Topic: If you die, what will happen with your coins? - page 7. (Read 4230 times)

Copies of my paper wallet will be distributed upon my demise

My family will never love me as much as they will that day!
 

I'm going to consider putting my into a system where if I were to die they would automatically be distributed to my family.

Nothing happens to it if your family doesn't know it exists

Share your keys with me, they won’t be lost...

Hey,

I have not been think about it much. Im aint rich bitcoinist.

haha I hope this doesn't happen with me ))

If I die right now, they will lie on the wallet forever. If someone will not crack it

You should write your private key to your will.

if you have too many coins you shoul give your passwords to someone you trust incase for an accident

they will die with me probably. 

My close friend will have my coins and i will have hims.

My partner not interested in my coins, so they will be lost

ive actually been thinking about this in the shower for the last few days, and i think i've a rough idea of a feasible solution to this: the use of a dead man's switch. if you're not familiar with it, you can read the wiki article on it here, but ill also give a short explanation on this in case you dont.
https://en.wikipedia.org/wiki/Dead_man%27s_switch
basically, this is a switch that will operate under the conditions that the owner becomes incapacitated to the extent that they cannot maintain the condition of the switch to remain inactive. the easiest wat to implement this is a timer that constantly counts down, resetting on user interference and will trigger once said timer reaches zero. now, there are services that offer these services, such as sending an email to a designated address / outlet as well as files or anything in the case the user is unable to check in in a given period of time. now, with this implementation, it would be feasible to set a wallet file and the encryption passphrase to be sent to your progeny's email address should you become unable to keep logging in to that service to keep the switch inactive. however, it might be better to use two services, one for the wallet and one for the passphrase for the sake of security in case you don't deem the service providers trustworthy enough. going off of that, it would't be difficult to implement your own switch with a pi setup and some fiddling with code either, might make for a fun project later on.

you should share your private keys within your trusted family member so that the coins will not go to waste and will help them i the future

I don't think that's true! I've had sticks for years and they still work 100%. I would google the answer if you're really worried. You could always check it every year. It wouldn't die in a year!!

I have heard the same thing, usb sticks can "loose" their memory in several years, due to components degradation memory could be erased. That why I have thought about buy a new stick and change it frequently, let's say once a year. This thing are not expensive so I can afford this strategy.

Or just put it in a bank cell?

I don’t know if this is true, but I have heard that those usb sticks or thumb drives will lose data if they sit too many years not plugged into a computer. I think I’ve heard that they need the charge from a computer about every 5 years to retain the data. Like I said, I can’t say for sure it’s true, but I don’t trust them with my Bitcoins or altcoins. I rely on paper printouts of my public and private keys and store them safely in multiple places that no one will find.

It's an interesting question. One for which I do not yet have the answer
I saw someone say they own lots of USB's and they doubt family will look at them. I am pretty sure eventually someone will. I highly doubt they'd just throw them out.

I actually had a friend who told us about bitcoin many many long years ago (when they were oh so cheap). I worry that he actually did buy some, he died about 7-8 years ago now. I imagine if he did have them, he'd probably just have saved the info on his computer or an email address, which would be long gone. So those BTC's are forever lost :/

Well what a weird questions there but here whats I think about that question if yours.

Maybe its depends on the time and the hackers they can locate your coins if it doesn't move where you cash out and buy.