My favorite was 2-of-3 multisig
2 keys geographically seperated and 1 key encrypted with AES on final message(unfortunately, no longer available )
The AES decryption key goes to your next of kin. 12 BIP39words punched into a seed plate. I prefer this because it's easy to destroy if I ever need to, but this is subjective and I realize one could argue against this.
It's important to make it difficult to spend your deep cold storage. The longer it takes to spend the better.
That's why I liked Final Message. $50 paid in sats locked up thatessage for a year. Add another $50 it woukd take you two years to spend.
The Cold Card timers are interesting, but it's not practical to keep it plugged into a 9v battery for a year. The Q is better, but I don't think that would work either.
I am currently experimenting with time locked safes that can only be accessed for a narrow window of time, but I don't have a good solution yet. I think PINS on something simmilar to Final Message. The batteries need to be replaced and it's a good idea to keep a backup key.
Maybe we need Bitcoiner Safe deposit boxes with time-locks built by cypherpunks.
I don't have all the answers but it's important to think about this stuff before bitcoin becomes worth $10,000,000 per coin.
Marc26z
npub1ma…tf3g0
2025-03-06 13:51:57
in reply to nevent1q…lsys
Author Public Key
npub1marc26z8nh3xkj5rcx7ufkatvx6ueqhp5vfw9v5teq26z254renshtf3g0Published at
2025-03-06 13:51:57Event JSON
{
"id": "026cf4b50d9b49cba875e0e285ea435669b4962b709e0fb8d94b6a6e11750a48",
"pubkey": "df478568479de26b4a83c1bdc4dbab61b5cc82e1a312e2b28bc815a12a951e67",
"created_at": 1741269117,
"kind": 1,
"tags": [
[
"p",
"b7ed68b062de6b4a12e51fd5285c1e1e0ed0e5128cda93ab11b4150b55ed32fc"
],
[
"e",
"7738b3202f37f5bfc84a8804ba474b5fdbd53fa601eafc6ff215ec9fbe21c5fe",
"wss://nostr.einundzwanzig.space",
"root",
"b7ed68b062de6b4a12e51fd5285c1e1e0ed0e5128cda93ab11b4150b55ed32fc"
]
],
"content": "My favorite was 2-of-3 multisig\n2 keys geographically seperated and 1 key encrypted with AES on final message(unfortunately, no longer available )\n\nThe AES decryption key goes to your next of kin. 12 BIP39words punched into a seed plate. I prefer this because it's easy to destroy if I ever need to, but this is subjective and I realize one could argue against this.\n\nIt's important to make it difficult to spend your deep cold storage. The longer it takes to spend the better.\n\nThat's why I liked Final Message. $50 paid in sats locked up thatessage for a year. Add another $50 it woukd take you two years to spend.\n\nThe Cold Card timers are interesting, but it's not practical to keep it plugged into a 9v battery for a year. The Q is better, but I don't think that would work either. \n\nI am currently experimenting with time locked safes that can only be accessed for a narrow window of time, but I don't have a good solution yet. I think PINS on something simmilar to Final Message. The batteries need to be replaced and it's a good idea to keep a backup key.\n\nMaybe we need Bitcoiner Safe deposit boxes with time-locks built by cypherpunks.\n\nI don't have all the answers but it's important to think about this stuff before bitcoin becomes worth $10,000,000 per coin.\n\n\n",
"sig": "009ddd567198635562c91be31fe872945e4cb0032ca0117cda109f1f8235d43ac685d3e63edf069d735010bfb235d6dd6922fd891e3d27020ae08c1cae28d88f"
}