Quote from: thisappointed on October 06, 2019, 09:05:31 AM

Quote from: rebrik7 on October 06, 2019, 07:58:09 AM

Quote from: nankers on September 27, 2019, 10:54:30 PM

I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.

I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?

I think it's not bad idea. If you have people whom you trust 100%, then why not give the necessary knowledge and data to them so that they can use these assets, if suddenly something irreparable happens.

Printing a white paper of your private keys are good too, for them to easily understand it, but it is too risky because they might misplace it somewhere and it is possible that it could be stolen easily. This is a good will for your parents or your sons and daughters if you have one, it is a good assurance for their bright future ahead. It would be good also if you are going to tell them how to use it properly.

Keeping your private keys in a safe place is good, but printing it as a whitepaper I think it is not safe, private keys are created not to be seen by everybody, by printing it your are just giving a chance for other people to get your crypto saving. Its good that your family will have a copy but it is not good to give it that way. It will be your biggest risk if possible.