Crypto After Death? - page 11. | Bitcointalksearch.org

Cryptuenza

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Quote from: topkhai on October 11, 2018, 07:06:19 AM

The best solution now is that we can share account access to the closest person or who can be trusted. Maybe that's what we can do

Yes sure we have to do that, we could have an accident or just die by heart attack or something else and all our crypto assets would be lost! I personally wrote some sheets of paper full of information about my assets, my parents will sure find it if I will die.

topkhai

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Your crypto assets will be buried with you because there are no rules governing asset ownership. The best solution now is that we can share account access to the closest person or who can be trusted. Maybe that's what we can do

indrakusumaindra

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The Standard Protocol - Solving Inflation

Quote from: Kelvinovie2 on October 05, 2018, 09:51:13 AM

Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?

Well its true but i believe there is should be a way and an education about to share the password into someone that related close to your family or maybe there will be a way for the coins issuer to move the money by using smart contract and the only to redeem the money is by using death certificate and i do think its possible to do.

yapa ve yalniz

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also i made investments for the future of my family. I put my binance account password in my cash register. I'm sure they'il find the paper if I die. of course, then the binance still continues Wink

jackylion

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Buy, sell and store real cryptocurrencies

I think we should not hold it so long, or you should leave the will to anyone in the house, so after death you are assured that someone will inherit your property. But sell them when you can.

Minusha

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Quote from: soulripper on October 07, 2018, 01:45:20 PM

I keep my portfolio in my book. Every private key i write in the book so if anything happen to me i told my wife to look at the book.

It's a very good idea I think! Do you mean a real book from paper or a kind of digital book? I wrote something like a letter for my man if something happend to me, but without keys, just with information where he can find keys.

Holla123

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Quote from: Kelvinovie2 on October 05, 2018, 09:51:13 AM

Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?

It is a fair point. Not many people do even know, what a nanoledger is. I could clearly imagine a lot of crypto getting lost in that scenario. The same happens with fiat money too. For example, money that was moved to Switzerland for whatever reason. Many times the family does not know where the money is. The Swiss banks just keep it, if it is not claimed for a couple of years. Grin

The bank always wins.

yayat

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Quote from: MP_SI on October 05, 2018, 10:37:35 AM

Well IO hope that tokens are decentralised to heaven and hell - this would be decentralisation in it's essence!

LOL.

That is why now the Exchange must use KYC because we can (Exchange) know who owns the account.
I also have a brother who I entrusted when I died, there is also a Google Authy to enter the Exchange and identify all the codes in my notebook.

Kelvinovie2

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Activity: 168

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Quote from: cryptogeek101 on October 10, 2018, 01:35:57 AM

Quote from: Kelvinovie2 on October 05, 2018, 09:51:13 AM

Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?

This is a very wonderful advice you are giving us, it's quite important we make provision for the safety of our crypto savings and funds after our death by telling our beloved ones some of our accounts secret information. Thanks

I just wanted to create awareness about the danger of being greedy with information, I think it's best if we learn to share some vital information to some of our trusted parties, because once we die those information we have acquired and didn't share becomes useless and worthless.

cryptogeek101

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homt.net

Quote from: Kelvinovie2 on October 05, 2018, 09:51:13 AM

Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?

This is a very wonderful advice you are giving us, it's quite important we make provision for the safety of our crypto savings and funds after our death by telling our beloved ones some of our accounts secret information. Thanks

Cedrick

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Eloncoin.org - Mars, here we come!

Crypto is the same as money, we can't bring it when we left this world. We ahould let pur families know when thwy can find the private keys so when something happen to us, they can retrieve it and use our asset to take care of themselves. If the private keys are not given, our coin will just stay there and will not be part of the circulation It's that simple.

castiloros

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Crypto will remain inside the wallet no greetings that can be opened with a private key. Perhaps it would be better if at least told one of the men in the family is deemed unable to inherit the crypto. It would be better than silence only assets in the wallet.

sherwinsamsung

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Activity: 201

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GPTCash Weekly Airdrop: https://discord.gg/cujJP4k

when a person dies and his private keys are not given to his descendants or partners, then the coins/tokens will be lost forever. however, having less coins/tokens in circulation helps the coin/token to be more valuable. imaging bitcoin circulation from 10 million to 1 million, that 1 million left will be a lot more valuable than when 10 million coins is available.

to protect your crypto funds, I suggest you can schedule email your private keys to your loved ones. there are some internet email service that gives users options to email on certain date. that means you can email your loved ones and set email to be sent after 3 months. if you're still alive by 3 months, then cancel the previous email and create a new schedule. this way you can be assured that your benefactors will receive your private keys 3 months after you pass away. of course, to be safe, all email attachments/content should be encrypted.

Artem57

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A nexgen decentralized ride hailing

Quote from: Bessta on October 09, 2018, 08:56:08 AM

My son knows my private keys and hardware wallet password so all my cryptos will be taken care by him and ultimately all the earnings/profits will be distributed equally to my 3 siblings.

And my son is only 5 years old, and I think he will not have to use my private keys. I have by the time he grows up will spend all their assets in crypto-currencies. But my children will live in prosperity. But this is only on the condition that the bitcoin will rise.

Bessta

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My son knows my private keys and hardware wallet password so all my cryptos will be taken care by him and ultimately all the earnings/profits will be distributed equally to my 3 siblings.

chabapok

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The World’s First Blockchain Core

Quote from: Kelvinovie2 on October 05, 2018, 09:51:13 AM

Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?

Yeah i am thinking same thing sometimes because i have some heart palpitations etc. and i feel i can be die in near future. Because of that i am storing all of my coins in my hardware wallet. and i said my hardware wallets password to my family members. and i said about my coins.
So i think if i will die in near future they can reach my coins with my hardware. Surely it will be little bit hard but now impossible :=).

mahvia

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who am I to judge. I only flame

Quote from: darkangel020716 on October 06, 2018, 05:21:20 AM

Quote from: Kelvinovie2 on October 05, 2018, 09:51:13 AM

Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?

Pretty obvious, it will stay on that wallet forever, as long as therei s no one knows that persons private key it will remain untouchable.but for me this kind of idea is un necessary, because i all i want to do is to make money for my family needs, and when the time come for me to rest forever, i will tell to my wife all the information about it before i die, all informations from the start for her to understand easily this crypto and she can get my money outside crypto, or if she wants to continue my journey.

... and then you get hit by lightning (or run over by car. or sudden heart attack. fatal) i guess its a good reason why you won't go to heaven or where ever you wanna go and stick around, trying to find closure Cheesy

nolestiket

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DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

Cryptocurrency will never die.If the price of the cryptocurrency is low,the cryptocurrency will exist . Cryptocurrency created to be used, not for speculation

reverseflash

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Save your keys and passwords to separate media and / or paper. Keep it in a safe or in a bank box and indicate this in your will. Usually such an action will be enough so that your savings are not lost. These actions are exactly the same as for fiat, real estate and other material values. If you want them to go to the right people, then write a will.

soulripper

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I keep my portfolio in my book. Every private key i write in the book so if anything happen to me i told my wife to look at the book. She know what im doing and it must be not so hard for her to take it out if anything happen. Im prepared for the worst earlier cause whe never knew god will.

Topic: Crypto After Death? - page 11. (Read 20815 times)