But if a stranger who's playing around accidentally scan that, you'll be sorry.
@Abiky, I think that you should be prepared in a way through talking to them. Like giving them some idea on what you are preparing and just tell them the truth that in case something unexpected happen to you, they will be secured. Just leave them a set of instructions including your private keys.
@Abiky, I think that you should be prepared in a way through talking to them. Like giving them some idea on what you are preparing and just tell them the truth that in case something unexpected happen to you, they will be secured. Just leave them a set of instructions including your private keys.
Thanks for the tip. However, most of my family members aren't that tech savvy enough to understand cryptocurrencies in their entirety. I could leave some step-by-step instructions, though. But I wonder, if they'll be able to follow them precisely. I often use passwords with 50 characters in length in order to strengthen security. Encrypting my cryptocurrencies with such a long string of characters might be difficult to access in case of any undesired situation. Of course, I can write it down on a piece of paper. But even that could be exposed to someone not authorized.
I was thinking that maybe a multi-sig wallet would serve well its purpose for preserving my cryptocurrencies in case of death. It's easy enough to generate keys for specific family members so that 2 out of 3 keys could successfully unlock my crypto balances. If somehow the process of releasing crypto to loved ones upon my death would be fully automated (via a smart contract or something), then it would be a blast. In the meantime, I'd think it's best for me to prepare a video with in-depth instructions on how to unlock my crypto balances in the case of death.
