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> How do you secure it, back it up, and bequeath it to people on your passing? Keep the private key, mnemonic, seed phrase, etc. only in your brain and perhaps
by kyboren 6y ago
> How do you secure it, back it up, and bequeath it to people on your passing?
Keep the private key, mnemonic, seed phrase, etc. only in your brain and perhaps your will, potentially split into pieces that are kept in the physical control of independent trusted entities.
> Don't those things cost time and actual money?
Time: yes. Actual money: perhaps, but that is not fundamentally required. For example, oral traditions are a time-honored means of transferring information to heirs.
Keep in mind we're talking about just 256 bits of information. You can scratch it on a rock and bury it in your back yard if you want.
- VikingCoder 6y agoGrant Imahara just died of a brain aneurysm. You can't count on whispering a password on your deathbed. Do you think a carved rock is safe and secure? https://en.wikipedia.org/wiki/2011_Joplin_tornado https://en.wikipedia.org/wiki/2011_Joplin_tornado
- shard 6y agoNot sure what your reference to the tornado was trying to point out. I could not find any references on the page to the tornado abrading away carved rock.
- VikingCoder 6y agoDoesn't need to abrade a rock, it merely needs to throw it through the air. Any time someone has "backups" that are all on one property, I think of large floods, fires, or tornadoes that can eradicate everything, or displace it all.
- shard 6y agoI suppose if you didn't bury it deep enough in your back yard, the tornado could pick it up and toss it. So then the question is what severity of events do you want to prepare for? Once-in-a-decade events? Once-in-a-century events? Or once-in-a-millenium events?