7 Comments
Jan 25, 2023Liked by Carl ₿ Menger

Nice educational post! I will try the washer & bolt right away what a genius idea! One of my favourite methods would be to burry the bolt&washer in the garden under a tree or something. Element resistant and no one knows where it is.

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Sounds good! Just make sure you write a Cover Letter in case of an emergency, otherwise your coins are lost.

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Jan 25, 2023Liked by Carl ₿ Menger

Next to writing down the seed phrase on metal, I think a nice alternative is to back up the hardware wallet and place it somewhere different.

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Hi Josef! Thanks for your comment. Yea indeed, there are a lot of valuable alternatives to store your Bitcoin private key.

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Jan 26, 2023Liked by Carl ₿ Menger

I was planning to inform my parents about the whole thing, and some informations on how to access funds if something happens to me. In BTC matters, I dont think there is any other more trustworthy person than ones parents.

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I fully agree. Talk about Bitcoin in general and if you got your Bitcoin emergency pack ready, walk them through step-by-step on how to access your Bitcoin. Just the basics. You don’t have to show them the private key yet, just where they will find them in case of emergency.

Maybe you got a trustworthy and good friend to provide some contact information in your cover letter, in case your parents got some questions. Just let them know, that they need to be very careful on who to show and who to let know.

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The 'problem' is if someone find you metal seed, he can get your bitcoin. Im still looking for ways to get this safer !

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