Topic: Crypto After Death? - page 12. (Read 20815 times)
For a long time there are services and cryptographic platforms that allow to solve the problem of wills with the help of smart contracts. Therefore, this problem is not too complicated.
This is a very thoughtful question, I think if you are holding much crypto the best thing is for you to add the details of your private key in your written will do that your relation could have access to it after your demise.
Cryptocurrencies are now at the very bottom, the lowest prices today and you may never see such prices again. This is recognized by many respected traders, you can read about it on the Internet. I also think that today it is necessary to invest very actively in altcoins, because they depend on BTC
I also think like you. One day altcoins will climb up very fast. No one knows just the time of this, That's why so many people are bored. This will be a feast day. We just have to be patient.
Cryptocurrencies are now at the very bottom, the lowest prices today and you may never see such prices again. This is recognized by many respected traders, you can read about it on the Internet. I also think that today it is necessary to invest very actively in altcoins, because they depend on BTC
Yes, I do not think that death directly threatens cryptocurrency. Correction is a normal market condition. And do not prematurely panic. It is necessary to cool down and think well. So that patience and time will put everything in its place.
Yes, of course, I thought about it and it seems to me that besides the fact that you should know his password, someone from your relatives and relatives should also know it
Gonna be awhile before new money starts coming in.
Stupid question. Nothing happens crypt there will lie for years. The entire crypto network is built roughly on anonymity. And this is good. Therefore, the state and do not want to take it.
If you believe your children you will let them know that you have savings here. And if you don’t want to pass them on by inheritance, you don’t need to know that you have a wallet.
If you believe your children you will let them know that you have savings here. And if you don’t want to pass them on by inheritance, you don’t need to know that you have a wallet.
If the amount accumulated in the crypto is large, you can always use the services of a lawyer and draw up a will in case of death. This testament will contain the addresses, logins and passwords from all the wallets to which you want to share access, so if something happens to you, your family will be able to use your savings.
Yes, this is really a matter of thinking fact. But, now I think some project also already comes having the solution to this problem with their ICOs. So, be a part of that community. One project has already come with the ICO but the ICO could not be subscribed fully. So, that project is now in dead mode. The name of this project was ICOPASS. So, guys are requested to be a part of this project if it comes later or any other name with this type of solution.
I think that if there are any savings in the cryptocurrency, it does not matter how old you are - you should leave the instructions to the authorized person how to access your funds. This is a very relevant and useful question.
I hold my private keys in printed version in the safe together with other documents.
We have to be prepared for everything in life. It would be a waste, if nobody could access the wallets because we were irresponsible.
We have to be prepared for everything in life. It would be a waste, if nobody could access the wallets because we were irresponsible.
this is interesting but funny too. if a person keeps his crypto assets in one of the wallets that he keeps secret for others and he dies. I think it will disappear and it is part of crypto that we have realized what we are doing, but crypto technology is not just there, there are other developers that make it easier to access, such as ledgers and wallets that are available on the handphone. usually I store a personal password in notepad on my computer and make it a file, I think it's easy to learn by my family because they already use crypto.
Most likely, there will be a lot of time for his wallet. But if you’re thinking about it, you’ll be able to get it.
This kind of topic has been discussed before, if you don't leave or tell your family anything about crypto then your money will be lost forever and your family won't know either. In my case I have hardware wallet and I tell my sister about it, she knows about crypto right now and she can use my hardware wallet incase something bad happen to me so my family can access the money.
There shouldn't be much worries. It's just like other investment accounts, if it is passed on to someone using procedures, then the money is his, otherwise it would wind up as a dead account. Just like that, if a crypto account belongs to someone and he wants that to pass on, then he should share his key and pass with that person, or some other trustworthy one, like the power of attorney.
This is a big deal as crypto security enables the user to have possession of their coins to the extent no one would be able to retrive them without a key from the owner, and it is a important step for the person in ownership of this to be able to have a will in place so the key may go to the person they trust as it won't be of much use to anyone if they are gone.
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 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?
thats the problem if crypto now
As far as i know there's one project which could solve this problem where they could make it like a "will" in our life
But i believe this could be solve in the long run with the help of smart contracts like perhaps if
X coins is not move in wallet for X days, it will transfer to wallet Y
Yeah, if no one knows the private key except the owner, the crypto will be most likely gone
After their death, the money will remain there in their wallet, untouched forever. So, the owner should definitely write down the private keys, login data and passwords and pass them on to a close one through testament or will.
"Storing the details of your wallet for a trusted person is a good idea. Without the details, those investment will be of no use in case of death. But be careful to choose who you give out those details to.
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