What if both you and your wife are killed in a car accident? Your kids or other family will never get your coins? Plan for every scenario.
I wrote about that. Scroll up.
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The only way empty box is going to see movement is if Tux gets more fiber.
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Holliday -
I have been thinking about this pertaining to other issues with wills, etc. Can you explain the process of leaving pieces a little more? You'd give pieces to Lawyer, Friends, etc .... but who is the true intended recipient in that scenario? Lets say I wanted to make sure my wife got everything, but I wasn't 100% sure those I entrusted, would give her everything. Why am I giving everyone a piece, and what piece does the wife get? Some special piece? Sorry, this is probably obvious but I just wanted to be sure.
-B-
If you trust your wife, just give her full access to your cold storage method. If you don't trust your wife, but want her to have your bitcoins when you die, create an M of N wallet. Put a piece in your will, put a piece in your safe deposit box (she should be able to access it when you die), and give her the final piece(s) necessary to construct the wallet. She won't be able to touch your bitcoins. Anyone with access to your will won't be able to touch your bitcoins. The establishment which controls the safe deposit box won't be able to touch your bitcoins. Yet, when you die, she will be able to obtain all the pieces necessary to construct the complete wallet. If there is a piece of the puzzle which you do not trust (say you don't think the bank will allow access to the safe deposit box), adjust your scheme accordingly. Add redundancy. Make it so she only needs 1 piece from either the will or the safe deposit box. I like this except you won't be able to draw off that m-of-n. Of course you will, if the M of N is an Armory backup. The other thing is that she will not necessarily get a copy of the will unless she has a key and is a signer and gets it without telling about your death. If you just leave obvious keys in a will, she may be blackmailed by officers of the court or bank. Trust no one. edit: in the event of death, the bank will not release anything except a will and titles except through probate. You can't store pieces of paper with keys in an envelope.
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Holliday -
I have been thinking about this pertaining to other issues with wills, etc. Can you explain the process of leaving pieces a little more? You'd give pieces to Lawyer, Friends, etc .... but who is the true intended recipient in that scenario? Lets say I wanted to make sure my wife got everything, but I wasn't 100% sure those I entrusted, would give her everything. Why am I giving everyone a piece, and what piece does the wife get? Some special piece? Sorry, this is probably obvious but I just wanted to be sure.
-B-
If you trust your wife, just give her full access to your cold storage method. If you don't trust your wife, but want her to have your bitcoins when you die, create an M of N wallet. Put a piece in your will, put a piece in your safe deposit box (she should be able to access it when you die), and give her the final piece(s) necessary to construct the wallet. She won't be able to touch your bitcoins. Anyone with access to your will won't be able to touch your bitcoins. The establishment which controls the safe deposit box won't be able to touch your bitcoins. Yet, when you die, she will be able to obtain all the pieces necessary to construct the complete wallet. If there is a piece of the puzzle which you do not trust (say you don't think the bank will allow access to the safe deposit box), adjust your scheme accordingly. Add redundancy. Make it so she only needs 1 piece from either the will or the safe deposit box. I like this except you won't be able to draw off that m-of-n. I might instead put passphrases to BIP38 keys in the will in a safe deposit box. The passphrases could be disguised as last wishes so a judge won't blackmail her. Tell her ahead of time about them. I would give her half the pw to an encrypted email copy of the BIP38 keys and the other half in a safe along with copies of the wallets and the other half of the pw as the last sentence of the will final wishes. She will have to understand that not giving her access to it is for her protection. In the event that she dies with you, I would also create Shamir's Secret Sharing of keys that unlock a file stored in the safe with the instructions of what you and her know. Give those keys as a m of m-1 or so to people you also name in your will for one dollar and the file stored on a disk or thumb drive stored in the safe. She would otherwise have accessed the safe before the will is read through a locksmith service and will see instructions on the file storage for her to destroy it immediately. I haven't thought this part through yet. I don't know any other way to do this without trusting a third party.
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"Looks like I picked the wrong week to quit sniffing glue." - Steve McCroskey
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I predict Bitcoin will go to one dollar and one dollar to go to $50,000.
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Doge is the rickroll of crypto.
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Condolences to the family and friends. There are few people lucky enough to contribute and leave permanent footsteps in a cause of such sweeping importance. This is yet another reminder of how small the world is becoming and how important we are to each other.
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I never know whether to use hot or cold water, but what I learnt the hard way is not to use too much bleach.
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It makes sense that Miami, the illegal drug capital of the world, would voraciously chase money laundering criminals. If the piggies set up a sting they were being watched for a long time. Who knows how much drug money localbitcoins has laundered in the last couple of years. The downside isn't that the idiots were caught but that yet another negative media report exists showing John Q Public that Bitcoins are only for criminals. Lovely!
Some sting operation. They go after guys that advertise publicly for their service. Wow! If all criminals did that, the Florida cops could just meet all of them at the donut shop.
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A PAINFUL article and thread. Score for D&T with assist by Justus. Clearly a pump for Z-whatever coin. BS (the article author) may make no apologies, but the OP owes us one.
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Nothing attracts money like money. Bitcoin is starting to attract money men. First they tried manipulating the markets. That didn't have the volume for real profits. They tried hedge funds, not enough interest. Now they found their niche. Bitcoin2 altcoins are fresh, exciting, attract VCs, and are highly useful. But what are they really doing? Are they altruistically creating these currencies for the betterment of mankind? I don't think so.
First there is colored coins, now this is the Genesis of Bitcoin2 technology. It is open source and promises to take Bitcoi to the next level of versatility. There is a working alpha version that uses testnet coins that are free. So why aren't the VCs backing it? Enter Mastercoin. A premined manually generated Bitcoin2 coin with very limited usefulness. Then comes the marketers. VCs climb on board and hype it to the point of attracting some real development funds. However, it is not open sourced like colored coins. Well, part of it is on the client side, but not the part that really counts. Mastercoin is a centralized coin at its heart.
So the money guys found a way to get investors to develop a proprietary engine by selling their test coins for a lot of money. What will they do with Mastercoin when they are finished developing? Perhaps they will sell it to financial firms that will market their own Bitcoin2 coins. What will happen to Mastercoin holders when the market is flooded by VisaChargeCoin, MasterExpressCoin, etc.? By then Mastercoin will have dumped their premined reserve coins, or gave them away as premiums to their customers.
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Bitcoin. Bitcoin. Bitcoin. Bitcoin. Bitcoin. Bitcoin.
Bitcoin2 coins that copy the Mastercoin and colored coin techniques will be local currencies only.
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Doge is the Jerry Lewis of coins. Nobody takes it seriously. It is always considered a sidekick to Bitcoin. Nobody thinks it's funny anymore, except the French.
*Apologies to Mr. Lewis, I still think he's a little funny, but I'm half-French.
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Apple does it already to decrypt the keychain on iPhone 5s with your fingerprint. You just have to drop your keys in the keychain and the OS will take care of securing it for you.
I wonder how many have had a finger stolen along with their iphone?
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Will stabilize around 30-40 usd
I presume per millibit, of course.
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single black swan event could wipe BTC out Tell that to all gov, hacker, bank trying to wipe btc out since 2 years Interesting then that the most damage has been done by an insider, isn't it? Look, I'm not making predictions, just saying making predictions is in itself unwise. My old science teacher told me the only certainty he could tell us was the sun rose in the East, travelled across the South sky and set in the West. I moved to Australia and discovered even that was partly untrue. Don't close your mind to possibilities. It's actually 5 years. The Black Swan would need to solve a problem that Bitcoin doesn't. First you need to find that problem, then the Open Source community will work on it. So far all the best solutions include Bitcoin.
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There is now a forum section accessible only to donators/VIPs.
Link? Didn't you get an invitation?
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Why do I bother? Your FUD is unpaid propaganda. Thank you for your voluntary service. The volatility you folks produce gives me free bitcoins. Keep up the hard work. Honey badger.
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Price is making lower highs and lower lows. Just because one is constantly thinking bullish in Bitcoin doesn't mean the first higher low is even that; much less a reversal.
You're in a downtrend. There is nothing except your own bias telling you to buy now.
Maybe you didn't hear about Mt Gox? We're not in a trend reversal, we're in a full blown market crash. This was not a slow reversal. Crashes end and the market will correct.
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