Trust: who can be trusted to keep your seeds?

[JoyMarsha]

I have looked around, and the person I can entrust my seed phrase to, and it is safe for me at any time, is my mom. Any other person can have you betray the trust you have in them when they have calculated the amount you held in your custody. How to play a fast run on you to siphon your crypto money before you could be their target.

For my mom, he has the best interest of me in her heart. She won't like to what will cause me pain. She will keep my seed phrase, and won't disclose it to any of my siblings

[hd49728]

I have looked around, and the person I can entrust my seed phrase to, and it is safe for me at any time, is my mom. Any other person can have you betray the trust you have in them when they have calculated the amount you held in your custody. How to play a fast run on you to siphon your crypto money before you could be their target.

For my mom, he has the best interest of me in her heart. She won't like to what will cause me pain. She will keep my seed phrase, and won't disclose it to any of my siblings

When people get old enough, they possibly have issues with memory and consciousness so that they will be able doing bad things. Like they don't intend to do this, but they still make it happen and you will pay the cost, not your Mom.

What will you do with your Mom after that?
Nothing and with your love and respect to your Mom, you can not do anything rather than accepting what happened even if is loss and painful.

I trust myself and don't trust any old person to store my wallet backup.

[ancafe]

I have looked around, and the person I can entrust my seed phrase to, and it is safe for me at any time, is my mom. Any other person can have you betray the trust you have in them when they have calculated the amount you held in your custody. How to play a fast run on you to siphon your crypto money before you could be their target.

For my mom, he has the best interest of me in her heart. She won't like to what will cause me pain. She will keep my seed phrase, and won't disclose it to any of my siblings

In terms of trust it may be true because a mother would never betray a child and their feelings are also much more sensitive to the people we leave behind. But the question is what if they have passed away first and do you have another way to store the seed phrase as a step that can be used when we are gone. I believe mothers are the most trustworthy people but other possible scenarios that may occur also need to be prepared for.

For example if they are still alive but they are starting to get senile, this kind of thing is no longer a good memory for them. Then what will happen to the seed phrase that can reach the person we want to pass on. This also needs to be considered because we never know what will happen in the future and we cannot guarantee that something will turn out the way we want it to.

[justdimin]

Every method has risks, no method is absolutely perfect, the only difference when making a choice is what kind of risks we accept and trade off. Like you, I don't deny that revealing the seed phrase to your wife/relatives is risky but it's worth the trade-off. Because I don't want my life's work and effort to go down the drain if something unexpected happens to me and my children don't inherit anything. I don't want my children to live in poverty just because of my selfishness in not trusting anyone, not even their mother, who would take care of them if I died.

You are right, that risk is worth taking.

This is the same for me as well, I believe sharing it with my wife is ok, she can also take whatever she wants from it because if I do not trust my money with my wife, then why am I even married? That is the modern day marriage thing that I never understood with people around my age, they all believe they have some special personal space that they do not really share with each other.

For me, any money we have, is shared money, so my bitcoin is also her bitcoin as well. Obviously I would rather if she didn't take money out, but it would not be something I prevent by keeping it a secret, I would let her know how she can, but also tell her that it is investment and not to take it, rest is up to her, and so far, she never bothered to take a dime.

[Apocollapse]

In terms of trust it may be true because a mother would never betray a child and their feelings are also much more sensitive to the people we leave behind. But the question is what if they have passed away first and do you have another way to store the seed phrase as a step that can be used when we are gone. I believe mothers are the most trustworthy people but other possible scenarios that may occur also need to be prepared for.

If that was the scenario it means you need to share the seed phrase with your child, because if you share with your wife or little brother/sister, it would be pointless because they're live in the same generation, they're likely to die earlier than our child, hence pass it to the next generation.

probably the only time that the latter would matter is if you've got a toxic and vile family relations that has gave you nothing but trauma, that's the only time that I think closest friends would matter when leaving something valuable is being talked about.

Only if you're single, people who got toxic family can still build a small family with partner and child.

It's completely hard to believe someone would gave his wealth to his friend, I only know there were few cases someone gave their wealth to housemaid.

[Swordsoffreedom]

But can I ask you a question, are you married and have kids? Or are you not married and have never experienced these things but only heard about them from others?

Good for you, have you ever in situation where you're unemployed and your wife have a job?

It's embarrassing to say this but I was unemployed for more than 2 years when my son was not yet 2 years old, my wife and I had many arguments because we didn't have enough money for daily expenses. But neither of us thought of divorce just for that reason and especially for the future of our children. Just think, what will happen to a child's future if they lose the love of their father or mother? Because of that, we work together and try harder to improve life.

I would like to add that: not only me but also my close friends, neighbors or relatives...All the couples lived very happily and most of them loved and trusted each other. Of course, there will be times in life when we argue, but we have never doubted each other just because of money. Because it is something that can be earned back if lost.

This is a pretty sensitive question but I really want to know, how many millions, how many billions of dollars do you own? If you really own a fortune worth hundreds of millions of dollars, you have right to be suspicious of everyone, including your wife. Because that is a large amount of money, but if it is only a few thousand dollars or a few hundred thousand dollars, I think it is too cheap compared to the love between husband and wife, mother and child. It's not worth the trade-off.

[FortuneFollower]

I have looked around, and the person I can entrust my seed phrase to, and it is safe for me at any time, is my mom. Any other person can have you betray the trust you have in them when they have calculated the amount you held in your custody. How to play a fast run on you to siphon your crypto money before you could be their target.

For my mom, he has the best interest of me in her heart. She won't like to what will cause me pain. She will keep my seed phrase, and won't disclose it to any of my siblings

That's great for you to have such a person.

Not so many people are lucky to keep the trust going through years to come. That can be only commendable.

[arabspaceship123]

You haven't made any suggestions. Which way are you going to leave seeds in safe ways so they don't go to waste after you're dead. If they're for your family how are you planning to put the crypto seeds in their hands if you won't trust ppl to store them ?

Trusting ppl isn't advised. Giving wallet seeds to ppl means they'll be able to take control of your crypto when ever they like.

This is why we should find ways to be able to give access to trusted people only whenever we would allow it. It may be difficult and not at all straightforward but you wouldn't want your coins to go to waste if, god forbid, something happens to us. After all, we are investing and holding for the sake of our family. It is for our children.

If we want our families to access our crypto after our death we'll have to make compromises. Where's your crypto stored ?

There is definitely risks but the thing is risks can be minimized and avoided and that is what you should do if you want to pass on your seeds to your family.

[Donneski]

I have looked around, and the person I can entrust my seed phrase to, and it is safe for me at any time, is my mom. Any other person can have you betray the trust you have in them when they have calculated the amount you held in your custody. How to play a fast run on you to siphon your crypto money before you could be their target.

For my mom, he has the best interest of me in her heart. She won't like to what will cause me pain. She will keep my seed phrase, and won't disclose it to any of my siblings

In today's world where dishonesty, deceit and unreliability is the order of the day even among relatives, having a soul you can totally trust is actually a very big blessing that's very rare to find so if you've got one around you, you should always be thankful and grateful to them. I'm happy you have one in your mother.

Myself, I lost my mum when I was still a toddler but I have a brother who I can wholly entrust with everything I have got and still be very confident that it'll be kept safe. He's more than a confidant and the only one I can entrust my seeds to.

[Baki202]

I have looked around, and the person I can entrust my seed phrase to, and it is safe for me at any time, is my mom. Any other person can have you betray the trust you have in them when they have calculated the amount you held in your custody. How to play a fast run on you to siphon your crypto money before you could be their target.

I think entrusting your seed phrase with your mom is the best decision you can actually make because the fact that she's your mom just makes everything interesting because she trustworthy and won't joke with your funds and this is something am sure about, moms are active the best, and I don't think there is any mother that will want to betray there own child, and some mothers don't even have idea what it is and even they do they don't seem to care much. And ot is even better to keep your assets a secret so that no one will even worry.

For my mom, he has the best interest of me in her heart. She won't like to what will cause me pain. She will keep my seed phrase, and won't disclose it to any of my siblings

Their is no mom that does not love there child and this is why I love the fact that we know what our mom is capable and if it is about the issue of your finance she will not want to do to much, there is enough reasons why your mom is the best option you can even think of, even your siblings might be worst than an outsider but your mom, she will do everything to keep it safe.

[Ucy]

You should simply create a seperate account or seedphrase for your Next of Kin with no bitcoins in it. If something happens to you or maybe you do not access your main account that has bitcoins for certain period of time, the coins auto-transfer to your next of kin address.. Before then, you tell your next of kin to wait for a maximum of 1 year to recieve your coins in his/her address when you're nolonger alive. But if you're still alive when the coins are sent to your Next of Kin, you should be  informed about it and the coins should be left for you.

The auto transfer feature could be built into bitcoin if it's not built already. And it's best to use it for active rather than long-term savings account, so that when it becomes inactive, it can then auto transfer to next of kin address. You should also have the copy of the next of kin seedphrase just incase.

 The keys should be inscribe on a metal that can't easily rust or be damaged, and you may bury it in the ground, and inform your next of kin where you buried it.
If he/she accesses the key before the time, no bitcoin will be found. This partly solves the trust issue. To fully solve it, you may not inform the next of kin about the keys if you fear you could be killed for the auto-tranfer feature to get triggered. You could write a letter that get delivered to the next of kin in the future when you're gone. The letter should describe where the keys is hidden and how to access the coins

[Ucy]

You should simply create a seperate account or seedphrase for your Next of Kin with no bitcoins in it. If something happens to you or maybe you do not access your main account that has bitcoins for certain period of time, the coins auto-transfer to your next of kin account.. You tell your next of kin to wait for a maximum of 1 year to recieve your coins in his/her account when you're nolonger alive. But if you're still alive, the coins should be kept and you be informed about it

The auto transfer feature could be built into bitcoin if it's not already built. And it's best to use it for active rather than long-term savings account, so that when it becomes inactive, it can then auto transfer to next of kin address. You should also have the copy of the next of kin seedphrase just incase.

You should inscribe the keys on a metal that can't easily rust or be damaged, and you may bury it in the ground, and inform your next of kin where you buried it.
If he/she accesses the key before the time, no bitcoin will be found. This partly solves the trust issue. To fully solve it, you may not inform the next of kin about the keys if you fear you could be killed for the auto-tranfer feature to get triggered. You could write a letter that get delivered to the next of kin in the future when you're gone. The letter should describe where the keys is hidden and how to access the coins

So, have a joint account controlled by you and your Next of Kin, and your private account controlled by only you. The private account, which has coins in it should be set to auto transfer to the joint account when you are gone.

[Abu-Naim]

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?

The issue of these seed phrase is something else, almost everybody have their own method of handling the seed phrase because once you are no more, if no one knows about your seed phrase, your Bitcoin is gone and can never be recovered.
Family members are the only closest people to have assess to your seed phrase but trust is limited now, you can hand your seed phrase over to a family member how and your coin might be missing, that is why sometimes it is better to keep it to yourself.

However, if. There is no any other choice, if you have a children, you can educate them about Bitcoin and how it works, hand one of them over the seed phrase so that your wallet can be assessed after your departure.

[arabspaceship123]

The topic's had many posts because it's an important question which's affecting ppl. You're reading opinions but most of them don't make sense. It's like each post's saying we've got to trust ppl with our seeds while we're alive so our family gets them after we're dead.

[ancafe]

If that was the scenario it means you need to share the seed phrase with your child, because if you share with your wife or little brother/sister, it would be pointless because they're live in the same generation, they're likely to die earlier than our child, hence pass it to the next generation.

That is a consideration that I might be thinking about because if at any time that happens there are other options that can be done by our heirs. I also considered some other ideas such as storing the seed phrase in a much safer safe so that we can tell them at the right time. Honestly, all we want to do is the best for our children so that when we leave them they can access the bitcoins we have and they can use the assets for something much more productive.

It is unimaginable how after we die the assets cannot be accessed and maybe no one knows the seed phrase, so our struggle to invest will be quite in vain and I am sure this is not expected by any parent because they have been tired of struggling for nothing at a later time.

[DanWalker]

I have looked around, and the person I can entrust my seed phrase to, and it is safe for me at any time, is my mom. Any other person can have you betray the trust you have in them when they have calculated the amount you held in your custody. How to play a fast run on you to siphon your crypto money before you could be their target.

I think entrusting your seed phrase with your mom is the best decision you can actually make because the fact that she's your mom just makes everything interesting because she trustworthy and won't joke with your funds and this is something am sure about, moms are active the best, and I don't think there is any mother that will want to betray there own child, and some mothers don't even have idea what it is and even they do they don't seem to care much. And ot is even better to keep your assets a secret so that no one will even worry.

For my mom, he has the best interest of me in her heart. She won't like to what will cause me pain. She will keep my seed phrase, and won't disclose it to any of my siblings

Their is no mom that does not love there child and this is why I love the fact that we know what our mom is capable and if it is about the issue of your finance she will not want to do to much, there is enough reasons why your mom is the best option you can even think of, even your siblings might be worst than an outsider but your mom, she will do everything to keep it safe.

For who feel they can't even trust their wives, their mothers may be the best and even better solution, IMO.
Yes, I also don't think any mother would betray her child because they are the ones who gave birth to us and are willing to sacrifice their lives to protect us. They raised and gave us the best of everything until we grew up, so there is no reason for them to betray us just for money.

But it is important to note that this is only true when your mother lives with you and your family, it may not be true for mothers with new husbands (stepfathers) as they may also betray their children out of blind love.

[dezoel]

I am quite sad to see people picked "nobody" option. I understand not trusting your friends or anything with it, because no matter how close you feel towards them, you can never trust them fully. However, the person you live with? That has to be a person you trust completely with your life. I do not know who all of you live with, some of you could be living all alone, and those people could trust nobody and I understand that.

But if you live with your parents then you should trust your parents, I live with my wife so I trust my wife. If you do not trust the person who is living in the same as house as you, then you have a bigger problem then just keeping your seeds safe from them. You should be completely honest about everything with them.

[libert19]

I trust nobody with my seed phrase.

There is this quote I'd like to mention. I don't remember it precisely but it goes something like this, "secret stops being a secret, the very moment it leaves your mouth, no matter how much trusted the other party may be".

Similarly, if you give your seed phrase to somebody, that very moment it'll be a lost cause.

[$crypto$]

I trust nobody with my seed phrase.

There is this quote I'd like to mention. I don't remember it precisely but it goes something like this, "secret stops being a secret, the very moment it leaves your mouth, no matter how much trusted the other party may be".

Similarly, if you give your seed phrase to somebody, that very moment it'll be a lost cause.

At least if you can keep it for a long time, why trust others?
Many people say they will trust their wife or children.

I prefer not to trust anyone, but when the time comes maybe some assets will be transferred to the wife or children no longer giving the seed phrase.

[libert19]

I trust nobody with my seed phrase.

There is this quote I'd like to mention. I don't remember it precisely but it goes something like this, "secret stops being a secret, the very moment it leaves your mouth, no matter how much trusted the other party may be".

Similarly, if you give your seed phrase to somebody, that very moment it'll be a lost cause.

At least if you can keep it for a long time, why trust others?
Many people say they will trust their wife or children.

I don't have wife or children, so I don't know how deep these bonds could get, so I keep to myself.

I prefer not to trust anyone, but when the time comes maybe some assets will be transferred to the wife or children no longer giving the seed phrase.

At the moment, I can't think of sharing seed with anybody in wildest dreams, but it may change in future depending on circumstances, who knows?