before a “Bug-out” scenario,
— memorize a wallet’s seed-words…
then, in an emergency — when u need it,
you can recover your wallet
& have some BTC at your disposal.
Here’s one method — “How to memorize seed-words”
“bounty bitcoin” is
emergency BTC for your heirs & friends
to pay lawyers/ doctors/ private contractors/ etc…
How to
— simply give your trusted-friend some bitcoin !
this can turn the tables !…
like in that movie, “Ransom”
Here, I’m talking with Mad Bitcoins about “Bounty” Bitcoin
Regarding your trusted-friend,
— that person hodling your “bounty” BTC,
— and making decisions for you,
— or executing your will,
— and/or receiving your inheritance —
Give them all the support & education to
(at a minimum) — store, use and sell the BTC…
also, it motivates them to learn more about Bitcoin !
They should know your wishes
on common issues,
like burial preferences, inheritance & last wishes…
so, write a basic Will !
This is also a “character test”
for your friend HODLing the “bounty” bitcoin…
Simple theft, the only risk, is obvious & adjustable.
You can watch the wallet with Sentinel !…
also, “bounty” bitcoin
keeps your friends safer, too!
if they have an emergency, they can use it, too…
Simple plans & protocols can increase
the speed of emergency response !
Consider multi-sig for greater security,
but, slower response-time…
