Post
Topic
Board Wallet software
Re: Thinking of separating my holdings into two physical locations.
by
Saint-loup
on 05/03/2023, 00:45:19 UTC
It means you won't leave your seed but a signed transaction with a timelock, it implies to create a new transaction each time you spend some funds or you receive some if you want to transmit all your funds.
A timelocked transaction set up should be used with your cold storage wallets which are not making frequent transactions. Further, it is trivial to create a new timelocked transactions when you are using that wallet, and the whole process of creating the transaction, signing it, and printing it off or sending it to someone else can be done under a minute.
I doubt it would take less than one minute to do all that stuff for the average user to be honest but I guess it could be ok if you only do it for your cold wallet though. But what will you do with the funds of your hot wallet? They will be lost ? 0.1 or 0.2 BTC are not an insignificant amount for many people on earth you know.

So it's a convenient solution only if you don't hold much funds in altcoins
Fair point. I don't hold any shitcoins so I don't ever really consider that angle.
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That's why this solution is not convenient for many people unfortunately. I'm surprised you don't hold any "shitcoin" though, while you have a ledger. You advise against using any third party service, such as Google, but you hold Bitcoins in a closed source wallet not air gapped while you don't need it? 

There is a difference between knowing that you own bitcoins and having access to them, in the same way as knowing you own a smartphone and knowing its pin code for example.
But if you are concerned about your spouse being a gossip and making you a target, as posters above have suggested, then both are just as risky.
You're right, that's why it's better to make her believe that you only hold very small amounts.

does every spouse know all of the other spouce's bank accounts? probably not.
Then why get married if you have so many secrets you want to keep from the other person?
Why not? I don't think most of women really care about that to be honest. They don't marry men because they hold or not bitcoins, fortunately.

Sorry, but this quote doesn't belong to me.