mainstream investors that will form the late majority.
By the time laggards make their way to the digital assets, they would have already become mainstream.
The potential to move from innovators to early adopters to all the way to majority class, there is a vast room for digital assets space to grow.
At the minimum, if they hit the gold market cap – that would itself put the digital assets space at 6 Trillion dollars. However, many industry experts claim that digital assets will probably surpass the stock market value in the future as the stock market itself will be mobilized on blockchain.
This will put the digital asset investor value at over 80 Trillion dollars.
Digital assets have existed before blockchain and bitcoin. For instance, eBooks, articles, copyright material, pictures, videos, and many more that only existed in digital world were all considered digital assets. However, with the evolution of blockchain, it becomes important to understand the difference between traditional digital assets and digital assets on the blockchain.
The issue of safeguarding and passing the crypto wealth to your loved ones in case something happens to you has been a topic that has been gaining considerable momentum. Rightfully so.
We have all heard about the stories of people who passed away suddenly taking crypto wealth with them because they did not have any Digital Asset Estate Planning in place.
For instance, Michael Moody’s dad could have benefited from having access to his son’s crypto wealth, however, there is no way to facilitate this when the crypto is left without a legal heir.
If you are among those who trusts Coinbase with their crypto wealth, you are in luck.
Coinbase makes it easy to transfer your crypto wealth to your loved ones. Simply follow the steps laid out by Coinbase here to pass on the crypto wealth.
Few exchanges also have similar protocols in helping transfer the cryptos held on the exchange to your legal heirs.
Some of these exchanges offer custodial services through third party custody providers like BitGo.
While this solution is a very simple one, it may not be the best option for passing your crypto wealth. or one, you want to send the details of your wealth to someone you trust with your life. Two, what happens you are stuck somewhere or get so busy that you don’t check emails and you accidentally trigger an email with sensitive information to your crypto wealth?
The company itself advises users to not use it for non-casual purposes such as passing your crypto wealth, “That having been said, this service is meant for casual use by the average person. Please don’t use the service if you need strong guarantees of privacy, e.g. if you are a whistleblower or any similar life-and-death situation. It is NOT meant to safeguard against high-value messages,” the site warns.
You could write down your passwords, private key information in a notebook and secure them in a safe or bank locker and include these as part of your will.
Obviously, there is danger that your heirs may not know how to access the crypto wealth or someone else could get the information from the notebook. This method should only be used by those who have ways to secure the notebook with private keys and passwords with their cash and gold.
There are a lot of hardware wallets that you can use to secure your crypto wealth. You want to ensure that someone in your family knows how to access the wallet.
Casa: Casa offers solutions that can work with your existing estate lawyer and your loved ones to make sure you pass on the wealth when it’s time and without failure.
What if these companies shutdown?
Crypto is a relatively new space. One company providing the crypto inheritance service called DigiPulse is already out of business and its website is on sale. You have to consider what type of team, sustenance model and history is behind the Digital Wealth Management Solution that you choose.
In addition to the above listed solutions in the market, consider these tips and as always, consult a professional for specific advice.
No one can foresee the future and it is always better to be prepared for your own sake and for the sake of your loved ones.
Discussion in 'Signs101 Website News' started by Signs101Admin, Nov 10, 2016.
To post a youtube video just copy and paste the URL in your post.
Thank you! Subscribed! Very nice job with creating the sign and also with video editing. Could you cover the sheet with regular application tape instead of masking tape, so it would be easier to peel off?﻿/*
 * Written by <NAME>, and released to the public domain,
 * as explained at
 * http://creativecommons.org/publicdomain/zero/1.0/
 *
 * This is a.NET port of the original Java version, which was written by
 * <NAME> as described in
 * https://github.com/HdrHistogram/HdrHistogram
 */

namespace HdrHistogram.Utilities
{
    // This needs to be a view on-top of a byte array
    sealed class WrappedBuffer<T> where T : struct
    {
        private readonly ByteBuffer _underlyingBuffer;
        private readonly int _parentOffset;

        public static WrappedBuffer<T> Create(ByteBuffer underlyingBuffer)
        {
            return new WrappedBuffer<T>(underlyingBuffer);
        }

        private WrappedBuffer(ByteBuffer underlyingBuffer)
        {
            _underlyingBuffer = underlyingBuffer;
            _parentOffset = underlyingBuffer.Position;
        }

        internal void Put(T[] values, int index, int length)
        {
            _underlyingBuffer.BlockCopy(src: values, srcOffset: index, dstOffset: _parentOffset, count: length);
        }

        internal void Get(T[] destination, int index, int length)
        {
            _underlyingBuffer.BlockGet(target: destination, targetOffset: index, sourceOffset: _parentOffset, count: length);
        }

        internal void Rewind()
        {
            _underlyingBuffer.Position = _parentOffset;
        }
    }
}
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State Committee fot Family, Women and Children Affairs permanently carries out various activities directed to aim public attention to family issues, to preserve family values and forward them to future generations, to prepare young generation to family life and