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Do posters on here make provisions for sharing their keys?

  • 04-07-2021 12:52pm
    #1
    Registered Users Posts: 15,348 ✭✭✭✭ Donald Trump
    Registered User


    I was just wondering how many of ye make provision for the possibility of getting hit by a bus?


    Do you have your keys and passwords etched onto a piece of metal stored in a safe, or written in a copybook, or shared with someone you trust?





    Is it something that most would take into consideration, or that you'd ignore


Comments

  • Registered Users Posts: 14,621 ✭✭✭✭ banie01
    Registered User


    Yep, recently installed a fireproof/waterproof and heavy safe in my house.

    Recovery phrases and other bits are stored there.
    Also have an estate management option set with 2 of the exchanges I use.

    In these days of 2FA so much is tied to either an authentication key or phone that continued privacy and password security post death is very, very important too IMO.

    All well and good ensuring enough is shared/stored to ensure your assets can be transferred.
    But what happens if they also find your stash of weird stuff and your browser history ;) :pac:


  • Registered Users Posts: 15,348 ✭✭✭✭ Donald Trump
    Registered User


    What about splitting the phrases and passwords to multiple locations just in case? Do people do that? For people who have a lot I mean. You wouldn't want to have a single location as a target I'd imagine if you happen to have a few million locked up and people know you have it.


  • Registered Users Posts: 2,875 ✭✭✭ KilOit
    Registered User


    Big concern for me over the years, we've talked about it but how do you explain the process to someone that has no knowledge of how to do anything with crypto.
    she laughs it off but it's a decent chunk of change, not even sure how the tax would work on it if I'm dead. Stresses me out and makes me want to cash it in to put me at ease, of course I'd make decisions if i got a bad diagnosis but as the op said hit by a bus, i don't know what to do.


  • Registered Users Posts: 443 ✭✭ Xaniaj
    Registered User


    banie01 wrote: »
    Yep, recently installed a fireproof/waterproof and heavy safe in my house.

    Recovery phrases and other bits are stored there.
    Also have an estate management option set with 2 of the exchanges I use.

    In these days of 2FA so much is tied to either an authentication key or phone that continued privacy and password security post death is very, very important too IMO.

    All well and good ensuring enough is shared/stored to ensure your assets can be transferred.
    But what happens if they also find your stash of weird stuff and your browser history ;) :pac:

    What safe did you get out of interest?


  • Registered Users Posts: 15,348 ✭✭✭✭ Donald Trump
    Registered User


    KilOit wrote: »
    Big concern for me over the years, we've talked about it but how do you explain the process to someone that has no knowledge of how to do anything with crypto.
    she laughs it off but it's a decent chunk of change, not even sure how the tax would work on it if I'm dead. Stresses me out and makes me want to cash it in to put me at ease, of course I'd make decisions if i got a bad diagnosis but as the op said hit by a bus, i don't know what to do.




    Well what you have there is analgous to you telling your missus that you've buried a sizeable chunk in a field down the country somewhere and that you're going to go back down and dig it up in a few years.


    If that bus hits you in the meantime, no nest-egg for the missus or the children!


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  • Registered Users Posts: 6,286 ✭✭✭ Luckycharms_74
    Registered User


    banie01 wrote: »
    Yep, recently installed a fireproof/waterproof and heavy safe in my house.

    Recovery phrases and other bits are stored there.
    Also have an estate management option set with 2 of the exchanges I use.

    In these days of 2FA so much is tied to either an authentication key or phone that continued privacy and password security post death is very, very important too IMO.

    All well and good ensuring enough is shared/stored to ensure your assets can be transferred.
    But what happens if they also find your stash of weird stuff and your browser history ;) :pac:


    Something that has been on my mind lately as well. If my current cryptos appreciate over the years and god forbid anything happens to me before I cash out to FIAT.

    I have on an exchange at the moment but contemplating moving to a ledger and store in a safe at home or safety deposit box with login/password details & instructions as a fail-safe.


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