Topic: Are You Doing This? - page 6. (Read 1117 times)
Well yes I do. If your family is what you can really calk a family then by all means I would trust them with it. They literally were the ones who fed me while growing up and trusted me enough to grow up into a fine human being so why would I not trust them with money. Its like how they say you cant really bring physical belongings to heaven so might as well leave them to people who can actually use them.
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family?
That is necessary and needed just like other investment and properties that we have. Talking about properties, many people don't like to disclose to their wives and relatives. So bitcoin or crypto is not different.
The people that don't have the habit of disclosing will also not find any reason to disclose.
Well, it is important that we let people that have earned their trust with us to know.
Yes my wife.
I didnt tell him literally those series of numbers for she wont even memorize it. Even me had not the guts to memorize it.
I just told her where I left it and what is the password to open it.
Also I left a paper on our secured vault and told here the private keys is also there.
You dont know when an accident will happen so better be prepared.
I have the same sentiments as I also share all the information to my wife and let her know about my private keys. So incase there's accident or emergency where it's needed to withdraw funds, she can deal with it. Though she's not fully aware but I managed to teach her how to do it and make sure that whatever happens, she's going to benefit with everything that I invested and have a life with my kids. I didnt tell him literally those series of numbers for she wont even memorize it. Even me had not the guts to memorize it.
I just told her where I left it and what is the password to open it.
Also I left a paper on our secured vault and told here the private keys is also there.
You dont know when an accident will happen so better be prepared.
Yes my wife.
I didnt tell him literally those series of numbers for she wont even memorize it. Even me had not the guts to memorize it.
I just told her where I left it and what is the password to open it.
Also I left a paper on our secured vault and told here the private keys is also there.
You dont know when an accident will happen so better be prepared.
I didnt tell him literally those series of numbers for she wont even memorize it. Even me had not the guts to memorize it.
I just told her where I left it and what is the password to open it.
Also I left a paper on our secured vault and told here the private keys is also there.
You dont know when an accident will happen so better be prepared.
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us [...]
Since I am not young, I did try that. Just my wife didn't want to hear about it (something like if we talk about what to do in case of bad things is bad karma).
So right now I don't have a good solution
. The funds are not that big, so it's not a huge issue and I hope I'll handle it before Bitcoin reaches 250k USD 
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
I immediately remembered the story of the CEO of the Quadriga CX exchange. When the director died, hundreds of users forever lost their Bitcoins, since only CEO had access.
This is all individual. If you are Scrooge McDuck, you can store your key somewhere in the attic and not tell anyone about it. If you have true friends or family members to the bone, then trust them. Then if an accident happens your money will not be frozen and useless.
For example, I entrusted my private key to my wife and I do not regret it, I am 100% sure of it, but this is only my personal decision, I do not give advice
The unwanted thing might happen to us, but everything has been set up, we can only strive for the best. We have digital assets and not everyone can know. The good thing is if we give this information to our family. All about the things we do in the crypto world, including telling us about the assets we have.
We all definitely wish the best for us. This I do because of my family that I can trust them to develop my investments. If at any time I die. I hope that all people in this industry can share knowledge about family or people you trust.
We all definitely wish the best for us. This I do because of my family that I can trust them to develop my investments. If at any time I die. I hope that all people in this industry can share knowledge about family or people you trust.
People are different, some are generous and think of others, some just the opposite. Personally, I don't think it makes sense to die and take some of your fortunes with you to the grave, especially if there are some nice people in our lives that those assets would mean a lot. It really all depends on who we have besides ourselves, do we have a good and faithful wife or someone who cheats on us at every opportunity? Children walking the right path in life, or alcoholics and drug addicts? Sometimes is better to burn everything then leave it to someone.
In the event that we choose to share our secrets with others, it is important to emphasize the importance of keeping such things private. Imagine sharing with your wife that you have 1 Bitcoin, and she posts it on social networks the next day
In the event that we choose to share our secrets with others, it is important to emphasize the importance of keeping such things private. Imagine sharing with your wife that you have 1 Bitcoin, and she posts it on social networks the next day
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
I think this is something really important what all the crypto world needs to hear to. After we saw a recent case where CEO of a top exchange died and the BTC was stuck in the wallet and thousands of people lost their money. We need some sort of legacy contract option in BTC or everyone atleast must tell their family members their private keys. Reason is that not only people would lose their money on a global level we are losing that amount of BTC from our total supply as they will be gone out of circulation forever. Thus an already deflationary currency will become more and more expensive in times to come. But another problem here is trust. Trusting your partner or children with all your funds can be a bit dangerous at times too. I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
There is only one person who knows my details about my engagement on cryptocurrency. the rule is don't give your details to anyone even your relatives can't be trusted when millions of dollars are on the table.
I followed these rules and didn't tell them anything about it except to my friend.
I know him well and I trust him and that's all it matters. as for his details, he trusted me with that. this is the bond between us.
We think the same when it comes a time if one of us will be gone someday the tokens that we are holding cannot be wasted.
and we made an oath to give us to our family since they don't know what we're doing. only one of us can withdraw our tokens and change it to fiat.
When my time comes or hers, all of the altcoins of deceased will be change to fiat and will be given to mine or her family.
I followed these rules and didn't tell them anything about it except to my friend.
I know him well and I trust him and that's all it matters. as for his details, he trusted me with that. this is the bond between us.
We think the same when it comes a time if one of us will be gone someday the tokens that we are holding cannot be wasted.
and we made an oath to give us to our family since they don't know what we're doing. only one of us can withdraw our tokens and change it to fiat.
When my time comes or hers, all of the altcoins of deceased will be change to fiat and will be given to mine or her family.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
I only trusted my privatekey to my wife only and nothing else. Like yours, I told and explain to her how to access my accounts and my bitcoin holdings in any case something happens. But as far as my children? no, they are too young to understand the intricacies of bitcoin and private keys.
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
Yes but not a copy of my private key but the place where I safely hide those wallets and also my wallet or exchanges account .I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
My Ether wallets are safe on my hard drive and both of my wife and brother knows how to open it or use it .
I think that it is better that way instead of keeping it to yourself and when something happen no one could use it .
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
Not to the whole family of course. Perhaps to my closest siblings who also have an idea of what crypto and bitcoin is. Or to my wife. I get the point that it would be a waste if something happens to you and nobody else has access to your crypto assets. A sensible person would look into such circumstances and would always plan ahead.
OP has a valid point here, there are so many stories of people with crypto investments dying abruptly and taking all their investments to the grave and i believe such investment would prove very beneficial to their families in their absence. People should strive to bequeath things that would help their families access their funds should they be dead or incapacitated.
My family are not interested in bitcoins. Even if i tell them they have their own opinions on it , some say it is illegal and i should stop using it asap.
I never tried to give them the private keys as they are hostile to bitcoins. But i always try my best to be lawyer to advocate bitcoins to them whenever i get the opportunity.
I never tried to give them the private keys as they are hostile to bitcoins. But i always try my best to be lawyer to advocate bitcoins to them whenever i get the opportunity.
I have been thinking about this... crypto are assets and should be treated as such... if something happens to me, I would like to know that the crypto I own is usefull to my wife and children, even if it is not worth a lot, it is always something...
But it is not easy because my children are very young and my wife is not prone to crypto... I'll have everything written down I think...
But it is not easy because my children are very young and my wife is not prone to crypto... I'll have everything written down I think...
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
@nankers yes I have already done something similar, I have kept all my bitcoin related details locked away in a vault which will only be accessible to my family when I’m gone. The reason I didn’t wish to give them such sensitive details now is because, I didn’t wish them to panic each time Bitcoin prices crash.
Hmm.. you've just gave me something to think about. Nobody in my family knows how to access my crypto holdings and if anything happens to me, God forbid, there is a chance the crypto will just be forgotten. On the other part you need to have full trust in them to not lose/burn/destroy your private keys lol depending on their take on cryptocurrencies 
@ChrisPop your concerns are valid, but I’m sure you’ll be able to find at least one person in your family whom you can trust with such details.
yes i do that . i use a local wallet and it needs a 4 digit pin to open .
i share those 4 digit pin to my wife so that she can access my wallet not because for preparation that if something bad happens ( hopefuly not ) but because i just love to share my own stuffs even the private ones to my wife .
i dont feel contented if i keep my own stuff a secret to my family members . aside from that , i also make a seprate wallet for my wife and then i send her some coins .
i share those 4 digit pin to my wife so that she can access my wallet not because for preparation that if something bad happens ( hopefuly not ) but because i just love to share my own stuffs even the private ones to my wife .
i dont feel contented if i keep my own stuff a secret to my family members . aside from that , i also make a seprate wallet for my wife and then i send her some coins .
Hmm.. you've just gave me something to think about. Nobody in my family knows how to access my crypto holdings and if anything happens to me, God forbid, there is a chance the crypto will just be forgotten. On the other part you need to have full trust in them to not lose/burn/destroy your private keys lol depending on their take on cryptocurrencies
Im sure everyone thinks about it and secure their keys and only tell people who they trust where and what is, most of us here our relatives are not interested with what we are doing but at least give them knowledge on what do to when something bad happens to us.
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