BitKey Inheritance Deep Dive
Bitkey: Self-custody bitcoin wallet
Bitkey’s inheritance feature: A technical deep dive
Bitkey’s inheritance feature makes it easy and secure for benefactors to not only pass on bitcoin to a friend or loved one, but to also give bene...
The blog post outlines the BitKey inheritance process, which involves a specific setup—including the use of BitKey hardware—and a mandatory waiting period before the beneficiary can access the funds.
This arrangement is effective for beneficiaries who are familiar with Bitcoin. However, many Bitcoin enthusiasts may have heirs who lack the same enthusiasm for the cryptocurrency.
An estate lawyer noted that he has only encountered one instance where an heir successfully produced a key to a safe deposit box entrusted to them, implying that such heirs might struggle with the process.
For those Bitcoiners, a different inheritance setup might be more appropriate.
Planning to withdraw cash in Spain? You could now face a €150,000 fine
Euro Weekly News
Spain: €150k fines for cash withdrawals
Spain enforces strict rules on large cash withdrawals, with fines reaching up to €150,000 for failure to notify tax authorities
In Spain, withdrawing €3,000 or more from a bank now requires prior notification to the tax agency. For amounts of €100,000 or above, you must provide at least 72 hours’ notice, while withdrawals exceeding €3,000 but below €100,000 need 24 hours’ notification.
This adds a layer of complexity, as the fiat currency in your bank account isn’t truly yours—you effectively require permission to access it. Moreover, this currency is steadily losing value, devaluing like a melting ice cube while held in the account.
Non-compliance with these notification rules can result in fines ranging from 1 percent to 10 percent of the withdrawn amount, starting at €600 and potentially escalating to €150,000, depending on the violation’s severity.
Banks are obligated to block withdrawals if documentation is incomplete and must report suspicious transactions to authorities, including repeated withdrawals just below the threshold.
These measures highlight the restricted control individuals have over their own funds, compounded by the ongoing erosion of the currency’s purchasing power.
You require permission to use or spend the fiat currency in your bank account!
GM #plebchain, stay humble, stack bits/sats, focus on these virtues
Courage, Justice, Temperance, Wisdom, and think for yourself.
"Today, I will meet whatever comes my way with equanimity and indifference, for it is not the events that disturb me, but my judgment of them."
The United States will continue to thrive as a free society, anchored by its Constitution, with Bitcoin playing a pivotal role as a decentralized, digital store of value that reinforces economic liberty.
Bitcoin’s unique properties—It's fixed supply, censorship resistance, and ability to facilitate transactions across borders—make it a robust medium of exchange, capable of bypassing traditional financial gatekeepers.
Over time, as adoption grows and volatility stabilizes, Bitcoin has the potential to evolve into a global unit of account, enabling individuals and nations to transact and measure value without reliance on inflationary fiat currencies.
This aligns with the principles of individual sovereignty and limited government enshrined in the Constitution, fostering a financial system that empowers people over institutions.
This where we are
GM #plebchain, stay humble, stack bits/sats, focus on these virtues
Courage, Justice, Temperance, Wisdom, and think for yourself.
"Rise with purpose, face the day with courage, and let reason guide your actions."
Compact, modular fusion reactors that fit in shipping containers could meet global energy needs for communities large and small.
GM #plebchain, stay humble, stack bits/sats, focus on these virtues
Courage, Justice, Temperance, Wisdom, and think for yourself.
You have power over your mind—not outside events. Realize this, and you will find strength.
Sound mind
Sound money
A Bitcoin Rush not a Gold Rush Vintage Edition Minted Class of 2011
The United States is likely to introduce a Bitcoin-backed bond, termed a “Bit-bond,” which will be integrated into the US Treasury bond lineup.
As a result, US Treasury Bills (T-Bills) will be supported by Bitcoin, often described as “digital sound money.” Regulated companies based in the US will purchase these T-Bills to underpin the USDT stablecoin, issued by Tether.
This stablecoin will continue to be widely used globally, driving demand without the need for Know Your Customer (KYC) procedures.
Consequently, Tether (USDT) is expected to remain a dominant force in global liquidity reserves, surpassing the demand and value of a potential BRICS+ coin—a Central Bank Digital Currency (CBDC) that will require KYC and be backed by traditional physical gold.
GM #plebchain, stay humble, stack bits/sats, focus on these virtues
Courage, Justice, Temperance, Wisdom, and think for yourself.
With God's grace, I will strive to live this day with faith, wisdom, and resilience.
How awesome is this? UAE Bank Ruya just made history as the first Islamic bank to let customers buy Bitcoin (#BTC)—and it’s a total game-changer! 🙌
They’re saying BTC fits right in with “ethical Islamic financial principles,” which is huge because Islamic banking follows strict Sharia rules (no interest, no shady businesses).
If Bitcoin can pass that test, it’s like a massive stamp of approval!
Its just a matter of time before all banks, whether big national ones or small local ones, jump on board. Imagine a world where you can hold Bitcoin and swap it for local cash to pay for stuff or get paid, all super easy.
This could be the start of something massive, like Bitcoin sneaking into the mainstream one bank at a time.
Who’s ready to grab a coffee with BTC? ☕🚀
A decade ago, you could purchase a quality Linux laptop with just three Bitcoins.
Today, a polo shirt can be yours for 50,000 satoshis (that’s 0.0005 BTC). Looking ahead two years, that same 50,000 satoshis might hold enough value to secure a two-bedroom, two-bathroom home.
Bitcoin functions as a rare digital asset on the internet, divisible down to the eighth decimal place, enabling precise and flexible transactions.
Take a moment to absorb that.
GM #plebchain, stay humble, stack bits/sats, focus on these virtues
Courage, Justice, Temperance, Wisdom, and think for yourself.
Rise with gratitude, for God's grace is new each morning; face the day with courage, trusting His strength to guide your steps.
GM #plebchain, stay humble, stack bits/sats, focus on these virtues
Courage, Justice, Temperance, Wisdom, and think for yourself.
Control what you can, release what you can’t. As Marcus Aurelius said, “You have power over your mind—not outside events. Realize this, and you will find strength.” Start your day focusing on your actions, thoughts, and responses—nothing else.
Cyberattack Knocks Texas City’s Systems Offline
The city of Abilene, Texas, is scrambling to restore systems that have been taken offline in response to a cyberattack.
This incident underscores the fragility of legacy IT systems, such as those running outdated MS Windows versions, which are prone to exploitation due to infrequent updates and resistance to modern security practices among IT staff and management.
SecurityWeek
Cyberattack Knocks Texas City’s Systems Offline
The city of Abilene, Texas, is scrambling to restore systems that have been taken offline in response to a cyberattack.
As ransomware attacks increasingly target vulnerable legacy IT systems, organizations like Abilene must prioritize upgrading their infrastructure to counter these evolving threats.
Adopting 21st-century security innovations, such as decentralized and cryptographically robust frameworks inspired by Bitcoin’s design—featuring transparency, immutability, and resilience against single points of failure—can significantly bolster defenses.
Moving away from archaic platforms like outdated MS Windows requires overcoming institutional reluctance to change, fostering a proactive culture of regular updates, and aligning with contemporary cybersecurity standards to ensure long-term protection against sophisticated cyberattacks.
