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Author Topic: What does privacy mean to you?  (Read 1386 times)
Mpamaegbu
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December 10, 2024, 05:38:23 PM
 #21

Exactly as the title says, "What does privacy mean to you?"
In a broader sense, privacy means to hide ur stuff from roving eyes, hands and minds make dem for nor steal am.

Quote
How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?
Dem nor dey force "trust", na earn dem dey earn am like respect too. Again, make you do deep thinking. You go realize sey many people nor marry because dem love or trust d people wey dem dey married to but na necessity or "I must marry" make dem marry. So, couples like dat nor go fit respect and adore their spouses. To reveal secret to d other party go be dem like set dem dey waka naked for busy streets. Na so d thing be.

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December 10, 2024, 09:31:45 PM
Merited by Futurexxx (6), igebotz (4), AmaGold70 (3)
 #22

Logically as a wise man, knowing once u lost this key is gone for ever. You have to either write it down in your daily, is not necessarily to trust it with someone, its better you pen it down some. Your spouse or siblings can access in case of emergency. But if you have a trusted spouse or relative you can share it with him.
Sharing your private key with your spouse as well as your loved ones as you said should and may be done this way.
-Share it with spouse with less crypto knowledge so he/she wouldn't know what's in her possession.
-Share it with son and daughter and while teaching them how crypto and wallet works.
-Telling them to keep their mouth shut about the information given to them as that's the family reserved funds.

Sharing private keys to family will solely depends on your intentions and reasons behind, it's up to you.

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December 10, 2024, 10:30:31 PM
 #23

Exactly as the title says, "What does privacy mean to you?" Of course, a lot of us claim that we are privacy lovers and we support privacy, but to an extent, some people have taken privacy very seriously, which is one thing I commend very much.
 
I have been touring around this forum, and I see a lot of comments from some people regarding how careful they are with their assets (bitcoin); their seed phrases and private keys are so private to them that they do not share them with anyone, but that brought me to this question: Are people really aware of unforeseen circumstances? What if something happens to you? Who will be able to handle your assets when you're no longer there? and the question usually ends up with people speaking of inheritance and not the exact thing I wanted to hear.
For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?
 
How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?
 
Open discussion

The reason why people don't trust anyone to tell them about their private key is that people are not to be trusted, I know someone will die one day and it is very important to share your private things with people who are very close to you but sometimes we have to think about it, letting another person know that you have something important is very dangerous some people can even use the opportunity to find a way to make sure they end your life to inherit your property without letting anyone know about it.

Human beings are very difficult to trust, but as an investor, you must have who you will trust, people like mom, Dad and wife, these people are very important in someone's life and there will be one of them that you will trust, no one will want to die without not letting someone very close to them to know about them.

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December 11, 2024, 08:03:16 AM
 #24

The reason why people don't trust anyone to tell them about their private key is that people are not to be trusted, I know someone will die one day and it is very important to share your private things with people who are very close to you but sometimes we have to think about it, letting another person know that you have something important is very dangerous some people can even use the opportunity to find a way to make sure they end your life to inherit your property without letting anyone know about it.

Human beings are very difficult to trust, but as an investor, you must have who you will trust, people like mom, Dad and wife, these people are very important in someone's life and there will be one of them that you will trust, no one will want to die without not letting someone very close to them to know about them.
Everybody takes privacy differently. Some confide in family easily, while others may take longer time or don't. But considering life's unpredictability, it's important to think about who'll manage our assets when we're gone.

People who've worked hard for their Bitcoin understand its value and struggles. So they might hesitate to share their asset, keys, or seed phrases with others.

Also, one reason bitcoiners hesitate to confide in others is that they feel the other person might not understand or respect their privacy level. Like they might not be able to keep the info confidential enough

But not setting up a plan for our assets can lead to them being lost or taken over. I still think It's better to have someone know, even if they're not as passionate like you about Bitcoin. Find one person you trust, communicate how important your assets are, and have them manage them when you're gone.

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December 11, 2024, 03:03:07 PM
 #25

Exactly as the title says, "What does privacy mean to you?" Of course, a lot of us claim that we are privacy lovers and we support privacy, but to an extent, some people have taken privacy very seriously, which is one thing I commend very much. 

Once you declare yourself as a bitcoin holder, then you become part of the community that are mindful of decentralization, then the way you handle your holding and the kind of wallet you're using will also determine if you're privacy conscious or not, for instance, some have the understanding of using a particular wallet for privacy sake than using a centralized exchange, same also applies to other things we do that have to do with maintaining our level of privacy from a third party entity.

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December 11, 2024, 03:40:37 PM
 #26

You have raised an important point, it is really important to think about who should be our heir in case of an accident and we have key or other important sites and who should I decide. I think it would be fair to choose someone like a wife or child as our heir, or a trusted and trusted friend or brother. But it depends on how they try not to misuse those keys while you are alive. However, sometimes if your wife or children are not available, it can be transferred to a trusted friend so that he can transfer those assets to the appropriate heirs in your absence.

Logically speaking, only you yourself can be your substitute and no one else can be your substitute. For example, if you are not there, no one can use your ID as your substitute on a Bitcoin forum because your writing style and understanding of knowledge will be very different from that substitute.

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December 11, 2024, 04:35:44 PM
 #27

These days lots of things happen and many of them are from people we list expect such from hence peoples privacy approach towards their assets or anything that pertains or belongs to them. It is not bad if one keeps their assets private as it relates to bitcoin and as a matter of fact, the reasons why we have private key and as the name implies private key which means it is private thing to you alone because it holds valuable assets that belongs to you which you ought to be careful with. However, as humans, in as much as we are that private, it is good we have somebody we could trust with information to be a secrete. That people should be your close confidant whom you share things with in common and can not betray your trust. One thing I have always say about such people is that they should be people with conscience and integrity that would think twice before acting.
When we grow older, then the need to find someone to entrust some state of our wealth will be prioritized, it will become known to us the reason for this. An other scenario is, if one go through near death situation or has a sudden illness there will be need for this. Although sometimes, it may be difficult for one to find who to entrust especially maybe they failed them in the past, this will even make things more difficult but I can say majority will have no choice than to find someone to inherit it or maybe used it for societal support except sudden death comes.

Logically as a wise man, knowing once u lost this key is gone for ever. You have to either write it down in your daily, is not necessarily to trust it with someone, its better you pen it down some. Your spouse or siblings can access in case of emergency. But if you have a trusted spouse or relative you can share it with him.
Sharing your private key with your spouse as well as your loved ones as you said should and may be done this way.
-Share it with spouse with less crypto knowledge so he/she wouldn't know what's in her possession.
-Share it with son and daughter and while teaching them how crypto and wallet works.
-Telling them to keep their mouth shut about the information given to them as that's the family reserved funds.
While teaching your kids about this, I think it's better not to tell them until they are knowledgeable about the need for privacy because there is an high tendency of them speaking about it out excitement. Also it's important that anyone you are sharing this information with needs to have a sense of responsibility in all these areas, in order not to fall into any scam or speaking to the wrong person and this include your spouse.

 
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December 11, 2024, 05:33:29 PM
 #28

We don discuss this thing wella, both for local board here and for the Engish board, bitcoin no dey centralized, so e dey hard to pass am down to your heirs. You no go blame people wey never ready to tell any of their family where dem go get their seed phrase if they are no more, e no go make sense say you lose your coins when you dey alive, only because you been dey make plans for when you are gone. My advice na to allow people do wetin dem wan do, prioritize the security of your coins when you are alive oh.

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December 11, 2024, 06:39:57 PM
 #29

Exactly as the title says, "What does privacy mean to you?" Of course, a lot of us claim that we are privacy lovers and we support privacy, but to an extent, some people have taken privacy very seriously, which is one thing I commend very much.
 
I have been touring around this forum, and I see a lot of comments from some people regarding how careful they are with their assets (bitcoin); their seed phrases and private keys are so private to them that they do not share them with anyone, but that brought me to this question: Are people really aware of unforeseen circumstances? What if something happens to you? Who will be able to handle your assets when you're no longer there? and the question usually ends up with people speaking of inheritance and not the exact thing I wanted to hear.
For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?
 
How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?
 
Open discussion

I have ask myself this same question once , but you can't blame them some people don't have someone they can easily trust imagine sharing your seed phrase with someone and the person endup running with your asset or kept it carelessly and some one else stole it , but the fact still remains that you need someone that you can trust because if one endup forgotten or losing the seed phrase or death stuff, There should be someone who can still access that asset because if not , all efforts may endup being in vain , but in finding that person you have to be careful in choosing who you trust with such crucial information.

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December 11, 2024, 08:26:43 PM
 #30

Exactly as the title says, "What does privacy mean to you?" Of course, a lot of us claim that we are privacy lovers and we support privacy, but to an extent, some people have taken privacy very seriously, which is one thing I commend very much.
 
I have been touring around this forum, and I see a lot of comments from some people regarding how careful they are with their assets (bitcoin); their seed phrases and private keys are so private to them that they do not share them with anyone, but that brought me to this question: Are people really aware of unforeseen circumstances? What if something happens to you? Who will be able to handle your assets when you're no longer there? and the question usually ends up with people speaking of inheritance and not the exact thing I wanted to hear.
For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?
 
How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?
 
Open discussion

Some people really have trust issues, no matter how close you are they will never tell someone anything that will lead them to touch their assets. Some individual might even tell you that you should wait for the day wey something bad will happen to them or the day they will be no more. Op, you asked better question because what if someone is no more and he or she do not trust anyone with their privacy key, does that mean all the assets is gone? That kind thought they always come my mind as well, because e go dey very hard for people to get access to the assets when they are no more there.

I don't know how some people take they take the private life that serious, because there must be someone we sincerely have to trust, regardless of how trust issues you may have had. It feels good that I don't have any troublesome siblings who make it necessary for me to keep everything about myself hidden from them. I don't see the point in hiding anything from my brothers because I have no idea waiting tomorrow may brings.

R


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December 11, 2024, 09:57:38 PM
 #31


How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent? 
Open discussion
We have lots of them, even hefty bank account owners who their intimate family has little or no knowledge of the funds in those banks, leaving everything at the mercy of their lawyers. When their lawyers are dishonest, they can collide with bank managers to swindle the funds since the family is not even aware such funds are owned by their family member. It is totally wrong.

Some people who have good quantity of bitcoin have died without anybody being able to recover their wallets or even know that they have such digital wealth, such are lost forever and it is quite a very big error. Satoshi calls it a contribution to the network, but it a terrible loss to the family concerned which could've been enriched and assisted with those funds upon the investor's demise.

At least a trusted family member should be in the know of your investments both in fiat, assets and crypto, you can do well to place it beyond their reach while you are alive, but it should be within their reach when you are gone so you don't labour in vain.

 
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December 11, 2024, 11:06:25 PM
 #32

This responds is contradicting because I am just wondering what who has access to my private keys will be thinking of me. Maybe wishing me death so as to inherit or take over assets. This maybe terrible because the risk is too much as who you trusts can betray you.
On the other side, I wonder if It is then preferable of maybe we die and our assets get stocked and dump making my wallet dormant be the best option? Of course not , he need to find a worthy trusted one to make this reveal but at no course should be be forced in to truats.
when I see comments like this from people it becomes so weird to me because I'm from a different background of training hence we do of have different perspectives of humans. having the mindset that someone who you trust is going to wish you death in other to acquire your assets is something I wouldn't expect to happen though we are in a cruel world where everything is now possible but at least the ones we call love ones are not supposed to be in this category of people.

I like the fact that your still have the convection that it's worth sharing in case you're under any circumstances that may not be able to upscale you one more time.


How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent? 
Open discussion
We have lots of them, even hefty bank account owners who their intimate family has little or no knowledge of the funds in those banks, leaving everything at the mercy of their lawyers. When their lawyers are dishonest, they can collide with bank managers to swindle the funds since the family is not even aware such funds are owned by their family member. It is totally wrong.
I agree with you 100 per cent and I think such mindset should be abolished, even though we love privacy, secrecy shouldn't be used in place of privacy. when you are supposed to do things with family knowledge you keep them to yourself and one day you're found no more and your whole assets is not inherited nor used for any tangible reason rather it has turned into a contribution to the network which you in your condition will have no awareness whatsoever it's used to do in the network.

And that's what brought me to still remind the community because we live in a part of the world where things can happen at anytime, life expectancy doesn't really work here that much so it's best we keep our love once close and give me knowledges that can keep them even you're not there.

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December 12, 2024, 08:39:39 AM
 #33


For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?
 

I understand say you dey talk as e suppose be concerning keeping our coins away from third party, yes. But at the same time we also need to consider looking the other side incase something go wrong like, in the case of death or person lose him memory and off course can't recognise things of the past. I don watch movies like that where person get accident and dey find am difficult to recognise people around am even their lovers. Na so the case fit also be when we just isolate our privacy regards to seed phrase or password from everyone.

We suppose look beyond sometimes and let people wey we fit trust know about the phrases or password to our wallets. Off course to trust no easy and couples too fit no dey live fine, so e go dey difficult in such instance. Worse worse, we fit get book where we dey write certain things like those password or email password down so that at all at all, person fit stumble on dem when we no dey again.

Death no dey give sign as things like this don happen plenty times with bank accounts. Some husband get plenty money for bank without the wife or children knowing about am and once death come everything don go except na grace of God wey dem fit take trace dem. Or person fit write will down and include those password.

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December 12, 2024, 01:52:14 PM
 #34

I don't support the idea of keeping your assets private from everyone including your spouse's or loved ones. We can all agree that keeping your seed phrases and passwords private are important but just like you asked what if something happens? If no one else knows all these it means that your assets would just be wasted because nobody would have access to them. Sharing these informations with people are very risky but you must make sure that they are people you trust. Privacy is very important to everyone but for the sake of having a back up plan share it with someone you can trust.

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December 12, 2024, 03:00:03 PM
 #35

Are people really aware of unforeseen circumstances? What if something happens to you? Who will be able to handle your assets when you're no longer there? and the question usually ends up with people speaking of inheritance and not the exact thing I wanted to hear.

You've a point from what you've said so far, but I think everyone has their own way of defining it. Maybe we are not longer discussing about privacy or private keys again, but Trust and personal relationships with close ones, because taking a look at what you've written, it's more of seeing/picturing who to entrust things with. Let me actually speak from a general view. I think at some point, some Bitcoin hodlers will end up telling a trusted person (doesn't have to be a family member by the way), while others won't. I think it's just a common practice for everyone to keep their private keys to themselves especially at that very early stage, but after sometime, few might see the need to inform a Trust party about it.

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December 12, 2024, 08:15:52 PM
 #36

Exactly as the title says, "What does privacy mean to you?" Of course, a lot of us claim that we are privacy lovers and we support privacy, but to an extent, some people have taken privacy very seriously, which is one thing I commend very much.
 
I have been touring around this forum, and I see a lot of comments from some people regarding how careful they are with their assets (bitcoin); their seed phrases and private keys are so private to them that they do not share them with anyone, but that brought me to this question: Are people really aware of unforeseen circumstances? What if something happens to you? Who will be able to handle your assets when you're no longer there? and the question usually ends up with people speaking of inheritance and not the exact thing I wanted to hear.
For instance, someone said he doesn't trust anyone to tell them his private key or anything close to his assets, but how do you all conceive this message?
 
How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?
 
Open discussion
Privacy, to me, means the right to control one's personal information and to have autonomy over how that information is shared and used.

More so, It encompasses the idea that individuals should have and  the ability to make decisions about some sensitive  aspects of their lives and how it's shared with others.

However it's advisable to share some Private life like our assets and confidential information Incase if the person is no more, for continuity.
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December 12, 2024, 09:09:14 PM
 #37

How can one be in a relationship (wife and children) if you cannot trust anyone in your family to the extent of telling them anything about your investment? This got me worried; hence I decided we should discuss it here. I know weird relationships exist, but is it to this extent?
 
Open discussion

I'm not married yet but I have live to understand how how marriage work in this century. Today's as they called it Genzes, the way they do their relationship nowadays is transactional which means money is involved in any relationship that you know whether it's true love or fake love, there will be a transaction in that relationship otherwise it will not last. You need money to spice it up no matter how good you are in it and this is why one has to be careful of how yiu share investment in your relationship.

I personally will share my investment plans with my wife but I will not tell her the exact amount so I can see every character in her, she wouldn't fake it and she wouldn't want to spice it up because of the money. It's better that way so as each day goes by, I will see their true character and as for the children, I wouldn't tell them even if I have it in their name, I will like to see the man in them and when he time is right, I will share them my ideas of investment that I have on ground.

R


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December 14, 2024, 06:28:10 PM
 #38

Before I share my opinion on this matter, let's look at the meaning of Privacy and Trust,with the help of a Cambridge dictionary.Privacy means someone's right to keep their personal matters and relationships secret while Trust means to believe that someone is good and honest and will not harm you, or that something is safe and reliable.
In the crypto space private keys and seed phrase are meant to be kept as a secret, people have different perspective in terms of not revealing their private keys and seed phrase to their loved ones.Most persons trust nobody but the funniest part of it is they don't trust themselves either.Keeping your asset credentials private doesn't stop you from telling your loved ones,most politicians have multiple investment and their wives and children aren't aware of them, don't you think that's more than a private life.Even if they aren't aware of all the investment at least one or two should be known by them.Life can be so unpredictable,no one would ever wish for the unavoidable to happen,so one can as well create awareness about Bitcoin to whoever he/she trust or if possible create a multi-sig wallets.

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December 16, 2024, 09:06:00 AM
 #39

This topic na very interesting topic and we don discuss am plenty times over the years way I don dey the forum and everybody dey always get different opinions on the matter. Trust na very big thing, to earn trust especially when it involve money no easy. I go say if you fit trust person enough to marry her, share your bed with am every night, let her cook your food without supervision and have your children, you suppose don build a level of trust with that person to fit involve them for your business and finances. Na my $0.02 be this on the topic.

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December 17, 2024, 01:57:16 AM
Merited by igebotz (2), Baki202 (2), knowngunman (1)
 #40

I don't support the idea of keeping your assets private from everyone including your spouse's or loved ones. We can all agree that keeping your seed phrases and passwords private are important but just like you asked what if something happens? If no one else knows all these it means that your assets would just be wasted because nobody would have access to them. Sharing these informations with people are very risky but you must make sure that they are people you trust. Privacy is very important to everyone but for the sake of having a back up plan share it with someone you can trust.


In nature, privacy is something you keep concealed from others. Keeping your items private is critical since many people are only waiting for opportunities to hurt you and gain access to your finances. However, in the times of crypto, you must keep your private key hidden from everybody. so that know one will have access to it. But they must find someone in whom you have complete faith with, such as your wife, children, or mother. And you must disclose your secret with them so that if anything happens to you, they will have access to your wallet when you are no longer more. But if you think you won't tell your loves once about what you are doing, I think you are just investing on something that you won't benefit from it for long and your people won't still get any benefit.

Nobody knows what will happen the next day, therefore you should choose one or two individuals in your life who you can absolutely trust, because you can't says that anyone in your life is untrustworthy is impossible. Op, I believe those who stated that they had not shared their private key with anyone were referring to friends and relatives. But they will undoubtedly share with their wife or children so that they may benefit from it one day, because can said your wife will touch your wallet while you are living.

Anything we are doing we need to be thinking wisely, so that we won't regret it. People are very difficult to truest sometimes because you won't know what they are  planning against you, and they will be smiling and respectfully to you, but when you are in a difficult conditions that is when you will notice a good person that you can share your things with and he will definitely keep it secret. And now that the country is not going smoothly like before anymore, you will see different people in life there goals is to just get money in any way and they can cheat you and run away. so is good to keep many things secrets in life because is very difficult to have trusted person that will keep your things Private without cheating.

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