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Topic: Crypto After Death? - page 16. (Read 20817 times)

full member
Activity: 938
Merit: 137
October 05, 2018, 01:41:22 PM
#14
Write your privat keys and exchange's logins and password's on a couple pieces of papers and hide them in some secret and  secure places.Explain to your family what crypto is and show how to do transactions. When you get strong feelings that the death is somewhere around ,tell to your family where you keep the papers.
It will be difficult to implement in practice. In order for the family to be able to use your coins and tokens after death, they need to know how to use them, and this is a rather large amount of knowledge. Most likely, they will be forced to seek help from other people. And this, again, is a matter of trust.
member
Activity: 252
Merit: 10
October 05, 2018, 01:38:00 PM
#13
Lol, it's a good question indeed. There is no way of recovering those unless you leave some data. However, people should share info whom he/she believes the most. Like, my girlfriend, I believe her the most and I told her everything.
jr. member
Activity: 238
Merit: 1
October 05, 2018, 01:29:37 PM
#12
All I have to do as a serious member of cryptocurrency business is to spend much time teaching my family to enjoy what cryptocurrency really is and have a full trust in cryptocurrency.
legendary
Activity: 3038
Merit: 1169
October 05, 2018, 01:26:58 PM
#11
Well aside from trusting someone with your bitcoin, Altcoins, and tokens, I really think making the last will is a good thing to really do to let yo ensure that your save up cryptocurrency will be known to your loved ones and I really think that a tutorial is needed for those token that needs to be sold at a higher price, But I really think getting an attorney that is trustworthy with your things is needed, Well this is just my opinion to let your family known about your saved bitcoin.
full member
Activity: 223
Merit: 111
October 05, 2018, 01:10:47 PM
#10
It's difficult to trust anyone, even your own family.  If you give them the private key before your dead they can spend your funds without your permission. 
jr. member
Activity: 168
Merit: 1
October 05, 2018, 01:08:12 PM
#9
But let's not forget the fact that death is not something we can predict, but it's something that is bound to happen, incase of unforseen circumstances like accident, for example the xrp investor who turned $1million investments into billions of us dollars, US billionaire Matthew Mellon.
He made a fortune, now if the family can't get access to his wallet, this means billion of $, will be lying low in series of wallet, what a waste.
copper member
Activity: 226
Merit: 0
who am I to judge. I only flame
October 05, 2018, 11:34:08 AM
#8
Write your privat keys and exchange's logins and password's on a couple pieces of papers and hide them in some secret and  secure places.Explain to your family what crypto is and show how to do transactions. When you get strong feelings that the death is somewhere around ,tell to your family where you keep the papers.
Put it in your testament, or at least directions how to get info about access. nothing more than RL solutions that we already have
full member
Activity: 560
Merit: 100
October 05, 2018, 11:26:35 AM
#7
Write your privat keys and exchange's logins and password's on a couple pieces of papers and hide them in some secret and  secure places.Explain to your family what crypto is and show how to do transactions. When you get strong feelings that the death is somewhere around ,tell to your family where you keep the papers.
full member
Activity: 392
Merit: 105
October 05, 2018, 11:15:19 AM
#6
You keep the private key, only you can use that Crypto number! If you die without leaving a Private key, Crypto will not follow you, but no one will ever be able to use it.
member
Activity: 272
Merit: 12
October 05, 2018, 11:13:14 AM
#5
I think anybody that is holding huge fund in crypto should have next of kin in place because death is inevitable. Therefore I don't see anything wrong in giving out private key to next of kin before death.
sr. member
Activity: 1442
Merit: 265
October 05, 2018, 11:03:25 AM
#4
Such wallets and the coins stored in it will be considered as burnt as no one will be able to access them if the original owner dies, i think if you have decent some of investment and holding a portfolio of coins then you should definitely share the private key with your closest and trust worthy person so that after your death they can use it.
newbie
Activity: 29
Merit: 0
October 05, 2018, 10:49:07 AM
#3
well, if you leave somewhere the private keys for the wallet then it's no different than any other money
copper member
Activity: 70
Merit: 1
Tell the truth – or, at least, don't lie!
October 05, 2018, 10:37:35 AM
#2
Well IO hope that tokens are decentralised to heaven and hell - this would be decentralisation in it's essence!
jr. member
Activity: 168
Merit: 1
October 05, 2018, 09:51:13 AM
#1
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?
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