So I’d like to ask the community how you have personally prepared for the possibility of loss? Do you have an inheritance plan? Have you implemented multisig or other secure fallback systems?
These are uncomfortable conversations, but they’re necessary because Bitcoin won’t forgive a mistake, even if life does.
I have not actually used any of the above methods to help secure my seed phrase but surely a way that best fits it is already in place. We don’t have to have same approach when it comes to safeguarding of our assets and making sure it’s been passed off to the right person when the original owner is no more. I know that all methods have their own backlogs but the best method out of them still remains that which you’re more confident it and know it will work for you best with minimal risk of losing your assets.
This discussions have been on for a long time now and every one do come with their best way to keep it safe with the most relying on one of those methods you’ve mentioned above while some still rely on other methods best known to them. Not keeping your seedphrase safe is like you never invested in bitcoin because when you lose your seedphrase, you’re at the verge of losing everything you’ve saved and invested into.