Topic: I have to survive.. (Read 1199 times)
I think your best bet on how to deal with the possibility of losing your bitcoins would be to entrust the info to a trusted family member and teach them how to use it, and since you seem to be in good terms with your family, then I would say that you should do it as soon as possible, because you'll never know when something unpleasant will happen to you. I'm not in good terms with my family, so if I had a stash of bitcoins lying around then for sure I won't let them have it!
hmm
so, let's try something else
reconfiguring the last proposals and fixing the bugs
1.create a new google account that no one knows about, set the security question to some mambo-jumbo so it can never be guessed
2.upload your wallet data to that google account with another text document describing how to use bitcoin or/and how to sell it
3.delete your browser history! this is important as someone might find your new e-mail adress, or he can simply log-in to your account
4.Leave a will with notes for 4 family members
5.leave a note to person no.1 saying "google docs"
6.leave a note to person no.2 saying "my_email@" but don't leave gmail after it so he needs to contact other family members for further info
7.leave a note to person no.3 with your password without any further info
8.leave a note to person no.4 saying "Note that family should stick together"
this is fucking genius, I admire myself
lol you are hilarious so, let's try something else
reconfiguring the last proposals and fixing the bugs
1.create a new google account that no one knows about, set the security question to some mambo-jumbo so it can never be guessed
2.upload your wallet data to that google account with another text document describing how to use bitcoin or/and how to sell it
3.delete your browser history! this is important as someone might find your new e-mail adress, or he can simply log-in to your account
4.Leave a will with notes for 4 family members
5.leave a note to person no.1 saying "google docs"
6.leave a note to person no.2 saying "my_email@" but don't leave gmail after it so he needs to contact other family members for further info
7.leave a note to person no.3 with your password without any further info
8.leave a note to person no.4 saying "Note that family should stick together"
this is fucking genius, I admire myself
=)) 
hmm
so, let's try something else
reconfiguring the last proposals and fixing the bugs
1.create a new google account that no one knows about, set the security question to some mambo-jumbo so it can never be guessed
2.upload your wallet data to that google account with another text document describing how to use bitcoin or/and how to sell it
3.delete your browser history! this is important as someone might find your new e-mail adress, or he can simply log-in to your account
4.Leave a will with notes for 4 family members
5.leave a note to person no.1 saying "google docs"
6.leave a note to person no.2 saying "my_email@" but don't leave gmail after it so he needs to contact other family members for further info
7.leave a note to person no.3 with your password without any further info
8.leave a note to person no.4 saying "Note that family should stick together"
this is fucking genius, I admire myself
so, let's try something else
reconfiguring the last proposals and fixing the bugs
1.create a new google account that no one knows about, set the security question to some mambo-jumbo so it can never be guessed
2.upload your wallet data to that google account with another text document describing how to use bitcoin or/and how to sell it
3.delete your browser history! this is important as someone might find your new e-mail adress, or he can simply log-in to your account
4.Leave a will with notes for 4 family members
5.leave a note to person no.1 saying "google docs"
6.leave a note to person no.2 saying "my_email@" but don't leave gmail after it so he needs to contact other family members for further info
7.leave a note to person no.3 with your password without any further info
8.leave a note to person no.4 saying "Note that family should stick together"
this is fucking genius, I admire myself
You should encrypt that document with another password otherwise google and of course the NSA can see right through it. Only a precaution since you never now how far they will go in 10 or 20 years. Maybe its not only terror or industry espionage but hunting down everything... because they can.
hmm
so, let's try something else
reconfiguring the last proposals and fixing the bugs
1.create a new google account that no one knows about, set the security question to some mambo-jumbo so it can never be guessed
2.upload your wallet data to that google account with another text document describing how to use bitcoin or/and how to sell it
3.delete your browser history! this is important as someone might find your new e-mail adress, or he can simply log-in to your account
4.Leave a will with notes for 4 family members
5.leave a note to person no.1 saying "google docs"
6.leave a note to person no.2 saying "my_email@" but don't leave gmail after it so he needs to contact other family members for further info
7.leave a note to person no.3 with your password without any further info
8.leave a note to person no.4 saying "Note that family should stick together"
this is fucking genius, I admire myself
so, let's try something else
reconfiguring the last proposals and fixing the bugs
1.create a new google account that no one knows about, set the security question to some mambo-jumbo so it can never be guessed
2.upload your wallet data to that google account with another text document describing how to use bitcoin or/and how to sell it
3.delete your browser history! this is important as someone might find your new e-mail adress, or he can simply log-in to your account
4.Leave a will with notes for 4 family members
5.leave a note to person no.1 saying "google docs"
6.leave a note to person no.2 saying "my_email@" but don't leave gmail after it so he needs to contact other family members for further info
7.leave a note to person no.3 with your password without any further info
8.leave a note to person no.4 saying "Note that family should stick together"
this is fucking genius, I admire myself
teach them about it. So at least they can use it
It's an interesting scenario, though. If bitcoin one day rules the financial world as the basket currency, then one day a rich businessman with a financial empire could die and lock a wallet that is crucial to an entire large corporation, with holdings in real estate, commodities, stock, bonds. Would that money just "dissapear", how would society deal with that?
Whenever I undertake risk I am considering it twice as much as I used to
With me gone also my coin will disappear, nothing of my stash value will left for my family, it is both fascinating and scary
Who among you share the feeling
With me gone also my coin will disappear, nothing of my stash value will left for my family, it is both fascinating and scary
Who among you share the feeling
Just teach them how to sell your BTC and tell them how much they will get. They will be OH YES!!!
I wonder what rich person would think about allowing other persons partly access to his bank account. The same risks apply to bitcoins then. Cousin A and B steal the code from aunt C and... your coins are gone... but i guess you either can do it through the official way with a lawyer and paying death duty and spreading among persons you might dont like or risk the access with persons... at the end you have to trust someone regardless.
Whenever I undertake risk I am considering it twice as much as I used to
With me gone also my coin will disappear, nothing of my stash value will left for my family, it is both fascinating and scary
Who among you share the feeling
With me gone also my coin will disappear, nothing of my stash value will left for my family, it is both fascinating and scary
Who among you share the feeling
Just teach them how to sell your BTC and tell them how much they will get. They will be OH YES!!!
Distributing among people implements another risk. When one of these persons vanish or the piece of code is lost then everything is lost.
Break up the keys and give them to multiple people. More money means more people to distribute the code. This means that any conspiracy to steal your wealth would require enough people such that the distribution of the ill-gotten gains are not individually worth it. Also, the more people that have a portion of the keys, the higher the probability that one or more of them would be unwilling to participate.
I don't know my family situation is rather complex.
but definitely at some point I have to devise some way to pass my bitcoin
what appeal to my is letter with cold storage, and testament
if price not fall to zero in this year I have to arrange something
anyway I am thinking about this more and more since my coins grown on appreciation
but definitely at some point I have to devise some way to pass my bitcoin
what appeal to my is letter with cold storage, and testament
if price not fall to zero in this year I have to arrange something
anyway I am thinking about this more and more since my coins grown on appreciation
upload your wallet data to multiple storage services online just to be safe, and lock them with a password
then in your will, leave a link and a password with your data
hope I helped
In this example, anyone who can access your will can access your bitcoins. I prefer M of N where you need multiple pieces of information (held by different people) in order to access the bitcoins.
I don't know my family situation is rather complex.
but definitely at some point I have to devise some way to pass my bitcoin
what appeal to my is letter with cold storage, and testament
if price not fall to zero in this year I have to arrange something
anyway I am thinking about this more and more since my coins grown on appreciation
but definitely at some point I have to devise some way to pass my bitcoin
what appeal to my is letter with cold storage, and testament
if price not fall to zero in this year I have to arrange something
anyway I am thinking about this more and more since my coins grown on appreciation
upload your wallet data to multiple storage services online just to be safe, and lock them with a password
then in your will, leave a link and a password with your data
hope I helped
I don't know my family situation is rather complex.
but definitely at some point I have to devise some way to pass my bitcoin
what appeal to my is letter with cold storage, and testament
if price not fall to zero in this year I have to arrange something
anyway I am thinking about this more and more since my coins grown on appreciation
but definitely at some point I have to devise some way to pass my bitcoin
what appeal to my is letter with cold storage, and testament
if price not fall to zero in this year I have to arrange something
anyway I am thinking about this more and more since my coins grown on appreciation
dont worry send em to me
nooo
send them to me
just kidding
it's quite simple actually
just teach someone from your family how to use bitcoins and one day if you die he will be able to take over
dont worry send em to me
I believe i know what he means. Having your wealth at a bank account makes pretty sure that your relatives will get the money when you die for some reason. If you have a wallet at your pc then... thats a different thing. They have to know that you have the wallet, they need to know the password or private key. So you need to give these details to someone... otherwise your bitcoins will be lost for everyone. When you dont have someone you really trust you have a big problem since you dont want to log into your wallet one day and your coins are gone. Will you give the private key to a lawyer instead? If he is using it how will you prove it? And and and... Bitcoins have some problems one has to think about. Of course only if you care and dont want that your "riches" are landing in the rubbish or on ebay.
I meant thissolution isn't so obvious as people think, if one thinks about it deeper
I struggle in my mind with idea that my 'I have to survive' philosophy is best at this point
Look at M of N paper backups and devise a scheme from there.
Split the pieces among your family member and put a required piece in your will. None of them will be able to recreate the wallet and access the funds alone. Anyone who is able to access the will won't be able to recreate the wallet without the pieces from the family members. You can, of course, elaborate on this as much as you like.
I believe i know what he means. Having your wealth at a bank account makes pretty sure that your relatives will get the money when you die for some reason. If you have a wallet at your pc then... thats a different thing. They have to know that you have the wallet, they need to know the password or private key. So you need to give these details to someone... otherwise your bitcoins will be lost for everyone. When you dont have someone you really trust you have a big problem since you dont want to log into your wallet one day and your coins are gone. Will you give the private key to a lawyer instead? If he is using it how will you prove it? And and and... Bitcoins have some problems one has to think about. Of course only if you care and dont want that your "riches" are landing in the rubbish or on ebay.
I meant thissolution isn't so obvious as people think, if one thinks about it deeper
I struggle in my mind with idea that my 'I have to survive' philosophy is best at this point
If youre relatives arent worth your bitcoins then it would be good when you at least make some setup so that the coins are donated. It would be a pity when they are stranded useless on an address. You arent immortal and something can happen everytime.
If you write your private key on a letter and seal it, giving it to a lawyer or putting it into a bank safe will mean your wish will be taken but your relatives have the right for some of the money. I dont know if there is an automatic setup somehow that can send your coins to charity or so if you really dont want the coins to your relatives.
I believe i know what he means. Having your wealth at a bank account makes pretty sure that your relatives will get the money when you die for some reason. If you have a wallet at your pc then... thats a different thing. They have to know that you have the wallet, they need to know the password or private key. So you need to give these details to someone... otherwise your bitcoins will be lost for everyone. When you dont have someone you really trust you have a big problem since you dont want to log into your wallet one day and your coins are gone. Will you give the private key to a lawyer instead? If he is using it how will you prove it? And and and... Bitcoins have some problems one has to think about. Of course only if you care and dont want that your "riches" are landing in the rubbish or on ebay.
I meant thissolution isn't so obvious as people think, if one thinks about it deeper
I struggle in my mind with idea that my 'I have to survive' philosophy is best at this point
...isn't this what a testament is for ?!
Before you throw my junk away, see that cardboard box located at xyz. It holds instructions and a list of things that will be of interest to you and how to use them.
Problem solved.
Before you throw my junk away, see that cardboard box located at xyz. It holds instructions and a list of things that will be of interest to you and how to use them.
Problem solved.
I believe i know what he means. Having your wealth at a bank account makes pretty sure that your relatives will get the money when you die for some reason. If you have a wallet at your pc then... thats a different thing. They have to know that you have the wallet, they need to know the password or private key. So you need to give these details to someone... otherwise your bitcoins will be lost for everyone. When you dont have someone you really trust you have a big problem since you dont want to log into your wallet one day and your coins are gone. Will you give the private key to a lawyer instead? If he is using it how will you prove it? And and and... Bitcoins have some problems one has to think about. Of course only if you care and dont want that your "riches" are landing in the rubbish or on ebay.
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