Topic: Bitcoin and Heritage - page 2. (Read 2222 times)
Try earning by yourself instead of waiting someone to die and be an heritance of his wealth.Its better if the wealth with you is truly yours that you worked for it.But still maybe bitcoin and heritage system will not be able to work in bitcoins there are bitcoin users who is very secured that even his closest relatives dont know his social accounts and some wallets
Normally, after the person is kill, the wealth remains with the family. It is easy to share assets such as houses and cars. But what if the property of the person is bitcoin? What if the deceased person is not saying the seed words?
What solution can be applied to this?
What solution can be applied to this?
The solution is proper estate planning. You have identified the issue, now make sure your family members can get the seed in case of your death.
If you miss that out, your coins are lost for ever and the bitcoins held by everybody else goes up slightly in value.
Normally, after the person is kill, the wealth remains with the family. It is easy to share assets such as houses and cars. But what if the property of the person is bitcoin? What if the deceased person is not saying the seed words?
What solution can be applied to this?
What solution can be applied to this?
the solution is pretty simple, you leave the private keys, seed, encryption password you used in your will written for your family.
then when you died they open up your will, read it and they can recover the coins to use.
p.s. that is assuming you have a will and your will is not going to be opened before you die.
but sometimes there are a few people who do not do such thing. it will be difficult to get that bitcoin.
or you also can give private keys, seed and encryption password to one of member of your family or two. and choose the trusted ones.
Normally, after the person is kill, the wealth remains with the family. It is easy to share assets such as houses and cars. But what if the property of the person is bitcoin? What if the deceased person is not saying the seed words?
What solution can be applied to this?
What solution can be applied to this?
the solution is pretty simple, you leave the private keys, seed, encryption password you used in your will written for your family.
then when you died they open up your will, read it and they can recover the coins to use.
p.s. that is assuming you have a will and your will is not going to be opened before you die.
So I guess the answer is everyone must left some clues or even tell someone closed to them about their bitcoin wealth and how to access it. Probably the only way it will be used after they are gone.
Solution is earning with you own head instead of waiting when your family member will die.
You will get the bitcoins only if you will know private key or seed words.
You will get the bitcoins only if you will know private key or seed words.
That is a little harsh. He is just asking.
You need something like a clue maybe. That is one hell of a hard problem. Now that I thought of it maybe I need to leave some notes for my wife in case that happen. Thank you for reminding that.
I dont think there is a way and that is also one more reason why bitcoin will be rare in the future.
Solution is earning with you own head instead of waiting when your family member will die.
You will get the bitcoins only if you will know private key or seed words.
You will get the bitcoins only if you will know private key or seed words.
Normally, after the person is kill, the wealth remains with the family. It is easy to share assets such as houses and cars. But what if the property of the person is bitcoin? What if the deceased person is not saying the seed words?
What solution can be applied to this?
What solution can be applied to this?
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