How do you guys feel about putting the seed phrase on banks safety deposti box inside of their vault? Bank would have one key and I would have second and both would be needed to open the box. In case of death the box would be automatically transferred for my kid so it would be useful in a way that seed does not get lost when I die.
It's better to have your own vault than to put it on the banks. It's just going to be the same thing that you'll do with the banks and you just have to keep it in a place into your house where no one can easily see it. You just have to place all of the necessary details and tell it to your kids while they're children or at least leave some instructions to your will. It is just in case that you left this world unexpectedly.
Yeah, but in that case it is more easy to steal the passphrase from my home than from the banks vault.
What about safety deposit boxes in two different banks? That would make the risk more smaller that the bank gets destroyed. But it would increase the risk that crooked bank employee might gain access to the box.
This is not really problem for me right now as my sats are not that valuable but I think this problem is coming in near future as I am all in in Bitcoin, stacking stats with all I got and while price of Bitcoin will go to moon within 10-20 years.