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In case you go kaput?
I haven't done so yet, but I'm gonna teach my wife and daughter how to use the hardware wallet today. I may teach them how to use a recovery seed later down the road.
I haven't experimented with any fancy multisig setups or inheritance configurations yet. I'm still a noob in that regard.
132 sats \ 3 replies \ @siggy47 17h
Neither my wife nor daughter seem interested in the least, but I'll keep trying.
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Don't they at least see the importance of knowing how to access it if you're gone?
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44 sats \ 1 reply \ @siggy47 17h
Yes, until I try to sit them down and pay attention.
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If they cannot be bothered to learn, leave your stack access to someone who does.
Of my entire family and social network only three people are Bitcoiners (one who first told me about Bitcoin) ... it is depressing how few people understand its importance to freedom- are we in the west too complacent? I believe many are.
The banks have such a hold on the narrative and political process that the majority of people do not see they are being farmed.
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121 sats \ 0 replies \ @carter 16h
My wife's dad just died and had done no estate planning so now she wants me to give her all the passwords to the crypto accounts
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92 sats \ 0 replies \ @Akg10s3 16h
I've been fighting with my wife for half a year now!! Why would she take the pill? She's only recently begun to accept and understand the value of Bitcoin!! But I still need to teach her more!!
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120 sats \ 0 replies \ @Aardvark 17h
I've done my best with my wife, but I think she has a ways to go. I'm confident that between her and my brother, they can figure it out.
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My wife was the first person, I taught
  1. What Bitcoin is
  2. How to use Bitcoin
  3. How to avoid all the confusion, and focus on Bitcoin only.
And I'm glad she knows how fiat has has ruined everything, and is the solution
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30 sats \ 0 replies \ @anon 13h
Good job!
This is important .. and becomes moreso as the value of your bitcoin increases. As a starting point, one other useful thing to do, if or when you have one, is to introduce your trusted bitcoin mate to your wife and daughter so they know who to reach out to for help if you go kaput! Post-kaput grieving for them isn't a time for clear, rational thinking, or recalling careful conversations that you're starting to have now. Having a trusted friend they can reach out to can be helpful for when they're ready.
And hopefully, this is many decades away! But! Good job on the forward planning :-)
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Very important task!
Testnet is a great tool for teaching others.
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30 sats \ 0 replies \ @kepford 16h
Yep, but I could do more. IMO you need to use it to the point that it isn't scary and that takes a lot more time.
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My most trusted person already knows how to get my wallet back from the seed phrase. They're not even into Bitcoin, but I told 'em not to trust anyone else to do it.
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I have a brother that can figure out tech things thankfully.
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30 sats \ 1 reply \ @Scoresby 16h
my wife has done a few onchain transactions.
I made her do a full wallet recovery from backups and it did not go well.
kids love zapping on nostr and SN, and we've done a wallet backup practice with seed words.
That's about as far as the family wants to go, so far.
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Being comfortable with on-chain transactions is a great start, knowing how to restore a wallet from seed phrase is even better.
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Yes to my sister's husband @BitcoinAbhi who's also my friend, if you consider him to be a kin.
My wife isn't at all interested, nor does she possess skill to learn the technology.
Yes, my brother knows everything about my stack, including the keys.
I haven't experimented with any fancy multisig setups or inheritance configurations yet. I'm still a noob in that regard.
I too. But I think it's not a big deal.
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Hahaha, I think my 3-year-old son will understand how to use a wallet before my wife... The poor thing doesn't even know how to use a debit card properly, and the bank app seems like science fiction to her.
Sometimes I think explaining how a 12-word seed works would be easier than getting her to remember her ATM PIN. But anyway, let's take it step by step... first I teach her that money doesn't live inside the phone. Then we move on to Sats hahahhahahahaha
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0 sats \ 0 replies \ @398ja 3h
"I've heard bitcoin went down again, why don't you sell now, before it's too late? You've held it for so long already..." šŸ™‚ā€ā†•ļø
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0 sats \ 0 replies \ @flat24 8h
I find myself in a similar situation.
I already showed them how to use lightning. And I am unintentive to teach my wife how to use on-chain. Also about how I have private keys encrypted. (In case something happens, they can access the money)
I am also a rookie, and we still have to practice with multiforms, wallet hardware and more advanced details. (We keep learning without stopping a single day)
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.