Re:Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
by EGreg on Monday September 16, 2024 @07:46AM
(#41555065)
I recommend to everyone to take their 12 words, write em 3 times on a piece of paper, cut it into 9 pieces and hide them in places only you’d know
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Re:Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
by bhaak on Monday September 16, 2024 @08:16AM
(#41555262)
So nobody will be able to recover them if you are hit by a bus or develop dementia?
This problem is harder if you want to pass on your crypto after you can't use them anymore.
Re:Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
by EGreg on Monday September 16, 2024 @05:17PM
(#41561032)
That's exactly right
If you want to enable recovery, you should give ownership of things to smart contracts, which enable things like succession rules and a heatbeat checkin etc.
Public/private keys are not designed to solve that kind of governance problem.