SAFE DEPOSIT BOXES ARE NOT SAFE. THEY OFTEN GET DRILLED.
IF YOU MUST USE A SAFE DEPOSIT BOX KEEP A COLDCARD IN THERE RATHER THAN STEEL PLATE SO IT IS PROTECTED BY A PIN AT LEAST.
OR USE A PASSPHRASE. OR USE MULTISIG.
BUT IN ALL SITUATIONS ASSUME THE SAFE DEPOSIT BOX WILL BE COMPROMISED AND MITIGATE THAT RISK.
AS FOR TRUST SETUP, I LIKE MULTISIG BEST. GIVES YOU A LOT OF FLEXIBILITY.
EX: YOU HOLD TWO KEYS, HEIR HOLDS ONE, LAWYER HOLDS ONE - HEIR AND LAWYER WOULD HAVE TO COLLUDE TO SPEND FUNDS - IF BOTH LOSE KEYS YOU CAN STILL MOVE FUNDS.
ODELL
npub1qn…w95gx
2024-10-26 17:38:48
in reply to nevent1q…gf9u
Author Public Key
npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gxPublished at
2024-10-26 17:38:48Event JSON
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"content": "SAFE DEPOSIT BOXES ARE NOT SAFE. THEY OFTEN GET DRILLED.\n\nIF YOU MUST USE A SAFE DEPOSIT BOX KEEP A COLDCARD IN THERE RATHER THAN STEEL PLATE SO IT IS PROTECTED BY A PIN AT LEAST.\n\nOR USE A PASSPHRASE. OR USE MULTISIG.\n\nBUT IN ALL SITUATIONS ASSUME THE SAFE DEPOSIT BOX WILL BE COMPROMISED AND MITIGATE THAT RISK.\n\nAS FOR TRUST SETUP, I LIKE MULTISIG BEST. GIVES YOU A LOT OF FLEXIBILITY. \n\nEX: YOU HOLD TWO KEYS, HEIR HOLDS ONE, LAWYER HOLDS ONE - HEIR AND LAWYER WOULD HAVE TO COLLUDE TO SPEND FUNDS - IF BOTH LOSE KEYS YOU CAN STILL MOVE FUNDS.",
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