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Re: If you die, what will happen with your coins?
by
redcrystal
on 23/10/2017, 09:55:11 UTC
Hi there

I have been thinking about this for a while and I have seen the same question in the Spanish thread. So, if you die do you have a plan to give you currencies to your relatives?

This is mu strategy: I have copied the paper wallets in a usb key, compressed with a password. The usb key contains a file with the instructions to guess the password (you have to know me in person). This usb has been put in my house, in the drawer, with some clothes. So if anything happens suddenly to me, I hope that my family, one day, will remove my clothes off and the usb will appear.    If the follow the instructions the will keep all the money.


Any other ideas?

I don’t know if this is true, but I have heard that those usb sticks or thumb drives will lose data if they sit too many years not plugged into a computer. I think I’ve heard that they need the charge from a computer about every 5 years to retain the data. Like I said, I can’t say for sure it’s true, but I don’t trust them with my Bitcoins or altcoins. I rely on paper printouts of my public and private keys and store them safely in multiple places that no one will find.

I don't think that's true! I've had sticks for years and they still work 100%. I would google the answer if you're really worried. You could always check it every year. It wouldn't die in a year!!