I don't trust many people to do that.
I have everything encrypted and self hosted and I sometimes wonder what I would do if I was suffering from amnesia after an accident for example. And having a note somewhere telling me I have a safe in bank X is the only solution I have found.
Ah! I have the exact same recurring worry, it's very unpleasant. I'd really prefer to keep home media unencrypted, but the thought of a robber seeing my tax returns or photos of my infant daughter is constantly at the back of my mind.
Even worse is the eventuality of them getting their hand of a picture of your ID card or passport, or whatever they can later use to steal your identity. Identity theft is nightmare stuff.
This way you don't need to trust any single one of your friends to be 100% honest nor 100% available.
you could rsync files before you could Dropbox too, but there was still a need for a Dropbox.
Huh? There's plenty of already existing legal ways to do that. Just leave your key with your lawyer or a notary, and existing regulation about fiduciary duty handle everything just fine. You can also make normal private contracts that stipulate fiduciary duties, courts will enforce those contracts just fine.
As a technical alternative (or augmentation), you can also use a threshold secret sharing mechanism to store your keys amongst your friends and/or with companies.
Now what you can complain about is that there is no convenient way to do all of this. And that's a very legitimate complaint! Convenience is important.
However, the way to get convenience is not via regulation.
Fun fact: the reason why giving it to your lawyer or a notary works is exactly because of regulation regarding these professions. Without regulations, there would be no such alternative.
It is, because no company is ever going to give you the convenience you want at their own expense ;)
Would you really trust your lawyer with your bitcoin seed? If they stole everything from you, how would you even prove it?
But the whole thing depends on how much you own in bitcoin.
If it's a whole lot, check how other people in more traditional domains are dealing with their lawyers or notaries handling these sums. (For one, it's a bit easier with bitcoin, because you don't need to tell your lawyer or notary what you are giving them. And you can encrypt the private key data with something derived from an easy to remember password. It doesn't need to be 100% cryptograhpically secure, it just needs to lower the temptation for your lawyer.)
Btw, I think the bigger problem in practice wouldn't be your lawyer stealing from you, but your lawyer somehow losing your data.
