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But Crypto currencies are not immune to hyperinflation. And you may lose your key which is worse than having a currency of depreciating weight.
by ejanus 9y ago
But Crypto currencies are not immune to hyperinflation. And you may lose your key which is worse than having a currency of depreciating weight.
- jjallen 9y agoKeys are still easier to store and harder to confiscate than chunks of gold or fiat are. Can memorize them (worst case), store paper or tiny sd card in sock or shoe if afraid of it being confiscated or perhaps email it to you. Or tell part of it to different family members.
- Fnoord 9y agoI think the correct setup is have three BTC accounts: 0) One for plausible deniability. You give this one away whilst under extreme pressure (torture). 1) For small expenses. This key you know yourself, in your head. Don't mix it up with #0. You could merge #0 and #1 if you feel relatively safe. 2) Savings. This key you give to multiple escrows.