0 sats \ 0 replies \ @JeanLamine 6 Oct 2023 \ parent \ on: Baselayer bitcoin inheritance plan bitcoin
You are just adding other vectors of attack on the long term. And if you use bitcoin a lot you will most likely end up moving the coins around at some point and have nothing left in whatever instructions you gave.
Just use bip85 from your master key, give them the xpub / watch only and once they are old enough export the 12 so they can take custody.
We don't know the future, something bad could happen to bitcoin before the timelock is over and be left with unusable utxo.
The is the option to disable automatic on the fly channel creation in the configuration menu.
What you probably want to do is send yourself a large paiement to open a big channel, then return most of the funds to yourself to make room on that channel to recive paiements.
My reward splitting function is:
[Total.hashrate] / [ Home.hashrate ] * 100
Then I check with the decimals and round up.
Always use ridiculusly long pass phrases and back them up Well. Avoid saving them in the app/device. Cold storage has no need to act in a rush. Be creative and learn about bip85.
GENESIS