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Author Topic: Dead Man's Switch?  (Read 3622 times)
bitbonga
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September 19, 2012, 08:28:29 PM
 #21

I was wondering if any of the ewallet providers have some form of dead man's switch. Let's say Bob has 200 BTC in an ewallet, and another 5000 offline somewhere. Could Bob set up a system so that, if he dropped dead, his wife or kids would get an email with detailed and fool-proof instructions as to how to retrieve both amounts?
The better question is, why do you not trust your wife enough to tell her NOW: honey, on this here piece of paper there is stored 5,000 bitcoins.

Because Bob just wants his bitcoins to be divided among selected people after he dies, not share them with the person who happens to be his wife right now:)
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Elwar
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September 20, 2012, 12:33:37 AM
 #22

I named my child 1Lisa2xasj8sl28AlksSj6Sfw6sLKjs2LLsdfj2

Then tattooed the private key to the bottom of her foot as a baby.

When she is old enough to understand, she will get the coins.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
franky1
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September 20, 2012, 01:44:09 AM
 #23

dead man switch WTF...

easier to just keep private keys in a safety deposit box, or even just write the private key in your will and name whoever u want to receive it.

dead man switch ..pfffft lol lol

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September 20, 2012, 02:06:52 AM
 #24

http://grammarist.com/usage/safe-deposit-box-safety-deposit-box/

um, now that that's out of the way, i thought in this case the term "dead man's switch" would have applied to the owner of the wallet service dying.

i think the best idea would be to give half a password to your lawyer (without telling him what it is), and half to your beneficiaries.
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