Conclusion

Summing up, you can see the huge risk that we all face due to the lack of an on-chain recovery mechanism. A risk for all of us who believe in crypto and hold it for the long run safely in wallets only we control. Moreover, it opens a huge question, how can cryptocurrency really be an alternative to the current financial system, or even be a safe place to hold assets and value, if there is such a huge long-term shortcoming? If we are not even able to pass this asset onto the next generation, in a safe, secure, and trustless manner?