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How are people dealing with crypto/bitcoin inheritance? Dead man's switch (or euphemistically, "Google Inactive Account Manager") that emails inheritee(s) with
by cypherpunks01 9y ago
How are people dealing with crypto/bitcoin inheritance?
Dead man's switch (or euphemistically, "Google Inactive Account Manager") that emails inheritee(s) with instructions for retrieving encrypted keys from a safe deposit box or other location, along with password for decryption and distribution allocation?
Just giving private keys directly to your lawyer, sealed in your will, or encrypted with some type of challenge that only inheritees would know?
- gowld 9y agoa bitcoin private key is essentially a piece of gold bullionl Keep it locked up somewhere safe, and give the key to someone you trust.
- throwawayd98 9y agoHow have people always dealt with this? Wills and lawyers. Why is HN trying to (poorly) reinvent probate law? Yes, give the keys to your lawyer. Or, if you’re uncomfortable with that, open a safe deposit box and keep important documents there that your lawyer/family can access after you die.
- abecedarius 9y agoI'd expect https://en.wikipedia.org/wiki/Shamir%27s_Secret_Sharing https://en.wikipedia.org/wiki/Shamir%27s_Secret_Sharing to become the standard way, but I don't know how easy it is to set up yet among non-programmers.
- m-i-l 9y agoThere are a couple of cryptocurrency inheritance management startups: https://www.digipulse.io https://www.digipulse.io is up and running and https://safehaven.io https://safehaven.io at the pre-ICO stage. Disclaimer: I haven't researched thoroughly so I can't comment on how secure etc. these are.