Edited ch11.asciidoc with Atlas code editor

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judymcconville@roadrunner.com 7 years ago
parent 7353793ff1
commit 25613a15d4

@ -69,7 +69,7 @@ Would you carry your entire net worth in cash in your wallet? Most people would
==== Survivability
((("survivability")))((("digital asset executors")))One important security consideration that is often overlooked is availability, especially in the context of incapacity or death of the key holder. Bitcoin users are told to use complex passwords and keep their keys secure and private, not sharing them with anyone. Unfortunately, that practice makes it almost impossible for the user's family to recover any funds if the user is not available to unlock them. In most cases, in fact, the families of bitcoin users might be completely unaware of the existence of the bitcoin funds.
((("survivability")))((("digital asset executors")))((("passwords", "survivability and")))((("security", "passwords")))One important security consideration that is often overlooked is availability, especially in the context of incapacity or death of the key holder. Bitcoin users are told to use complex passwords and keep their keys secure and private, not sharing them with anyone. Unfortunately, that practice makes it almost impossible for the user's family to recover any funds if the user is not available to unlock them. In most cases, in fact, the families of bitcoin users might be completely unaware of the existence of the bitcoin funds.
If you have a lot of bitcoin, you should consider sharing access details with a trusted relative or lawyer. A more complex survivability scheme can be set up with multi-signature access and estate planning through a lawyer specialized as a "digital asset executor."((("", startref="Suser11")))((("", startref="UCsecurity11")))

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