Topic: Supply of Bitcoin will be lessen when its owner die? - page 2. (Read 260 times)
In this case, bitcoin, to which access is lost, remain in encrypted form in the block-chain block-chain. Such bitcoins, to which access has already been lost, according to some sources, there are about six million. They will stay there until someone selects the key to them. This can be done by quantum computers that can soon appear in the bypass and which will be able to decode codes of any complexity. At the same time, this will mean a threat to the security of the entire crypto currency.
Considering a bitcoin owner of large amount, and he died w/o sharing his user/pw, Are those coins can be considered as deadcoin since those coins will not circulate anymore in the Network?
Yes that has happened already and its said that almost three million coins have been lost due to such reason which has lessened the total availability of bitcoins from 21 million to just 17 million bitcoins along with one million bitcoins of satoshi which too remains unused. 
...If someone were to own large amounts of Bitcoin though, it is impossible for him to just die without leaving a clue for his family in order for them to access his wallet.
Agree, but recoverability of such coins would vastly depend on how knowledgeable the family is. If they aren't aware of what Bitcoin is and of the holdings the deceased person - then the risk of them throwing away any pieces of paper with passwords on it (or erasing usb devices etc) is much higher.
There's also popular opinion that it's best not to share information of you holding significant amount of cryptos even with close family - for the safety reasons or in case of divorce.
Considering a bitcoin owner of large amount, and he died w/o sharing his user/pw, Are those coins can be considered as deadcoin since those coins will not circulate anymore in the Network?
Yes it is true since the bitcoin or any of the cryptocurrencies that a person hold when he dies will not circulate or go around the world. It is like thee bills and coins in the reality. With hoarding of those currencies, the economy of a territory or country can be affected. It should be exchange or maybe given to anyone so that it can go around the flow of the cryptocurrency and will not affect other people that invest in bitcoin or any of the cryptocurrencies that a dead person hold.
Considering a bitcoin owner of large amount, and he died w/o sharing his user/pw, Are those coins can be considered as deadcoin since those coins will not circulate anymore in the Network?
When that happens, many of the users here called that a lost coin and this coin will never circulate again, The bitcoin supply will truly lessen and if the supply is less, then surely the price of bitcoin will surge.
Considering a bitcoin owner of large amount, and he died w/o sharing his user/pw, Are those coins can be considered as deadcoin since those coins will not circulate anymore in the Network?
When that happens, many of the users here called that a lost coin and this coin will never circulate again, The bitcoin supply will truly lessen and if the supply is less, then surely the price of bitcoin will surge.
Considering a bitcoin owner of large amount, and he died w/o sharing his user/pw, Are those coins can be considered as deadcoin since those coins will not circulate anymore in the Network?
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