Quote from: Pouncer on February 10, 2014, 10:52:09 PM

Quote from: klee on February 10, 2014, 01:32:17 PM

Quote from: neer.g on February 10, 2014, 07:38:48 AM

Quote from: Pouncer on February 09, 2014, 09:37:24 PM

I prefer (2). If the method is too complicated, I propose a simplified version - option (3)

Use AES Crypt instead of Truecrypt. It is much easier to use.
If you're not comfortable using deathswitch.com, we could just encrypt the text file containing passphrase and ask someone we trust to keep it and to email it to the recipients - much the same way we'd need someone to physically take the envelope out of the safe deposit box & post it.
Once the text file containing the passphrase has been encrypted, we immediately send decryption key to all other treasurers by ordinary email (no need to use bitmessage). This way we can confirm that the backup process has been completed.

What do you guys think? Once we've agreed on the method, we can post it in the main thread.

I would go with option no. 3.

+1

I will need help though to make sure I don't do something stupid in the process!

I am good with Option 3 as well. I am in the process of creating two new accounts in support of James/kLee and his efforts on NXTcash. These would be NXTcashoperatingfund and NXTcashcompletionbonusfund. Once I have these later today I will have three accounts and three passwords I will cycle through this process.

Not sure what rickyjames thinks, but looks like he's got the envelope solution sorted out. We could use this among the 3 of us.

1. Download AES from https://www.aescrypt.com/download/
2. After installation, drag the AESCrypt.app icon from App folder to desktop
3. Create a new text file. Enter passphrase of your Nxtfund and save it. eg. KLee.txt
4. Drag Klee.txt and drop it over the AESCrypt.app icon on the desktop
5. You'll be prompted to enter a password. Enter a password & click "Continue"
6. You should see the encrypted file KLee.txt.aes in your finder.
7. SECURE DELETE the unencrypted file Klee.txt (important!)
8. Send encryption password to other treasurers by email
9. Give Klee.txt.aes and treasurers' emails to someone you trust, with instructions.

Hope this helps. I'll PM my email to you & neer.g and we can test it out with a dummy file

To decrypt, drag the KLee.txt.aes file to the AESCrypt.app icon, enter password and the a copy of decrypted file KLee.txt will appear in the finder.

So much trouble bcos of "Trust noone"

I am OK with option 3 also. I am currently setting up two new accounts in support of James / NXTcash. These will be NXTcashoperatingfund and NXTcashcompletionbonusfund. Once I've got these set up, I'll get back to you guys with three passwords to cycle through this process.