When people say it's too hard to write down 12 words
Discussion
The real challenge begin when having them in the brain 💪🧠
I really surprised myself by memorizing 24 pretty easily. Just takes trying a little.
Can they remember their address and social security number?
This is the most exhausting part about my 12 hour work days with normies. The level of stupidity, even amongst the wealthiest people in the world, is staggering. I have so many stories.
Storing large amounts of bitcoin is not trivial.
For example, what’s a way to store large amounts privately, securely and provide inheritance?
By privately, I mean only you know that you’re a bitcoiner.
Securely means safe from access from anyone other than yourself.
Inheritance means your bitcoin are received by your select heirs only when you die?
That is a challenge. Hardware wallet is still the best choice in my book, I would share your seed phrase with your children or person inheriting your wealth if you trust them and when they are old enough.
I also use unchained capital which is a incredible multisig service for inheritance management. nostr:npub1m6y9qq06c74trgs60ya320pgmhz6099grra5lw04akyuxvcz7lvq9ue2p9 can help you get signed up if you’re interested.
Yep, it’s a tough problem.
Hardware wallets breach privacy because they look like bitcoin / crypto devices and disclose to border guards that you’re holding something (for people who travel a lot and have no fixed base). IMHO for digital nomads it’s better to use ephemeral offline operating systems like tails.
Using a company like Unchained solves inheritance but breaches privacy because they are a honeypot and do KYC on their clients.
What they usually mean is that physical personal security is hard.
I had to open a business bank account last week and it took an hour and half. Had to fill out 10 pages of forms, fully dox myself and have a “personal banker” answer government questions for literally an hour.
Bitcoin is objectively much more efficient than fiat, in every comparable way.
You don’t even have to write it down lol
It's the uncertainty of their ability to keep those 12 words that's the issue.
Don’t tell the millions of people who have memorized the Quran word for word or whole sections of the Bible 🙄
Why not send via Gmail and putting the subject as “My BTC Wallet”?
😂
Try to spread it in a family of 4 with something like RAID 6... 2 failures possible. Adapt RAID level to corresponding amount of family members accordingly. 😁
#dark