Trust: who can be trusted to keep your seeds?

[Smartprofit]

The question of Bitcoin inheritance is a very complex issue.

There is no clear answer to this question. The problem is that information about the seed gives any person full control over your bitcoins. At the same time, it is assumed that the heir should receive full control over the coins only after your death. Accordingly, a dilemma arises.

One solution to this problem is to appoint an executor, a particularly trusted person who can tell the heir the way to the seed. At the same time, a guarantee is needed that the executor will neither be able to independently obtain information about the seed, nor will have the motivation to independently search for full information about the seed.

Thus, this is a complex and non-trivial task.

[arabspaceship123]

Some people can entrust such in the hand of their kids than even the mother, if that's what works for you, it's better they do it than let the Bitcoin never get any access while your family suffer later.

It isn't ideal if there isn't another way you'll have to share the seeds with someone while you're alive. If you've got a fortune you're taking a big risk because ppl can live with losing money. I don't know how ppl will respond to being by betrayed by loved ones.

Instead of trusting someone outside your family that is your first family before your extended family. It can be your wife your grown up kids. Now, these are the kind of situations why it is good to get married to someone who is morally sound to take security and ownership of all your belongings. If your partner  dont understand what value means then forget there is nothing you will tell them when handling the keys to them they wont destroy what you worked for all through your life.

If you won't leave seeds in a will you'll have to trust your loved ones with access to your funds. It works for some ppl.

[betswift]

The question of Bitcoin inheritance is a very complex issue.

There is no clear answer to this question. The problem is that information about the seed gives any person full control over your bitcoins. At the same time, it is assumed that the heir should receive full control over the coins only after your death. Accordingly, a dilemma arises.

One solution to this problem is to appoint an executor, a particularly trusted person who can tell the heir the way to the seed. At the same time, a guarantee is needed that the executor will neither be able to independently obtain information about the seed, nor will have the motivation to independently search for full information about the seed.

Thus, this is a complex and non-trivial task.

Especially considering how even people close to you may become a bit greedy once the matter goes into motion.

Maybe your path is right, but - only if there are no alternatives or no trust between two parties in question.

[leonair]

when I see people speak of distrust I wonder how you all choose your partners or spouse if you will keep having doubts that they will steal from you.

Well it's very difficult to choose who to entrust with a good number of your networth but perhaps the very importance is to make at least a very background opening to some that you have sometimes of such nature (bitcoin) or better educate your children about bitcoin and how to handle seed phrases yet keep some informations to yourself.

They trust them too. They just can't trust the people around them who has ill will to take advantage of them when the husband isn't around. This is why most husband I think will be interested to teach their techie sons or daughters to keep the 12/24 seed phrase in case something happen to the father.

Some how there are people who can't trust their wives. Not because she is untrustworthy but because she is careless and or most probably not aware that losing the seed means losing the coins.

If the reason is because she is careless, absent-minded or not good at keeping secrets, we have many other options because besides the wife, everyone has other close people like children or parents. But the problem here is that many men doubt and distrust their wives, they fear being betrayed and that is really ridiculous and confusing. How can they love and marry someone they don't trust?

I don't know if you are married. But if it were you, would you marry someone who you think will betray you one day, or would they marry you just for money?

I'm not due for marriage and I also get irritated with people thinking otherwise of their partners so I wonder if they married out of force or partnership are imposed on them however unforeseen circumstances can even happen to the person you want to trust your stuffs with hence plan for anything to happen and hope nothing happens we don't know our next minute so it is with the people we care about too.

All assets are inherited by one's future generations after death, but Bitcoin is an asset and Bitcoin wallets are designed in such a way that whoever has the private key owns the Bitcoin. So no one will automatically inherit bitcoins here. Even if someone gives their private key to someone before death, the problem is that whoever is given the private key can access those bitcoins at any time. And no one wants someone else to control their wealth while they are alive. So managing Bitcoin for future generations is very critical. I think everyone should keep their bitcoin private key in a private place only so that after they die, those bitcoins will be treasured by their future generations.

[fuguebtc]

If the reason is because she is careless, absent-minded or not good at keeping secrets, we have many other options because besides the wife, everyone has other close people like children or parents. But the problem here is that many men doubt and distrust their wives, they fear being betrayed and that is really ridiculous and confusing. How can they love and marry someone they don't trust?

I don't know if you are married. But if it were you, would you marry someone who you think will betray you one day, or would they marry you just for money?

I'm not due for marriage and I also get irritated with people thinking otherwise of their partners so I wonder if they married out of force or partnership are imposed on them however unforeseen circumstances can even happen to the person you want to trust your stuffs with hence plan for anything to happen and hope nothing happens we don't know our next minute so it is with the people we care about too.

We live in the 21st century, a world where people have the freedom to choose and decide,  no longer having to follow the arrangements of their parents .  I don't think these people are living in arranged marriages but they value money more than anything in their lives . These people may even consider money more important than the lives of their loved ones, rather than simply being suspicious of their loved ones .

I agree that the future is unpredictable and anything can happen , but we also need to know that no method of storing seed phrases is completely secure, every method has risks. As a father and I am trying everything for my little family , im not living selfishly for myself . So I will choose the solution that will guarantee my family and there is no better solution than my wife because she loves my children more than me .

[m2017]

How to keep them safe,

This is a complex question that requires an answer specific to each case.

but also how to pass them on to heirs or friends (so that they know what to do with them?).

It's obvious: instruct on the actions that need to be taken in the event of your departure. For example, in the form of a classic envelope with a will instructions.

Informing others while preserving your own security can be a real challenge in some countries.
And then there's betrayal, divorce etc...

Therefore, in parallel with financial capital, it is necessary to accumulate social capital. That is, surround yourself with people you can trust. But the main rule: don't trust anyone. Therefore, scatter parts of seed phrase all over the world, so that in case of divorce your ex can't get sole access to your wallet.

What are the solutions?

The decisions of some may be directly harmful to others. Should not blindly follow other people's cases.

[Zanab247]

I only trust one person in this world. I will always be wary of the rest of the people I know, and sometimes even both. I don't like to say how much I have, especially sharing something so valuable, let's put it that way. I like secrets, especially when it's something so important to me.

The only person you should trust in this world should be yourself, and it will be hard for you to expose your secret to family members because you know the danger involve when family members discovered your seeds phrase. if it come to seeds phrase secret, make sure you write them down before keeping them away from your husband or children, because there will be emergency of accident or death that will make your children or husband to locate those seeds phrase in your house to have access to your coins to pay for your hospital bill.

Not only you that like secret, as long you are a Bitcoiners, you need to keep secret to yourself to stay long in BTC investment, and there are some people you will discuss your secret with, they will take advantage of the secret to scam you.

[qwertyup23]

The problem of seeds is obviously crucial. Can we imagine being the one and only person who knows what to do with these 12/24 words? How to keep them safe, but also how to pass them on to heirs or friends (so that they know what to do with them?). Informing others while preserving your own security can be a real challenge in some countries.
And then there's betrayal, divorce etc...

What are the solutions?

Seed phrases are very crucial in storing/keeping your BTCs as this will give access to anyone who has it.

Assuming that you want to keep your seeds stored or your hardware wallet (non-custodial), the safest way would be to deposit it in a bank for safekeeping. In this way, you can notify your most trusted family member to have it secured and give them access for the banks acknowledge.

Personally, you should definitely avoid telling your seed phrases to your friends, unless you really trust them for safekeeping. Family will always be an option but you must qualify it to the person you trust the most.

[ChiBitCTy]

Those of you who clicked "nobody" I feel sorry for you.  At the end of the day, we are all going to die.  This is not a matter of opinion, but unfortunately a matter of fact.  We don't know when the day with our maker will come, but it's coming.  If you do not have an established "will" or trust in place, you better get it done ASAP.  We DO NOT want out coins going to the abyss, and letting them just die with us.  We should be passing our wealth, no matter what kind, on to our loved ones.

Establish a will or trust, it's a simple as that!

[Rockstarguy]

I've just voted in the poll with trusting nobody. This shows ppl aren't going to trust others to keep our money or property safe by giving them to others to protect to give on to our families after our death. Don't trust anybody. Don't trust banks & lawyers to keep your seeds. We should tell our families about passwords & seeds while we're still alive.

think it is individual responsibility to keep seedphrase  so far as one is alive because the person you want or think can also have your seed phrase can be a careless person that will be so loose which other people will also find it easy too to get your seedphrase too. It is advisable for everyone to take care of his or her seed phrase because it is only you that can keep it safe . I think one seedphrase one person, this not something you can share with someone else, so I don't think their is need for someone else to get to know about o es seedphrase so far as one is alive.

[LDL]

The problem of seeds is obviously crucial. Can we imagine being the one and only person who knows what to do with these 12/24 words? How to keep them safe, but also how to pass them on to heirs or friends (so that they know what to do with them?). Informing others while preserving your own security can be a real challenge in some countries.
And then there's betrayal, divorce etc...

What are the solutions?

Loyalty is an important thing, sometimes even people who are blood relatives betray you, so how reasonable would it be to trust your wife? My family consists of four members, son, a daughter, myself and my wife. At this moment, I have no choice but to trust my wife. My wallet has 24/12 words Seeds, and there is no other member to explain it except my wife. So I was forced to give my wallet Seed to my wife. I can't do anything if my wife cheats on me because right now I don't have anyone else to give Seeds to except my wife.

[ZAINmalik75]

Loyalty is an important thing, sometimes even people who are blood relatives betray you, so how reasonable would it be to trust your wife? My family consists of four members, son, a daughter, myself and my wife. At this moment, I have no choice but to trust my wife. My wallet has 24/12 words Seeds, and there is no other member to explain it except my wife. So I was forced to give my wallet Seed to my wife. I can't do anything if my wife cheats on me because right now I don't have anyone else to give Seeds to except my wife.

I think if you are living with a person and have spent years with them, you should understand how they are and even if you don't discuss it with anyone, keep inside, you should understand your partner very well and how their nature is, and that should allow you to judge them correctly whether they can do such a thing or not. After you do that evaluation, then you should decide whether you should entrust your seed phrase to her/him, or find another way to keep it safe so that it can reach your children when they grow up.

So many partners are worth being trusted because they do so much for you and they do it genuinely, but there can be some who might have two faces, one to show and one to hide, and such people can't be trusted. A person might be too good of an actor to never let anyone suspect them but I think if you are living together for so many years, you should be able to understand.

[Rustam Meraj]

Loyalty is an important thing, sometimes even people who are blood relatives betray you, so how reasonable would it be to trust your wife? My family consists of four members, son, a daughter, myself and my wife. At this moment, I have no choice but to trust my wife. My wallet has 24/12 words Seeds, and there is no other member to explain it except my wife. So I was forced to give my wallet Seed to my wife. I can't do anything if my wife cheats on me because right now I don't have anyone else to give Seeds to except my wife.

You are right to worry about trusting someone even his wife with important information like your wallet seed. Usually anyone feel like he has no choice but to trust her with this information because there is no one else. It makes sense that anyone have to rely on his wife right now but it is also important to think about possible problems that could happen. Anyone might also want to think about other ways to keep his wallet seed safe like using special kind of storage or finding trusted company to help manage it. This could help reduce some of stress and risk that comes with relying only on wife to keep this information safe.

[Reatim]

Loyalty is an important thing, sometimes even people who are blood relatives betray you, so how reasonable would it be to trust your wife? My family consists of four members, son, a daughter, myself and my wife. At this moment, I have no choice but to trust my wife. My wallet has 24/12 words Seeds, and there is no other member to explain it except my wife. So I was forced to give my wallet Seed to my wife. I can't do anything if my wife cheats on me because right now I don't have anyone else to give Seeds to except my wife.

I think if you are living with a person and have spent years with them, you should understand how they are and even if you don't discuss it with anyone, keep inside, you should understand your partner very well and how their nature is, and that should allow you to judge them correctly whether they can do such a thing or not. After you do that evaluation, then you should decide whether you should entrust your seed phrase to her/him, or find another way to keep it safe so that it can reach your children when they grow up.

you still never know how can a person act in a specific situation until they are already in that situation yes we have people we trust because they have been good to us but they can always switch up on us of course it doesn’t mean they were faking the whole time but that’s the thing with humans we are unpredictable sometimes unexplainable and we might suddenly think of something we never thought of doing before

[Inwestour]

The problem of seeds is obviously crucial. Can we imagine being the one and only person who knows what to do with these 12/24 words? How to keep them safe, but also how to pass them on to heirs or friends (so that they know what to do with them?). Informing others while preserving your own security can be a real challenge in some countries.
And then there's betrayal, divorce etc...

What are the solutions?

An important question, everyone who has bitcoin should face it one day, and the difficulty is how much we can trust at least one, the closest person. On the one hand, if you do not trust, then you should not live together, on the other hand, betrayals happen quite often and the reason is most often money, so these fears are not unfounded. I think that everything is very individual here, I trust my wife, so she knows everything about my investments, because if something happens to me, I will be sorry that all this will go away with me, let it remain with my family.

[TheUltraElite]

While alive the trust can be only on one's self. There is no question of any other soul to be trusted with seeds during this period.

But when it comes to inheritance I think the next of kin should be taught how to operate bitcoin wallets and then gradually handed over the money.

This choice can vary between people and this was discussed previously but if someone does not find their kin loyal to keep the bitcoin, that is a miserable life to lead.

[bakasabo]

From my point of view, nobody can be fully trusted, but by trusting someone a person always measure risk and must make concessions with himself.

I find it surprising that nobody has selected a friend/friends, because sometimes these people are most honest, unbiased, incorruptible. I would put administration on a last place, because it is the most uninterested option in keeping what you value. A family is also a tricky selection. How many times we have heard how most close betray for their own benefit. And you know, trusting ourselves can play a bad joke to us. Nobody cancels emotions. 

The one who should really be trusted a seed - a dog. Dogs never betray their owners.

[RagnarTheThunderer]

I only trust one person in this world. I will always be wary of the rest of the people I know, and sometimes even both. I don't like to say how much I have, especially sharing something so valuable, let's put it that way. I like secrets, especially when it's something so important to me.

The only person you should trust in this world should be yourself, and it will be hard for you to expose your secret to family members because you know the danger involve when family members discovered your seeds phrase. if it come to seeds phrase secret, make sure you write them down before keeping them away from your husband or children, because there will be emergency of accident or death that will make your children or husband to locate those seeds phrase in your house to have access to your coins to pay for your hospital bill.

Not only you that like secret, as long you are a Bitcoiners, you need to keep secret to yourself to stay long in BTC investment, and there are some people you will discuss your secret with, they will take advantage of the secret to scam you.

Keeping your bitcoin seed phrase safe is a big deal for sure. But if you hide it too well and something happens to you, your family might be out of luck. I'm not saying tell everyone, just don't de dumb about it, but maybe put it in a safe spot like a bank box, add it to your will, or give it to someone you trust with a simple "here's the plan". If things go wrong, you'd want your loved ones to get that cash for important stuff right? it's about keeping it secret but not so secret they can't find it if you're gone.

[betswift]

While alive the trust can be only on one's self. There is no question of any other soul to be trusted with seeds during this period.

But when it comes to inheritance I think the next of kin should be taught how to operate bitcoin wallets and then gradually handed over the money.

This choice can vary between people and this was discussed previously but if someone does not find their kin loyal to keep the bitcoin, that is a miserable life to lead.

Yeah, it's more of a different question in that regard - if you trust your kin and to teach him about the whole thing at all.

But if he is worthy - nothing wrong with that.

[Helena Yu]

I find it surprising that nobody has selected a friend/friends, because sometimes these people are most honest, unbiased, incorruptible. I would put administration on a last place, because it is the most uninterested option in keeping what you value. A family is also a tricky selection. How many times we have heard how most close betray for their own benefit. And you know, trusting ourselves can play a bad joke to us. Nobody cancels emotions. 

The one who should really be trusted a seed - a dog. Dogs never betray their owners.

Nah, I find it surprising how you can trust friends. You see your friends are honest, unbiased and incorruptible because you're not yet close with them. Just because you've with your friends for 10 years, you're already know them, nope.

If all the activities are about playing together, going out, study together etc, these aren't enough to reveal your friends characters.

You have to live with them for 3 months at least, hiking and creating a business together.

Live together in order to know their daily character, hiking/extreme sport in order to know what their decision in hard times, run a business because it's about money.