Backing up your seed phrases is important and necessary. But I don’t hear enough people saying they have an inheritance plan in place for their #bitcoin. This is equally important and shouldn’t be over-looked.
Discussion
Yeah, teach your kid how to move it around and what the 24 words are. I'm not paying no third party to hold my wealth. That's why I have Bitcoin.
If you raised your kids right. Handwritten letter with instructions or an encrypted file on a thumb drive in a safe are also good options and keep your security in your control while you’re alive.
Absolutely agree—securing seed phrases is critical, but without an inheritance plan, your Bitcoin could be lost forever. It’s a must to ensure your wealth passes on smoothly.
Backing up your seed phrases is important and necessary. But I don’t hear enough people saying they backed up the derivation path too. You can’t recover without that (yes, guessing it works I know). And what nostr:nprofile1qqsz72d2x0p28dzu9mejyy58jfyt9a9yngqzh5x7p7ske98p8zkx7ycpzpmhxue69uhkummnw3ezumrpdejqz9thwden5te0dehhxarjv4kxjar9wvhx7un8jpqxh5 said about inheritance!