What does privacy mean to you? - page 2.

SmartCharpa

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Quote from: Churchillvv on December 07, 2024, 06:18:25 PM

Exactly as the title says, "What does privacy mean to you?" Of course, a lot of us claim that we are privacy lovers and we support privacy, but to an extent, some people have taken privacy very seriously, which is one thing I commend very much.

I have been touring around this forum, and I see a lot of comments from some people regarding how careful they are with their assets (bitcoin); their seed phrases and private keys are so private to them that they do not share them with anyone, but that brought me to this question: Are people really aware of unforeseen circumstances? What if something happens to you? Who will be able to handle your assets when you're no longer there? and the question usually ends up with people speaking of inheritance and not the exact thing I wanted to hear.
For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?

How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?

Open discussion

Some people really have trust issues, no matter how close you are they will never tell someone anything that will lead them to touch their assets. Some individual might even tell you that you should wait for the day wey something bad will happen to them or the day they will be no more. Op, you asked better question because what if someone is no more and he or she do not trust anyone with their privacy key, does that mean all the assets is gone? That kind thought they always come my mind as well, because e go dey very hard for people to get access to the assets when they are no more there.

I don't know how some people take they take the private life that serious, because there must be someone we sincerely have to trust, regardless of how trust issues you may have had. It feels good that I don't have any troublesome siblings who make it necessary for me to keep everything about myself hidden from them. I don't see the point in hiding anything from my brothers because I have no idea waiting tomorrow may brings.

I_Anime

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Quote from: Churchillvv on December 07, 2024, 06:18:25 PM

Exactly as the title says, "What does privacy mean to you?" Of course, a lot of us claim that we are privacy lovers and we support privacy, but to an extent, some people have taken privacy very seriously, which is one thing I commend very much.

I have been touring around this forum, and I see a lot of comments from some people regarding how careful they are with their assets (bitcoin); their seed phrases and private keys are so private to them that they do not share them with anyone, but that brought me to this question: Are people really aware of unforeseen circumstances? What if something happens to you? Who will be able to handle your assets when you're no longer there? and the question usually ends up with people speaking of inheritance and not the exact thing I wanted to hear.
For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?

How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?

Open discussion

I have ask myself this same question once , but you can't blame them some people don't have someone they can easily trust imagine sharing your seed phrase with someone and the person endup running with your asset or kept it carelessly and some one else stole it , but the fact still remains that you need someone that you can trust because if one endup forgotten or losing the seed phrase or death stuff, There should be someone who can still access that asset because if not , all efforts may endup being in vain , but in finding that person you have to be careful in choosing who you trust with such crucial information.

Coyster

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We don discuss this thing wella, both for local board here and for the Engish board, bitcoin no dey centralized, so e dey hard to pass am down to your heirs. You no go blame people wey never ready to tell any of their family where dem go get their seed phrase if they are no more, e no go make sense say you lose your coins when you dey alive, only because you been dey make plans for when you are gone. My advice na to allow people do wetin dem wan do, prioritize the security of your coins when you are alive oh.

Amphenomenon

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Quote from: Ronsbit on December 09, 2024, 08:18:39 AM

These days lots of things happen and many of them are from people we list expect such from hence peoples privacy approach towards their assets or anything that pertains or belongs to them. It is not bad if one keeps their assets private as it relates to bitcoin and as a matter of fact, the reasons why we have private key and as the name implies private key which means it is private thing to you alone because it holds valuable assets that belongs to you which you ought to be careful with. However, as humans, in as much as we are that private, it is good we have somebody we could trust with information to be a secrete. That people should be your close confidant whom you share things with in common and can not betray your trust. One thing I have always say about such people is that they should be people with conscience and integrity that would think twice before acting.

When we grow older, then the need to find someone to entrust some state of our wealth will be prioritized, it will become known to us the reason for this. An other scenario is, if one go through near death situation or has a sudden illness there will be need for this. Although sometimes, it may be difficult for one to find who to entrust especially maybe they failed them in the past, this will even make things more difficult but I can say majority will have no choice than to find someone to inherit it or maybe used it for societal support except sudden death comes.

Quote from: Odogwu-Blockchain on December 10, 2024, 04:31:45 PM

Quote from: Juicyhome on December 08, 2024, 04:48:01 AM

Logically as a wise man, knowing once u lost this key is gone for ever. You have to either write it down in your daily, is not necessarily to trust it with someone, its better you pen it down some. Your spouse or siblings can access in case of emergency. But if you have a trusted spouse or relative you can share it with him.

Sharing your private key with your spouse as well as your loved ones as you said should and may be done this way.
-Share it with spouse with less crypto knowledge so he/she wouldn't know what's in her possession.
-Share it with son and daughter and while teaching them how crypto and wallet works.
-Telling them to keep their mouth shut about the information given to them as that's the family reserved funds.

While teaching your kids about this, I think it's better not to tell them until they are knowledgeable about the need for privacy because there is an high tendency of them speaking about it out excitement. Also it's important that anyone you are sharing this information with needs to have a sense of responsibility in all these areas, in order not to fall into any scam or speaking to the wrong person and this include your spouse.

laijsica

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You have raised an important point, it is really important to think about who should be our heir in case of an accident and we have key or other important sites and who should I decide. I think it would be fair to choose someone like a wife or child as our heir, or a trusted and trusted friend or brother. But it depends on how they try not to misuse those keys while you are alive. However, sometimes if your wife or children are not available, it can be transferred to a trusted friend so that he can transfer those assets to the appropriate heirs in your absence.

Logically speaking, only you yourself can be your substitute and no one else can be your substitute. For example, if you are not there, no one can use your ID as your substitute on a Bitcoin forum because your writing style and understanding of knowledge will be very different from that substitute.

Doan9269

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Quote from: Churchillvv on December 07, 2024, 06:18:25 PM

Exactly as the title says, "What does privacy mean to you?" Of course, a lot of us claim that we are privacy lovers and we support privacy, but to an extent, some people have taken privacy very seriously, which is one thing I commend very much.

Once you declare yourself as a bitcoin holder, then you become part of the community that are mindful of decentralization, then the way you handle your holding and the kind of wallet you're using will also determine if you're privacy conscious or not, for instance, some have the understanding of using a particular wallet for privacy sake than using a centralized exchange, same also applies to other things we do that have to do with maintaining our level of privacy from a third party entity.

Yucky

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Quote from: HajiBagi on December 10, 2024, 05:30:31 PM

The reason why people don't trust anyone to tell them about their private key is that people are not to be trusted, I know someone will die one day and it is very important to share your private things with people who are very close to you but sometimes we have to think about it, letting another person know that you have something important is very dangerous some people can even use the opportunity to find a way to make sure they end your life to inherit your property without letting anyone know about it.

Human beings are very difficult to trust, but as an investor, you must have who you will trust, people like mom, Dad and wife, these people are very important in someone's life and there will be one of them that you will trust, no one will want to die without not letting someone very close to them to know about them.

Everybody takes privacy differently. Some confide in family easily, while others may take longer time or don't. But considering life's unpredictability, it's important to think about who'll manage our assets when we're gone.

People who've worked hard for their Bitcoin understand its value and struggles. So they might hesitate to share their asset, keys, or seed phrases with others.

Also, one reason bitcoiners hesitate to confide in others is that they feel the other person might not understand or respect their privacy level. Like they might not be able to keep the info confidential enough

But not setting up a plan for our assets can lead to them being lost or taken over. I still think It's better to have someone know, even if they're not as passionate like you about Bitcoin. Find one person you trust, communicate how important your assets are, and have them manage them when you're gone.

HajiBagi

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Quote from: Churchillvv on December 07, 2024, 06:18:25 PM

Exactly as the title says, "What does privacy mean to you?" Of course, a lot of us claim that we are privacy lovers and we support privacy, but to an extent, some people have taken privacy very seriously, which is one thing I commend very much.

I have been touring around this forum, and I see a lot of comments from some people regarding how careful they are with their assets (bitcoin); their seed phrases and private keys are so private to them that they do not share them with anyone, but that brought me to this question: Are people really aware of unforeseen circumstances? What if something happens to you? Who will be able to handle your assets when you're no longer there? and the question usually ends up with people speaking of inheritance and not the exact thing I wanted to hear.
For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?

How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?

Open discussion

The reason why people don't trust anyone to tell them about their private key is that people are not to be trusted, I know someone will die one day and it is very important to share your private things with people who are very close to you but sometimes we have to think about it, letting another person know that you have something important is very dangerous some people can even use the opportunity to find a way to make sure they end your life to inherit your property without letting anyone know about it.

Human beings are very difficult to trust, but as an investor, you must have who you will trust, people like mom, Dad and wife, these people are very important in someone's life and there will be one of them that you will trust, no one will want to die without not letting someone very close to them to know about them.

Odogwu-Blockchain

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Quote from: Juicyhome on December 08, 2024, 04:48:01 AM

Logically as a wise man, knowing once u lost this key is gone for ever. You have to either write it down in your daily, is not necessarily to trust it with someone, its better you pen it down some. Your spouse or siblings can access in case of emergency. But if you have a trusted spouse or relative you can share it with him.

Sharing your private key with your spouse as well as your loved ones as you said should and may be done this way.
-Share it with spouse with less crypto knowledge so he/she wouldn't know what's in her possession.
-Share it with son and daughter and while teaching them how crypto and wallet works.
-Telling them to keep their mouth shut about the information given to them as that's the family reserved funds.

Sharing private keys to family will solely depends on your intentions and reasons behind, it's up to you.

Mpamaegbu

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Quote from: Churchillvv on December 07, 2024, 06:18:25 PM

Exactly as the title says, "What does privacy mean to you?"

In a broader sense, privacy means to hide ur stuff from roving eyes, hands and minds make dem for nor steal am.

Quote

How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?

Dem nor dey force "trust", na earn dem dey earn am like respect too. Again, make you do deep thinking. You go realize sey many people nor marry because dem love or trust d people wey dem dey married to but na necessity or "I must marry" make dem marry. So, couples like dat nor go fit respect and adore their spouses. To reveal secret to d other party go be dem like set dem dey waka naked for busy streets. Na so d thing be.

Ever-young

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Quote from: Churchillvv on December 07, 2024, 06:18:25 PM

How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?

Open discussion

Why get married to someone if you can't trust the person? But again, I don't blame this on our generation with the way they care so much about their privacy with their crypto holdings. Look around at the kind of family issues, divorce, and the rest of them going on in the internet, family betraying families as a result of wealth that someone holds, children turning against each other.

But then again, there is someone who should be trusted to discuss such matters with and share your holdings secrets with, even if they don't have access to it, but they will know about it, and then someone else will be entrusted with the private key, which both parties will only be aware of what they hold only when an emergency arises; that way, there could be some safety card at play.

Pi-network314159

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Quote from: BIT-BENDER on December 10, 2024, 10:31:57 AM

Quote from: Lida93 on December 09, 2024, 11:08:37 AM

Anyone in a smooth working relationship marriage to be precise that have produced children should be able to reveal to his family certain important secrets concerning him particularly in the aspect of investments. I know this is one difficult decision to make when considering privacy and security and control of asset with a third party knowledge but if we get to find ourselves in a safe, comfortable relationship where trust has been tested and yet unbroken then it becomes easy to make our private investments details such as seeds phrase and passwords known to our family members because of a truth unpredicted circumstances like death can happen anytime.

I will have to agree with you. Yes we should always prioritize safety and security and keep our guard up but still no man is an island and you still have to trust someone but what people don't understand is that when we talk about trust it doesn't always necessarily mean who you are dating (your spouse), yes your romantically partner is in the discussion but there are people who think they were in a stable and good romantical relationship but still end up getting hurt. I will also say your family like your mum, dad, siblings are also to be considered. None is hundred percent secure but I think of you grow up with some and still maintain close contact you should be able to know something about them.

The main point of this whole matter is that no one can be trusted in a financial situation like this, talk more of revealing secret or access to your fund while you are still OK. Remember people are still alive while some want them death just because of your asset, and this include your romantic lover, brother/sister or your relatives, family and friends. Even your mother can be tempted to access your fund if they have permission to it. And you as a person can not have your privacy anymore. You can't even lie to them when they know your worth. These are the reasons behind why most people chose to be silent about revealing access to the seed phrase or password to their fund.

The only solution to this situation in my own way is to devide your fund into two part, having the little asset in a wallet accessible to your most trusted one, and leaving the rest huge asset to your lawyer to be in charge of the whole documents concerning your biggest asset incase if a serious issues occurs then it can be brought out according your instruction. To be on a more safer side than risking all in the name of trust since no trust is %100.

BIT-BENDER

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Quote from: Lida93 on December 09, 2024, 11:08:37 AM

Anyone in a smooth working relationship marriage to be precise that have produced children should be able to reveal to his family certain important secrets concerning him particularly in the aspect of investments. I know this is one difficult decision to make when considering privacy and security and control of asset with a third party knowledge but if we get to find ourselves in a safe, comfortable relationship where trust has been tested and yet unbroken then it becomes easy to make our private investments details such as seeds phrase and passwords known to our family members because of a truth unpredicted circumstances like death can happen anytime.

I will have to agree with you. Yes we should always prioritize safety and security and keep our guard up but still no man is an island and you still have to trust someone but what people don't understand is that when we talk about trust it doesn't always necessarily mean who you are dating (your spouse), yes your romantically partner is in the discussion but there are people who think they were in a stable and good romantical relationship but still end up getting hurt. I will also say your family like your mum, dad, siblings are also to be considered. None is hundred percent secure but I think of you grow up with some and still maintain close contact you should be able to know something about them.

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Quote from: Churchillvv on December 07, 2024, 06:18:25 PM

I have been touring around this forum, and I see a lot of comments from some people regarding how careful they are with their assets (bitcoin); their seed phrases and private keys are so private to them that they do not share them with anyone, but that brought me to this question: Are people really aware of unforeseen circumstances? What if something happens to you? Who will be able to handle your assets when you're no longer there? and the question usually ends up with people speaking of inheritance and not the exact thing I wanted to hear.
For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?

In Nigeria, we say, God forbid, it is not my portion.

In Nigeria, the topic of death or dying is a "taboo" and we don't discuss it. But eh, you are right anything fit sup at anytime and e better say make we dey prepared. As for me na my wife wey I trust and anything wey I sabi, she sabi am. And therefore if anything good or bad sup, she dey ready to pick up from where I stop. Privacy na for people with trust issues, when you marry the woman wey dey you heart and mind before, nothing concern you and privacy.

adultcrypto

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Quote from: Churchillvv on December 07, 2024, 06:18:25 PM

Exactly as the title says, "What does privacy mean to you?" Of course, a lot of us claim that we are privacy lovers and we support privacy, but to an extent, some people have taken privacy very seriously, which is one thing I commend very much.

I have been touring around this forum, and I see a lot of comments from some people regarding how careful they are with their assets (bitcoin); their seed phrases and private keys are so private to them that they do not share them with anyone, but that brought me to this question: Are people really aware of unforeseen circumstances? What if something happens to you? Who will be able to handle your assets when you're no longer there? and the question usually ends up with people speaking of inheritance and not the exact thing I wanted to hear.
For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?

How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?

Open discussion

I don't think it is right to hide sensitive investment such as that of bitcoin from the family and loved ones but the investor has to be careful on who to trust with such information, if you feel your wife is capable of handling such information without ruining your investment, then go ahead. This is the reason the discussion on the best practices regarding this have been ongoing in the forum for a long time now as many options are still being considered on daily basis. Most of the opinions raised about this point to the direction of keeping the funds in a safe hardware wallet and keeping the access information in a safe place but leaving clues to a trust person like wife or heir. Using multisignature for a case you want the funds shared upon death, is also another good option so that those that will partake in the sharing will be those that need to sign before accessing the funds.

Lida93

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Anyone in a smooth working relationship marriage to be precise that have produced children should be able to reveal to his family certain important secrets concerning him particularly in the aspect of investments. I know this is one difficult decision to make when considering privacy and security and control of asset with a third party knowledge but if we get to find ourselves in a safe, comfortable relationship where trust has been tested and yet unbroken then it becomes easy to make our private investments details such as seeds phrase and passwords known to our family members because of a truth unpredicted circumstances like death can happen anytime.

MainIbem

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Quote from: Juicyhome on December 08, 2024, 04:48:01 AM

In this century do we stil have privacy? I doubt if we still have it, the improvement in technology has made it so hard to gave a private stuff. There's always a way to get into one privacy. But on the issue of private keys to ur wallet is a one time stuff once its lost that's final. Logically as a wise man, knowing once u lost this key is gone for ever. You have to either write it down in your daily, is not necessarily to trust it with someone, its better you pen it down some. Your spouse or siblings can access in case of emergency. But if you have a trusted spouse or relative you can share it with him. If one say he trust no one then watch him carefully, no one trust him too. You have to be accountable to yourself before you talk of trusting other. As for me, I'm prepared for ant moment, so I write my private keys and password on my daily, kept in a place my siblings can access. That's how it should be, some people has lost their hard earn money in their wallet because they did not share it with someone or wrote it down. To avoid story that touches share ur private keys with a trusted fellow. It will save you tomorrow.

Correct me if am mistaken, there have been several records of hacking in several Cryptocurrency blockchains but I've never heard that Bitcoin Blockchain got hacked, since the creation of Bitcoin I don't think any money has been stolen from it's blockchain or the blockchain shutting down due to activities of hackers, it is the safest ever recorded and holders of the coin can only lose their assets if they use a non-custodial wallets that's not very secured or looseguard their private keys or seed phrases. Writing it on a piece of paper is okay but not very secured unless the paper is stored in a safe that can't be accessed by rodents and pests, cresting it on a metal plate that can't easily be destroyed is even more Better. Well, the world is becoming cruel cause the heart of human are becoming so evil to the point that people barely trust easily but atleast one must have some in their family they can give such secrets to in case the person is diseased.

Egii Nna

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Quote from: Churchillvv on December 07, 2024, 06:18:25 PM

For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?

For someone not to trust any close relation or friend to tell his private key or about his assets is something common these days. And the main reason behind all this is the fear of betrayal; many people you trust end up betraying you on small things, so when it comes to important things like private keys or assets, people used to be very careful about telling others.

But in my own perspective, I think you should have someone you trust, at least one family member or maybe a friend, because of the emergence of any problem; for instance, you died, or let's not go that far; you had an accident and lost your memories. How do you want to access your wallet or assets if no one knows about it? That is one of the reasons why you need to have one person you trust with some of your secret.

Ronsbit

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These days lots of things happen and many of them are from people we list expect such from hence peoples privacy approach towards their assets or anything that pertains or belongs to them. It is not bad if one keeps their assets private as it relates to bitcoin and as a matter of fact, the reasons why we have private key and as the name implies private key which means it is private thing to you alone because it holds valuable assets that belongs to you which you ought to be careful with. However, as humans, in as much as we are that private, it is good we have somebody we could trust with information to be a secrete. That people should be your close confidant whom you share things with in common and can not betray your trust. One thing I have always say about such people is that they should be people with conscience and integrity that would think twice before acting.

Churchillvv

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Quote from: Hatchy on December 07, 2024, 08:20:26 PM

Quote from: Churchillvv on December 07, 2024, 06:18:25 PM

; their seed phrases and privacy keys

.......Imagine having so much money and by the end of the day it just rot up somewhere with no one knowing?
That's why it's important to let someone you trust know a little detail of such information. You don't have to give them access to your coins but let them be aware of such things and how to go about them so if life decides to do it's will, you wont leave them stranded..

Exactly my point! I haven't created this topic out of just for posting sake, I recently had an experience that really touched me and I decided to make a reminder to use regarding our selfishness of keep assets secret.

Someone who just passed away in my hood has over $10k in his wallet but know of his family knew about it not that he didn't trust anyone in his family but the orientation that has been planted in him was never to shaare with anyone instead of never share with someone who you don't trust enough..... Luckily his friend has an access to where he kept some things and through thorough research they found the private key hence helis burial will soon be finalized.

Of course this a great lesson for us at least let someone know how to figure out things about when you're not there. Privacy doesn't have to be being secretive on the wrong places but protect your online informations.

Perhaps I appreciate everyone of you; Hatchy , Y3shot , asarfiar, Juicyhome, Marvelockg, Cryptohygenic , DaNNy001 , Gooner0 , Pi-network314159 for your response and opinions.

[still open for discussion]

Topic: What does privacy mean to you? - page 2. (Read 559 times)