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Author Topic: How to keep your bitcoins secure if you suddenly disappear (jail or prison)  (Read 16948 times)
Madness
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January 26, 2015, 06:24:17 AM
 #161

It's not that hard
I would simply make a brain wallet (remembering Electrum seed can be hard for years ...)
or simply Make a encrypted Paper wallet and save it so no body find it , once I come out from jail , I enjoy being rich Shocked If I had a little amount of money ... well I won't worth to hide it

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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January 26, 2015, 10:46:53 AM
 #162

If you are able to memorize 64 hexadecimal chars you should be fine. You just keep the private key in your brain.

Yeah sounds like the easiest solution to it!  Tongue

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January 26, 2015, 02:32:07 PM
 #163

The longer Bitcoin is around the more believable the concept of a Bitcoiner being sent to jail or prison.

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January 26, 2015, 06:43:03 PM
 #164

get a 'paper wallet' made of plastic. memorize pass and tell your mum (only person you can trust)
make small incision in ballsack. insert wallet. restitch.  Grin

I am Bonkers BTW
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February 18, 2015, 06:30:37 PM
 #165

>mfw reading this thread


Hardly anyone speaks English on this forum.
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February 18, 2015, 10:33:46 PM
 #166

Geocaching: Put the coins on multiple truecrypted flash drives, then bury them in different locations in the woods.

NOTHING else is secure, period. Forget all this multi-sig bullshit when it comes to longterm storage ..

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February 19, 2015, 09:05:23 AM
 #167

Knowledge is knowing a tomato is a fruit. Wisdom is not putting it in a fruit salad   Wink

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February 19, 2015, 09:41:22 AM
 #168

If you are able to memorize 64 hexadecimal chars you should be fine. You just keep the private key in your brain.

Yeah sounds like the easiest solution to it!  Tongue

Actually if you really can remember it , that is the best and safest way to do it
Or the multisig idea sounds good enough
But instead of giving it to , two different people , keep one in your bank , one if safe deposit(secret) and last one to a friend (highly tusted)
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February 20, 2015, 04:02:43 PM
 #169

TATTOO WALLET WOULD BE A GREAT SOLUTION  Grin Grin
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February 20, 2015, 04:07:26 PM
 #170

Id probably do a mutil sig paper wallet where you only need 2 of the 3 keys. you keep one in a safe place and give the other two to people you trust with your life and tell them to put it in a safe or safe deposit box. Or you can just do a plain paper wallet, but I believe the multi sig is actually safer, that means if one paper is compromised then you just need the other 2 to gain access. Basically, one person cant get to the coin.

Or you can do just a plain paper wallet/cold storage.. But given the scenario that you described, id opt for the mutli sig i think..

You have the option of the brain wallet that has a lot of advantages when you are cut of the real world for a long time as many posts said. I think it is the best way to keep some bitcoins if things get really messy.
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February 21, 2015, 09:21:58 AM
 #171

My option would be to make a brain wallet and deposit there my Bitcoin, hopefully i would not forget the passphrase..  Tongue
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October 09, 2015, 07:28:44 PM
 #172

bump

Hardly anyone speaks English on this forum.
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October 09, 2015, 08:21:03 PM
 #173

I've got my ledger wallet in a safe place, and I trust my wife, so if I need to access my btc she could do it for me. I've also shown her where it is so if she needs to move out the house she can retrieve it for me. Basically, I trust my wife.

I've got lots of valuable stuff I know she will look after for me if I have to "go away"
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October 09, 2015, 08:33:32 PM
 #174

I've got my ledger wallet in a safe place, and I trust my wife, so if I need to access my btc she could do it for me. I've also shown her where it is so if she needs to move out the house she can retrieve it for me. Basically, I trust my wife.

I've got lots of valuable stuff I know she will look after for me if I have to "go away"

I basically did the same exact thing with my Trezor seed. I have written a 2 page paper where I explained everything to my wife in the case something God forbids was to happen to me.

I don't know, but I think this is the best thing. With the brain wallet, if you die tomorrow in a plane crash, your bitcoins go with you. Basically you have to tell someone of trust!
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October 09, 2015, 10:15:42 PM
 #175

I think backup wallet and keep save in Mega cloud,best cloud in internet
Or like somebody adviced here leave  USA and go Canada,Canada is friendly for Native American and crypto

 
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October 10, 2015, 07:03:02 AM
 #176

I think backup wallet and keep save in Mega cloud,best cloud in internet
Or like somebody adviced here leave  USA and go Canada,Canada is friendly for Native American and crypto

Umm. I'm Canadian and part native. We like to show off to the world that were great to our first people's and always have dancers at public events n stuff, but if you know anything about our history, about policy even today, or have ever visited a reserve up north... You would not say that. Native people in Canada make the poorest blacks in the USA look like Danish Royalty.

Basically the image of Canada as a progressive humanitarian nation is a sham. We are just America's bitch.
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October 10, 2015, 10:19:35 AM
 #177

You may use a deep cold storage. You need to open a safe deposit box and putting a USB stick containing an encrypted wallet file in it. The public (sending) addresses can be used any time to send additional bitcoins to the wallet, but spending the bitcoins would require physical access to the box (in addition to knowledge of the encryption password).
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October 10, 2015, 02:23:50 PM
 #178

I think backup wallet and keep save in Mega cloud,best cloud in internet
Or like somebody adviced here leave  USA and go Canada,Canada is friendly for Native American and crypto

Umm. I'm Canadian and part native. We like to show off to the world that were great to our first people's and always have dancers at public events n stuff, but if you know anything about our history, about policy even today, or have ever visited a reserve up north... You would not say that. Native people in Canada make the poorest blacks in the USA look like Danish Royalty.

Basically the image of Canada as a progressive humanitarian nation is a sham. We are just America's bitch.

We treat Canada pretty well. I would say it's more like, Canada is the USA's wife. As long as she keeps the house clean and spreads her legs when ever we want then we don't have to smack her around. We don't get involved in what she's doing if she doesn't stick her nose in adult business and understands her place.

Natives in the US are currently getting 200 years of revenge. It's pretty funny to watch all the pale faces flock to Indian casinos all over the country and dump their wallets every weekend. We brought Anglo diseases to this territory 200 years ago, infected them and raped their women. They're spreading the gambling disease all over the country and raping our wallets. LOL

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October 10, 2015, 04:18:26 PM
 #179

Nice post. I also thought about still lately

- The problem with storing encrypted wallet is places like dropbox or some other service. We are never sure when that service may shutdown
- Also if you store the paper wallet somewhere, there is always chance it could be destroyed or broken it.
- Problem with brainwallets is that you need a complex enough passphrase which you could forget

Here is my solution

- Store the encrypted private key into namecoin with your name as key. We can sure to get back namecoin blocks even if other centralized storage services shutdown



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October 10, 2015, 09:09:39 PM
 #180

Make a paper wallet & bury it or leave it with a loved one until you get out. If you don't want to do either of these then get your public & private keys tattooed on your body, maybe on the inside of your biceps or something.

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