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Topic: How to keep your bitcoins secure if you suddenly disappear (jail or prison) - page 5. (Read 17023 times)

member
Activity: 175
Merit: 10
A tattoo is a good idea, it's just the suggested location that might not work tking into account that it's prison you're going to (if you're pretty enough).
legendary
Activity: 840
Merit: 1000
Just keep it in your secret email and dropbox. You will forget on how to get back your wallet if you make it too complicated...
member
Activity: 462
Merit: 10
Create your own black hole key encryption. whatever the hell that means.
hero member
Activity: 674
Merit: 500
If Hitler were alive today he'd listen to Slayer and have at least half of his savings in bitcoin
legendary
Activity: 1639
Merit: 1006
It's simple:
Keep your private key stored on an NFC tag implanted in your hand. Duh.

https://dangerousthings.com/shop/xnt-ntag216-2x12mm-glass-tag/

I see issues...

Car accident, lost limb
Infection, illness, death
Airport scanners
xrays



Firstly, how likely is it that you're going to lose your hand? Secondly, if you die, you can't use your bitcoin anyways. Third, airport scanners don't erase data. Forth, why does it matter if people know it's in your hand if it's encrypted? It's not like they're going to cut it out of your hand unless you're some form of international terrorist.

1. not likely but it is a risk
2. i am married, wife will need to know about my bitcoins anyway so why store in my dead hand
3. airport scanners aren't going to erase data, but my nfc will show up and i am then exposed to the govt and their endless questions about what i have stuffed in my ass or hand or whatever
4. xrays, well the last thing i want is a russian kidnapping my ass, finding out i have an nfc stuffed up me somewhere and me convincing them not to cut off my appendage because it is encrypted and i will never reveal my secret bip blah blah blah
legendary
Activity: 1624
Merit: 1008
It's simple:
Keep your private key stored on an NFC tag implanted in your hand. Duh.

https://dangerousthings.com/shop/xnt-ntag216-2x12mm-glass-tag/

I see issues...

Car accident, lost limb
Infection, illness, death
Airport scanners
xrays



Yes issue, Johnny dies.
sr. member
Activity: 377
Merit: 250
https://keybase.io/magicmann
It's simple:
Keep your private key stored on an NFC tag implanted in your hand. Duh.

https://dangerousthings.com/shop/xnt-ntag216-2x12mm-glass-tag/

I see issues...

Car accident, lost limb
Infection, illness, death
Airport scanners
xrays



Firstly, how likely is it that you're going to lose your hand? Secondly, if you die, you can't use your bitcoin anyways. Third, airport scanners don't erase data. Forth, why does it matter if people know it's in your hand if it's encrypted? It's not like they're going to cut it out of your hand unless you're some form of international terrorist.
legendary
Activity: 1639
Merit: 1006
It's simple:
Keep your private key stored on an NFC tag implanted in your hand. Duh.

https://dangerousthings.com/shop/xnt-ntag216-2x12mm-glass-tag/

I see issues...

Car accident, lost limb
Infection, illness, death
Airport scanners
xrays

sr. member
Activity: 377
Merit: 250
https://keybase.io/magicmann
It's simple:
Keep your private key stored on an NFC tag implanted in your hand. Duh.

https://dangerousthings.com/shop/xnt-ntag216-2x12mm-glass-tag/
newbie
Activity: 36
Merit: 0
why don't you just sell it?or tell someone you trusted to hold it.but i recommend you store in bank.
member
Activity: 70
Merit: 10
★Bitin.io★ - Instant Exchange
Give the backup of btc address to your wife/husband or the people who you trust  completely.
hero member
Activity: 674
Merit: 500
legendary
Activity: 2926
Merit: 1386
How safe are your butts if you suddenly got lasso'd up and thrown in the slammer?

All your computer equipment is now (hopefully) in your families possession.

Cloud storage will likely vanish or just auto-delete after one or two years of no logins

wat do






Emboss them on stainless steel strips.  

This machine is DYMO M1011, basically pretty much obsolete - but not for this job.

Put copies of the strips in a container, put container in safe locations.

https://www.youtube.com/watch?v=TRWEJfUFdOg

here is the machine and the tapes from the mft's website, but old ones are for sale on ebay.

http://www.dymo.com/SearchDisplay?pageSize=12&pageView=list&catalogId=10551&facet=ads_f16001_ntk_cs%3A%22ind-embossing-non-adhesive-stainless-steel-tag-1-2-in%22&beginIndex=0&langId=-1&storeId=20051

http://www.dymo.com/en-US/view-all-labels/dymo-embosser-labels/dymo-embosser-labels/ind-embossing-non-adhesive-stainless-steel-tag-1-2-in
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Well you could transfer them to a brain wallet, that is safe - meaning the passphrase really is complex - that way only you can access the coins, whatever happens. They could take your computer and everything.. Your coins would be safe. Another method would be memorizing an Electrum seed!
I like the idea of memorizing your seed. The issue with this however is that it is not guaranteed that electrum would be around when you get out of jail so you would risk that your private keys would permanently be lost.

This really only leaves using a brain wallet. This is really the only way that you can be sure that your bitcoin is safe, assuming that you are able to use a sufficiently secure pass phrase.

I actually solved that problem of electrum not being around by writing a stand alone python script.
Anyone can use it and copy it.  you can find it here:
https://bitcointalksearch.org/topic/electrum-seed-recovery-stand-alone-python-script-612143
member
Activity: 116
Merit: 10
★☆★ dont let others hurt your sk
RAR 5+ with 100% recovery record. Store. Encrypted.

Cool.. Can you explain it more?
hero member
Activity: 674
Merit: 500
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
RAR 5+ with 100% recovery record. Store. Encrypted.
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
So funny that your bitcoins could not be discovered and collected if you suddenly disappear. I never thought of this usage of Bitcoin as a safe storage for treasure. Whatever it is absolutely safe or not, it is safer than depositing money in banks. 

This is probably what Mark Karpeles is doing Tongue He can easily have a bunch of bitcoins stashed somewhere safe for when things calm down for him, he can take it out, cash out the coins and still be a multimillionaire.
hero member
Activity: 674
Merit: 500
sr. member
Activity: 350
Merit: 250
'Slow and steady wins the race'
Well you could transfer them to a brain wallet, that is safe - meaning the passphrase really is complex - that way only you can access the coins, whatever happens. They could take your computer and everything.. Your coins would be safe. Another method would be memorizing an Electrum seed!
I like the idea of memorizing your seed. The issue with this however is that it is not guaranteed that electrum would be around when you get out of jail so you would risk that your private keys would permanently be lost.

This really only leaves using a brain wallet. This is really the only way that you can be sure that your bitcoin is safe, assuming that you are able to use a sufficiently secure pass phrase.
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