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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26366942 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Last of the V8s
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February 24, 2020, 12:36:11 PM
Last edit: February 24, 2020, 12:49:16 PM by Last of the V8s

Trace never really bothered my either way.... Roger and Richard however.... yeah well, you know
same here

Or are you one of those who never liked him?
Freemasonry
...url=https://news.bitcoin.com/new-liberty-dollar-founder-subpoenaed-in-the-billion-dollar-bitcoin-lawsuit/
https://archive.ph/Kdk4t archived
what does it all mean
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February 24, 2020, 01:00:56 PM

Trace never really bothered my either way.... Roger and Richard however.... yeah well, you know
same here

Or are you one of those who never liked him?
Freemasonry
...url=https://news.bitcoin.com/new-liberty-dollar-founder-subpoenaed-in-the-billion-dollar-bitcoin-lawsuit/
https://archive.ph/Kdk4t archived
what does it all mean

his user here on bitcointalk: https://bitcointalk.org/index.php?action=profile;u=122404
but this seems also related to him with an own shitcoin: https://bitcointalk.org/index.php?action=profile;u=26

lol so they are all one family.  Grin
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February 24, 2020, 01:27:43 PM
Last edit: February 24, 2020, 02:08:02 PM by xhomerx10

I'll bite.  What's the meaning of an M7 hand sign?

edit: here's the reference

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February 24, 2020, 01:35:48 PM
Last edit: February 24, 2020, 01:57:21 PM by OutOfMemory

Two more days and i am able to post images again (as a Jr. Member)  Grin
First image will be a surprise to some of you, i'm currently working on it Cool

BTC ($9.789) is resuming its steady, slow rise after some hourly barting.
SARS-nCoV-2 lingering at the border or even already inside. Interesting times.
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February 24, 2020, 02:09:58 PM

Every day of Bull Season is interesting.  Cool

I dunno, we’re still flirting with the moon.

Wake me up when we’re balls deep in parabolic heaven Wink

the time will come will talk about it everywhere, even grandmothers on the benches ... so no alarm clock needed Smiley
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February 24, 2020, 02:26:30 PM

There really are some 'characters' in the crypto space :/
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February 24, 2020, 02:33:45 PM
Merited by JayJuanGee (1)

How to Protect Bitcoin for Your Heirs With the Push of a ‘Dead Man’s Button’

Quote
If the button isn't pressed one week, it is assumed the bitcoin user is dead or incapacitated and it's time for the bitcoin to be passed on, at which point the service automatically dispenses a "secret," which can be used to retrieve the crypto.

https://www.coindesk.com/how-to-protect-bitcoin-for-your-heirs-with-the-push-of-a-dead-mans-button

Here they are talking about LN, but it's okay to think about these things. (it doesn't have to be LN.)
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February 24, 2020, 02:43:44 PM
Merited by vapourminer (3), JayJuanGee (1)

How to Protect Bitcoin for Your Heirs With the Push of a ‘Dead Man’s Button’

Quote
If the button isn't pressed one week, it is assumed the bitcoin user is dead or incapacitated and it's time for the bitcoin to be passed on, at which point the service automatically dispenses a "secret," which can be used to retrieve the crypto.

https://www.coindesk.com/how-to-protect-bitcoin-for-your-heirs-with-the-push-of-a-dead-mans-button

Here they are talking about LN, but it's okay to think about these things. (it doesn't have to be LN.)

Don't cheap out with this. Go set up your will with a lawyer that specializes in this. Make sure all your accounts and the information needed to access them is setup ahead of time for your heirs. Choose your estate executor. Update as needed every few years. This is important stuff if you have a family or otherwise want to disburse your assets after you die. Nothing is as soul draining as when already suffering from loss to then have to spend your time you should be grieving instead messing with lawyers and gov't types and unscrupulous relatives because your loved one failed to plan ahead. Ask me how I know this.
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February 24, 2020, 02:46:36 PM

How to Protect Bitcoin for Your Heirs With the Push of a ‘Dead Man’s Button’

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If the button isn't pressed one week, it is assumed the bitcoin user is dead or incapacitated and it's time for the bitcoin to be passed on, at which point the service automatically dispenses a "secret," which can be used to retrieve the crypto.

https://www.coindesk.com/how-to-protect-bitcoin-for-your-heirs-with-the-push-of-a-dead-mans-button

Here they are talking about LN, but it's okay to think about these things. (it doesn't have to be LN.)

Don't cheap out with this. Go set up your will with a lawyer that specializes in this. Make sure all your accounts and the information needed to access them is setup ahead of time for your heirs. Choose your estate executor. Update as needed every few years. This is important stuff if you have a family or otherwise want to disburse your assets after you die. Nothing is as soul draining as when already suffering from loss to then have to spend your time you should be grieving instead messing with lawyers and gov't types and unscrupulous relatives because your loved one failed to plan ahead. Ask me how I know this.
It should not even be an issue. It's your damn money.
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February 24, 2020, 02:49:28 PM
Merited by vapourminer (1), JayJuanGee (1)

What good is your money when you're dead?  Seems like you should want it to benefit your heirs.
I'm over 60 and my bitcoins are sitting in a wallet that nobody but me can access.
I have to start thinking about this stuff.
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February 24, 2020, 02:52:11 PM
Merited by VB1001 (1)

How to Protect Bitcoin for Your Heirs With the Push of a ‘Dead Man’s Button’

Quote
If the button isn't pressed one week, it is assumed the bitcoin user is dead or incapacitated and it's time for the bitcoin to be passed on, at which point the service automatically dispenses a "secret," which can be used to retrieve the crypto.

https://www.coindesk.com/how-to-protect-bitcoin-for-your-heirs-with-the-push-of-a-dead-mans-button

Here they are talking about LN, but it's okay to think about these things. (it doesn't have to be LN.)

Don't cheap out with this. Go set up your will with a lawyer that specializes in this. Make sure all your accounts and the information needed to access them is setup ahead of time for your heirs. Choose your estate executor. Update as needed every few years. This is important stuff if you have a family or otherwise want to disburse your assets after you die. Nothing is as soul draining as when already suffering from loss to then have to spend your time you should be grieving instead messing with lawyers and gov't types and unscrupulous relatives because your loved one failed to plan ahead. Ask me how I know this.

Here's btctalk thread about a dead man's button system, still in alpha though.
This is one of the few topics I'm always interested in.

https://bitcointalk.org/index.php?topic=5185907.0
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February 24, 2020, 02:53:36 PM
Merited by vapourminer (1), JayJuanGee (1)

How to Protect Bitcoin for Your Heirs With the Push of a ‘Dead Man’s Button’

Quote
If the button isn't pressed one week, it is assumed the bitcoin user is dead or incapacitated and it's time for the bitcoin to be passed on, at which point the service automatically dispenses a "secret," which can be used to retrieve the crypto.

https://www.coindesk.com/how-to-protect-bitcoin-for-your-heirs-with-the-push-of-a-dead-mans-button

Here they are talking about LN, but it's okay to think about these things. (it doesn't have to be LN.)

Before my flight from Thailand I had most of my bitcoins on cryptosteel wallets evenly distributed which I carried around all over the world (letters and numbers scrambled in a way that only I knew).

I also created a printed copy, 2 halves of each private key.

I gave them to two of my non-crypto family members that I knew could keep them safe. I told them if I die to combine the papers. They didn't really know what that meant but were fine with locking them away safely for me.

After I made it safely to Panama after Thailand took my house (along with my cryptosteel), I got on a video chat with each of my two family members and had them read off the numbers so I could combine them and secure my bitcoins.

That was my dead man's switch.

Sure, in theory, my family members could have combined the papers and took all of my money...but I trust them with my life so I was not worried about that.
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February 24, 2020, 03:17:01 PM

The two halves in any of its methods are a good option, hardware, paswoords or whatever comes to mind.
Then you have to choose well who is given each half and of course have a copy of everything.
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February 24, 2020, 03:18:22 PM
Merited by vapourminer (1), JayJuanGee (1)

[...]

Sure, in theory, my family members could have combined the papers and took all of my money...but I trust them with my life so I was not worried about that.

The problem is not that your family members will steal your money intentionally. The problem is that they may innocently tell someone about it, or just not take proper care of it and let it leak to the wrong hands. This is exacerbated by the fact that they don't understand it, and may even think it's not so important, thus not treating it seriously. That's why you should never share a passphrase, even with your parents or spouse.

Personally, when they complain that "I don't trust them" or "I don't love them enough", or whatever, I say "it's because I love you dearly that I don't share it with you". It's a bit difficult for them to understand, but eventually they get it (girlfriends are the most difficult).

When it comes to security, my motto is "if you disclose it to anyone, consider it compromised".
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February 24, 2020, 03:18:48 PM

Elwar: Cool. I thought you might be sunk since your Trezor was acting up (turned out to be a non-data USB cable). Glad you had backups.
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February 24, 2020, 03:20:47 PM
Merited by JayJuanGee (1)

Personally, when they complain that "I don't trust them" or "I don't love them enough", or whatever, I say "it's because I love you dearly that I don't share it with you". It's a bit difficult for them to understand, but eventually they get it (girlfriends are the most difficult).

Oh yeah: Explain to them that they could be tortured if they knew your key.

Of course they may be tortured anyway, and if the torturer doesn't believe them then it's going to be a very long night. Maybe give them access to a small portion of the stash, but large enough to remove the torture.
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February 24, 2020, 03:26:49 PM

Personally, when they complain that "I don't trust them" or "I don't love them enough", or whatever, I say "it's because I love you dearly that I don't share it with you". It's a bit difficult for them to understand, but eventually they get it (girlfriends are the most difficult).

Oh yeah: Explain to them that they could be tortured if they knew your key.

Of course they may be tortured anyway, and if the torturer doesn't believe them then it's going to be a very long night. Maybe give them access to a small portion of the stash, but large enough to remove the torture.

Plausible deniability is what you're describing. That's an extremely effective method of protecting your coins/data and still minimizing the chances of being tortured to death. Of course, poor OpSec is your worst enemy in such matters.
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February 24, 2020, 03:36:00 PM
Merited by El duderino_ (5)

Yearly Candles...

https://twitter.com/ChartsBtc/status/1231961500392120320
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February 24, 2020, 03:45:43 PM

When it comes to security, my motto is "if you disclose it to anyone, consider it compromised".

Me and my ledger's security.  Grin

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February 24, 2020, 03:53:29 PM
Merited by nutildah (1)

[...]

Sure, in theory, my family members could have combined the papers and took all of my money...but I trust them with my life so I was not worried about that.

The problem is not that your family members will steal your money intentionally. The problem is that they may innocently tell someone about it, or just not take proper care of it and let it leak to the wrong hands. This is exacerbated by the fact that they don't understand it, and may even think it's not so important, thus not treating it seriously. That's why you should never share a passphrase, even with your parents or spouse.

Personally, when they complain that "I don't trust them" or "I don't love them enough", or whatever, I say "it's because I love you dearly that I don't share it with you". It's a bit difficult for them to understand, but eventually they get it (girlfriends are the most difficult).

When it comes to security, my motto is "if you disclose it to anyone, consider it compromised".

They knew it was a lot of bitcoins they had control of. They joked at times that they were together (rare) that maybe they should put the keys together and be rich. If at any time I felt worried I could move my coins. They put them in safety deposit boxes.

Elwar: Cool. I thought you might be sunk since your Trezor was acting up (turned out to be a non-data USB cable). Glad you had backups.

Ya, that was another portion of my coins. I had my backup passphrase on the seastead. I had the trezor with me.

Fleeing the navy on a sailboat under threat of death while also believing I may have just lost a few hundred k worth of bitcoins was beyond stressful.

Protecting your keys is no joke. Most people don't figure "what happens if the government comes and steals my house".
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