Who is most reliable person? | Bitcointalksearch.org

doomloop

hero member

Activity: 2268

Merit: 581

Quote from: HajiBagi on March 25, 2023, 03:43:10 AM

I don't believe it's a good idea to give your private keys or bitcoin keys to someone close to you while you are still healthy and young; doing so is a risky and easy way to make your life miserable because your bitcoin will be gone as soon as you do so to your son, wife, or any other person you truly trust, because these days, close friends and family members have the power to hurt you more than anyone else, and when it comes to wealth, it's very risky to do so, in my view, while you are still healthy, don't give your relatives access to your bitcoin private keys.

I agree with you on that, I think it is not a very bright idea to give access to your funds to someone no matter how much you trust them. If you ask me, there is only one person in the whole wide world that I trust more than myself and that is my mother, and she knows nothing about technology and everything, especially Bitcoin, and I think that is the case with most of us.

So basically, it is better if we don't give anyone access, but we should write a will and describe in it where we have kept the private keys, etc. So that when the will is read after we are dead, the funds are not wasted and accessed.

Awaklara

hero member

Activity: 1050

Merit: 657

Quote from: MIner1448 on April 03, 2023, 10:52:34 AM

Ownership of a bitcoin wallet implies the possession of the corresponding private keys, which are essential for accessing a bitcoin address and performing transactions. It is not recommended to show your private key or seed phrase to anyone, as this can lead to the loss or theft of your bitcoins.
However, if you really want to share your bitcoins with your loved ones, there are ways to do so without having to hand over private keys. For example, you can create a new address and send bitcoins to it, and then share this address with the people you need.

The seed wallet that we keep is very personal. even people who teach us to make wallets also will not ask to be able to know our seeds.
sharing it with others, even with our loved ones is also not good. especially for those who already know how Bitcoin wallets and trading work. it's too risky. because you know that for every crime that occurs, the people closest to you are the first to be most suspected.
you gave a pretty good suggestion, it's better to make a new wallet for them than to share the seeds of the wallet we have.

MIner1448

member

Activity: 938

Merit: 13

Tontogether | Save Smart & Win Big

Ownership of a bitcoin wallet implies the possession of the corresponding private keys, which are essential for accessing a bitcoin address and performing transactions. It is not recommended to show your private key or seed phrase to anyone, as this can lead to the loss or theft of your bitcoins.
However, if you really want to share your bitcoins with your loved ones, there are ways to do so without having to hand over private keys. For example, you can create a new address and send bitcoins to it, and then share this address with the people you need.

Mpamaegbu

legendary

Activity: 2688

Merit: 1208

Once a man, twice a child!

Quote from: Luzin on April 03, 2023, 07:56:56 AM

Quote from: Mpamaegbu on April 03, 2023, 07:05:33 AM

~snipped~

Yes, it seems that he believes in you. He believes you are a good person for successfully teaching him.

Yes, he did believe in me. However, I was teaching him at the time the principle of "never you trust anyone in this crypto industry". So, he failed the test.

Quote

But from there he's also smart because he gives you a blank wallet password and password. It indicates that you have taught him well.

Not really that. It was a wallet I tutored him to open. I knew it was blank. Even after he unwittingly gave me his passphrase, I told him to discard that wallet and open a new one.

Quote

Even myself wouldn't give prifatkeys, passwords to people who have taught me, that's crazy.

That's the spirit!

Quote

But I have written in some notes. This is because I hope my wife or child finds out if one day I die.

Yeah, that should be the attitude. That's in case who dies intestate.

Luzin

hero member

Activity: 1400

Merit: 770

Quote from: Mpamaegbu on April 03, 2023, 07:05:33 AM

He released his passphrase to me. BTW, it was an unused empty wallet for practice. I laughed him to scorn and reminded him how he should never give it out. He felt sorry for himself. I believe my shared experience answers that part of your question now.

Yes, it seems that he believes in you. He believes you are a good person for successfully teaching him. But from there he's also smart because he gives you a blank wallet password and password. It indicates that you have taught him well. He lives what you exemplify.
Even myself wouldn't give prifatkeys, passwords to people who have taught me, that's crazy. Even my family hasn't figured out what my wallet password is. But I have written in some notes. This is because I hope my wife or child finds out if one day I die. Because I work for my son and wife, so I will give my wife the password sometime when the time comes.

Mpamaegbu

legendary

Activity: 2688

Merit: 1208

Once a man, twice a child!

Quote from: Greggry on March 19, 2023, 04:28:03 PM

But to some point because of love, trust and spouse lips, we give out our details freely for this person to access.

If you continue to think that way, losing yourself so to say because of the entrapment of female anatomy, then you're more likely to get into trouble than out of it.

Quote

Better still between someone; who introduced and taught you about bitcoin...

This part captures an experience I had in 2021. Let me share that with you. I was teaching someone about Bitcoin and trading. When I got to wallet security and safety, I drummed it into my student NEVER to reveal his passphrase or password to anyone; not even to me. I included myself in it. Lecture continued for the rest of that day.

Two days later, while dwelling on a different topic, I asked him to send me his passphrase that I wanted to check for something. He refused, reminding me of what I told him. I pushed further and told him to remember I was different since I was the one teaching him. That broke his defense. He released his passphrase to me. BTW, it was an unused empty wallet for practice. I laughed him to scorn and reminded him how he should never give it out. He felt sorry for himself. I believe my shared experience answers that part of your question now.

The only time one can give that out should be in one's will.

Lida93

hero member

Activity: 742

Merit: 529

Your question is quite technical to give a direct answer as the issue of trust with bitcoin wallet is one of unending debate as to who and why such trust should be handed to with your wallet seeds phrase. We can't really see or way what the future holds in a relationship between people what the outcome might be so to be on the safe side you keep your keys to yourself despite the relativeness.

ancafe

hero member

Activity: 1582

Merit: 690

Quote from: Greggry on March 19, 2023, 04:28:03 PM

Can we also show our bitcoin key to someone closer, maybe love, spouse, next of kin?
Better still between someone; who introduced and taught you about bitcoin, a friend or family member and your children who's most preferred and reliable person to give out our information about your bitcoin?

It makes no sense to give someone else your private key and giving someone else your private key or seed phrase will give them access to your assets. You should carefully consider giving out the private key to someone else, as the risk of losing assets is much greater.

It's another case when you intend to bequeath these assets to your children or wife, I intend to give them full access rights someday, but first provide an understanding so that when they have access they don't use our assets for things that are harmed, for example such as selling to unfavorable conditions.

SOKO-DEKE

hero member

Activity: 644

Merit: 544

It is clear that anyone that have our private key can access our wallet, with that we are advised not to share our private keys or anything that can make anyone have access to our wallets apart from us.

But we have no option rather than to share with trust once because death is not what we do plan for and it can occur at any fucking time without any notice. Death does not determine age or someone health condition before it occurs,so we have to Share our share private key to love trusted once, incase we are no more life our love once can get access to our fund easily. But the only thing that is there is for we to get that closer trusted person to share it with, because money is a temptation and it can attempt anybody and nobody is above to betray,but it will be better for our family to betray us than someone easily, and that is why we should share it with our husbands, wives and our unclear family. currently I have not share my private key with anybody but I have written it down on my diary at where those private keys are kept at different location but I make sure my dairy is not public.

Dzwaafu11

sr. member

Activity: 504

Merit: 323

Quote from: Greggry on March 19, 2023, 04:28:03 PM

When it comes to bitcoin wallets is totally a kind of private pants for females and boxers for male. Bitcoin wallets is like ATM pin which is assigned to individuals which banks do not respect another person on your behave. Is personal identification number, that's what bitcoin wallets, private keys and seed are. But to some point because of love, trust and spouse lips, we give out our details freely for this person to access.

Can we also show our bitcoin key to someone closer, maybe love, spouse, next of kin?
Better still between someone; who introduced and taught you about bitcoin, a friend or family member and your children who's most preferred and reliable person to give out our information about your bitcoin?

You should be aware that anyone can betray you, including members of your family or close friends, when it comes to sharing your private key or seed phrase.

Never give your private key or seed phrase to someone who has more Bitcoin knowledge than you do since they could easily access your money.

As your next of kin, you should ideally be able to trust at least one of your children or siblings to provide your seed phrase or private key because nobody knows when they'll die. Your life may be taken at any time by God.

Salahmu

sr. member

Activity: 392

Merit: 269

I don't get your question, does it mean you don't no whom You could rely on?, well You can only trust someone you are sure that will not betray you with your Bitcoin, but family members is mostly reliable and trust worthy because you would have known him all your life on how he is.

Findingnemo

hero member

Activity: 2310

Merit: 757

Bitcoin = Financial freedom

My family either it can be my partner or parents or most likely to split between them but as of now I am not gave access to the seeds or private keys to anyone however I told them where they can find if I am not be able to tell them by myself while the catch is its under my custody and my siblings are the only persons where I stored them.

The person differs for everyone so there is no point of asking who is that person because its completely irrelevant to others.

touseefahmad1999

member

Activity: 966

Merit: 10

Allah is the Greatest

It's important to understand that sharing your bitcoin private keys or seed phrase with anyone, including those closest to you, can pose a significant security risk. This is because anyone with access to your private keys or seed phrase has complete control over your bitcoin and can potentially steal or transfer it without your permission.

While it may be tempting to share this information with someone you trust, it's generally not recommended. Instead, it's better to take steps to ensure that your private keys and seed phrase are stored securely and that you are the only person who has access to them.

If you do want to share information about your bitcoin with someone, such as a friend or family member, it's important to do so in a way that does not compromise your security. This could include sharing information about bitcoin in general, or showing them how to use a bitcoin wallet without giving them access to your private keys or seed phrase.

Ultimately, the decision to share information about your bitcoin with others is a personal one, and it's important to weigh the potential risks and benefits carefully before making a decision

Chilwell

sr. member

Activity: 560

Merit: 408

The Alliance Of Bitcointalk Translators - ENG>PID

To be honest it very difficult to give the bitcoin wallet to any of the following people you mentioned and I believe their all family members. Know that this people you mentioned can betray you at anytime. Let say for instance you gave the details to your wife, and one day she is asking you for money and you said to her you don't have and later you received a email telling you that you have transferred so so amount of bitcoin from your account, or marriage didn't wake out between you and her again and she already have access to your wallet, that means you are in great danger.

For your children and friends they can not be trusted too. They can turn to your enemy tomorrow. You have to keep it away from the person that introduces you, because anyone have their own blessing and have different destiny, if eventual you are doing better than him, not everyone have the mind of you great than them.

Woodie

hero member

Activity: 1792

Merit: 871

Rollbit.com ⚔️Crypto Futures

Quote from: Greggry on March 19, 2023, 04:28:03 PM

When it comes to bitcoin wallets is totally a kind of private pants for females and boxers for male. Bitcoin wallets is like ATM pin which is assigned to individuals which banks do not respect another person on your behave.

Lol love the word play in this and how you describe how Bitcoins privacy is to be respected Wink

Quote from: Greggry on March 19, 2023, 04:28:03 PM

Can we also show our bitcoin key to someone closer, maybe love, spouse, next of kin?

The fact that crypto can not be accessed by forced entry except in a few rare cases were a wallet can be brute forced and because of this it's only fair and unselfish that we pass this crypto onto the next ones without leaving these coins to be forever forgotten when family can make use of the crypto money.

Quote from: Greggry on March 19, 2023, 04:28:03 PM

Better still between someone; who introduced and taught you about bitcoin, a friend or family member and your children who's most preferred and reliable person to give out our information about your bitcoin?

Let the kids have this as a present, with crypto being the future they are pretty much going to figure this out, better yet a mnemonic can be left with words being mambo jumbled with life events that they only can know answes too.

Kalchef

member

Activity: 105

Merit: 20

No one, if you think otherwise wait till you get hit hard, you will get up and learn so, your choice, as I am right now, I don't trust a soul, not even people around me because there are some cases where money caused a big stir in the family, there is no way you would know who is born greedy or not, maybe when I get married some day I can consider giving my private key to my wife and kids.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Greggry on March 19, 2023, 04:28:03 PM

...Can we also show our bitcoin key to someone closer, maybe love, spouse, next of kin?..

You cannot keep a private key secret from your family members, as you must understand that the life of any person can suddenly end. In this case, along with death, the funds stored on the wallet and in which your family members will want will become unavailable.

Seinlocko

newbie

Activity: 51

Merit: 0

Quote from: Greggry on March 19, 2023, 04:28:03 PM

When it comes to bitcoin wallets is totally a kind of private pants for females and boxers for male. Bitcoin wallets is like ATM pin which is assigned to individuals which banks do not respect another person on your behave. Is personal identification number, that's what bitcoin wallets, private keys and seed are. But to some point because of love, trust and spouse lips, we give out our details freely for this person to access.

Can we also show our bitcoin key to someone closer, maybe love, spouse, next of kin?
Better still between someone; who introduced and taught you about bitcoin, a friend or family member and your children who's most preferred and reliable person to give out our information about your bitcoin?

for what purpose do you want to do such a thing, if you want to give those keys or phrases on what basis, are you going to retire to trading, do you want to bequeath your assets.
if not so better keep the key phrase safe, so it's safer and more secure.

HajiBagi

sr. member

Activity: 504

Merit: 302

I don't believe it's a good idea to give your private keys or bitcoin keys to someone close to you while you are still healthy and young; doing so is a risky and easy way to make your life miserable because your bitcoin will be gone as soon as you do so to your son, wife, or any other person you truly trust, because these days, close friends and family members have the power to hurt you more than anyone else, and when it comes to wealth, it's very risky to do so, in my view, while you are still healthy, don't give your relatives access to your bitcoin private keys.

macson

full member

Activity: 1008

Merit: 141

Quote from: Greggry on March 19, 2023, 04:28:03 PM

When it comes to bitcoin wallets is totally a kind of private pants for females and boxers for male. Bitcoin wallets is like ATM pin which is assigned to individuals which banks do not respect another person on your behave. Is personal identification number, that's what bitcoin wallets, private keys and seed are. But to some point because of love, trust and spouse lips, we give out our details freely for this person to access.

Can we also show our bitcoin key to someone closer, maybe love, spouse, next of kin?
Better still between someone; who introduced and taught you about bitcoin, a friend or family member and your children who's most preferred and reliable person to give out our information about your bitcoin?

this depends on yourself, if you trust the people closest to you then you can tell anything you know about bitcoin ^{(including your own wallet)}, but i personally have the principle that i have to have a secret that only i know and will tell it to other people when the time is right. We don't know what will happen in the future, it could be that our close relatives spread information to other people about the bitcoins that we have so that we become the target of criminals.

Topic: Who is most reliable person? (Read 621 times)