Really? are you sure it's a legit platform like Kraken or Revolut or a wallet stored on an airgapped computer only they have the keys to? or is it 'in' a dodgy website, showing them a number, that will charge them infinite fees when trying to withdraw, as part of a pig butchering scam?

Good for them if they are real and properly secured, but you may want to check everything and step in they haven't

Edit: I used to hate being the designated tech support for my family until over the last 4 years three close family members including my dad and my stepdad called me for advice in the middle of scammers pretending to be from their Bank's IT departments using high-pressure 'sales' tactics

[–] NinaPasadena@hexbear.net 22 points 2 days ago* (last edited 2 days ago) (2 children)

I can atleast say it's legit because the only reason my mom is into it is because she's a huge tech nerd. She seems to just think the Bitcoin white paper is really neat. Like she's always on about the cold storage wallets. Leaving me with their keys (a titanium plate stamped with numbers and letters) in case they die in a car accident and such.

So atleast confident not about to get pig butchered.

[–] ClathrateG@hexbear.net 21 points 2 days ago* (last edited 2 days ago)

Coolio, shouts out to Cypherpunk mom

[–] Tyrq@lemmy.dbzer0.com 15 points 2 days ago (1 children)

Sounds like it could be worse, but I still wouldn't hold it as a retirement plan

[–] NinaPasadena@hexbear.net 12 points 2 days ago

Basically ya

[–] Awoo@hexbear.net 6 points 2 days ago

but you may want to check everything and step in they haven't

The problem with this is if they have ANY involvement at all and something does go wrong later they're going to be on the hook for it whether it's actually their fault or not. I understand wanting to protect them... But it can go so fucking wrong and ruin your future relationship with them if it does. If it goes wrong and you're not involved you will still have a good relationship with them.