Bitcoin Forum

Bitcoin => Project Development => Topic started by: notig on February 10, 2013, 07:02:21 AM



Title: Last will and testament
Post by: notig on February 10, 2013, 07:02:21 AM

I was thinking of a will. When someone dies.. they usually leave assets behind in their will. But imagine if your wealth was stored as bitcoins? You could provide some kind of service where you act as the executor of a will. When you die you can have different amounts of bitcoins sent to different individuals/addresses .  To really do this though I suppose you would need to keep those individuals private keys stored in some offline database so you could access them.  This is just one small example of the possibilities. There are plenty of possibilities..........


Title: Re: Last will and testament
Post by: Stephen Gornick on February 10, 2013, 01:05:54 PM
There are plenty of possibilities..........

From another thread:
Getting closer here I think.

Real close.

So the encrypted paper wallet(s) go to family members.  DeadMansSwitch gets the decryption key, as does the trustee.  From another thread:

I changed the colour to blue for encrypted paper wallets to provide distinction between encrypted/unencrypted paper wallets - a version in the original yellow is included in case you really like yellow, just delete 'note_encrypted.png' and rename 'note_yellow.png' in its place.

https://i.imgur.com/z13NNe3.png

This solution (encrypted paper wallets) robably isn't ready for prime time, but give it a few weeks and that will probably become a very good method for offline / long term savings that is secure.