Re: Inheriting bitcoins

Quote from: jubalix on July 21, 2013, 02:24:06 AM

Eg if you give the paper wallet to a lawyer, to pass on, how can you stop them spending it....and they just run off.

The key can be split into multiple parts, so the family receives one part and the trustee/attorney another:

pybtcsplit - m-of-n Private Key Splitting made easy in one simple python utility
- http://bitcointalk.org/index.php?topic=104086.0

What many are waiting anxiously for is the inclusion of encrypted paper wallets. So the trustee/attorney gets the decryption password and the family receives the encrypted paper wallets:

From another thread:

Quote from: Stephen Gornick on February 02, 2013, 05:39:16 AM

So the encrypted paper wallet(s) go to family members. DeadMansSwitch gets the decryption key, as does the trustee. From another thread:

Quote from: Zeilap on February 01, 2013, 10:19:57 PM

I changed the colour to blue for encrypted paper wallets to provide distinction between encrypted/unencrypted paper wallets - a version in the original yellow is included in case you really like yellow, just delete 'note_encrypted.png' and rename 'note_yellow.png' in its place.

This solution (encrypted paper wallets) probably isn't ready for prime time, but give it a few weeks and that will probably become a very good method for offline / long term savings that is secure.

And apparently a commercial paper wallet product (based on an open source tool) is now available with this:

Quote from: aantonop on July 13, 2013, 01:59:39 AM

now in beta as part of OpenPaperWallet (and the retail kit, SafePaperWallet) -

BIP0038 compliant, encrypted private keys in QR codes.

Software v3 BETA

The new v3 offers many features:

- A step-by-step wizard
- Multiple background design options
- Encrypted private keys (BIP0038) and in-browser decryption.
- Deterministic Aliases

https://safepaperwallet.com/software-v3-beta/