Rich people are freezing themselves; 230 already frozen! Here’s why – NewsBytes

Cryonics, the process of freezing live cells at sub-zero temperatures, is gaining popularity among the wealthy as a means to potentially extend life.

The affluent are investing in "revival trusts" to preserve their wealth for potential future lives, with cryopreservation procedures costing up to $220,000.

However, the scientific community remains skeptical, labeling cryonics as pseudoscience and raising legal and philosophical questions about identity and death.

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What's the story

The rich from the US are freezing themselves to skip the present times and wake up a hundred or a thousand years later into the future. Alcor Life Extension Foundation, a leading cryonics facility in the US, is offering this "futuristic" service, keeping these people frozen in shivery temperatures until future technologies bring them back to life! The company currently has 1,400 members and approximately 230 people have already been preserved!

Cryonics is the process of freezing live cells, tissues, and biological materials at below-freezing temperatures to preserve them. Usually, the sample is stored at -196 degrees Celsius! The foundation of cryonics is the belief that frozen, aged, and diseased persons may be restored and brought back to life by future technologies. Fundamentally, cryonics is a way to "buy time" until science catches up and can fully repair the preserved human bodies. Approximately 500 people globally have already undergone this procedure.

The wealthy are not only interested in preserving their bodies but also their wealth for potential future lives. To achieve this, they are creating "revival trusts" with the help of estate lawyers like House. These trusts function similarly to dynasty trusts used by the super-rich in the US to avoid federal tax when passing down wealth through generations, with the key difference being that revival trusts pass wealth down to oneself in a potential future life.

The cost of whole body cryopreservation at Alcor Life Extension Foundation is $220,000 (1,83,74,345) while neurocryopreservation - the process of freezing only the brain inside a severed head - is priced at $80,000 (66,81,580). These figures indicate that this futuristic approach to life extension remains accessible primarily to the affluent.

Most people consider cryonics to be a fringe pseudoscience. Members who used cryonics were rejected by the Society for Cryobiology, which said in a public statement that cryonics is "not science" and that it is a "personal choice" for individuals to choose the way they want to dispose of their bodies. Scientists have said unequivocally that this is science fiction at this time.

The practice of cryonics or cryopreservation raises complex philosophical and legal questions about identity and death. Key issues include whether a person is considered dead when cryonically preserved, and if they are legally the same person upon potential future revival. House explains that from a legal standpoint, someone can't be a beneficiary of their own trust, but a revived individual in the future could potentially be one.

The cryopreservation technique cannot be undone, and any potential cellular damage cannot be repaired, at least not with present medical knowledge. Future developments in regenerative medicine and nanotechnology are what Alcor and its backers are counting on to enable a comeback. Even if cryonic preservation could be feasible, many people doubt that it would ever be able to reverse the process and bring a deceased person back to life. Only time will tell!

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Rich people are freezing themselves; 230 already frozen! Here's why - NewsBytes