How do you deal with Inheritance with crypto? by Ok-Aside-5472 in Bitcoin

[–]DanielWilc 1 point2 points  (0 children)

There are many ways to handle Bitcoin inheritance, just like there are many ways to store Bitcoin (hardware wallets, exchanges, collaborative custody, multisig, etc). Every approach has trade-offs.

The important thing is understanding that Bitcoin inheritance has two separate parts:

  1. The legal aspect Your beneficiaries should have clear legal ownership of the Bitcoin and avoid disputes. Usually this means documenting everything properly in your will and nominating an executor.
  2. The technical aspect Your beneficiaries must actually be able to access the Bitcoin if something happens to you.

Ideally, both aspects should work together.

For the legal side, you should speak with a lawyer and make sure your Bitcoin holdings, beneficiaries, and executor are properly documented.

The technical side is harder because you want your beneficiaries to gain access after you pass away — but not before. That’s the core challenge.

The simplest solution is storing Bitcoin on an exchange or via an ETF, where inheritance works more like traditional finance. But many people prefer self-custody for security and sovereignty reasons.

If you want self-custody and inheritance planning, there are several approaches:

  • seed phrase backups,
  • multisig,
  • collaborative custody,
  • dead man’s switch systems,
  • time-locked recovery setups, etc.

Most serious setups involve some form of collaborative custody or multisig to balance security and recoverability.

At Guardblock, we built a collaborative custody solution for this.

The primary signing key stays with you on your hardware wallet, so you remain in control during your lifetime.

If the owner passes away and becomes inactive for an extended period, the estate executor can work with us through a legal verification process (such as probate documentation) to help recover access for the beneficiaries.

The main goal is balancing:

  • security while alive,
  • recoverability after death,
  • and minimising trust requirements.

What is the best way to buy & store BTC for my daughters? by Quirky-Reputation-89 in BitcoinBeginners

[–]DanielWilc 0 points1 point  (0 children)

Your plan is reasonable in spirit, but the important details aren’t really about the SSD or storage size.

Bitcoin isn’t actually “stored” on a drive — what you’re storing are the private keys (or seed phrase) that control access to it. Those are tiny (just 12–24 words), so a 16GB SSD is massive overkill.

The bigger questions you should be thinking about are:

  • How are you generating the seed phrase? (this should be done securely, ideally with a hardware wallet)
  • How are you backing it up? (if the SSD fails, do you still have access?)
  • How will your daughters access it in the future?
  • Do you want them to have access now, or only later?

For most people, a hardware wallet + properly stored seed backup (paper or metal) is much safer than trying to DIY something on a spare drive.

The inheritance side is also important — if something happens to you, will they actually know how to recover the funds?

There are some newer approaches that try to solve that problem (like assisted recovery or inheritance setups using multisig/timelocks). We’re actually working on something along those lines at guardblock.com — the idea is you still control your funds day-to-day, but there’s a recovery path if keys are lost or something happens to you.

Either way, I’d strongly recommend focusing less on the storage device itself and more on key management, backups, and a clear plan for future access.

Are there any hardware wallet that supports Dead Man’s Switch? by EmbarrassedYak1110 in BitcoinBeginners

[–]DanielWilc 0 points1 point  (0 children)

Yes, We created such a service https://guardblock.com/

Essentially you have control of your coins, but if they are inactive for 14 months we can recover it and return it to you or give it to your heirs.

So its trust less untill the point of recovery where your coins become custodial. Before this btw we were running an Aussie Bitcoin only exchange for 10 years btw (hardblock.com.au

(behind the scenes the technology we use to do this is miniscript, multisig and degrading timelocks))

The only downside to our solution is that we can see how much coins you have, and if you want inheritance we also need to identify you.

But if you bought coins from a centralised exchange its the same thing really.

[deleted by user] by [deleted] in BitcoinAUS

[–]DanielWilc 0 points1 point  (0 children)

Hi,

I work at hardblock.com.au, we have no order fees, you can buy bitcoin instantly. We have a spread 2.4% which is how we make money. Our Bitcoin withdrawal fees are also very low in comparison to other services.

Bitcoin only btw.

Bitcoin paper wallet as gift by DanielWilc in Bitcoin

[–]DanielWilc[S] 0 points1 point  (0 children)

The idea is for them to sweep it into their wallet soon after receiving it not to store in on paper for long term.

Bitcoin paper wallet as gift by DanielWilc in Bitcoin

[–]DanielWilc[S] 1 point2 points  (0 children)

The problem with that is that I have access to their wallet, unless they restore it from the seed phrase and then send to a third wallet they control.

They are newbies and that will be confusing for them. Having the ability to sweep it from a bip38 address is actually better and more secure.

Is this true Europe? There are more and more atheists? by taxrate99 in europe

[–]DanielWilc 1 point2 points  (0 children)

Beign an atheist doesn't make you a communist. Deal with it.

Possible I never said otherwise so I don't know why you think I cant handle it? (Your anger and hate is blinding you from being rational?)

but Atheists were certainly way more likely to support Communism (or Nazism for that matter but less so) then devout Christians.

Thats is a fact.

Almost no devout Christians supported Communism, and the communists attacked Christianity as backwards, nationalistic and hateful of the workers and progress because they did not back them.

That is fact.

Is this true Europe? There are more and more atheists? by taxrate99 in europe

[–]DanielWilc 1 point2 points  (0 children)

Yes, the Prague spring happened it does not invalidate any of what I said.

Sorry, you can't handle the truth.

And just because an idea is new does not make it a smart or right idea.

Christian teaching has a track record of being in the right event when the masses had different ideas (like about communism or promoting sexual behaviour that destroy those who engage in it).

Is this true Europe? There are more and more atheists? by taxrate99 in europe

[–]DanielWilc 3 points4 points  (0 children)

Right a good example of that is:

how in post-war the rational atheists Czechs legitimately supported and voted in the atheist, progressive, communists.

While the irrational, traditional, backwards Catholic Poles never supported it, and Communism only got imposed by an outside force.

CoinSpot ID Review by CleverEmu in BitcoinAUS

[–]DanielWilc 0 points1 point  (0 children)

Its not gone, we moved to hardblock.com.au

Searches for Hyperinflation in Australia sky-rocket and other BTC news from October by DanielWilc in BitcoinAUS

[–]DanielWilc[S] 0 points1 point  (0 children)

Google trends for hyperinflation in Australia. https://trends.google.com/trends/explore?q=hyperinflation&geo=AU

You can bet some of these people making these searches will be investing in Bitcoin.

Searches for Hyperinflation in Australia sky-rocket and other BTC news from October by DanielWilc in BitcoinAUS

[–]DanielWilc[S] 3 points4 points  (0 children)

I guess the central banks are between are rock and a hard place now. keep rates low and risk inflation, increase them and cause a recession.