Topic: If the bitcoin holder dies (Read 913 times)
I think all btc will lose forever no way to get it back.
Dear team
I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
As we all know BTC is an asset for the planet and now people started saving BTC for their children but if the owner dies suddenly, then his earned BTC would be prossed to the BTC owner wallet but the things could be better if a person knows that he is about to die, then he can share his BTC account details to his closest one and then he can use BTC account as a heir. But if no one knows about your BTC, and u dies then ur BTC will be lost. I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
Dear team
I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
you must notify the nearest family, or heirs. if you do not, bitcoin will be processed by the company owner of the wallet. yes that will be the case.
In the time of death any user should be give his or her btc account pass and details for the utilization of the account and the reforming of the account and continue the development of the desire persons relative.
Dear team
I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
I taught if bitcoin holder die her bitcoin is leave alone no one or any member of the family could heir his own bitcoin I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
If bitcoin holder dies there may be two effects. firstly if he/she share about bitcoin to any of his family member or friend they may find his account details from his laptop and use the Bitcoin. secondly If he/she did not share about bitcoin with any one than bit coin will remain in wallet but no one can use it.
then it will be stocked into its wallet. It will be a big factor in the market since bitcoin has a high demand in its name. I recommend to those who hold a high amount of bitcoin to make sure that a family member whom you want to benefit from your savings knew about your wallet and your password.
if nobody knows about how to get into the wallet (password, private key, etc.) these BTC are gone, nobody can get it.
That's why if you hold a good amount of BTC you should have trusted friend or family member to have all the information to recover your coins, but this would happen also for your bank account, when you're gone everything's coming with you, in the /dev/null
No you are wrong here banks have a field for nominee ,so if you dead the funds goes to that person already mentioned at the time of opening a account.That's why if you hold a good amount of BTC you should have trusted friend or family member to have all the information to recover your coins, but this would happen also for your bank account, when you're gone everything's coming with you, in the /dev/null
Yes he is wrong, In my country you could even get a court mandated order to go round all banks check if they have an account in that name and state the balance, once the person is confirmed dead and without a will.
In my opinion you should search new ways to hack his/her wallet. At the moment is seems very hard but if there would be a lots of btc`s and if you have a clue about the wallet there may be a possibility.
There is no way to know for sure, but I suspect that there is a lot of Bitcoin locked-up / lost this way - also people just losing access to private keys etc. It is not the easiest thing to leave Bitcoin in a will because you would need a trusted lawyer not to "disappear" the funds.
I suspect there are good solutions available for this in the community
I suspect there are good solutions available for this in the community
Without the keys then they would be lost forever. I think it is becoming ever more wiser to include your crypto currencies in a will or have other people trusted and close to you knowing how to access them if something was to happen.
It would typically mean that there is less supply circulating which would help increase demand.
These Bitcoins are going to lost permanently. If lots of them will lost , Then BTC's value will chane by the time. I think it is the most complicated
thing in this business.
What will hapen if market lost of its high?
thing in this business.
What will hapen if market lost of its high?
If the bitcoin holder dies, of course his bitcoin will be useless, unless if he/ she shared and handed over his MEW wallet and private key to any member of his family before dying..
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If nobody knows about it then its gone. Might be good to leave it as part of a will.
I agree, you can leave it as part of a will so that it won't be useless. Or, be open to your family, you can trust to them you're btc account or else your btc will be gone in just a snap. Another idea comes to my mind is to add a feature on bitcoin that allows us to add a contact person which automatically received a message whenever the bitcoin account was not accessed in a month or 2.
although it is difficult to give trust to other people, it is for our own good and this is our family. we should take care of them and make sure that our family can stay alive and survive. if we can share what we have especially we can tell to them that we have bitcoin and we teach them how to use it then I think it will be good for us if someday before we died, we can give our bitcoin as the legacy so they can continue what we start.
if nobody knows the address and it's bitcoin keywords then it will disappear. so it'smimportant for us to tell Bitcoin addresses and keywords to people we trust.
If nobody knows about it then its gone. Might be good to leave it as part of a will.
I agree, you can leave it as part of a will so that it won't be useless. Or, be open to your family, you can trust to them you're btc account or else your btc will be gone in just a snap. Another idea comes to my mind is to add a feature on bitcoin that allows us to add a contact person which automatically received a message whenever the bitcoin account was not accessed in a month or 2.
If he stored it in an online wallet, it will be the same case as the banks do. If they noticed that his account have been not active for so many years his money in his account will be acquired by the bank. That's the same with online wallet. But if he's using a hardware wallet and he's the only one who knows his private key then it will be a lost bitcoin forever unless someone gained access to his hardware wallet and cracked his private key.
In the near future to come, Private Kay and Password will be the inheritance that will be handed over to the next generation,safe in a drive,Presently no one can be trustworthy that you hand over you Prite key to, lot of coina and BTC are lost in the space.Just the way we have unclaimed dividend in IPO same for the crypto world.
If he has given the wallet details to his family then they may use it other ways it will be lost forever
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