Who is most reliable person? - page 2.

Yamifoud

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Quote from: Greggry on March 19, 2023, 03:28:03 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 was not a wrong move to let any of your family members know what you are doing but when it comes to the private keys or any information that will risk the safety of your investment or whatever it is, better to disclose it to them. Besides, it was not necessary unless you feel like you can't handle it anymore due to some health issues. As you know that money is tempting, but people become evil when it comes to that which is why you should be careful with your keys just for that sake. You can tell them about Bitcoin and nothing else.

Luffygroove

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Oh, what interesting imagery! But I won't use that parable if I were you, haha. Why? Because it's not about the title (someone closer, maybe love, spouse, next of kin) that you've mentioned (which, in your figure of speech, probably can touch private pants for females and boxers for males). I don't advise sharing the private keys or seed phrases with anyone, but if you have to, IMHO, there are three conditions to fulfill before you share them with others. First, only share them with TRUSTED individuals. Second, share it with the person who NEED to know. Third, who UNDERSTAND the value and significance of protecting this information. So, depending on this criteria, I think you may consider more about who could know about the information.

mamesso

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Trust is the most difficult thing to keep, you have to find someone who can hold the trust you give. Siblings can still be counted on, but not all of them can be trusted. You can also teach your wife how to use Wallet, in general she can be trusted because of her position as the mother of your children.
You have to find the right person to take care of the assets in your Wallet, I'm sure you can read all the characters of the people around in your life. Of the several members of your family, there must be one honest person.

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Quote from: Greggry on March 19, 2023, 03:28:03 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?

We all should share our private keys with anyone no matter how we trust a person that's the general rule I mean it's privacy and you're the only one who should have control of your own wallet, but it doesn't really matter since its still your decision if you really trust a friend or your family you could easily give it to them anyway, when someone is teaching you bitcoin they should not know your private key they should tell you that your the only one you should know about that private key if he wants to know your private key that might be an issue because he might get your bitcoin in the future, he might have a plan already to steal your bitcoin in the future that's why he's teaching you how to invest or buy bitcoin.

I would understand giving your private key to your family since we need someone to inherit our bitcoin, but I wouldn't give it to them easily, I'll just write it down on a paper or notebook and then tell someone in my family who I trust that I have a bitcoin wallet.

Smartvirus

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Quote from: Greggry on March 19, 2023, 03:28:03 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?

Pants is a general name for a piece of garment worn to enclose both legs and elongate to the knee. Underpants might be what your laying reference to here but, even underpants are made public and that you could easily find at the beach. This makes the analogy your trying to make a little out of place as, private key or seed phrases aren't supposed to be exposed in any circumstance to the public eye or a third party and you'll be cool wth it.

The fact that, your coin could be transfered without you even knowing whom might have done that, even though you could trace the address(es) in which the coin was moved is what makes the whole idea of letting any individual aware of your private key or seed phrase. It's a master code that could function in any reset nd that isn't in your best interest.

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Quote from: Greggry on March 19, 2023, 03:28:03 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?

Sharing Bitcoin private keys should be very careful. They can take your Bitcoin at any time if they are not trusted people. I simply don't share it with a friend, I only trust my family for a private thing. In my opinion, sharing private keys with wife or children (must be mature, 18+) is the best option. However, make sure you give some lessons to them, so they understand how to use it someday. Before you share private keys, you must share important knowledge with them as well. At least, they know how to use it and they know that Bitcoin isn't a bad thing for the future. Don't share to someone who dislikes Bitcoin/crypto!! Grin

lizarder

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Quote from: Greggry on March 19, 2023, 03:28:03 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?

Your line of thought is very simple for the security concerns of the bitcoins you have, in some cases it doesn't make sense to give the private key to any of the people you mention, unless you really trust them to keep your assets or in the worst case you begin to pass on a bequest of assets that you own if at any time you do not have the opportunity to keep those assets anymore.

But generally nothing can guarantee when you start giving private keys to other people, even if it's family, closest relatives or someone you trust, unless like the worst case that I told you and you intend to pass on the assets to the family as a successor

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Quote from: uchegod-21 on March 23, 2023, 03:48:39 PM

That is a true statement. It is a matter of trust. One would always trust a family member unless in a few cases where someone outside the family is trusted more.
But one disadvantage people face is that some of the family members maybe the one you trust may not be interested in bitcoin and cryptocurrency. So even when they have the keys, they still need the help of someone to be able to get the monies of the wallets.
That is why I recommend that you teach a trusted someone about bitcoin before sharing the keys.

A wise and appropriate way to provide education in advance to several trusted family members. If they already know and understand what bitcoin is and know how to use it, we won't worry anymore. They can manage our wallet well when we can't use it anymore.
But you also need to remember, Tell them about the risks that will occur in bitcoin or crypto, because I'm afraid they will panic at the price fluctuations that occur.

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Quote from: Greggry on March 19, 2023, 03:28:03 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?

I can not understand actually you are serious or just kidding. Btw I will suggest never sharing your private key with anyone. If you do so this means that you don't care about your money. If you really need to share the keys with someone, the father and mother are the people you can share I think. But don't share it to them also if they don't know the value of your private keys. Otherwise, sometimes they can reveal it to someone at some point

Alphakilo

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Trust is such an expensive goods that hardly will you see a trusted buyer. Trusting love one either family or friend is actully good but due to the rate of betrayal in the world today, there is no trust no more. Most times it is your loved once that will betray you the most.
I once trusted my fiance with my debit card pin. When we had issues she used it to withdraw my money. That made me to change the pin and never disclose my personal information to anyone.
I will never disclose my bitcoin information to anyone. I have trust issues.

Z390

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If you trust your family to that extent then the call is yours, there is a reason why many people label money as the devil.

1. Money has made mothers to abandon her child.
2. Money has made children to use their parents for voodoo or rituals.
3. Money has made many men lose their women to other men.
4. Money has made many friends to betray their friends.

Many people have lost their lives because they trust someone they shouldn't have, so I urge everyone to be careful, if the money you have is very attractive, like a high amount of money, please keep it yourself, if you want to inherit your asset to your kids make sure you do it right, by not revealing how much your asset is worth, your blood can become a devils tool because of greed.

Buy them wallets instead and share the amount you are ok to give them to the wallets, then hand the wallets over after you are sure that they can transact on the blockchain.

Cookdata

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Quote from: Greggry on March 19, 2023, 03:28:03 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.

A private key is not a personal Identification number and a Bitcoin wallet is not like an ATM, these are two different technologies that operate on separate models, Private key doesn't identify who you are but enable you to prove ownership and spend your bitcoin. Bitcoin wallet just helps you to manage your private keys, it doesn't have any similarities to an ATM at all.

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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?

Except you are ready to lose that Bitcoin at any time, your wallet seed phrase or private keys don't have to be revealed to anyone because when it becomes compromised, anyone can deny they didn't spend your bitcoin and you will have no one to blame. If you must give access to any bitcoin, make sure it is the one you don't want to protect again, maybe you feel like giving that one out but your main private keys must remain a mystery people should never know.

zaki12

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Quote from: FirmWars on March 23, 2023, 06:21:27 AM

The betrayal stories I've heard about always get carried out by trusted people, those who are very close to you and you also trust them, a stranger can't betray you, it is always someone you know very well, when money is involved, the devil will keep lurking around, I advise not to trust any living soul, keep your wallet to yourself, we have heard about wife killing their husbands because of money and properties, a lot of money is powerful enough to corrupt the soul of the living.

Even if people we trust often betray us, I think Crypto can be said to be an inheritance to our family and children in the future, because we don't know when we will die. Just a word of advice regarding crypto inheritance with significant amounts of fiat:
1. Use an air-gapped hardware wallet, don't throw away the original packaging (box, manual, etc).
2. The private key in the form of BIP39 is printed and laminated, then covered with an easy-to-remove sticker.
3. Put both (including packaging, etc.) into a locked safety box.
4. Save the safety box in a trusted bank deposit box.
5. Make a will with legal experts, which contains concrete steps on how to access and monetize the crypto as completely and as clearly as possible, including what if scenarios if there is an error (we assume a lay person accesses).

Zlantann

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Quote from: Greggry on March 19, 2023, 03:28:03 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?

Trustworthy people are very hard to find. You can't trust even your spouse because the heart of men is filled with evil. Materialism and greed rule the world which is why there is a high increase in criminal activities. People don't really care about relationships because they are only seeking what to gain and not what to offer. We have heard the news of children killing parents, wives killing husbands, and friends killing friends because they want to access the victim's money.

I will not openly say who I trust or who has access to keys because the forum is also a public domain. It might be risky to unveil it to the public. But because I know that I am a mortal that might die any day, there is a need to show someone I trust where my keys are. To be specific, I trust just one person in this world.

uchegod-21

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Quote from: AakZaki on March 23, 2023, 02:43:32 PM

Quote from: uchegod-21 on March 22, 2023, 10:55:09 AM

Do women actually share their pants? What's the possibility that it happens?
When something is private because of hygiene is different when it is private because of security and trust.
If you are married, you can share everything including wallet keys with your loved one so that your coins will not lost when you eventually die.
While some people will decide to be private and remain private even till death.

having a partner and being married would be better, sharing a private key in case we can't do anything and need the help of the most trusted person, namely our partner.
But it's very different when you don't have a partner and don't have someone you trust.
Apart from that, family also seems to be the most trusted people, but everyone has a different affinity with their family. Make sure you have someone you trust and will continue the wallet that we have, don't let it get lost and no one opens it. Quite a lot of assets in a crypto wallet can become an inheritance which certainly provides true financial freedom.

That is a true statement. It is a matter of trust. One would always trust a family member unless in a few cases where someone outside the family is trusted more.
But one disadvantage people face is that some of the family members maybe the one you trust may not be interested in bitcoin and cryptocurrency. So even when they have the keys, they still need the help of someone to be able to get the monies of the wallets.
That is why I recommend that you teach a trusted someone about bitcoin before sharing the keys.

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Quote from: Greggry on March 19, 2023, 03:28:03 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?

This will completely depend on you and the people you trust. If it's just friends, general family, or a couple you haven't known for a long time, I won't describe it to them. Or the trust is limited to a number of things. And telling them this is very risky. Unless it's your marriage partner who really has 1 vision and goals for your little family, and this will also depend on the individual. I personally believe in my partner, so far he has even helped me to manage crypto assets, for the sake of our children. I've known him for more than 15 years, and I trust him. however, I do not provide these personal data to other family members, including my parents or younger siblings. It's not a matter of disbelief or anything, but there is privacy that sometimes doesn't need to be conveyed to other people.

Agbe

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Op giving out your password, private key, and seed phrase is a personal decision as others have said, like if I may also add to what others have already said, the way you want to will your properties, can use as the private key to a trusted person who can utilize the funds very well when you are not around. In a family anyhow the members stubborn or wicked, there must be a person that is good that you trust which can look after your fund for you or for the sustainable of the business. And you are to give someone that is highly technological so that the coins can be save but if you give to someone who is not good in bitcoin Ecosystem, the person might misuse them. Now, whom do you trust is another big question. But since you know your family members characters, you would know who is good and who is bad. It is not not good to leave this world without telling someone about your private key. In Fiat banks when you die, the next of kin can claim your money in the bank but in bitcoin there is no such. Once you left the world without telling someone about the private key then your Coins are lost forever. So tell someone before you leave.

AakZaki

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Quote from: uchegod-21 on March 22, 2023, 10:55:09 AM

Do women actually share their pants? What's the possibility that it happens?
When something is private because of hygiene is different when it is private because of security and trust.
If you are married, you can share everything including wallet keys with your loved one so that your coins will not lost when you eventually die.
While some people will decide to be private and remain private even till death.

having a partner and being married would be better, sharing a private key in case we can't do anything and need the help of the most trusted person, namely our partner.
But it's very different when you don't have a partner and don't have someone you trust.
Apart from that, family also seems to be the most trusted people, but everyone has a different affinity with their family. Make sure you have someone you trust and will continue the wallet that we have, don't let it get lost and no one opens it. Quite a lot of assets in a crypto wallet can become an inheritance which certainly provides true financial freedom.

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Quote from: Greggry on March 19, 2023, 03:28:03 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?

The biggest mistake not to fall into is to share bitcoin seed phrase with friends, no matter how tight the friendship is. Not even trust should be a reason to share seed phrase with friends, you can't predict people. People can change or your friend can be careless with the seed phrase and it gets to the notice of a total strangers. If at all seed phrase needs to be shared it must be not more than one family member that's is trusted and not careless. Sharing bitcoin seed phrase is not just about someone who has trust but one who is very careful. Considering only trust and the person is careless their are high possibility that it can be exposed to strangers.

Issa56

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Quote from: capedbaldy on March 22, 2023, 06:50:20 PM

Totally agree, we can only rely on ourselves compared to other people, but all decisions depend on each one because the assessment of trust is very subjective based on each other's opinion, the important point is who can you trust your bitcoin private key and he never betray you, the answer is in your mind so only you can make that decision. But remember that whoever has the private key of the wallet owns it.

I don't really know why the OP is trying to hand over his private key to some one, I don't really think it make any senses trusting someone with your private key, if you can give your private key to anyone, then you are handling over all the money in the wallet to the person. Incase if there is any critical condition and the OP thinks someone needs to know his private key, then the OP should check the most trusted person around him, nobody will select for him on the forum because nobody knows who he really trust, sometimes you might trust your friend more than your family member.

Topic: Who is most reliable person? - page 2. (Read 679 times)