Topic: How to keep your bitcoins secure if you suddenly disappear (jail or prison) - page 6. (Read 17025 times)

Paper wallet(s) (plain text private keys). Store them as a blank file, and TrueCrypt it. My stuff is already TrueCrypted. If I were to get a no-knock for whatever reason tomorrow my entire funds would be secure. You can additionally publicly store the truecrypted file on any hosting site, write to CDs, SD cards, USB sticks in case your property gets seized. Also, you could enigma/encode your private keys and post the encrypted messages on Twitter, Facebook, Email, etc. Some place where they will always exist. Maybe even write the message in a solved Block via a transaction. When you want the encoded message, just remember which block. A random garbled message isn't likely to make people think it's an encrypted bitcoin private key.

Also 4th and 5th Amendment. Plus "Oh, I'm sorry judge. I can't remember my password..."

Brain wallets do not work, if the password has ever been on the internet ANYWHERE.



Here is my attempt.

Buy the following:

1 - 2" diameter X 4" long steel pipe nipple (threaded on both ends)
2 - 2" diameter threaded end caps.
1 - 1/8 thick X 1" wide X 4" long flat steel
1 - Set of metal punches. Lowercase and Capitals 0-9 (Yes this will cost you some money)

Stamp your private key into piece of flat steel. Insert stamped plate into pipe, tighten on both ends caps to make it water and air tight.

Get a long narrow planters shovel and head to the graveyard at night. Pretend like you are on your hands preying at your grandfathers grave and slice a small circle of grass out and set it aside. Dig an 8 inch deep hole drop in pipe, fill in hole with dirt, replace grass patch. It will grow back within a week or so. No one is going to be digging up a graveyard looking for bitcoins.

Once out of jail, buy a metal detector and at night go to your grandfathers grave to retrieve steel pipe.  

BONUS: Make the private key BIP38 encrypted and put the password in a second pipe. Bury this one above the grave closest to the exit of the graveyard. You will definitely need that before leaving.  

This will stay in tact for 100+ years and will be easy to remember because no one forgets where their grandfather is buried. (Providing you knew him as a young boy)

nLockTime transactions do that now - they allow you to sign a transaction that cannot be accepted onto the network before a certain block height. If you decide you don't want that transaction to go through, move the coins to a new address, and issue a new nLockTime transaction.

I thought about creating a service, like boomerang for gmail: Person signs a transaction from A->B, but doesn't broadcast it. My server will broadcast the transaction only if you don't check in for the last 30 days. If you get thrown in jail (or die), no one would suspect that transaction is yours.

What online "cloud" service is likely to still be online five years from now?  Ten years?

Microsofts?  Googles?

What's the issue with placing your wallet.dat in a winrar container and password protect it and upload it to the "cloud"?

This is a very good point. Even if you ignore the fact that most people do not have the mental capacity to be able to memorize a random set of letters/numbers the size of a private key. It has been shows that many inmates leave jail/prison in a worse state then they entered, and many become more violent and are prone to more criminal activity then when they went in.