Topic: Bitcoin After Death - The Will... (Read 2621 times)
This sounds very easy but it is very difficult to decide who someone can have such high level of trust on because if we are talking about centralized financial system the bank will ask some security question before withdrawal. It is advisable to keep it with your wife.
Give it another few years and your wallet will be linked to your heartbeat. As soon as you cark it your coins will go to predetermined addresses. Job done.
Code:
Are you sure you wish to die Y/N ?
What happens if i amass a fortune in bitcoins and i die. Who will guarantee my fortune is divided among those in my Will?
Who would you trust with your private keys?
Who would you trust with your private keys?
I would imagine that in your will that your attorney holds in a safe you would leave exacting instructions how to recover the private key. For example the will could hold the password for a master key to unlock your other passwords, or have the missing link in a mutisignature system (ie your family has a section, and the will has a section too).
Should you be using a Paper Wallet or even a Brain Wallet things may get more complicated.
You could also hide the RF from a physical (bit) coin inside a tooth (if you are paranoid that is)
Bitcoin is the first social experiment where every one must agree with all the part of bitcoin ecosystem to change anything in it without a central governance like any other altocoin like ehtereum, litecoin etc.
If bitcoin failed then the experiment will failed. Is so simple.
If bitcoin failed then the experiment will failed. Is so simple.
Well, if you told someone about the ID, then your money is safe.
Well, using Multisig is useful too.
Well, using Multisig is useful too.
The worst part was if you die, and nobody has a way to get your coins. Lost forever.
No one will touch it if you they don't got the keys to your wallet.
I think in the future there will be someone that will creates something for it.
I think in the future there will be someone that will creates something for it.
Well here's something you can do, assuming they know how to use bitcoins in the first place.
Make paper wallets for each one and give them the decryption password for it. And when you die they can use the bitcoins if they remember the passphrase and they can't take the bitcoins which was meant for the other member as they wouldn't be able to decrypt it.
Print the paper wallets in their name, keep them safe for you wouldn't want them to spend it while you're still alive and when you die they can use it with their passwords.
Make paper wallets for each one and give them the decryption password for it. And when you die they can use the bitcoins if they remember the passphrase and they can't take the bitcoins which was meant for the other member as they wouldn't be able to decrypt it.
Print the paper wallets in their name, keep them safe for you wouldn't want them to spend it while you're still alive and when you die they can use it with their passwords.
They may not find the paper wallet when you die. It is better to use a mutisignature system to execute the will.
Well here's something you can do, assuming they know how to use bitcoins in the first place.
Make paper wallets for each one and give them the decryption password for it. And when you die they can use the bitcoins if they remember the passphrase and they can't take the bitcoins which was meant for the other member as they wouldn't be able to decrypt it.
Print the paper wallets in their name, keep them safe for you wouldn't want them to spend it while you're still alive and when you die they can use it with their passwords.
Make paper wallets for each one and give them the decryption password for it. And when you die they can use the bitcoins if they remember the passphrase and they can't take the bitcoins which was meant for the other member as they wouldn't be able to decrypt it.
Print the paper wallets in their name, keep them safe for you wouldn't want them to spend it while you're still alive and when you die they can use it with their passwords.
intressting i got the same question was laying awake last night in bed and this question popped into my head , i have most of my btc on coinbase maybe i can ask them to set something up? otherwise i just give them all my passwords mail phone and everything and they just setupt their own btcwallet and transfer my money there i guess.
Give it another few years and your wallet will be linked to your heartbeat. As soon as you cark it your coins will go to predetermined addresses. Job done.
I think it is a good idea if there is no false alarm. If the heart beat sensor malfunctioned, and send the coins too early, you will have nothing left.
haha, yep. I thought about that too. You can't rely on medical devices complitely, they might fail the very inappropriate moment.
Give your private keys to your wife if you have one, or give them to a family member you love the most.
I didn't even think about this before i was reading this thread...
My wife has a copy of my Keepass database containing all accounts for all online sources that owe me money, it might be a good idear to put my electrum seed in there to.
My wife has a copy of my Keepass database containing all accounts for all online sources that owe me money, it might be a good idear to put my electrum seed in there to.
Bitcoin is anonymous, how can they know how are you going divide your bitcoin, unless you writing your will before you die
but if you asked me, i think you should give the private key to your family member
but if you asked me, i think you should give the private key to your family member
If you save your bitcoin, your son will suddenly become a very rich man, of course, you have to tell him that you know all of them. 
Imagine having Robert Langdon of Angels and Demons saw a private key in a discreet manner after Louvre curator died, that would've been cooler I suppose 
Give it another few years and your wallet will be linked to your heartbeat. As soon as you cark it your coins will go to predetermined addresses. Job done.
I think it is a good idea if there is no false alarm. If the heart beat sensor malfunctioned, and send the coins too early, you will have nothing left.
Give it another few years and your wallet will be linked to your heartbeat. As soon as you cark it your coins will go to predetermined addresses. Job done.
What happens if i amass a fortune in bitcoins and i die. Who will guarantee my fortune is divided among those in my Will?
Who would you trust with your private keys?
Who would you trust with your private keys?
That's a good question!
I guess that anyone that has a lot of coins in a holding Bag already thought about that.
In my case I would trust my daughter to have my keys.
But now that you mention it, this is a situation that needs trusted services and businesses to handle it. I'm sure that the blockchain tech will give birth to a business that can fulfil this demand!
I would trust only my closest family, but things chance very quickly with family too... in the end "blood is thicker than water" ...you need to trust at least one family member.
I would use two safe deposit boxes and store multiple keys in both boxes and give the keys to these boxes to different people. If something happens with one of the parties,
there are a duplicate box, with another set of keys and instructions.
I would use two safe deposit boxes and store multiple keys in both boxes and give the keys to these boxes to different people. If something happens with one of the parties,
there are a duplicate box, with another set of keys and instructions.
What happens if i amass a fortune in bitcoins and i die. Who will guarantee my fortune is divided among those in my Will?
Who would you trust with your private keys?
Who would you trust with your private keys?
Keep the private key in a bank vault with permission for the administrator of your will access to it if you kick the bucket I suppose
Jump to: