Quote from: Summer,69 on September 05, 2014, 02:17:49 PM

Quote from: GTA on September 05, 2014, 01:49:03 PM

Quote from: CokeCoin on September 05, 2014, 01:18:38 PM

Quote from: gonnafly on September 05, 2014, 12:42:11 PM

TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.

Not a huge number since most of the people giving "good" advice in this thread aren't holding more than a couple coins.

Not a single person saying "Well, I printed my thingy onto a metal wallet and then I bought a safe."
I think we're just securing a bit of money, not trying to trick Danny Ocean and his band of misfits.

I printed mine out on multiple paper wallets. I didn't want to have the entire block of coins all on one address.
The reason for this, in my mind, was that when I want to spend some, I wouldn't have to sweep the entire sum, then re-distribute once again. I have 3BTC here, 2BTC there, 1BTC there, there, there...you get the idea. It's a little more work, but if you're storing one somewhere, then why not store 5, or 6, or 12 paper wallets?

I have multiple copies of each wallet, paper and digital, and I have the passphrase in my head, (plus encrypted on USB that my wife can figure out if need be). I've also left detailed directions for her on how to de-crypt the private key once she has the passphrase (including the link to my post where I freaked out when first trying to access the private key).

This sounds like a complicated process to me. More so then it should be for storing (and using) your money. I like the idea of having multiple backups of your wallet, but not so much keeping various wallets with different amounts on each one.