How to keep your bitcoins secure if you suddenly disappear (jail or prison) - page 4.

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: DieJohnny on November 16, 2014, 12:45:45 PM

Sadly the only solution that will come along is.... you guessed it....... trusted third parties with insurance.

You think this traditional banking is secure? Even if you ignore the institutionalized theft you have significantly more amortized security costs.

DieJohnny

legendary

Activity: 1639

Merit: 1006

I think this thread is exactly why Bitcoin hasn't taken off yet. There is no good answer to how to protect your coins.

Sadly the only solution that will come along is.... you guessed it....... trusted third parties with insurance.

To damn funny.

crazy-pilot

sr. member

Activity: 860

Merit: 253

SmartFi - EARN, LEND & TRADE

Quote from: inBitweTrust on November 15, 2014, 12:22:02 PM

Quote from: QuestionAuthority on November 15, 2014, 12:06:04 PM

Hum, maybe, but I'm not sure someone willing to beat you for your money would be reasonable or intelligent enough to understand. I think I'd rather have the money available to give them on the off chance they would let me go.

This is why Truecrypt and its decedents used encrypted containers so one could give up a one of the passwords revealing some of the keys or hidden information and there would be no way of knowing if their were other containers within.

This same practice could be used with Bitcoin were you give up some of your private keys when tortured.

IMO this is still too big of a risk. When you are being tortured, you are much more likely to give up information, so if you are asked if you gave up all your private keys/information then you will be more likely to tell the truth

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: inBitweTrust on November 15, 2014, 12:22:02 PM

Quote from: QuestionAuthority on November 15, 2014, 12:06:04 PM

Hum, maybe, but I'm not sure someone willing to beat you for your money would be reasonable or intelligent enough to understand. I think I'd rather have the money available to give them on the off chance they would let me go.

This is why Truecrypt and its decedents used encrypted containers so one could give up a one of the passwords revealing some of the keys or hidden information and there would be no way of knowing if their were other containers within.

This same practice could be used with Bitcoin were you give up some of your private keys when tortured.

That might be the solution. Have a stash of btc to give up if you need to.

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: QuestionAuthority on November 15, 2014, 12:06:04 PM

Hum, maybe, but I'm not sure someone willing to beat you for your money would be reasonable or intelligent enough to understand. I think I'd rather have the money available to give them on the off chance they would let me go.

This is why Truecrypt and its decedents used encrypted containers so one could give up a one of the passwords revealing some of the keys or hidden information and there would be no way of knowing if their were other containers within.

This same practice could be used with Bitcoin were you give up some of your private keys when tortured.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: inBitweTrust on November 15, 2014, 04:05:40 AM

Quote from: QuestionAuthority on November 15, 2014, 02:05:36 AM

That's good, they'd think you were lying about not having access and just beat you to death. The good news is they wouldn't have the money. lol

When you are being tortured you can prove to them that your money has been transferred or ntimelock'd with the public ledger.

Hum, maybe, but I'm not sure someone willing to beat you for your money would be reasonable or intelligent enough to understand. I think I'd rather have the money available to give them on the off chance they would let me go.

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: QuestionAuthority on November 15, 2014, 02:05:36 AM

That's good, they'd think you were lying about not having access and just beat you to death. The good news is they wouldn't have the money. lol

When you are being tortured you can prove to them that your money has been transferred or ntimelock'd with the public ledger.

The Bad Guy

sr. member

Activity: 280

Merit: 250

Since I use Electrum , I guess I will just keep the seed on my head to recover the wallet later ? Shocked

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: Baghead on November 13, 2014, 05:36:46 PM

Why bother going to the trouble and going threw the worry about will you be able to get your Bitcoins when/if you get out of your fema camp. Give your coins to somebody you love, but i guess you thought about that>?? Greedy then you should get a (uv tattoo) randomised only you know will do the trick. Personally a family member would have mine.

I guess they should love you too

3 people have access to my coins anytime they want. They will never touch them unless something happens to me.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: inBitweTrust on November 14, 2014, 10:12:56 PM

Quote from: QuestionAuthority on November 14, 2014, 11:52:34 AM

Classic slashdot meme right there.... and very true.... except, technically you can jump through a few hoops and even make this attack difficult. Setup a dead mans switch/trigger to send the coins to an ntimelock or wallet that you don't have immediate access to and cannot get immediate access to.

That's good, they'd think you were lying about not having access and just beat you to death. The good news is they wouldn't have the money. lol

KingOfSports

hero member

Activity: 602

Merit: 500

Acc bought - used solely for signature testing

Easy here:

You gives copies of half of the private key for a wallet and the other half you sign up for one of those email dead switches - after 60 days of not being around or something similar it emails out the rest of the code.

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: QuestionAuthority on November 14, 2014, 11:52:34 AM

Classic slashdot meme right there.... and very true.... except, technically you can jump through a few hoops and even make this attack difficult. Setup a dead mans switch/trigger to send the coins to an ntimelock or wallet that you don't have immediate access to and cannot get immediate access to.

p2pbucks

hero member

Activity: 642

Merit: 500

Evolution is the only way to survive

Quote from: bigasic on August 12, 2014, 09:54:31 PM

Id probably do a mutil sig paper wallet where you only need 2 of the 3 keys. you keep one in a safe place and give the other two to people you trust with your life and tell them to put it in a safe or safe deposit box. Or you can just do a plain paper wallet, but I believe the multi sig is actually safer, that means if one paper is compromised then you just need the other 2 to gain access. Basically, one person cant get to the coin.

Or you can do just a plain paper wallet/cold storage.. But given the scenario that you described, id opt for the mutli sig i think..

In this case , 1 of the 10 keys mutilsig might be much better

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

Yup and if you want random parts of your body chopped off, put subdermal NFC chips in them.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Flashman on November 14, 2014, 09:37:33 AM

Quote from: El Emperador on November 14, 2014, 09:12:48 AM

so your brain ( remembering seeds or mnemonic ) is the safest place to store your Bitcoins... In this case if they wanna know your passphrase they have to break your head in two... Grin

Maybe Hal heard that this was in the pipeline...

http://www.newscientist.com/article/mg22429934.000?cmpid=NLC|

Which is why he erred to the safe side and had his brainwallet put in cold storage.

Flashman

hero member

Activity: 518

Merit: 500

Hodl!

Quote from: El Emperador on November 14, 2014, 09:12:48 AM

so your brain ( remembering seeds or mnemonic ) is the safest place to store your Bitcoins... In this case if they wanna know your passphrase they have to break your head in two... Grin

Maybe Hal heard that this was in the pipeline...

http://www.newscientist.com/article/mg22429934.000?cmpid=NLC|

Which is why he erred to the safe side and had his brainwallet put in cold storage.

El Emperador

hero member

Activity: 658

Merit: 500

GreenAddress online wallet: https://greenaddress.it/en/
You gotta keep in mind your mnemonic ( 12 words ) and pin ( 4 numbers ) but it's enough to recover your funds when you go out of jail.

Or use Electrum in a similar way. You download the wallet, keep in mind your passphrase ( seed ) and then delete the wallet from your PC.

Any paper sheet and any hardware support like HD or USB drive could be seized by your government, so your brain ( remembering seeds or mnemonic ) is the safest place to store your Bitcoins... In this case if they wanna know your passphrase they have to break your head in two... Grin

Baghead

full member

Activity: 223

Merit: 100

Why bother going to the trouble and going threw the worry about will you be able to get your Bitcoins when/if you get out of your fema camp. Give your coins to somebody you love, but i guess you thought about that>?? Greedy then you should get a (uv tattoo) randomised only you know will do the trick. Personally a family member would have mine.

solitude

hero member

Activity: 674

Merit: 500

Quote from: BlindMayorBitcorn on November 09, 2014, 02:20:05 AM

Quote from: QuestionAuthority on August 17, 2014, 03:05:50 PM

Holy shit! How did this become a NSFW thread? I opened this up on a city bus and the woman sitting next to me moved to another seat. LOL

OP opens the thread depicting a Zionist White House conspiracy with Hitler standing two rows behind Ronald Reagan. You may already be an accomplice Undecided

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: QuestionAuthority on August 17, 2014, 03:05:50 PM

Holy shit! How did this become a NSFW thread? I opened this up on a city bus and the woman sitting next to me moved to another seat. LOL

OP opens the thread depicting a Zionist White House conspiracy with Hitler standing two rows behind Ronald Reagan. You may already be an accomplice Undecided

Topic: How to keep your bitcoins secure if you suddenly disappear (jail or prison) - page 4. (Read 17025 times)