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> An informal agreement between you and your circle of friends and family is not a legally-binding agreement

You’re right, it’s much deeper and more significant than laws (which are broken literally every day).

> A modern economy needs private contracts that are fully enforceable by courts of justice, it cannot rely on informal agreements like this

That may be what an economy needs, but what a society, culture, or civilization needs is the deep bonds of human relationships. Those things are built on families.

> I don't think anyone wants to become custodians of someone else's on-line accounts, even if they are your friends.

Have you ever helped your friends or family? Have you ever been helped by them?

I find this a necessary question to ask because the only people that critique this idea are those that do not have any real friends or family. And to be fair, I already addressed that in my original comment (there will be services / companies to help people in that situation).



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