Trust: who can be trusted to keep your seeds?

[Awaklara]

There are some friends that can be trusted more than a wife or otter closer relations. Some close family members can kill for the money while some friends are reliable. It is better to give to a bank for safekeeping than to lose it because you don't trust anyone.

Is it like renting a special safe for a place where we can store assets or anything in it? I don't know what the process is like yet, will the process be easy enough to do?
If the procedure is easy enough, then it would be a good solution to do rather than telling the seeds to other people, including family or friends. Because we don't know how the process of changing someone's nature is when we tell all the information related to Bitcoin that we have in our wallet. As you said, family and people closest to us can also do something bad to us when it comes to money.

[Fiatless]

There are some friends that can be trusted more than a wife or otter closer relations. Some close family members can kill for the money while some friends are reliable. It is better to give to a bank for safekeeping than to lose it because you don't trust anyone.

Is it like renting a special safe for a place where we can store assets or anything in it? I don't know what the process is like yet, will the process be easy enough to do?
If the procedure is easy enough, then it would be a good solution to do rather than telling the seeds to other people, including family or friends. Because we don't know how the process of changing someone's nature is when we tell all the information related to Bitcoin that we have in our wallet. As you said, family and people closest to us can also do something bad to us when it comes to money.

The problem is you would have to trust someone or you will donate your Bitcoin to the ecosystem. People can change but the truth is some people are very reliable.  I know a man who willed everything he had to his friend and told him to use his wealth and raise his children if he died because he started suffering a protractive illness.  This his friend ensured that these children had a good life and he never spent the money on himself.  Some wives are trustworthy, you just have to hand it over to someone.

[arabspaceship123]

You're saying it's about individual cases. We're living in different countries with our own sets of cultures & we've had very different life experiences. Not every wife or husband must be trusted. We haven't posted about stepmoms & stepdads or stepkids. When it's about your money you've got to think or else you'll b making a big mistake.

The problem is you would have to trust someone or you will donate your Bitcoin to the ecosystem. People can change but the truth is some people are very reliable.  I know a man who willed everything he had to his friend and told him to use his wealth and raise his children if he died because he started suffering a protractive illness.  This his friend ensured that these children had a good life and he never spent the money on himself.  Some wives are trustworthy, you just have to hand it over to someone.

[betswift]

You're saying it's about individual cases. We're living in different countries with our own sets of cultures & we've had very different life experiences. Not every wife or husband must be trusted. We haven't posted about stepmoms & stepdads or stepkids. When it's about your money you've got to think or else you'll b making a big mistake.

Overall, I agree.

Different cultures, different people.. It all plays out very, very differently depending on so many factors.

I do hope, though, that everybody will find the best option for themselves eventually.

[Becassine]

Different cultures, different people.. It all plays out very, very differently depending on so many factors.

I do hope, though, that everybody will find the best option for themselves eventually.

Yet there is one thing that is absolutely universal: greed. This universal thing that crushes friendships and families is also the inexhaustible source of scams of all kinds that only proliferate.

As money is also often a source of conflict after people have died, perhaps it's better to make as many wallets as there are heirs (children, for example) and entrust them with the seeds separately.

[arabspaceship123]

Different cultures, different people.. It all plays out very, very differently depending on so many factors.

I do hope, though, that everybody will find the best option for themselves eventually.

I'm the same.

Yet there is one thing that is absolutely universal: greed. This universal thing that crushes friendships and families is also the inexhaustible source of scams of all kinds that only proliferate.

As money is also often a source of conflict after people have died, perhaps it's better to make as many wallets as there are heirs (children, for example) and entrust them with the seeds separately.

It's my advice to ppl. Money's often a source of conflict so you'll have to work out who's the choice for leaving seeds. The world isn't full of ppl with identical beliefs but we're sharing greed as a temptation. Greed crushes families & destroys friendships so ppl must find a way for their chosen ppl to get the seeds.

[Callido]

You're saying it's about individual cases. We're living in different countries with our own sets of cultures & we've had very different life experiences. Not every wife or husband must be trusted. We haven't posted about stepmoms & stepdads or stepkids. When it's about your money you've got to think or else you'll b making a big mistake.

Overall, I agree.

Different cultures, different people.. It all plays out very, very differently depending on so many factors.

I do hope, though, that everybody will find the best option for themselves eventually.

I also agree with your overall statement.

You don't judge kindness based on family, same way friends can connive to steal your money, family can also do worse.

Be sensitive to not keeping your funds without anybody to take over, all your efforts of accumulating will then go to waste.

[X-ray]

Different cultures, different people.. It all plays out very, very differently depending on so many factors.

I do hope, though, that everybody will find the best option for themselves eventually.

Yet there is one thing that is absolutely universal: greed. This universal thing that crushes friendships and families is also the inexhaustible source of scams of all kinds that only proliferate.

As money is also often a source of conflict after people have died, perhaps it's better to make as many wallets as there are heirs (children, for example) and entrust them with the seeds separately.

but then you'd face the first problem again which is trusting that the seed holders don't do "something"with it.
as anyone holding seed key can easily do something since they have full access.

it's just really hard problem to solve other than using trusted 3rd party entity to guarantee the wealth basically we can't really solve it with self custody.
but as bitcoin always have ways, we can easily use multisig, make it like voting.

[MahJongss]

It seems to me that you can trust no one but yourself, but there must be an heir to whom you will then pass on your treasures. You can bequeath him a cell number or a key when the time comes, the option is to make a will through a lawyer. In any case, you can only trust trusted people or reliable organizations with a good reputation.

[john_egbert]

but then you'd face the first problem again which is trusting that the seed holders don't do "something"with it.
as anyone holding seed key can easily do something since they have full access.

it's just really hard problem to solve other than using trusted 3rd party entity to guarantee the wealth basically we can't really solve it with self custody.
but as bitcoin always have ways, we can easily use multisig, make it like voting.

So no agreement on doing something with funds universally, no actions going through?

[arabspaceship123]

It's about inheritance money & crypto funds so you can't trust ppl it doesn't matter how close they are to you. Money's tempted honest ppl to steal so you can't leave seeds with the wrong family because you don't want the wrong ppl to take over your crypto or waste it.

I also agree with your overall statement.

You don't judge kindness based on family, same way friends can connive to steal your money, family can also do worse.

Be sensitive to not keeping your funds without anybody to take over, all your efforts of accumulating will then go to waste.

[Callido]

It's about inheritance money & crypto funds so you can't trust ppl it doesn't matter how close they are to you. Money's tempted honest ppl to steal so you can't leave seeds with the wrong family because you don't want the wrong ppl to take over your crypto or waste it.

I also agree with your overall statement.

You don't judge kindness based on family, same way friends can connive to steal your money, family can also do worse.

Be sensitive to not keeping your funds without anybody to take over, all your efforts of accumulating will then go to waste.

The discussion on the thread has been about how careful to be with our investments not to end up in the wrong hands. Before keeping the funds for inheritance, it should be when you getting into your age of retirement, training matters in a family, if after your whole years of experiencing Bitcoin and you were unable to raise one child that is a Bitcoin enthusiast then it becomes part of the problem why you don't see no one to trust.  

[arabspaceship123]

Educating family's an important part of them understanding how seeds work. If you're in crypto you should educate your kids & other family about how they can withdraw the funds for their inheritance. If they don't know what they're doing other ppl could steal the crypto.

The discussion on the thread has been about how careful to be with our investments not to end up in the wrong hands. Before keeping the funds for inheritance, it should be when you getting into your age of retirement, training matters in a family, if after your whole years of experiencing Bitcoin and you were unable to raise one child that is a Bitcoin enthusiast then it becomes part of the problem why you don't see no one to trust.  

[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.

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

Some people don't use to think about emergency in their life, such as death, hospitalized,  and kidnapp to pay some of big amount of money for ransom, and if you don't tell your husband or children were the seeds phrase is, you know what will happen next. Those that said nobody to tell their seeds phrase will be afraid of what will happen if they tell their husband or child were the seeds phrase is in the house and what will happen when crisis occur.

Make sure you have someone you trust in your family, you can trust and tell about your seeds phrase and were to locate the seed phrase when he or she pass out from this world, and your efforts to achieve those coins will not be in Vail.

Technically you don't need to tell anyone.  You can put in place safeguards to where until your death occurs, no one will know shit.  Now that could mean through an establishment of a trust, a will that you keep with your attorney/their firm..and of course will know of your passing and can then reach out to those listed in the estate and call them in for a sit down for a beneficiary disbursement of assets, you can use technology and established safe guards of these kinds to keep things very tight. 

Not to mention, if you don't have anyone to leave whatever you have to..it takes a cold heart and a sick mind not to want to at least pass that wealth on to a favorite charity (don't have one, find one, can't...well again, ya got some serious issues).

You make some great points.

[Faisal2202]

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?

I will suggest to every dude out there to keep their crypto holdings secret, do not share it with your GF, even your wife if you have spent some good years with them then you should consider sharing it because I have seen some girls become GF or wives and within 2 to 5 years they are asking for divorce and half of what their men have.

This is getting out of hand so the best choice is to hide as many assets as we can. I don't know about other cultures but here in my culture, the man of the house doesn't really share how much he values. He just asks the woman of the house what she needs and fulfills them never share them how much money he has and that's a golden rule in my opinion.

Speaking of sharing your seed phrases, we should share them at least with our siblings or friends, or someone we trust most, so when we die, we at least not be wasting the money we have.

[Jawhead999]

Technically you don't need to tell anyone.  You can put in place safeguards to where until your death occurs, no one will know shit.  Now that could mean through an establishment of a trust, a will that you keep with your attorney/their firm..and of course will know of your passing and can then reach out to those listed in the estate and call them in for a sit down for a beneficiary disbursement of assets, you can use technology and established safe guards of these kinds to keep things very tight.  

The attorney/law firm can just access the coins secretly and give excuse if someone have compromise it. Or if the amount is too huge, they can access it and then move to other country.

This is getting out of hand so the best choice is to hide as many assets as we can. I don't know about other cultures but here in my culture, the man of the house doesn't really share how much he values. He just asks the woman of the house what she needs and fulfills them never share them how much money he has and that's a golden rule in my opinion.

It's a wise decision I think.

Because if you reveal all of your incomes to your wife, if she know you bought something expensive for your hobby or entertainment, she will get mad. While there's nothing wrong for the men to enjoy a part of their incomes, they even give money for their wife for their own needs, not for house and kids, but the wife keep demand more and more.

[Z_MBFM]

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 phrase is a key that allows you to accept a wallet and transfer all the cryptos in it. The person you have a good relationship with today may not have a good relationship with tomorrow. But this SEED phrase can never be changed. That is why it should not be shared with anyone as long as you are alive. Family members are very close but when it comes to money, everyone hesitates to ruin the relationship. When you give control of your entire wealth to someone, they start neglecting you. So you should always keep power of the money in your hands as long as you live.

[Faisal2202]

It's a wise decision I think.

Because if you reveal all of your incomes to your wife, if she know you bought something expensive for your hobby or entertainment, she will get mad. While there's nothing wrong for the men to enjoy a part of their incomes, they even give money for their wife for their own needs, not for house and kids, but the wife keep demand more and more.

I know, although I am not married but still I know because I have seen many real-life events where wives and GFs are after the money of their men therefore they should not show off until they can manage to lose it all or half. The best practice is to stay on the safer side and the only way is to not share your overall assets to anyone but you know in modern cultures wives also earn money and if they are not sharing what they have then you should not.

It is very sensitive matter though, and many men will say sharing is good, but IMO it is not, and there is not point in getting the information out from your partner that what he own, as if that's was not the main reason you chose them.

[Slimzeee]

My belief is that access to that information should be for you and you alone. However, my thought process is that if you know you have a sustainable amount, it’s better to put down a will and involve both parties. The will could include the lawyer providing a key to a safe where your loved ones can access the required details. This doesn’t necessarily mean you expect to leave soon, but what could be more painful than accumulating so much wealth only to leave your loved ones in penury.

[Jawhead999]

I know, although I am not married but still I know because I have seen many real-life events where wives and GFs are after the money of their men therefore they should not show off until they can manage to lose it all or half. The best practice is to stay on the safer side and the only way is to not share your overall assets to anyone but you know in modern cultures wives also earn money and if they are not sharing what they have then you should not.

It is very sensitive matter though, and many men will say sharing is good, but IMO it is not, and there is not point in getting the information out from your partner that what he own, as if that's was not the main reason you chose them.

It doesn't matter if you're single, married or divorced, but you're correct. We don't have to experience it in order to know it, like why we avoid to eat shit while we never eat shit in our life?

The only know if your wife or girlfriend has a good money management is, you give like 50%-70% of your money for her, then ask her how much her money after a year, three years, 5 years and 10 years.

If her money keep growing, she has a good money management and vice versa.

Then you can try to act if you're bankrupt or get fired from your company, which you not generate a good amount of money and it force her to use her savings. If she don't mind to use her savings to live with you, I would say that man is already won in his life.