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Topic: What happens to your Bitcoin should you suddenly die? - page 4. (Read 3527 times)

hero member
Activity: 714
Merit: 500
Just remember:
You could easily be hit by a truck today: No time to tell anybody about your secret stash of Bitcoin stamped on a piece of metal buried in your garden. No time to tell anybody the password to your bip38-encrypted paper wallet.

Where it is nice, that your Bitcoin are safe from the government and banks, it would be really sad, should you suddenly die and the Bitcoin are just lost, instead of supporting your own children.

So, I am less interested in theoretical ways to solve that problem, but more if somebody here actually did something to solve it.

I have thought about that also and came up an idea but I don't know how to work it out.
I think you should do something with multisigned address where more people have a key of the wallet but none of them can access the funds by themself.
That would be an obvious solution. The question is: Should they know of each other? If they don't know of each other, how could the multisigs be brought together, if you die?
member
Activity: 75
Merit: 10
Fearless, except for those who are fearless
Just remember:
You could easily be hit by a truck today: No time to tell anybody about your secret stash of Bitcoin stamped on a piece of metal buried in your garden. No time to tell anybody the password to your bip38-encrypted paper wallet.

Where it is nice, that your Bitcoin are safe from the government and banks, it would be really sad, should you suddenly die and the Bitcoin are just lost, instead of supporting your own children.

So, I am less interested in theoretical ways to solve that problem, but more if somebody here actually did something to solve it.

I have thought about that also and came up an idea but I don't know how to work it out.
I think you should do something with multisigned address where more people have a key of the wallet but none of them can access the funds by themself.

hero member
Activity: 714
Merit: 500
Just remember:
You could easily be hit by a truck today: No time to tell anybody about your secret stash of Bitcoin stamped on a piece of metal buried in your garden. No time to tell anybody the password to your bip38-encrypted paper wallet.

Where it is nice, that your Bitcoin are safe from the government and banks, it would be really sad, should you suddenly die and the Bitcoin are just lost, instead of supporting your own children.

So, I am less interested in theoretical ways to solve that problem, but more if somebody here actually did something to solve it.
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