#Proof Authetion
Bitcointalk User Name: ron
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Telegram User name: @roni4567
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ETH address : 0x8fd247f21847872fd10268b272694ea5a
Topic: Leaving Bitcoin as inheritance (Read 1687 times)
Honestly, I don't understand the logic in the last two points. If you're willing to give Bitcoins to the family after death why the set of characters from password revealed to them must be limited? Why not reveal a full password at once? Or you want members of your family to practice the brute- force-technique?
brute forcing is hard to do . even me that im familiar with it i didnt learn brute forcing and how much more to those elder people that dont know how to use a crypto or can hardly use modern technologies .
they dont learn crypto yet but they are going to learn how to do brute force first just to open your wallet ? lol . not a good idea , just give your password and dont let others suffer . they are not any other people anyway but they are your family and they wont do unwanted things to your money
The scary thing is we don't know when we are going to die
Other than people hospitalised with a terminal disease or a person on "death row" (or on battle fields) we usually don't know when we're going to die. Imagine being told you have years to live, not bothering to get a Will drawn up much less bother to put in place a Crypto handover then being involved in a car crash and dying before you can put any of those plans in place.
My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.
Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?
Remind, Covid-19 is over here.
On the flip side, death is as scary as s**t! Well, some day one will definitely die. That's inevitable. But what matters beyond one's ability to secure one's assets the best way one can is the need to always do good while alive. One thing remains striking while making every attempts to safeguard one's Bitcoin, no matter whatever password one uses, is that there is always that loophole where a costly slip could happen and then make a complete mess of whatever security one had by breaching it. Hackers are a clever set of humans. They're always trying to beat the network.1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.
Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?
Remind, Covid-19 is over here.
The scary thing is we don't know when we are going to die
, Even at this moment I already think of this but still not doing it maybe when I have my own family I would like to teach them about this bitcoin, etc. Or Maybe just print everything that your family needs to know so that when the time has come they are going to read those and figure out about your investment or bitcoin. Another scary thing is when you don't have an investment for them to inherit
My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.
Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?
Remind, Covid-19 is over here.
On the flip side, death is as scary as s**t! Well, some day one will definitely die. That's inevitable. But what matters beyond one's ability to secure one's assets the best way one can is the need to always do good while alive. One thing remains striking while making every attempts to safeguard one's Bitcoin, no matter whatever password one uses, is that there is always that loophole where a costly slip could happen and then make a complete mess of whatever security one had by breaching it. Hackers are a clever set of humans. They're always trying to beat the network. 1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.
Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?
Remind, Covid-19 is over here.
This has been discussed multiple times in the past op. Check these threads out.
https://bitcointalksearch.org/topic/bitcoin-inheritance-planning-5097720
https://bitcointalksearch.org/topic/inheriting-bitcoin-5194028
https://bitcointalksearch.org/topic/how-bitcoin-inheritance-can-be-achieved-5106560
Its fairly simple really. Just store your crypto in a hardware or paper wallet(Powerful encryption) and share the complete password with people who you fully trust.
https://bitcointalksearch.org/topic/bitcoin-inheritance-planning-5097720
https://bitcointalksearch.org/topic/inheriting-bitcoin-5194028
https://bitcointalksearch.org/topic/how-bitcoin-inheritance-can-be-achieved-5106560
Its fairly simple really. Just store your crypto in a hardware or paper wallet(Powerful encryption) and share the complete password with people who you fully trust.
People are talking about it now because of the Pandemic, I read sometime ago that there is a service that specialize on this, but it's still preferable to educate your inheritors about the inheritance, in case they are not yet acquainted to Cryptocurrency, give them the hardware wallet and all the relevant information in a vault, maybe a video explaining everything about Bitcoin will do.
If I die, my family can use my death certificate to rescue all my money from bank and appropriate all my posses.
But not bitcoin, I was thinking about how to leave bitcoins as inheritence in a safe way, minimizing risks of be stolen by my own family (still if I trust my family, they can store improperly the keys and be stolen, or forced to deliver).
The perfect solution, in my opinion, is a mechanism whithout intervention that reveal my keys to my family, this could be done if I do not access some service for a month, or if I don't store some stuff in the blockchain for a month or ... I don't know a solution. And only my family could access my keys, possibly they have keys that allow then to access my keys.
An good solution could be some artifact, like a file, that I can send to my family, or left it stored online and thar artifact could reveal my keys only to my family.
My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.
Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?
Remind, Covid-19 is over here.
I also plan to leave all my crypto to my family as inheritance and I think the safest way is to leave some guide on how to operate and convert my crypto into Fiat.But not bitcoin, I was thinking about how to leave bitcoins as inheritence in a safe way, minimizing risks of be stolen by my own family (still if I trust my family, they can store improperly the keys and be stolen, or forced to deliver).
The perfect solution, in my opinion, is a mechanism whithout intervention that reveal my keys to my family, this could be done if I do not access some service for a month, or if I don't store some stuff in the blockchain for a month or ... I don't know a solution. And only my family could access my keys, possibly they have keys that allow then to access my keys.
An good solution could be some artifact, like a file, that I can send to my family, or left it stored online and thar artifact could reveal my keys only to my family.
My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.
Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?
Remind, Covid-19 is over here.
But I want to be sure that only my family would get it so I am planning to create a message that would only be sent on a certain date if it is possible with all the details and everything that they need to know.
I think it just better to write your seed phrase in your teastment that will be read after your death
~
It's my problem because my family doesn't know or doesn't even know what is bitcoin, so it's difficult to tell them at this moment I'm hoping that maybe soon because the world is getting exposure in bitcoin a lot of people maybe would be interested in bitcoin. We dont really know when we are going to die and if that happened your bitcoin is just going to be lost forever. But having a journal seems a good idea where they could read after you die where all of the details like private key password etc is in there since I already have one where are store most of my private keys. But for now, maybe I could say I don't trust them when my small investment .pull out the coins and able to exchange it with fiat and that should be enough.If you cant just trust them for now then dont reveal that you've been saving up some coins
and when the time comes that you die then they have the idea on how to open your wallet and of course you should tell them if you do have the chance but for more secure then
they do just give out some hint.
That's what I did for my daughter. Since she's computer literate already, I have shared the basics on how to access my holdings and what to do with it. We don't know what will future brings so it's better to be ready for the possibilities. It's better that we'll have something to leave them in case unexpected things happen.
As far as I understand, a person initially does not want to trust his money to anyone, friend or family. He wants them to be able, even theoretically, to receive money only after his death, and not earlier. And here big problems are possible, because let's say that a person does not trust anyone, although, I would probably suggest then, a bank cell.
It is still possible, can leave an inheritance by just putting small information that only our friend knows and the half information for our family in which when combined together, could potentially unlock the funds that we secured. It is not necessary to provide the password, maybe just give some hints, we'll not give out anything while we live, the idea is to preserve it till we die so our family will benefit from it, might as well provide a small credit to our friends.
But as the cryptocurrency era is currently expanding and develops I think pretty soon, there will be services that will offer this bitcoin inheritance system.
~
It's my problem because my family doesn't know or doesn't even know what is bitcoin, so it's difficult to tell them at this moment I'm hoping that maybe soon because the world is getting exposure in bitcoin a lot of people maybe would be interested in bitcoin. We dont really know when we are going to die and if that happened your bitcoin is just going to be lost forever. But having a journal seems a good idea where they could read after you die where all of the details like private key password etc is in there since I already have one where are store most of my private keys. But for now, maybe I could say I don't trust them when my small investment .pull out the coins and able to exchange it with fiat and that should be enough.If you cant just trust them for now then dont reveal that you've been saving up some coins
and when the time comes that you die then they have the idea on how to open your wallet and of course you should tell them if you do have the chance but for more secure then
they do just give out some hint.
If I die, my family can use my death certificate to rescue all my money from bank and appropriate all my posses.
But not bitcoin, I was thinking about how to leave bitcoins as inheritence in a safe way, minimizing risks of be stolen by my own family (still if I trust my family, they can store improperly the keys and be stolen, or forced to deliver).
The perfect solution, in my opinion, is a mechanism whithout intervention that reveal my keys to my family, this could be done if I do not access some service for a month, or if I don't store some stuff in the blockchain for a month or ... I don't know a solution. And only my family could access my keys, possibly they have keys that allow then to access my keys.
An good solution could be some artifact, like a file, that I can send to my family, or left it stored online and thar artifact could reveal my keys only to my family.
My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.
Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?
Remind, Covid-19 is over here.
It's my problem because my family doesn't know or doesn't even know what is bitcoin, so it's difficult to tell them at this moment I'm hoping that maybe soon because the world is getting exposure in bitcoin a lot of people maybe would be interested in bitcoin. We dont really know when we are going to die and if that happened your bitcoin is just going to be lost forever. But having a journal seems a good idea where they could read after you die where all of the details like private key password etc is in there since I already have one where are store most of my private keys. But for now, maybe I could say I don't trust them when my small investment But not bitcoin, I was thinking about how to leave bitcoins as inheritence in a safe way, minimizing risks of be stolen by my own family (still if I trust my family, they can store improperly the keys and be stolen, or forced to deliver).
The perfect solution, in my opinion, is a mechanism whithout intervention that reveal my keys to my family, this could be done if I do not access some service for a month, or if I don't store some stuff in the blockchain for a month or ... I don't know a solution. And only my family could access my keys, possibly they have keys that allow then to access my keys.
An good solution could be some artifact, like a file, that I can send to my family, or left it stored online and thar artifact could reveal my keys only to my family.
My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.
Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?
Remind, Covid-19 is over here.
. 
Lol, a family where there is no trust is no family at all. In that family there must be someone that you really trust. These are people that you have been living all your life with, so you can’t say that you don’t know anything about them. There should be one or two persons that you know very well and trust. You can let this person know that you’re into such thing and tell them your password so that they will know. If anything should happen, they will be able to have access to it.
All the list you have mentioned here is quite unnecessary, and won’t work. It’s just going to be either you tell them or you just leave and forget about it completely. It’s still up to you to decide what’s best for you.
All the list you have mentioned here is quite unnecessary, and won’t work. It’s just going to be either you tell them or you just leave and forget about it completely. It’s still up to you to decide what’s best for you.
Company called Casa are currently perfecting a decent solution for this.
I run 2 Casa nodes, highly recommend their product if you're not overly technical like me
I run 2 Casa nodes, highly recommend their product if you're not overly technical like me
So much money in cryptocurrencies have been lost due to relatives not having access to the private keys and passwords of the owners. I think it will always be best to share the location of your keys with someone you trust. It could be your wife, brother or at least a good friend so that once you pass away they can retrieve the funds for future use.
Trust is a big issue when it comes to letting a family member to know about your private keys when you're still alive. Am just scared of the unknown attitude that might be display from him when he sees the bitcoin assets I owed. He might arrange my killings before my time.
The best idea I will go with is to inform my family members that I have a box saving in a bank where all your documents and private keys are kept
Very surprising, can be that extreme what you imagine. But that's the right thing to do, if you are still alive, don't let other people you don't trust fully have access to where your assets are stored. Wealth / money / property can change a person's character, can be greedy and will do everything possible to get that wealth as soon as possible. That is why you think so.The best idea I will go with is to inform my family members that I have a box saving in a bank where all your documents and private keys are kept
Well, you've done the right thing
I also began to prepare for this, because death can come anytime and unexpectedly. I have educated my wife, our trust is truly sincere, we share passwords and other important matters related to assets in the crypto world. I feel calm
As far as I understand, a person initially does not want to trust his money to anyone, friend or family. He wants them to be able, even theoretically, to receive money only after his death, and not earlier. And here big problems are possible, because let's say that a person does not trust anyone, although, I would probably suggest then, a bank cell.
It is still possible, can leave an inheritance by just putting small information that only our friend knows and the half information for our family in which when combined together, could potentially unlock the funds that we secured. It is not necessary to provide the password, maybe just give some hints, we'll not give out anything while we live, the idea is to preserve it till we die so our family will benefit from it, might as well provide a small credit to our friends.
But as the cryptocurrency era is currently expanding and develops I think pretty soon, there will be services that will offer this bitcoin inheritance system.
If I die, my family can use my death certificate to rescue all my money from bank and appropriate all my posses.
But not bitcoin, I was thinking about how to leave bitcoins as inheritence in a safe way, minimizing risks of be stolen by my own family (still if I trust my family, they can store improperly the keys and be stolen, or forced to deliver).
The perfect solution, in my opinion, is a mechanism whithout intervention that reveal my keys to my family, this could be done if I do not access some service for a month, or if I don't store some stuff in the blockchain for a month or ... I don't know a solution. And only my family could access my keys, possibly they have keys that allow then to access my keys.
An good solution could be some artifact, like a file, that I can send to my family, or left it stored online and thar artifact could reveal my keys only to my family.
My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.
Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?
Remind, Covid-19 is over here.
But not bitcoin, I was thinking about how to leave bitcoins as inheritence in a safe way, minimizing risks of be stolen by my own family (still if I trust my family, they can store improperly the keys and be stolen, or forced to deliver).
The perfect solution, in my opinion, is a mechanism whithout intervention that reveal my keys to my family, this could be done if I do not access some service for a month, or if I don't store some stuff in the blockchain for a month or ... I don't know a solution. And only my family could access my keys, possibly they have keys that allow then to access my keys.
An good solution could be some artifact, like a file, that I can send to my family, or left it stored online and thar artifact could reveal my keys only to my family.
My basic ideia is:
1 - Encript the keys with your password, but must be a very strong password, resilient to brute force atack.
2 - Print the encripted keys in paper or some more durable medium and store securely in your home.
3 - Reveal to your family a limited set of characters with wich they can sucefuly find the password using brute force, in a short time.
4 - If you die, your family must get into your home/safe box, get the encripted keys and use the characters to perform a brute force atack in order to get the keys.
Does anyone have think about leaving bitcoin as inheritance? Is there already some solution to this? Thoughts?
Remind, Covid-19 is over here.
Although it would be fairly smart to leave bitcoins as inheritance, many laws on intestate and succession would have to be then revised or repealed in order to cater to this idea. I am not familiar with the all laws of inheritance but because bitcoins are a new type of monetary exchange, creating laws for these would take several hearings, modification and various votings for the legislative body. Moreover, before they can even get to the point of hearing this in their respective congress, these lawmakers have to have extensive knowledge on this topic, the pros and cons. Keep in mind that there are many people to consider when taking this to congress and for them to actually hear it.
Bitcoin is a wonderful wealth inheritance. i guess you should inform and educate your family members how to use it. Educate them how to encash it. If you do not educate them, your bitcoins might be invested to scams like Bitconnect. Or they might seek advice to wrong people when you die. Must teach them properly.
Maybe not all of the family but he can tell his trusted family members and teach him/her about how to use bitcoin so he/she won't have a problem in the future. We can tell the family members, but we cannot force them to learn bitcoin or use bitcoin because that will be their decision to use bitcoin or not. But if one of our family members have a curious about bitcoin, that will be the right time to tell and explain everything that we know to them.That is i believe is right because we knew Money and we also knew what will happen if this become greedy used?
the value of bitcoin is really going up and we can't deny
the fact that if Bitcoin comes to million value for sure family members will be into the crypto asset we can inherit
them and in the end will even come to fighting,arguing
and the sad part is killing just to win the inheritance.so better educate the most trusted one but never let Him/Her
know your private keys,just let the key hiding until the
final day comes that they need to take their share,by your attorney or even place the keys in your most precious
thing that they can find when your are already gone.
Trust is a big issue when it comes to letting a family member to know about your private keys when you're still alive. Am just scared of the unknown attitude that might be display from him when he sees the bitcoin assets I owed. He might arrange my killings before my time.
The best idea I will go with is to inform my family members that I have a box saving in a bank where all your documents and private keys are kept
The best idea I will go with is to inform my family members that I have a box saving in a bank where all your documents and private keys are kept
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