Quote from: dothebeats on Today at 02:23:42 PM

Quote from: uswa56 on Today at 01:09:00 PM

Quote from: Hamza2424 on August 10, 2023, 05:28:35 PM

Hmm, interesting well, as you should know the key is to access the assets, and that key cant be shared if you want security. If you've lost the key or anyone doesn't have it he cant access the Bitcoins in the wallet. So you need to pass the key but there is a huge risk haha, as I had mentioned already if anyone has the key he can withdraw all the funds. More interestingly haha in reality people store Bitcoins for their hiers. I use to keep my keys mostly in a place and few of my family members know where. As you know haha Death is the reality and it can be on the head anytime.

Only that is indeed a way to pass on assets to heirs when we are gone, but I do things a little differently, not only giving keys but also providing understanding and knowledge about the Bitcoin investments that I have done, I hope they will have the same goal as me and one day they will be able to continue what I have been doing.
I can because my family members have grown up, and I think they deserve it.

I like how you emphasized sharing the knowledge and ensuring they have information about Bitcoin. Granted that you will be able to pass down your Bitcoin assets to your heir, it will all amount to nothing if they do not know how it works and how to make the best use of it. It will be wasted and all the hard-work you did for btc will be nothing to them if you do not share your knowledge as well.

Its recommendable but there are certain individuals which would really be having doubts on sharing up their wallets private keys while they are still living on the sense that they would really be able to have access on the time

that he/she would be deciding on telling them about those keys which it might really be that a selfish act but its totally true that not everyone would really be that confident on telling them so. Even myself havent decided on telling my wife about my wallets PK but in overall sense then it would really be just that right that you should really be telling them about the basic principles of crypto on how things works and how things to be retreived.
So the solution in my part would really be storing up instructions on my pc and the PK is located on a certain hard drive or usb or whatever offline things you could really be able to put on.
Once they do have that kind of awareness or knowledge, then accessing those coins wont really be that much of a problem.