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Topic: Who is most reliable person? - page 5. (Read 621 times)

legendary
Activity: 2366
Merit: 1206
March 19, 2023, 07:07:33 PM
#6
It's a matter of trust and if you choose someone who is reliable and trustworthy, the one who understands the importance of keeping this information secure, then, there's no problem with me entrusting my valuable asset with this person.  There's always a risk for this and accept those possible circumstances if you made this decision, your bitcoins could be at risk of theft or loss.

So who is the most reliable person IMO?
Your partner in life, husband or wife.  When you pass away, that could be for your children's future funds.
legendary
Activity: 2030
Merit: 2174
Professional Community manager
March 19, 2023, 06:34:11 PM
#5
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?
Giving someone your private keys or seed phrase cause they introduced you to Bitcoin or taught you about it is a terrible move and 9 times out of 10, they would rip you off.

Trusting a friend or family depends on your relationship with them. If they've proven to be trustworthy you can give them a copy of your backup for safekeeping and as a contingency, should anything happen to you.
hero member
Activity: 532
Merit: 508
Leading Crypto Sports Betting & Casino Platform
March 19, 2023, 05:55:43 PM
#4
Trust can be betrayed most times, so sharing a private key out of love is risky, but by the way, before taking such a decision, you should probably know the person you are dealing with well before disclosing your key to them. If it's your spouse, then you and her may have known yourselves so well for years of marriage because if it's a new marriage, you never know if there will be a breakup. If you want to disclose your seed to your kids, then it can't be only one child you disclose it to. Unless it's only one child you have. So long as you are alive and healthy, you should keep your key to yourself. You could also write things down in a book to keep a record so your children or wife can access your crypto assets if anything happens to you.
hero member
Activity: 434
Merit: 500
March 19, 2023, 04:54:15 PM
#3
Giving out your private key or seed phrase means you want the person to have access to your assets. Once they have it they can carryout transactions without your consent so its best to keep it to yourself. Don't make the mistake and give your keys to anyone especially the person who taught you about bitcoin.
Trust No One because money can be tempting so expect the worse whenever you share your keys with anyone.
legendary
Activity: 1484
Merit: 1355
March 19, 2023, 04:53:14 PM
#2
You are barely making sense, but I can guess what you are trying to ask.  Smiley

To answer your question, I think sharing your private key with someone is a big deal as they will have full access to your bitcoins. If you want to do so, make sure it is someone you really trust and who understands all the risks. It might be tempting to share it with a family member, but they might not know how to keep it safe. As for someone who introduced you to bitcoin, I see no reason why you would do that. If you want to show gratitude, there are alternative and safer ways to do so. So, think carefully before sharing your bitcoin key and make sure you are comfortable with the person you are sharing it with.
jr. member
Activity: 55
Merit: 1
March 19, 2023, 04:28:03 PM
#1
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?
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