Topic: How would you give someone access to your wallets when you are dead? (Read 1377 times)
Before i die, i will put my bitcoins in one paper wallet and i will explain it to my wife or to my children even since we are together so i will be comfortable and feel safe if the problems will come because they already know how to get the money there and use it when they need it. It is like insurance but a little bit secure and cheap because paper wallet is not expensive.
May 21, 2017, 05:13:11 AM
If you are really paranoid and don't trust anyone, you can create a deadman's switch by writing a program that will release your private keys to appointed person(s) if you will fail to enter your secret phrase during some time window. For example, you can set it up to require entering your phrase once a year to prove that you are alive, so even if you'll get sick/lose access to your device for some time, you will still have time to reset timer. Maybe it will be possible to create such mechanism on blockchain with some smart contract.
May 21, 2017, 04:14:31 AM
Actually, it shouldn't be hard. Most people leave a will where they tell people what they're going to give away and to whom.
All that you have to do is explain in a digital will or something exactly what Bitcoin is, why it's valuable, and where to find your paper wallet.
I would keep savings in a paper wallet stored in a safe underground or somewhere else hidden and completely under my control, so that my family members could access it as soon as I tell them where it is in my will. You don't need them to know where your paper wallet is until you're dead.
All that you have to do is explain in a digital will or something exactly what Bitcoin is, why it's valuable, and where to find your paper wallet.
I would keep savings in a paper wallet stored in a safe underground or somewhere else hidden and completely under my control, so that my family members could access it as soon as I tell them where it is in my will. You don't need them to know where your paper wallet is until you're dead.
May 21, 2017, 03:46:49 AM
nice question.
well i didn't think about that because i am only 20 and i know many things will happen throughout my life. but if i am dying i will write the private key of my wallet and the instructions to claim the bitcoins in my wallet and store it in safety deposit box or i forgot to wrote an instruction to claim it well, i will tell my lawyer the instructions to claim the bitcoin
well i didn't think about that because i am only 20 and i know many things will happen throughout my life. but if i am dying i will write the private key of my wallet and the instructions to claim the bitcoins in my wallet and store it in safety deposit box or i forgot to wrote an instruction to claim it well, i will tell my lawyer the instructions to claim the bitcoin
May 21, 2017, 02:12:42 AM
You should just include all of the information in a private letter as your testimony.
The letter should include keys, memory storage, passwords and possible instruction how to use the wallett and to keep it safe. To be secured use two letters in case something happens to the first one.
There is another option. If you are going to freeze yourself before death, maybe someone will be able to revive you and torture you chemicly so you tell, about every wallett you ever had.
The letter should include keys, memory storage, passwords and possible instruction how to use the wallett and to keep it safe. To be secured use two letters in case something happens to the first one.
There is another option. If you are going to freeze yourself before death, maybe someone will be able to revive you and torture you chemicly so you tell, about every wallett you ever had.
May 21, 2017, 02:10:39 AM
Let's just say that you have got your bitcoins on a ledger wallet or stored somewhere else. What are the best possibilities to let other people have access to them when something unfortunate happens?
I am looking for an idea but I don't just want to give easy access, they have to work for it like a puzzle. How would you do that?
I think you should just made backup and save private key of your wallet where you store your Bitcoin and then save that at that place where no one can easily reach .I am looking for an idea but I don't just want to give easy access, they have to work for it like a puzzle. How would you do that?
But be careful , told about this to your family that after anything that got bad with you than he should use this for the use in the future for the earning or directly sell ( if he didn't want to do something with the Bitcoin ) .
In this way you can save your money for lifetime even after your death your family member will be able to access your money .
Here second idea also wondering in my kind that , make a question keyword for the password of your wallet and that no one can access easily ( suppose any incident that happen with your son or daughter , and that thing only you and your one knows about it ) .
May 21, 2017, 01:52:15 AM
A great idea but never thought of until I read this article! But everything will be lost when too many people know. You should be prepared for the worst situation, but you may have to use a paper wallet with some characters reminiscent of it
May 20, 2017, 11:16:01 PM
I have planned of explaining it to the family members as well teach them access my wallet in the absence of me. It is very simple same as using a social networking site. Also have made a backup on a paper wallet documented to the list of essential files.
May 20, 2017, 11:13:05 PM
A good idea would be to implement some kind of mechanism that would automatically transfer all the coins to a specified account after a time threshold.
Example:
Person dies... This person configured a mechanism which will be triggered after 1 year.
1 year passed.
All coins are automatically transferred to configured account.
While the person is alive, the person is responsible to update the timer in some way to prove person is still alive. It will not be updated in case that person dies, and as result the function is executed.
That could be implemented in the Bitcoin protocol itself. Not sure if this would be possible, but maybe there are other ways.
Example:
Person dies... This person configured a mechanism which will be triggered after 1 year.
1 year passed.
All coins are automatically transferred to configured account.
While the person is alive, the person is responsible to update the timer in some way to prove person is still alive. It will not be updated in case that person dies, and as result the function is executed.
That could be implemented in the Bitcoin protocol itself. Not sure if this would be possible, but maybe there are other ways.
it is possible and it is called locktime, you create a transaction and set the locktime of the transaction to a specific time or block height that you like and then sign it. you can give it to anyone, put it up in a server that broadcasts it at a specific time or just post it in public, that transaction can not be mined until the locktime is reached.
and if you were alive by the deadline you should spend the funds to a new address before the tx becomes valid.
May 20, 2017, 09:40:52 PM
A good idea would be to implement some kind of mechanism that would automatically transfer all the coins to a specified account after a time threshold.
Example:
Person dies... This person configured a mechanism which will be triggered after 1 year.
1 year passed.
All coins are automatically transferred to configured account.
While the person is alive, the person is responsible to update the timer in some way to prove person is still alive. It will not be updated in case that person dies, and as result the function is executed.
That could be implemented in the Bitcoin protocol itself. Not sure if this would be possible, but maybe there are other ways.
Example:
Person dies... This person configured a mechanism which will be triggered after 1 year.
1 year passed.
All coins are automatically transferred to configured account.
While the person is alive, the person is responsible to update the timer in some way to prove person is still alive. It will not be updated in case that person dies, and as result the function is executed.
That could be implemented in the Bitcoin protocol itself. Not sure if this would be possible, but maybe there are other ways.
May 20, 2017, 09:12:18 PM
This is an important question. I only have access to my wallet that i never shared with anyone. I think we should choose our nominee who may have all the access of our saving accounts. Otherwise, nobody will know how many btc or eth we left before we die.
Well, we only need to find candidates according to the criteria we want. With that, we can inherit all the btc we have before we die. 
May 20, 2017, 09:07:00 PM
Interesting, all these people claiming that they will give someone Bitcoin access when they are dead is just funny to me because from what I know Bitcoin would be the very least thing dead people will be thinking about if they roam the earth.
Some kind of ghost flying around talking about Bitcoin would be kind of sad to see.
Ghost Guy: "Hey, you want some Bitcoins?"
Alive Person: "Nah"
Ghost Guy: "Oh"
What if nobody cares what Bitcoin is when that Ghost died? There just is no real point to even think about it after death.
Having it in a will is a different story though.
Some kind of ghost flying around talking about Bitcoin would be kind of sad to see.
Ghost Guy: "Hey, you want some Bitcoins?"
Alive Person: "Nah"
Ghost Guy: "Oh"
What if nobody cares what Bitcoin is when that Ghost died? There just is no real point to even think about it after death.
Having it in a will is a different story though.
Obviously the OP ment in a will. You just keep s paper wallet and instructions in your safe as you should be doing so anyway because you need to backup things physically as well as digitally and s paper wallet is ideal and will survive. Laminate that thing and you will have it for life easily.
May 20, 2017, 08:35:32 PM
All my bitcoin is stored on my phone. Hopefully I won't die in an explosion or something, because then all will be lost. If that doesn't happen, whoever retrieves my phone first is the beneficiary. One of these days I'm going to put together a will and leave everything to the drug rehab I work at. That'll include cash and the no doubt enormous amount of bitcoin (lol) I hold when I finally kick the bucket. I'll save that list of words that acts as an account-recovery thing. I'll put that damn thing in my will.
May 20, 2017, 08:32:22 PM
Let's just say that you have got your bitcoins on a ledger wallet or stored somewhere else. What are the best possibilities to let other people have access to them when something unfortunate happens?
I am looking for an idea but I don't just want to give easy access, they have to work for it like a puzzle. How would you do that?
Make a text file on your destop ,Save all the details and name it passwords of my bitcoin wallets. Maybe someone on your family knows bitcoin ,and when a bad thing happens to you ,they can still access your account. I am looking for an idea but I don't just want to give easy access, they have to work for it like a puzzle. How would you do that?
May 20, 2017, 08:17:01 PM
Interesting question, I never thought about it because I don't expect to die soon, lol.
Maybe I would create letter with my bitcoin wallet private keys and instruction how to use it. They would be able to read that letter only after my death. There I also would leave my login details of PayPal account and other cash systems.
Who knows? The only person I would give my wallet after my death is my mother because I can really trust her. So it doesn't matter anyway. Maybe I would create letter with my bitcoin wallet private keys and instruction how to use it. They would be able to read that letter only after my death. There I also would leave my login details of PayPal account and other cash systems.
I would give my mother a paper with my wallet seed, since I trust her. She would know what to do next.
Do you think that your mother will live longer than you?
May 20, 2017, 07:24:07 PM
Interesting, all these people claiming that they will give someone Bitcoin access when they are dead is just funny to me because from what I know Bitcoin would be the very least thing dead people will be thinking about if they roam the earth.
Some kind of ghost flying around talking about Bitcoin would be kind of sad to see.
Ghost Guy: "Hey, you want some Bitcoins?"
Alive Person: "Nah"
Ghost Guy: "Oh"
What if nobody cares what Bitcoin is when that Ghost died? There just is no real point to even think about it after death.
Having it in a will is a different story though.
Some kind of ghost flying around talking about Bitcoin would be kind of sad to see.
Ghost Guy: "Hey, you want some Bitcoins?"
Alive Person: "Nah"
Ghost Guy: "Oh"
What if nobody cares what Bitcoin is when that Ghost died? There just is no real point to even think about it after death.
Having it in a will is a different story though.
May 20, 2017, 07:22:13 PM
This is an important question. I only have access to my wallet that i never shared with anyone. I think we should choose our nominee who may have all the access of our saving accounts. Otherwise, nobody will know how many btc or eth we left before we die.
May 20, 2017, 07:14:10 PM
Interesting question, I never thought about it because I don't expect to die soon, lol.
Maybe I would create letter with my bitcoin wallet private keys and instruction how to use it. They would be able to read that letter only after my death. There I also would leave my login details of PayPal account and other cash systems.
Maybe I would create letter with my bitcoin wallet private keys and instruction how to use it. They would be able to read that letter only after my death. There I also would leave my login details of PayPal account and other cash systems.
I would give my mother a paper with my wallet seed, since I trust her. She would know what to do next.
Do you think that your mother will live longer than you? 
May 20, 2017, 06:55:21 PM
Create a paper wallet, put it in a bank safety deposit box... yes banks are good for something. The irony should be obvious.
Ironically, banks are perhaps the only institution that have proven to be able to achieve things similar to this through the ages. This might be ironical but a Bitcoin equivalent for such a service would sound more funny. May 20, 2017, 06:50:07 PM
I would give my mother a paper with my wallet seed, since I trust her. She would know what to do next.
Obligatory "hey its me ur brother". ( ͡° ͜ʖ ͡°)
personally I told my family where I keep my paper wallets , of course they can steal it whenever they want 
not sure how to let them access your wallets after your death , maybe thro a lawyer where you can keep your wish after your death or something like that
not sure how to let them access your wallets after your death , maybe thro a lawyer where you can keep your wish after your death or something like that
Obligatory "hey its me ur brother". ( ͡° ͜ʖ ͡°)
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