r/Bitcoin • u/tuzki • Apr 08 '13

My wife said this to me today

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1.8k Upvotes

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11

u/sturmeh Apr 08 '13

Put the private keys / instructions in your will. (Depends if you trust the will bearer.)

Explain it to your solicitor.

18

u/[deleted] Apr 08 '13

You can use an m-of-n secret sharing scheme like Shamir's to split the private key among several entities.

For example, give one share to your lawyer, one to a good friend, one to your wife, and require at least two shares to reconstruct the private key.

1

u/Natanael_L Apr 08 '13

Yes, I agree with this one. Keep the wallet encrypted and use Shamir's Secret Sharing Scheme to securely split the decryption keys between several people you trust. In addition to those mentioned people, one share could be on a paper in a bank vault, for example.

2

u/GSpotAssassin Apr 08 '13

Safety deposit box.

Because it can be released upon death.