“It’s one of the things that everyone needs to think, but often.” -@wasima, @_vault12_____Closing @dogecoinzack to inherit digital assets, inspiration of Vault12, and how to adopt the actual adoption when securing the next generation’s wealth.
0: 23 -What is Vault12?
1: 44 -The story behind the name
2: 05 -Which type of encryption is delivered?
3: 50 -What actually adoption looks like
5: 48 -Wild inheritance story (Yes, dog ate seed phrase)
6: 39 -Will cryptographic languages simplify?
7: 39 -Thought about storing stablecoin assets
9: 17 -I brought Vault12 to @futurist_conf
The iOS code will be suitable for one year and then return to the standard price of the inheritance plan. iOS code is available in the Apple App Store.
Android code is suitable for 90 -day subscriptions and will return to the standard price of the inheritance plan for free. Android code is used to select and pay inheritance plans in the app.
transcript
jack :
Hey, what’s going on? Jack here with Genzio. I am excited with the Wassim of the co -founder of Vault12. Please tell us about Vault12 for your audience.
Wasim:
Thank you for bringing ZACH. Vault12, we perform encryption inheritance. It is one of the things that everyone needs to think, but not.
jack :
I completely agree. In fact, when Bitcoin was the same as $ 7,000, my mother was encrypted. She has some passwords. She is very young, I think she will live for a long time. But if you haven’t set the right thing, you can imagine a scenario that may arise.
Wasim:
There are many people who do very safe work of all kinds, such as putting seat phrases in the mountains and other places. WINKLEVOSS divided the personal keys and put it in the safety storage box for 30 minutes in the six regional airport sets. They flew and did it. You can no longer find a safety deposit box. They are stopping their business. If there is no way for a family or heir to access, it has disappeared when it is incompetent or passed away.
jack :
I completely agree, and I think it’s really important to think about these things in advance because of Genzio. There are many young people in Crypto, but they will grow up. We are all older. It is part of life. And I think it is very important to make such a plan. Where is your name from?
Wasim:
Vault12?
jack :
huh.
Wasim:
It’s from a video game called Fallout.
jack :
Of course a great game.
Wasim:
entirely.
jack :
Very cool And what is the biggest encryption that people pass by? Is it Bitcoin, most eth? And do you support all encryption, or how do you work?
Wasim:
We are completely independent of all blockchains. We cannot say the answer because we do not know which assets are stored or stored. You can store seed phrases and store your own keys, but you can also create a mysterious video of 12 words in your wallet. We do not know. And I’m sure it’s Bitcoin, but I don’t really know it.
jack :
It is a great answer.
Wasim:
I don’t know who the owner is and I don’t know what kind of assets are in the assets.
jack :
Privacy is important.
Wasim:
It is a completely distributed and distributed peer -to -peer solution.
jack :
Why do you think that’s time to be adopted now?
Wasim:
I have a slow risk of cryptocurrency, but I think the bank can custody now as all litigation disappears. There are things that go through parliament and the Senate has not been passed yet, but it will happen. If a market rescue bill is prepared in August, many risks will disappear. What happens in the United States is clear, and the rest of the world will follow the model. And in the case of banks and retail agencies, we will start exposing customers to encryption because we are retailers. And after a while, they will include digital assets in insurance, inheritance, life insurance, and finances, so you might want to talk about everything that reaches your hand when you try to classify and manage your finance.
jack :
I think this is really interesting because other countries are inherited worldwide. I understand that privacy is a big part of this. Where can I see this most adopted in a place where I can observe in the world?
Wasim:
Definitely in the United States. We are independent of the legal vehicles you use to make your wishes. You need to talk with a lawyer, talk with a reliable state lawyer, and find out what the right type of legal contract is. This is a transport mechanism that securely transfers the details that the heir can access the asset. It may be different from the executor. Perhaps someone will be a technology. The solution is designed for non -technical people. We are independent. Even in the US castle, the law on inheritance is different. It does not affect the work of Vault12 or how it is used abroad. The same.
jack :
Why do Vault12 uses the first motion in other competitors or in this space?
Wasim:
We are pioneers. We have done this since 2015.
jack :
wow.
Wasim:
10 years.
jack :
congratulation.
Wasim:
thank you Perhaps it was a little early, but it was clear in 2013 and 2014 when I thought about starting my CEO.
jack :
How many users do you have when you see adoption now? Have you ever seen a spike recently? How was that growth in the last decade?
Wasim:
We liked 400,000 downloads. Most of them have happened in the last two years. We lived in App Store for four years in 2019.
jack :
wow. You are really going.
Wasim:
And I think this next wave will become more ubiquitous as a retail agency that enters regulations appears.
jack :
Have you seen crazy stories about people who didn’t set inheritance e -mail?
Wasim:
Oh yeah.
jack :
Tell me what you have seen.
Wasim:
The most crazy person was a Galaxy digital trader who had a new wallet and had a seed phrase on posttable memo or returned home, ate at the restaurant table, ate food, ate something in post IT notes, and ate post -notes.
jack :
Literally, the dog ate homework.
Wasim:
The dog ate his seed phrase.
jack :
crazy.
Wasim:
I don’t think there are many things in that wallet, but it just goes to show. It was unnecessary.
jack :
Do you think there will be a world where we will be out of seed phrases or more encryption terms in the future?
Wasim:
I think more technical terms will begin to sink. Consumers will not deal with the differences between personal keys and seed phrases. I think the term cryptocurrency will remain. I think that’s the right level of terms. You and I have a lot of wallets, not calling a password, and they start to be everywhere. We all have wallets on the phone. I think it may be an Apple wallet or one Google. And I think this wallet will begin to adopt the ability to record assets. But there must be a way to export that key for that digital asset. They will have to name. We will see. I think the wallet will be anywhere. It doesn’t necessarily have to be the password wallet we have today. They are very difficult to use. They are very complicated. They are too many options. There will be some changes.
jack :
Very interesting. And now we just know that we just came from a large stable coin conference in San Francisco. There is a Pantera Capital. A16Z crypto, the biggest name. And we are really excited to think that we maintain people’s wealth in Stablecoins. And I can imagine that you are saying Bitcoin now, but people are also sure that they are storing cash from many Stablecoins.
Wasim:
I think Stablecoins will be a pull wave because consumers do. I think it can be related because it is a leg. It is converted from the old world to this new world. entirely. I think it will happen from this moment at Stablecoins last year.
jack :
Would you like to allow yields like yields in your safe?
Wasim:
The definition of the safe is that it stores something and does not proceed. The wallet is a place where you store something and have a deal. We tried very strictly about the difference. We are integrating without competing with our wallets. However, in the Shinsegae with encryption regulations, passwords can be used freely and easily. Of course there will be a deal. Maybe there are other things. But now we are a safe. There is no transaction. How to store assets in the future.
jack :
You can literally imagine a big bank safe and go to the door.
Wasim:
Then, except that you are on your phone, you can reproduce the safe on the new phone if you use the decentralized encryption and lose your phone.
jack :
Very cool And why did you decide to come to futurists?
Wasim:
We’ve heard that it is the same as the kickoff of Canada Crypto Week. And look at it. It’s so lively and fun. I think we have done the right thing.
jack :
exorbitant. Thank you for the fantastic interview. I recommend that everyone who is seeing this follows Vault12 and offers really interesting things. And if you need a place to safely store your assets, make sure you can transfer it to future generations. I know exactly where you can see.
Wasim:
And we have a code for your viewers.
jack :
What is the code?
Wasim:
The code is Genzio25.
jack :
Very cool
Wasim:
Good for iOS and good for Android. And you can go to our website to find all instructions. Thank you very much. Fantastic. Good interview.
jack :
Cheers.