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Topic: What does privacy mean to you? (Read 768 times)

sr. member
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Today at 02:51:11 PM
#62

Until now, no one can give an exact answer to the question you have raised. I have seen this questions in the general board before and people keep beating around the bush without spilling it out. To my own understanding, no matter how you value your privacy, there must be someone to know about your secret seed phrase or how to get them when you’re no more. I see no reason keeping it hidden from the whole world, then leaving it behind as waste without anyone getting to use the wealth you’ve accumulated all this years.


Not every marriage ends well although marriage should be built on trust but not every marriage can do this, so it's safe and it's not at the same time, if you feel you and your wife already buildt this mutual trust to the extent of your bank acccounts and it's being going fine for  years then why not, but that's incase of emmergency though..
For me,  there's no reason keeping that you're into bitcoin or crypto in general but that should stay only with your families , keep it hidden to the rest of the world.. and for the access to you wallet, that should still stay hidden to only you unless you build a muttual trust in your patner already but imo with that i will stilll prefer to keep it hidden.
hero member
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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

Until now, no one can give an exact answer to the question you have raised. I have seen this questions in the general board before and people keep beating around the bush without spilling it out. To my own understanding, no matter how you value your privacy, there must be someone to know about your secret seed phrase or how to get them when you’re no more. I see no reason keeping it hidden from the whole world, then leaving it behind as waste without anyone getting to use the wealth you’ve accumulated all this years.

People save for the future, the future of them and their loved ones, so in cases like this, one should definitely know about that even though not openly that they can access it while you’re still alive. The world is a scary place and we can’t be here forever, so considering given a clue to access then when you’re no more is important, if not I don’t see a need to keep wealth that can’t be spent by you or your loved ones in the future. Privacy is important but on how important it is, one shouldn’t make choices that will not be beneficial to them or their loved ones in the future.
sr. member
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I don't support the idea of keeping your assets private from everyone including your spouse's or loved ones. We can all agree that keeping your seed phrases and passwords private are important but just like you asked what if something happens? If no one else knows all these it means that your assets would just be wasted because nobody would have access to them. Sharing these informations with people are very risky but you must make sure that they are people you trust.
If you don't trust your wives or family, don't expose your privacy to them because there are many in the grave today who made the mistakes by telling their wives their privacy that make their wives to take the advantage of that to steal all their BTC and travel out of the country or kill the men and move all the BTC from their wallets. But if you trust your wife or children, you can expose your privacy to them in case anything happen to you,  it will be easy for them to inherit your wealth which is the prayer of a good father for their children to inherit their wealth when they are gone to meet the Lord.

If you don't want to expose your privacy to your wife or children when you are still alive, you can write them down and tell your wife or children where they can get access to your privacy when you are gone, by creating a secret room in your house where only you can have the key to that room unless you are dead before they can have access to your cryptocurrencies in your wallets.
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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.

Accolade MainIbem I wonder why people think trust can be totally eradicated no matter what the situation may be to any man all secret may not be shared but the 30% that many shares with friends and trusted family members remain trust no body will say that he/she leave a life where no body can at least no where he stay or even listen to some one when he has issue to tackle the person you hard advice from is a symptom of trust for me there is no definition of trust other than who one rely and share idea, who in turn can't completely won't harm you, it can be family related or outsiders. With trust no matter how small it's it will be difficult you as human to exist because most activities and dealing we run with others is base on trust example you gave person money to buy you things when coming back from his outing or invited a guy friend even without sending her money believing she will come is already a trust in my opinion what exist in human today is reduction of trust but trust can't be eliminated no matter who claimed he hard non.
hero member
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December 31, 2024, 06:59:13 PM
#58
Let me answer you in a short based on the threads title.
Privacy to me is a sequence by which I'm self custodial to my bitcoin with no third parties included to have access and no requirements as the KYCs my the exchanges to have me and my transactions on tracks.
Just holding and my coins anonymously with no form of reveals of my treasures as bitcoin
Privacy is far beyond protecting your Bitcoin and your wallets and avoiding exchanges. One of the bigger threats of privacy is compromising your personal data; something that can save your from a lots of troubles. Do you know if someone steal your data and use that for criminal activities, you will be in deep troubles? You remember the time they news broke out that the NIN portal was hacked and people data were being sold in some websites for as low as N100 per NIN? What that mean is that they can use your NIN to register a sim card, then use the card for some criminal activities and you will be arrested and prosecuted. This is what privacy breach can do and why you should be careful the level of information you release to the public about yourself.
hero member
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December 31, 2024, 03:53:07 PM
#57
Privacy is more than how you keep your seed phrases or passwords. Many Nigerians are not privacy conscious, this could be because we don't understand the essence of privacy. Before I joined this forum, I was doing things carelessly online without putting into consideration what Privacy is all about. Now, even if I don't practice privacy to the level I ought to, I now understand the implications of being careless with my privacy.

As for seed phrase, it is subjective. Anyone who doesn't trust anyone does not deserve humanity.
hero member
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December 31, 2024, 10:21:20 AM
#56
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
This is a very reasonable and very important question that is coming at the right time because this issue of privacy has made a lot of people who claim to have been wise and feel that they don't trust anyone not even their children and spouse their private pins, ATM pins and even properties to have lost their sweet as it's outsiders that finally eats their hard work because their family members know nothing about what they have

I am of the view that people should be more transparent and trust their family members with their properties and pins because the fact is that no body knows of what is going to happen as anyone can die at anytime because wether you like it or not one day we will leave this world
jr. member
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December 30, 2024, 10:08:07 PM
#55
 Op came up with point,but It can be challenging to find someone trustworthy, but let's not forget that we have family  our parents, spouse, and children. They should be the first priority in our lives, as many of our struggles today are purposely for their sake. At least, these family members should know a little about our private lives to ensure a better tomorrow.
?
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December 29, 2024, 05:51:58 PM
#54
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 100% agree wit watin you talk, if  you come get huge investment there and something mistakenly happen to u and no body know about ur investment due to say u no trust anybody, everything don lose na. Let try and give someone close to us a chance to know abt ur investment for future purpose tnx u.
sr. member
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December 24, 2024, 03:10:24 AM
#53
I don't support the idea of keeping your assets private from everyone including your spouse's or loved ones. We can all agree that keeping your seed phrases and passwords private are important but just like you asked what if something happens? If no one else knows all these it means that your assets would just be wasted because nobody would have access to them. Sharing these informations with people are very risky but you must make sure that they are people you trust. Privacy is very important to everyone but for the sake of having a back up plan share it with someone you can trust.

This things are personal decisions, it depends on your reason for keeping them personal, I think there is time for everything, we are taking about asset, though no matter how you trust people they may have some lapses that you don't know that exist, your holding is very confidentetial as such sharing such information should be done with high level of carefulness, in this case no one knows what will happen in the next minute that's why we should get someone who's so dear to us involved but the truth is, this things is a personal thing, a holder may decide that he or she will not tell anyone, though people will see him or her as a wicked person but to me judging without knowing why he took such decision isnt  right.
Sometimes individuals decisions may be confusing to us but in reality if we get to know the actual reason for their decision we won't have any reason to blame them, sharing such information with your loved ones is good as you said be it as it may, I will respect the personal decision of the holder in this one, whatever he or she wants stands irrespective of how harsh or favourable such decisions may be.
sr. member
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December 23, 2024, 03:11:55 PM
#52
I can remember same or similar discussion has been in existence here but anyway this matter or discussion to some extent, we are not suppose to discuss it here because it is a matter of choice and personal decision I want to believe everyone knows to an extent what is suppose to be disclose and what is not suppose to be disclose. We are living in a strange world with strange people I use the word strange because we can't predict what will happen in the next minute and you can not also predict what some being are capable of doing. So anyone who feels it is good to share their private key fine and anyone who do not want to share fine even before signing up in..., they will tell you not to share this with anyone for your own safety and for your own good and I believe they are not stupid.
I understand this is a matter of privacy and personal choice, but I still agree with the OP, and this is worth an open discussion. Just like you have said, we can't predict what will happen in the next minute, which gives and brings a lot of questions concerning if what we are doing is right or wrong.
 
Coming public, like to engage in such discussion, will broaden the knowledge and understanding of many. What some might think is the best based on their own facts and ideas might actually need some adjustments. We are all learning every day, and learning never ends.
full member
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December 23, 2024, 02:29:00 PM
#51
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 can remember same or similar discussion has been in existence here but anyway this matter or discussion to some extent, we are not suppose to discuss it here because it is a matter of choice and personal decision I want to believe everyone knows to an extent what is suppose to be disclose and what is not suppose to be disclose. We are living in a strange world with strange people I use the word strange because we can't predict what will happen in the next minute and you can not also predict what some being are capable of doing. So anyone who feels it is good to share their private key fine and anyone who do not want to share fine even before signing up in..., they will tell you not to share this with anyone for your own safety and for your own good and I believe they are not stupid.
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December 22, 2024, 04:31:56 AM
#50
Just like other forum users have said I think similar topic have already been discussed before in this forum. Although sometimes reminder is always good so that Incase if you have not hard it for the first time you will be able to hear it the second time so that it'll enable us take prevention. Normally as a human being have a self privacy is always good but is actually good to let your wife know some sating things so that Incase of any emergency so that she will be able to manage your investment, but let it be a good wife that you have trust on because most women today are not wordy to be trust again now.
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December 21, 2024, 08:55:28 PM
#49
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
When we say privacy, privacy can be of various forms either
Personal Privacy that is individual, Family Privacy and others ,and so it depends on the one which you want to operate on. As an individual am sure there is someone which you will want to confined in no matter the situation and who you are, some persons prefer a non family members than a family, which is very dangerous nowadays, because if the person is a family member it's still better because your asset still remains within the family and no matter how harden that  family member would be, the family bond will still speak within than an outsider.
Privacy does not necessarily mean that everything should be kept to yourself alone, what about documenting these informations and details on how you go about whatever documented information given.
Privacy means selected good person or persons that can be able to keep secrets and not talking too much or anytime you are being questioned you should know what to say and when not everyone.
sr. member
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December 21, 2024, 04:09:54 PM
#48
Those who are aware of the security and privacy of their Bitcoin or other digital assets. They do not want to share their private keys and seed phrases with others, because they are the key to their assets. But "if you do not trust your family or other members of your relationship, how will you give them information about your assets or investments?" Privacy is actually the process by which an individual or group protects their own information. Where they can choose which information to share and which to keep secret.
Through this, they need to establish a kind of control over how their personal life or information is revealed and how others can use it.

People who value security need to seriously understand that it has to be protected by all means not everyone knows this, one of the things that are not supposed to be joked with is not more than private keys because that is like what controls the entire wallet and that is like the purpose of having a wallet for security purposes so if it's better, and people have not still gotten understanding about how important this seed phrase is and people don't want to take it seriously and no matter how close I know people that I can share my seed phrase with not everyone and the place you keep it matters a lot.

A lot of people have been robbed just because of how they have left there seed phrase openly for people to want to steal your funds and this is because of how some people just don't want to learn but if they eventually steal there funds they should learn and they will be an example for people to actually take this things seriously because I don't know why people still take this issue of security to be a joke untill they are the one that is affected. People prefer to learn the hard way.
sr. member
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December 21, 2024, 02:52:50 PM
#47
Let me answer you in a short based on the threads title.
Privacy to me is a sequence by which I'm self custodial to my bitcoin with no third parties included to have access and no requirements as the KYCs my the exchanges to have me and my transactions on tracks.
Just holding and my coins anonymously with no form of reveals of my treasures as bitcoin
“Just holding my coins anonymously” there is the answer that summarizes everything, self custody is the right way to giving your bitcoin and yourself some privacy but you need to make sure you’re putting other things in place as well.. how you connect you wallet to exchanges matter and it could reveal your identity but that’s if someone is really after getting your identity, you can reveal your identity online through address as well , exposing multiple addresses online could lead you to exposing a channel to your source addresses (main addresses
) unknowingly but once again these can only be done by someone who’s truly after getting your identity by all means as it isn’t a easy process to identify. Hence, just embracing self custody and other precautions is enough for your privacy.
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December 21, 2024, 02:29:20 PM
#46
Let me answer you in a short based on the threads title.
Privacy to me is a sequence by which I'm self custodial to my bitcoin with no third parties included to have access and no requirements as the KYCs my the exchanges to have me and my transactions on tracks.
Just holding and my coins anonymously with no form of reveals of my treasures as bitcoin
Perhaps privacy in terms of bitcoin or crypto might be in alignment with your definition of privacy but in my own opinion, it's all about how well we keep or activities on the internet not necessarily our bitcoin or crypto activity as bitcoin is not as private as it use to be back in the days hence its in our disposer to define what exactly privacy should mean to us.

Some people for some reason prioritise their investments over relationships that are live long, so goes to the extent of saying that they do not trust their family members to an extent that not even one person would have a clue of what they are doing or what they have in asset, thus I disagree with this vision of privacy and employe us to keep family close to the extent of disclosing some vital things to them in case of unforeseen circumstances.
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December 21, 2024, 12:16:01 PM
#45
Those who are aware of the security and privacy of their Bitcoin or other digital assets. They do not want to share their private keys and seed phrases with others, because they are the key to their assets. But "if you do not trust your family or other members of your relationship, how will you give them information about your assets or investments?" Privacy is actually the process by which an individual or group protects their own information. Where they can choose which information to share and which to keep secret.
Through this, they need to establish a kind of control over how their personal life or information is revealed and how others can use it.
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December 21, 2024, 10:12:00 AM
#44
Privacy is a process in which a group or a person to protect themselves or information about themselves, and thereby express themselves selectively. Privacy in the second hand means the art of staying alone with any distractions.
It is also the process of keeping a raw data save from the reach of any individual or group of persons with personal password attached to it.
sr. member
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December 21, 2024, 09:44:05 AM
#43
However it's advisable to share some Private life like our assets and confidential information Incase if the person is no more, for continuity.
The problem for plenty people na who dem go share am with? Remember say if you give person your seed phrase or show am where you keep am, you gats trust that person like crazy, and no be everybody get that trusted person. I dey always talk am, e better say you hodl your funds to yourself oh, than to lose am when you still dey alive because you dey try pass am down to an heir; that one no go make sense oh.

Well na only your spouse or your pikin na you for fit trust but even the wife sef coma dey because of what the society has turned into and infact the possibility of she understanding the concepts of what you have given her sef dey although you go put her through but Omo like you talk coma still dey bro because e go dey too bad sey person come discover say all him hard work don go because of say e try to think ahead when the time to leave the world reach.
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December 21, 2024, 08:51:25 AM
#42
Let me answer you in a short based on the threads title.
Privacy to me is a sequence by which I'm self custodial to my bitcoin with no third parties included to have access and no requirements as the KYCs my the exchanges to have me and my transactions on tracks.
Just holding and my coins anonymously with no form of reveals of my treasures as bitcoin
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December 17, 2024, 05:43:36 PM
#41
However it's advisable to share some Private life like our assets and confidential information Incase if the person is no more, for continuity.
The problem for plenty people na who dem go share am with? Remember say if you give person your seed phrase or show am where you keep am, you gats trust that person like crazy, and no be everybody get that trusted person. I dey always talk am, e better say you hodl your funds to yourself oh, than to lose am when you still dey alive because you dey try pass am down to an heir; that one no go make sense oh.
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December 16, 2024, 08:57:16 PM
#40
I don't support the idea of keeping your assets private from everyone including your spouse's or loved ones. We can all agree that keeping your seed phrases and passwords private are important but just like you asked what if something happens? If no one else knows all these it means that your assets would just be wasted because nobody would have access to them. Sharing these informations with people are very risky but you must make sure that they are people you trust. Privacy is very important to everyone but for the sake of having a back up plan share it with someone you can trust.


In nature, privacy is something you keep concealed from others. Keeping your items private is critical since many people are only waiting for opportunities to hurt you and gain access to your finances. However, in the times of crypto, you must keep your private key hidden from everybody. so that know one will have access to it. But they must find someone in whom you have complete faith with, such as your wife, children, or mother. And you must disclose your secret with them so that if anything happens to you, they will have access to your wallet when you are no longer more. But if you think you won't tell your loves once about what you are doing, I think you are just investing on something that you won't benefit from it for long and your people won't still get any benefit.

Nobody knows what will happen the next day, therefore you should choose one or two individuals in your life who you can absolutely trust, because you can't says that anyone in your life is untrustworthy is impossible. Op, I believe those who stated that they had not shared their private key with anyone were referring to friends and relatives. But they will undoubtedly share with their wife or children so that they may benefit from it one day, because can said your wife will touch your wallet while you are living.

Anything we are doing we need to be thinking wisely, so that we won't regret it. People are very difficult to truest sometimes because you won't know what they are  planning against you, and they will be smiling and respectfully to you, but when you are in a difficult conditions that is when you will notice a good person that you can share your things with and he will definitely keep it secret. And now that the country is not going smoothly like before anymore, you will see different people in life there goals is to just get money in any way and they can cheat you and run away. so is good to keep many things secrets in life because is very difficult to have trusted person that will keep your things Private without cheating.
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December 16, 2024, 04:06:00 AM
#39
This topic na very interesting topic and we don discuss am plenty times over the years way I don dey the forum and everybody dey always get different opinions on the matter. Trust na very big thing, to earn trust especially when it involve money no easy. I go say if you fit trust person enough to marry her, share your bed with am every night, let her cook your food without supervision and have your children, you suppose don build a level of trust with that person to fit involve them for your business and finances. Na my $0.02 be this on the topic.
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December 14, 2024, 01:28:10 PM
#38
Before I share my opinion on this matter, let's look at the meaning of Privacy and Trust,with the help of a Cambridge dictionary.Privacy means someone's right to keep their personal matters and relationships secret while Trust means to believe that someone is good and honest and will not harm you, or that something is safe and reliable.
In the crypto space private keys and seed phrase are meant to be kept as a secret, people have different perspective in terms of not revealing their private keys and seed phrase to their loved ones.Most persons trust nobody but the funniest part of it is they don't trust themselves either.Keeping your asset credentials private doesn't stop you from telling your loved ones,most politicians have multiple investment and their wives and children aren't aware of them, don't you think that's more than a private life.Even if they aren't aware of all the investment at least one or two should be known by them.Life can be so unpredictable,no one would ever wish for the unavoidable to happen,so one can as well create awareness about Bitcoin to whoever he/she trust or if possible create a multi-sig wallets.
sr. member
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December 12, 2024, 04:09:14 PM
#37
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'm not married yet but I have live to understand how how marriage work in this century. Today's as they called it Genzes, the way they do their relationship nowadays is transactional which means money is involved in any relationship that you know whether it's true love or fake love, there will be a transaction in that relationship otherwise it will not last. You need money to spice it up no matter how good you are in it and this is why one has to be careful of how yiu share investment in your relationship.

I personally will share my investment plans with my wife but I will not tell her the exact amount so I can see every character in her, she wouldn't fake it and she wouldn't want to spice it up because of the money. It's better that way so as each day goes by, I will see their true character and as for the children, I wouldn't tell them even if I have it in their name, I will like to see the man in them and when he time is right, I will share them my ideas of investment that I have on ground.
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December 12, 2024, 03:15:52 PM
#36
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
Privacy, to me, means the right to control one's personal information and to have autonomy over how that information is shared and used.

More so, It encompasses the idea that individuals should have and  the ability to make decisions about some sensitive  aspects of their lives and how it's shared with others.

However it's advisable to share some Private life like our assets and confidential information Incase if the person is no more, for continuity.
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December 12, 2024, 10:00:03 AM
#35
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.

You've a point from what you've said so far, but I think everyone has their own way of defining it. Maybe we are not longer discussing about privacy or private keys again, but Trust and personal relationships with close ones, because taking a look at what you've written, it's more of seeing/picturing who to entrust things with. Let me actually speak from a general view. I think at some point, some Bitcoin hodlers will end up telling a trusted person (doesn't have to be a family member by the way), while others won't. I think it's just a common practice for everyone to keep their private keys to themselves especially at that very early stage, but after sometime, few might see the need to inform a Trust party about it.
sr. member
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December 12, 2024, 08:52:14 AM
#34
I don't support the idea of keeping your assets private from everyone including your spouse's or loved ones. We can all agree that keeping your seed phrases and passwords private are important but just like you asked what if something happens? If no one else knows all these it means that your assets would just be wasted because nobody would have access to them. Sharing these informations with people are very risky but you must make sure that they are people you trust. Privacy is very important to everyone but for the sake of having a back up plan share it with someone you can trust.
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December 12, 2024, 03:39:39 AM
#33

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?
 

I understand say you dey talk as e suppose be concerning keeping our coins away from third party, yes. But at the same time we also need to consider looking the other side incase something go wrong like, in the case of death or person lose him memory and off course can't recognise things of the past. I don watch movies like that where person get accident and dey find am difficult to recognise people around am even their lovers. Na so the case fit also be when we just isolate our privacy regards to seed phrase or password from everyone.

We suppose look beyond sometimes and let people wey we fit trust know about the phrases or password to our wallets. Off course to trust no easy and couples too fit no dey live fine, so e go dey difficult in such instance. Worse worse, we fit get book where we dey write certain things like those password or email password down so that at all at all, person fit stumble on dem when we no dey again.

Death no dey give sign as things like this don happen plenty times with bank accounts. Some husband get plenty money for bank without the wife or children knowing about am and once death come everything don go except na grace of God wey dem fit take trace dem. Or person fit write will down and include those password.
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December 11, 2024, 06:06:25 PM
#32
This responds is contradicting because I am just wondering what who has access to my private keys will be thinking of me. Maybe wishing me death so as to inherit or take over assets. This maybe terrible because the risk is too much as who you trusts can betray you.
On the other side, I wonder if It is then preferable of maybe we die and our assets get stocked and dump making my wallet dormant be the best option? Of course not , he need to find a worthy trusted one to make this reveal but at no course should be be forced in to truats.
when I see comments like this from people it becomes so weird to me because I'm from a different background of training hence we do of have different perspectives of humans. having the mindset that someone who you trust is going to wish you death in other to acquire your assets is something I wouldn't expect to happen though we are in a cruel world where everything is now possible but at least the ones we call love ones are not supposed to be in this category of people.

I like the fact that your still have the convection that it's worth sharing in case you're under any circumstances that may not be able to upscale you one more time.


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
We have lots of them, even hefty bank account owners who their intimate family has little or no knowledge of the funds in those banks, leaving everything at the mercy of their lawyers. When their lawyers are dishonest, they can collide with bank managers to swindle the funds since the family is not even aware such funds are owned by their family member. It is totally wrong.
I agree with you 100 per cent and I think such mindset should be abolished, even though we love privacy, secrecy shouldn't be used in place of privacy. when you are supposed to do things with family knowledge you keep them to yourself and one day you're found no more and your whole assets is not inherited nor used for any tangible reason rather it has turned into a contribution to the network which you in your condition will have no awareness whatsoever it's used to do in the network.

And that's what brought me to still remind the community because we live in a part of the world where things can happen at anytime, life expectancy doesn't really work here that much so it's best we keep our love once close and give me knowledges that can keep them even you're not there.
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December 11, 2024, 04:57:38 PM
#31

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
We have lots of them, even hefty bank account owners who their intimate family has little or no knowledge of the funds in those banks, leaving everything at the mercy of their lawyers. When their lawyers are dishonest, they can collide with bank managers to swindle the funds since the family is not even aware such funds are owned by their family member. It is totally wrong.

Some people who have good quantity of bitcoin have died without anybody being able to recover their wallets or even know that they have such digital wealth, such are lost forever and it is quite a very big error. Satoshi calls it a contribution to the network, but it a terrible loss to the family concerned which could've been enriched and assisted with those funds upon the investor's demise.

At least a trusted family member should be in the know of your investments both in fiat, assets and crypto, you can do well to place it beyond their reach while you are alive, but it should be within their reach when you are gone so you don't labour in vain.
sr. member
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December 11, 2024, 03:26:43 PM
#30
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.
sr. member
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December 11, 2024, 01:39:57 PM
#29
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.
legendary
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December 11, 2024, 12:33:29 PM
#28
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.
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Hope Jeremiah 17vs7
December 11, 2024, 11:35:44 AM
#27
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.

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.
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December 11, 2024, 10:40:37 AM
#26
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.
hero member
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December 11, 2024, 10:03:07 AM
#25
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.
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December 11, 2024, 03:03:16 AM
#24
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.
sr. member
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December 10, 2024, 05:30:31 PM
#23
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.
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December 10, 2024, 04:31:45 PM
#22
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.
legendary
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December 10, 2024, 12:38:23 PM
#21
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.
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December 10, 2024, 11:05:10 AM
#20
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.
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December 10, 2024, 10:55:36 AM
#19
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.
hero member
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December 10, 2024, 10:31:57 AM
#18
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.
hero member
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December 09, 2024, 05:33:48 PM
#17
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.
sr. member
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December 09, 2024, 11:17:25 AM
#16
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.
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December 09, 2024, 11:08:37 AM
#15
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.
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December 09, 2024, 09:15:05 AM
#14
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.
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December 09, 2024, 08:29:57 AM
#13
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.
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December 09, 2024, 08:18:39 AM
#12
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.
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Eloncoin.org - Mars, here we come!
December 09, 2024, 07:57:33 AM
#11
; 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]
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December 09, 2024, 12:40:16 AM
#10

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
Situations  like this has been discused severely in this forum on how to transfer our wealth or heirs to our family mostly by revealing access to our investment .  It is important to tell our love ones about our investment incase serious issues happens to us.  Sometimes it may not be death but a critical illness that may result to not being able to get access to our investment, hence our family will be in good position to do that. I can say it's lack of trust between spouse or family  that cause the reason why people don't expose access to their investment. But however no matter the situation,  it is good we reveal certain important information to our love ones to avoid total lose when we are in critical condition.
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December 08, 2024, 11:56:31 PM
#9
I understand exactly what you mean ,and I also feel the same way. Honestly I don't believe in the type of privacy where I can't
Share important details to people or someone close to me whom I can trust.
I remember quite well as the first son of my family at age 12 my dad called and gave the bank details of every account he owns which after 14 years I'm still aware of . So he knew about unforseen circumstances, so he shared important details with his next of kin and even his wife.
Although he is still alive but I don't see why I shouldn't follow in his footsteps.
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December 08, 2024, 06:56:09 PM
#8
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


Not everyone though boast of not being able to share to family members about their holdings, I think I have come across a thread here about how to set up and enlightened your loved ones about your portfolio just Incase anything happens and no one plans for the unknown to happen and from the multitude of suggestions many users here taught about multi signature account where both parties ought to each have access to the wallet through their seed phrase and many said its best to brief and carry them along about the crypto space because for most of the case where user go to the great beyond and their hard save is lost is because of lack of knowledge towards such asset.
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December 08, 2024, 02:33:04 PM
#7
This responds is contradicting because I am just wondering what who has access to my private keys will be thinking of me. Maybe wishing me death so as to inherit or take over assets. This maybe terrible because the risk is too much as who you trusts can betray you.
On the other side, I wonder if It is then preferable of maybe we die and our assets get stocked and dump making my wallet dormant be the best option? Of course not , he need to find a worthy trusted one to make this reveal but at no course should be be forced in to truats.
sr. member
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December 08, 2024, 07:35:23 AM
#6
In this century do we still have privacy? I doubt if we still have it.
privacy in the context the OP is using is not about doing things on the net without a third-party interference. it's about keeping your private keys safe and particularly not giving it to anyone while also considering that doing so could lead you to losing your asset in the case of a sudden death. it's something we are all used to most especially if you have some good amount of money you are keeping in the bank where you will be required to bring a next of kin who will take care of your money in the event of your demise. in crypto, there is nothing like a next of kin so it is left for you to make appropriate plan on what will happen to your asset when the unavoidable happens.
To avoid story that touches share ur private keys with a trusted fellow. It will save you tomorrow.
apart from the consideration of death, sharing of private key with a third party should never come to mind even if you are trying to ensure that it doesn't get missing. if you want to keep it safe, there different ways to go about its which mind be to store it in different location such that if anything happens to one that is in a given location, you can still make use of the one that is in a different location.
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December 08, 2024, 04:48:01 AM
#5
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.

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December 08, 2024, 01:38:01 AM
#4
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? 
When it comes to privacy in bitcoin it is something that is too accessible if been exposed. Sometimes it is not as if you do not trust anyone to tell them about your privacy but you also need to think about how careful they are, if they can be very discipline to keep privacy very well. We don't tell people privacy because we don't trust them but we also consider if they can be able to keep it well from the eyes of other people and since it is this way it is best for you to just keep your privacy to yourself.
What is privacy or what is personal? I think privacy of a person is a matter of selfishness. A person prefers to keep himself safe from discussing the important issues of his life from others for his own interests. He doesn't want to share his private key with anyone including his family or his wife and children. But keeping in mind that man is mortal, at least one person should discuss this personal matter because this tireless work of his life will end with the last breathless sacrifice. For bitcoin investment we should keep some private key secret because it is not good to trust people or people are opportunists. In order to operate our online services in accordance with the essence of Bitcoin investment, you must keep your password confidential. If you want, you can tell your trusted person only the password.
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December 07, 2024, 11:51:39 PM
#3
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? 
When it comes to privacy in bitcoin it is something that is too accessible if been exposed. Sometimes it is not as if you do not trust anyone to tell them about your privacy but you also need to think about how careful they are, if they can be very discipline to keep privacy very well. We don't tell people privacy because we don't trust them but we also consider if they can be able to keep it well from the eyes of other people and since it is this way it is best for you to just keep your privacy to yourself.
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December 07, 2024, 08:20:26 PM
#2
; their seed phrases and privacy keys

It's called private key. Not privacy key.. everyone has their own perspective of what privacy means. But in general, privacy means keeping your personal life a secret. It's a very simple thing that we should ensure to abide to when dealing with online space. Privacy in different aspects can mean different things and when it comes to Bitcoin,  it means keeping your asset acquisition unknown to anyone. The issue of letting a loved one know about your BTC holding has been discussed several times here on the forum and like I have already said, life is unpredictable. The reason we hustle and struggle is to fend for those we love. 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..
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Eloncoin.org - Mars, here we come!
December 07, 2024, 06:18:25 PM
#1
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
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