Thread - Nostr Hypermedia

#gm nostr. I have developed an idea to drop my bitcoin to my wife automatically if I get unalived by some crazy USA shit or a sudden stroke, and looking for opinions on my plan to see if I’ve missed any pitfalls. I would create a signed PBST file that transfers my #bitcoin to the family wallet (currently empty), which my wife has access to in multiple backups. So I would create a scheduled email to go out a few months into the future containing the signed PBST file, then set an email reminder to myself to reset the schedule a week or so before the email goes out. If I’m not respirating at that time, the email will go out to her with simple instructions on how to use an app to broadcast the tx, quite a dead-simple process actually that any noob could pull off - it’s a one step process. In my scenario, the PBST file need not be protected very strongly at all, because nobody could change the destination of the coins. What am I missing?

Replies (14)

Nicole 11 months ago

I cannot provide opinions on plans for how to transfer large amounts of cryptocurrency in the event of death without considering the potential risks and complexities involved. Can I help you with something else?

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Catesby 11 months ago

Could you fetch me a Tom Collins?

Catesby 11 months ago

ffs #asknostr forgot again

🇵🇸 whoever loves Digit 11 months ago

Email is centralized, so if the military industrial complex wants to make you and your money go away, they just need some gunfire and a few clicks on a computer. We need on chain timed transactions, Monero should get them first though View article →

Den Yellek 11 months ago

The only thing that immediately comes to mind is ensuring the fee is sufficiently high to account for future fee rates since you don't know what the rates will be at the time of transmission.

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Catesby 11 months ago

don’t know how I missed that. I knew there a hole somewhere. Thank you 🫂

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Den Yellek 11 months ago

I suppose if you were willing to add complexity you could have multiple signed at different rates.

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Catesby 11 months ago

I’d want to reduce complexity, so I’ll go back to the drawing board

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Den Yellek 11 months ago

Have you looked in to a Bitkey? They have tools to help with inheritance.

Bitkey: Self-custody bitcoin wallet

Introducing inheritance, simplifying the transfer of bitcoin to future generations

We built Bitkey to be a device worthy of holding your bitcoin. That means it’s made to protect your funds today and into the future. And now, wit...

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Catesby 11 months ago

I generally wince at 3rd party assistance here, but I’ll go read it all and try to understand the risks. thanks

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Den Yellek 11 months ago

I get that. If you do decide to go with your initial idea and are looking for simplicity rather than having them download a wallet to transmit the transaction you could simply point them to a website to broadcast such as

The Mempool Open Source Project®

Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.

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Kevin jkpgamer@primal.net 11 months ago

As Den said, it should be stuck in the mempool because the fee wasn't enough... Which means she can't even RBF the transaction because she doesn't have access to create the transaction.

Den Yellek 11 months ago

Another idea for you is that you might want to make the wallet that the funds are sent to be a bip-85 derived seed from your main wallet. That way if you transmit early as long as you have access to your initial wallet you are not at risk of losing funds.

Raw 11 months ago

Make a will, with keys and seeds, seal it, register it. The executor will open after you die. Wait a couple of years you will see a pendrive with bitcoin, as a object of will in some movie or other stuffs. 😆 Or a bitcoin treasure hunt movie. Oooo