That still we are alive, then we have to enjoy our money as well as we can't enjoy it in the other life.
It is supposed we don't make a fortune of our great great grand children as we are making them lazy. I mean, we let them work on their own and appreciate hard work otherwise, they don't know anything about how to earn money.
If I have Bitcoin today, I gonna sell them before I die that if I know but if not, they are all gone. I don't tell any one in my family and I don't make them think that I could give them much and so they have to work hard just like I did.
Topic: Hypothetically keeping your bitcoin when you die? - page 3. (Read 437 times)
1.Such "freeze yourself" technology doesn't exist and it won't be invented anytime soon.
Even if such technology was invented,the process of "freezing yourself" will probably damage your body and brain.When they unfreeze you after 100 years,you will be a braindead zombie.What's the point?
2.Bitcoin would most likely disappear after 100 years.New technology is getting obsolete pretty fast.
After 100 years we might find something completely different than Bitcoin or a heavily upgraded version of Bitcoin,something like Bitcoin 9.0 or whatever.
Nobody is going to live forever.I'm sure that people will invent a technology,where you could upload your mind in a server and exist in the world wide web.
Even if such technology was invented,the process of "freezing yourself" will probably damage your body and brain.When they unfreeze you after 100 years,you will be a braindead zombie.What's the point?
2.Bitcoin would most likely disappear after 100 years.New technology is getting obsolete pretty fast.
After 100 years we might find something completely different than Bitcoin or a heavily upgraded version of Bitcoin,something like Bitcoin 9.0 or whatever.
Nobody is going to live forever.I'm sure that people will invent a technology,where you could upload your mind in a server and exist in the world wide web.
If a person dies while hodling Bitcoin, and there is no family to which you can give it to, the most ethical thing to do, from my own personal view as a Bitcoiner (and I suspect many Bitcoiners in this forum will share my opinion) is to let it forever be lost in the Blockchain. Irredeemable. Lost. Gone. Like yourself.
Except that those Bitcoins will still serve 1 function: to prop up the Bitcoin value by reducing the Bitcoin supply. So even when you're gone and dead, you are still fighting with us, against the governmental injustice that is inflation.
Except that those Bitcoins will still serve 1 function: to prop up the Bitcoin value by reducing the Bitcoin supply. So even when you're gone and dead, you are still fighting with us, against the governmental injustice that is inflation.
So far, science and technology are not so developed in us to talk about how to return a person to life after death after a while. The human body decomposes over time and everyone knows this. It is possible to stop the decomposition, however this technology must not harm the technology that will be used to bring a person back to life. Now, for example, there are cryogenic installations that freeze terminally ill people in order to unfreeze and bring them back to life when they invent a way to cure a person. But the thing is, no one knows if this is even possible. When freezing or other similar actions, human cells can be damaged or something else can happen that will not make it possible to return a person to life. No, it is better to use this life for its intended purpose and die a natural death.
It is possible that there will be a technology to transfer the consciousness of a person into another body. Several films have already been made about this. This seems more likely to me in the future.
It is possible that there will be a technology to transfer the consciousness of a person into another body. Several films have already been made about this. This seems more likely to me in the future.
You made me laugh. You are the only person I know who is preparing material wealth for the afterlife. Rebirth, at least to the majority of those who believe in it, is mostly understood as spiritual. If not, at least we will be reborn in another life form. But here you are preparing for the possibility that after we die we might one day wake up as the same person. With this, I don't think we should proceed with the discussion.
Perhaps we should just begin to live the present. Live it all because we only live once. Make the most of your Bitcoin because when you die there's no more Bitcoin.
Perhaps we should just begin to live the present. Live it all because we only live once. Make the most of your Bitcoin because when you die there's no more Bitcoin.
yat97,
imagine yourself as a sci-fi writer and work the problem out ;-)
Personally I like the concept of PURDAH from Fall or Dodge in Hell:
"Further, Stephenson’s tremendous gift for envisioning future technological praxis is shown in Fall through his speculation, perhaps stemming from his position as “chief futurist” at the AR startup Magic Leap, about how people will protect both their privacy and their digital identities online. The creation of apps called PURDAH and VEIL fuels the editing, personalizing, hiding, and/or announcing of one’s presence in both reality and online, which sounds exciting as a means of combating the scourge of “fake news” and social media bots. PURDAH is a “Personal Unseverable Registered Designator for Anonymous Holography,” a means to provide authorship of one’s presence in the online world through identifiable traits in one’s writing. Likewise, VEIL is “Virtual Epiphanic Identity Lustre,” a means to electronically broadcast both noise and signals to facial-recognition software systems. A VEIL can jam one’s face on security cameras and in other people’s augmented glasses or convey links to one’s PURDAH as a kind of QR code or nothing at all. As a means of protecting and projecting one’s privacy and identity, it is quite intriguing — how can, and even should, we protect our identities and go where we want in the coming days of near-total video surveillance?"
https://lareviewofbooks.org/article/nonexistence-seems-preferable-post-truth-feed-identity-and-the-npc-afterlife-in-neal-stephensons-fall-or-dodge-in-hell/
imagine yourself as a sci-fi writer and work the problem out ;-)
Personally I like the concept of PURDAH from Fall or Dodge in Hell:
"Further, Stephenson’s tremendous gift for envisioning future technological praxis is shown in Fall through his speculation, perhaps stemming from his position as “chief futurist” at the AR startup Magic Leap, about how people will protect both their privacy and their digital identities online. The creation of apps called PURDAH and VEIL fuels the editing, personalizing, hiding, and/or announcing of one’s presence in both reality and online, which sounds exciting as a means of combating the scourge of “fake news” and social media bots. PURDAH is a “Personal Unseverable Registered Designator for Anonymous Holography,” a means to provide authorship of one’s presence in the online world through identifiable traits in one’s writing. Likewise, VEIL is “Virtual Epiphanic Identity Lustre,” a means to electronically broadcast both noise and signals to facial-recognition software systems. A VEIL can jam one’s face on security cameras and in other people’s augmented glasses or convey links to one’s PURDAH as a kind of QR code or nothing at all. As a means of protecting and projecting one’s privacy and identity, it is quite intriguing — how can, and even should, we protect our identities and go where we want in the coming days of near-total video surveillance?"
https://lareviewofbooks.org/article/nonexistence-seems-preferable-post-truth-feed-identity-and-the-npc-afterlife-in-neal-stephensons-fall-or-dodge-in-hell/
Might not remember much of anything
This is where the problem lies. Anything that requires you to have some knowledge or memory might fail. Anything that does not require some knowledge or memory is something that ANYONE else could do and therefore take your bitcoin.If... lets say, you kept it in a steel container with instructions
Will you remember it's in a steel container? WIll the container be hidden in a way that you can find it?If finding it requires memory of it, then you might not remember. If finding it does not require memory of it, then someone else may find it.
any way to make sure the people freezing you dont just take it?
Only if you can count on having a memory of it.Or if they dont, what if you wake up, and you dont realize what you have?
Yep. You either need to trust someone with the info (in case you forget), or you need to trust that you'll have memory.Maybe I could put on on stainless steel, like a thin sheet, scratch the seed phrase in, then have it shoved in my arm or leg and stitch it up, then die, wake up.
If they search your body before freezing you, they'll likely find it (especially if they xray you first).Maybe have some sort of instructions that would only make sense to me in the event i forget about it...
And if you forget the thing that allows those instructions to make sense to you?or..... maybe like... I put it in an awkward place in my arm or leg so it's guaranteed to give me some major issues and will need removed so it will remind me. like if i forget my memories, I wake up, ouch my leg kinda hurts when i walk. go to doc, doc x rays and is like you got some random metal in your leg wtf lets remove it. on th metal, rolled up, it says "my name" or whatever to open only. no one else. then has instructions how to retrieve the btc?
You still have to hope that nobody discovers it in the freezing process and that nobody discovers it while you're frozen. You also need to hope that having a chunk of metal won't interfere with the freezing process and make it ineffective or severely damage the surrounding tissue.Like go to a bank and be like hey, can I rent out the safe deposit box for the next 100 years?
Will you remember that you put something in the bank box? And if you do, the bank might go out of business 10 years before you are revived and all contents of unclaimed boxes are destroyed?Anything that requires knowledge, requires you to remember something. Planning under the assumption of a loss of memory means planning for the possibility that you are a completely different person, meaning that a completely different person can access it.
Come on dude, you're not fantasizing about the BTC you have in the future please be realistic and be a social being, think about your family and friends. you must realize what you want is something that not real, you and us never be live forever more than 100 years forget about money and enjoy your life
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100years is a long time and it is hard to predict what the price of Bitcoin will be then but it is going to be huge.
Having said that, the best way I know to keep Bitcoin for that long is by creating a paper wallet in which you will keep the wallet seed or private keys in a metal container like Quadrat register and have it save in a safety deposit box.
Having said that, the best way I know to keep Bitcoin for that long is by creating a paper wallet in which you will keep the wallet seed or private keys in a metal container like Quadrat register and have it save in a safety deposit box.
What's the point?
You think if you became a millionaire or Billionaire, you will have achieved everything in life?
Nope, you are wrong.
Death is part of life and it's inevitable. There's nothing you can do about it.
You think if you became a millionaire or Billionaire, you will have achieved everything in life?
Nope, you are wrong.
Death is part of life and it's inevitable. There's nothing you can do about it.
Maybe I got his point,
He thinks that maybe in the future science will reach a point where it will be possible to bring the dead back to life.
But 100 years from now, his name may be erased. Maybe everyone will forget him. Even if science could bring a dead person back to life, perhaps no one would think of bringing him back to life unless he became the owner of immense wealth.
maybe he wants to become a millionaire after his death by holding bitcoin. so people will try to resurrect him to rescue his hidden bitcoin.
Hey, so what if you freeze yourself? And then there is technology to bring you back from the dead hundred years later.
Is there any good way to keep some bitcoin on you for this situation?
I plan on giving/inhriting most of my btc to and kids I might have in the future, but.... butttt.... what if I froze myself, kept some btc.
Is there any good idea how I keep my private keys with me? There is no gurantee I would remember a seed phrase in my head when I woke up. Might not remember much of anything. Idk no one knows.
but I'm pretty sure 100 years from now btc will be tens of millions if not more per coin, so even just 0.1btc would prob make you a millionaire.
If... lets say, you kept it in a steel container with instructions, any way to make sure the people freezing you dont just take it? Or if they dont, what if you wake up, and you dont realize what you have? Someone could easily take it from you then. Maybe I could put on on stainless steel, like a thin sheet, scratch the seed phrase in, then have it shoved in my arm or leg and stitch it up, then die, wake up. Maybe have some sort of instructions that would only make sense to me in the event i forget about it...
or..... maybe like... I put it in an awkward place in my arm or leg so it's guaranteed to give me some major issues and will need removed so it will remind me. like if i forget my memories, I wake up, ouch my leg kinda hurts when i walk. go to doc, doc x rays and is like you got some random metal in your leg wtf lets remove it. on th metal, rolled up, it says "my name" or whatever to open only. no one else. then has instructions how to retrieve the btc?
Assuming I dont have great great grand kids who want to help their ancestor in some way who show up on my revival?
All of course assuming it is possible for humans to revive the dead in the future. idk. wouldnt it be funny, there is an afterlife, and you tell people there how you had bitcoin and if it is worth a bunch telling everyone how if you were alive you would be rich, then suddenly you get sucked out of the afterlife into your body? Maybe it takes 1000 years later, and 1 bitcoin is a trillion dollars lol. but then it would suck if you wake up and someone performs operation on you in the process of waking you up and sees and takes it? Man... too bad things cant just be literally etched into the brain so there can be no possibility of forgetting it or something.
Idk, anyone have any ideas?
do any post death trusts exist? Like go to a bank and be like hey, can I rent out the safe deposit box for the next 100 years?
THen its your luck it's 101 years when you revive and the bank threw out your seed phrase lol
Is there any good way to keep some bitcoin on you for this situation?
I plan on giving/inhriting most of my btc to and kids I might have in the future, but.... butttt.... what if I froze myself, kept some btc.
Is there any good idea how I keep my private keys with me? There is no gurantee I would remember a seed phrase in my head when I woke up. Might not remember much of anything. Idk no one knows.
but I'm pretty sure 100 years from now btc will be tens of millions if not more per coin, so even just 0.1btc would prob make you a millionaire.
If... lets say, you kept it in a steel container with instructions, any way to make sure the people freezing you dont just take it? Or if they dont, what if you wake up, and you dont realize what you have? Someone could easily take it from you then. Maybe I could put on on stainless steel, like a thin sheet, scratch the seed phrase in, then have it shoved in my arm or leg and stitch it up, then die, wake up. Maybe have some sort of instructions that would only make sense to me in the event i forget about it...
or..... maybe like... I put it in an awkward place in my arm or leg so it's guaranteed to give me some major issues and will need removed so it will remind me. like if i forget my memories, I wake up, ouch my leg kinda hurts when i walk. go to doc, doc x rays and is like you got some random metal in your leg wtf lets remove it. on th metal, rolled up, it says "my name" or whatever to open only. no one else. then has instructions how to retrieve the btc?
Assuming I dont have great great grand kids who want to help their ancestor in some way who show up on my revival?
All of course assuming it is possible for humans to revive the dead in the future. idk. wouldnt it be funny, there is an afterlife, and you tell people there how you had bitcoin and if it is worth a bunch telling everyone how if you were alive you would be rich, then suddenly you get sucked out of the afterlife into your body? Maybe it takes 1000 years later, and 1 bitcoin is a trillion dollars lol. but then it would suck if you wake up and someone performs operation on you in the process of waking you up and sees and takes it? Man... too bad things cant just be literally etched into the brain so there can be no possibility of forgetting it or something.
Idk, anyone have any ideas?
do any post death trusts exist? Like go to a bank and be like hey, can I rent out the safe deposit box for the next 100 years?
THen its your luck it's 101 years when you revive and the bank threw out your seed phrase lol
I don't really see the point in doing this. Isn't this being so greedy? Because you can always enjoy the fruit of your labor and patience if not today, in the next few years with your loved ones. It seems futile to me finding a solution to an imaginary and impossible scenario. It would be better if you would spend your coins in your lifetime. Or if you choose not to, it's better to leave it to your loved ones such as your children like you've mentioned to be their inheritance. As for me, if ever bitcoin would really massively soar in the next 100 years, it would be worthless for me to live because after all not everything just revolves around money. Imagine the generation gap that you would be into. You would have a hard time adjusting as well as having a hard time enjoying those money when you don't have someone with you to cherish and celebrate it. You could even feel lost and empty despite having so much.
If I were you, instead of thinking nonsense, I would just put my energy into generating more profit so that I could enjoy it today or in the next years without the need to wait for hundreds of years just to celebrate. You can always enjoy your assets and funds with the right discipline and limitations so that there would be left for you to use in the coming years.
I wouldn't rely on Bitcoin when it comes to storing value for 100 years without any way to interact with it. Bitcoin is software, and software keeps evolving, so you can't be certain that Bitcoin won't get replaced or it won't get abandoned. 100 years is a very long time and a lot can change. You also need to consider that the current address formats may no longer be valid in 100 years. Maybe there will be a fork that introduces new formats and later phases out the old ones. And because you are not touching your coins, you won't have a chance to migrate to new address.
IMO precious metals are more reliable store of value for such use cases. Of course they aren't perfect, but don't forget that Bitcoin is still considered an experiment.
IMO precious metals are more reliable store of value for such use cases. Of course they aren't perfect, but don't forget that Bitcoin is still considered an experiment.
Yes, with technology evolving rapidly, i also think that bitcoin will be replaced by something better in a 100 years time. Also, we often hear the quantum computers are a threat to bitcoin as their processing powers will be able to decrypt the private keys. Think that in 100 years time we will have 1000 times faster machines than quantum computers. We can't imagine what and how the currency will look like after a hundred years time.
I wouldn't rely on Bitcoin when it comes to storing value for 100 years without any way to interact with it. Bitcoin is software, and software keeps evolving, so you can't be certain that Bitcoin won't get replaced or it won't get abandoned. 100 years is a very long time and a lot can change. You also need to consider that the current address formats may no longer be valid in 100 years. Maybe there will be a fork that introduces new formats and later phases out the old ones. And because you are not touching your coins, you won't have a chance to migrate to new address.
IMO precious metals are more reliable store of value for such use cases. Of course they aren't perfect, but don't forget that Bitcoin is still considered an experiment.
IMO precious metals are more reliable store of value for such use cases. Of course they aren't perfect, but don't forget that Bitcoin is still considered an experiment.
I would rather prefer spending all the money during my natural life than holding any amount to spend after 100 years. You will never be able to have a normal life after being absent for 100 years.
Does it make sense for you that someone try to find an answer for such an imaginary scene?
Does it make sense for you that someone try to find an answer for such an imaginary scene?
These types of imagination and thinking 100 years beyond is just day dreaming and nothing else. No one from us will be alive to see what happens after 100 years.
If freezing was possible, everyone would have frozen themselves to become alive in another century. Time travels and these frozen theories do not exist in reality. What money we have, we should spend it in this world before it's too late and we die.
I never think about that since I can not live for hundreds or thousands of years or freeze myself in ice storage for thousands of years later. Your imagination is too wild
You can prepare your kids and teach them all you know about crypto and make sure your kids know how to use your crypto better and how to grow the amount. Let them use your crypto as a legacy so when you are resurrected from the realm of the dead (it is too ridiculous to think if this is true), you will see how your kids or your great-grandchildren use crypto (if crypto still exists in the next hundreds or thousands of years).
You can prepare your kids and teach them all you know about crypto and make sure your kids know how to use your crypto better and how to grow the amount. Let them use your crypto as a legacy so when you are resurrected from the realm of the dead (it is too ridiculous to think if this is true), you will see how your kids or your great-grandchildren use crypto (if crypto still exists in the next hundreds or thousands of years).
I will try to suspend my belief and say that if you want to leave instructions then the only way you can do that is to have a vault that will be able to withstand time if possible you also need to leave instructions regarding on how to access your private keys, not to mention that you're going to need a lot of money right to get your cadaver frozen. To ground this into reality, there's an experiment in the UK where they froze a hamster and used a microwave oven to revive it, now Tom Scott was able to get an interview with the man and said that it's going to be difficult if not impossible for humans because of how big we are compared to those hamsters.
Seems like someone has been watching too many movies. There is no freezing of yourself and I believe planning on leaving some Bitcoin Inheritance for the kids is a Great Idea, besides, why are we working this hard if not for the family? and of cause with the way the Bitcoin price is going, years from now, the price will be pretty much but don't know about 100 years though.
What you described sounds like movie clips to me.
If I were you, I'd prefer to spend money during this life rather than 100 years later. Who knows what will happen next? 100 years is such a long time of period to imagine.
If I were you, I'd prefer to spend money during this life rather than 100 years later. Who knows what will happen next? 100 years is such a long time of period to imagine.
That's a good idea it's just like a movie you froze yourself and after 100yrs someone found you and revive that's impossible it's just like a Manifest series.
Or maybe they can revive you as an android?
The only thing that is possible is to put your seed backup into a steel sheet and rent a safety deposit box and I think you can ask the bank if you die they should give it to the beneficiary(Your son or daughter).
That's the only thing that I think you can do while keeping BTC on a safety deposit box just make sure that you tell one trusted family member about it.
Or maybe they can revive you as an android?
The only thing that is possible is to put your seed backup into a steel sheet and rent a safety deposit box and I think you can ask the bank if you die they should give it to the beneficiary(Your son or daughter).
That's the only thing that I think you can do while keeping BTC on a safety deposit box just make sure that you tell one trusted family member about it.
What's the point?
You think if you became a millionaire or Billionaire, you will have achieved everything in life?
Nope, you are wrong.
Death is part of life and it's inevitable. There's nothing you can do about it.
You think if you became a millionaire or Billionaire, you will have achieved everything in life?
Nope, you are wrong.
Death is part of life and it's inevitable. There's nothing you can do about it.
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