Quote from: Sayeds56 on Today at 10:09:28 AM

Quote from: The Cryptovator on August 23, 2023, 08:02:31 PM

Initially, I recorded all my crypto wallet information in a physical notebook. My intention is to educate my future generations about cryptocurrencies like Bitcoin, ensuring that when they possess sufficient knowledge, they can access and recover the assets I've set aside for them. It seems like the most effective method to pass on my crypto assets to the next generation.

I beehive it is the right approach to record all information related to our wallets in a physical note book, and I have also chosen the same method to secure my keys, because I don't prefer to save such crucial information on electronic devices.

There is a popular saying that anything connected to the internet is vulnerable. This shit always scare me considering that most of my activities and savings are on electronic medium that is connected to the internet always. Physical note book like you said is not bad but have you considered the durability of the note book? Can it stay for a long time without being damaged? Is it possible to protect the content for a long time against others that do have access to your house?

Quote from: jrrsparkles on Today at 10:36:39 AM

Keeping the physical copy of the data written on paper is not going to be easy peasy. Paper can be easily damaged like spill a glass or water so it needs a safe lock box something water and fire proof. But even if you do that you need to have a key for that box which you need to locate it somewhere and hope the next generation will find it.

That is why locking up for a certain period is the better choice for inheritance.

[Tutorial] Making your crypto inheritible

Good thread made on Electrum wallet. The thread actually explained everything clearly and it seems workable. It just require some mastery as whoever is implementing it must be technically sound to avoid mistake. That will not be a problem anyways because whoever the heir is that is to get the inheritance should be able to seek the knowledge needed to scale through.

Quote from: jackg on October 28, 2020, 02:43:21 PM

I'm going to be doing this whole thing in electrum this will ensure funds can be salvaged by anyone with a note you leave after a certain amount of time.

A slight note on a potential weakening of security here before we start in that once you do this your bitcoins may be suseptible to an attack if someone receives the paper and the ECC algorithm used for bitcoin is broken (but it's likely to remain strong until 2050 afaik).

Another area is also in terms of safety and preservation of the paper where you will write the note as suggested by the author. The aim of the whole thing will be defeated should the note enter the wrong hands. This bring to mind the option of saving part of the sensitive items in a vault with the bank. I think this will work because saving a note at home for 20 years is not an easy thing.