What happens if we die? - page 10. | Bitcointalksearch.org

loraalbert

newbie

Activity: 184

Merit: 0

Quote from: dwieyani on July 29, 2017, 09:35:12 PM

When I die, before that happens I will teach my children to manage my bitcoin. And I've done that to the right to continue my bitcoin that has been running.

When you die and can not leave any small sample of inheritance or a private place to find, the value for money will be hashed forever. And that would be the fact that in the next cycle when mining is no longer appropriate. 21 million bitcoin can be left only 15 million. Roll Eyes

raidarksword

member

Activity: 2044

Merit: 16

Dying inevitable and we cannot foresee it as well. We all die eventually so if we have some important assets maybe left behind like bitcoin for an instance, it is best to enlighten or give a well information on how bitcoin works as well as entrusting our bitcoin wallet and private key in case of unforeseen incidents will happen to us in the future. We may die at least we have given them the bright future for themselves.

liseff3

sr. member

Activity: 532

Merit: 255

Quote from: friends1980 on July 29, 2017, 05:27:21 PM

Nope, this is no existential question (although...). Everybody's talking about "When will Bitcoin die", but what if you die, and your family don't find your key, or don't understand it, or think it's only a useless sheet of paper with some code on it, or simply throw it away... Does this mean the currency's gone forever?

I find the possibility of this event rather realistic (yup I don't believe in eternal life), so that means that someday there might be 21M BTC but only 18M (and counting down...) is left in the market?

It seems to be gone forever, and of course this number will continue to grow then the number of bitcoins scattered in the market will probably continue to decline. The case of the loss of bitcoin not just on the death factor alone, but this has happened to someone named James Howells an IT expert from Wales. He accidentally discarded the hard drive, which is full of bitcoin with a total of 7.500 bitcoins. Surely this will add a row of cases of bitcoin loss.

agatha90

full member

Activity: 616

Merit: 100

Previously I will teach all my family members, for now my brother has studied cryptocurrency, if I am called from this world then the coin that I leave will not be lost.

roshanface123

full member

Activity: 308

Merit: 100

Quote from: friends1980 on July 29, 2017, 05:27:21 PM

Nope, this is no existential question (although...). Everybody's talking about "When will Bitcoin die", but what if you die, and your family don't find your key, or don't understand it, or think it's only a useless sheet of paper with some code on it, or simply throw it away... Does this mean the currency's gone forever?

I find the possibility of this event rather realistic (yup I don't believe in eternal life), so that means that someday there might be 21M BTC but only 18M (and counting down...) is left in the market?

If you didn't tell your family about the bitcoin investment, then it will become useless after your death. You must share about bitcoin and its password to a trustable person. Then only they can use that after your death. So please disclose it to anyone who is more sincere to you and trustable to you.

treatWy

jr. member

Activity: 308

Merit: 5

Death is certain in uncertain season. No mankind can escape the reality about death. With regards to crypto once the person die and no one knows about the private key, then every token of the person will become meaningless unless the block chain will do something to revive the tokens and give it to the family.

Nanashev

newbie

Activity: 75

Merit: 0

DEATH is surely inevitable. Everyone will die but nobody know when. For all i know, there will always be this one person or few people we can trust. it could be your spouse, siblings or parents. In order for us not to die with our bitcoins going waste, its better we make our bitcoin wallet address and private key known to them. Better still, we can make a will which includes our bitcoin account details so that our relative can get access to our bitcoins when we die.

Aldrinx00

member

Activity: 882

Merit: 13

I already have plan for this if it happen, well i have a friend that i trust so much and were both in crypto. We decided to store our private key in a USB and also written it on a paper, so if ever anyone of us die he or i can have access to the account then will use it help his/my family.

Narutofuc

newbie

Activity: 36

Merit: 0

everything continues happen

calandra78

copper member

Activity: 840

Merit: 114

it would be nice right now we are giving knowledge to our closest people so that they know about cryptocurrency and can get access to all our assets if we will go home early

Sempoak69

newbie

Activity: 8

Merit: 0

Quote from: vladimirjune on June 12, 2018, 08:49:36 PM

If we die our holdings and assets also will be in memories. No can ever revert it back by using only your picture or birthcertifacate or id's etc. You have to choose right now who you can trust the most so that your assets will be move out when you will die.

It is true of your opinion that the assets we have are not wasted in the end. It can be an asset for the next generation of us

Getmon

sr. member

Activity: 1400

Merit: 273

Quote from: friends1980 on July 29, 2017, 05:27:21 PM

Nope, this is no existential question (although...). Everybody's talking about "When will Bitcoin die", but what if you die, and your family don't find your key, or don't understand it, or think it's only a useless sheet of paper with some code on it, or simply throw it away... Does this mean the currency's gone forever?

I find the possibility of this event rather realistic (yup I don't believe in eternal life), so that means that someday there might be 21M BTC but only 18M (and counting down...) is left in the market?

If you die without leaving sufficient information enough for your remaining families and loved ones to trace your Bitcoin or altcoin treasure, then the same treasure will also die with you. And I am sure that a good number of Bitcoins, amounting to a massive wealth had already found its way in limbo, being forgotten years before Bitcoin came into the spotlight. Who would have thought that this once worthless invention would reach something like today?

cyriljundos

member

Activity: 432

Merit: 10

Bitfresh - iGaming with 90s UI

if it happens in my life that I die I told my family that this is the private key and this is also the password of all the important ones they know and how to play it because it's the only treasure I left behind them

Lakshitha1977

jr. member

Activity: 42

Merit: 4

I've already written down my wallet details , and how to access them, a brief guide along with my bank account details. So when they check them they'll see and hopefully someone understand. well I've already told them about it and they while they mainly think I waste my time they do have a small idea.

But yeah, what you're saying is true, they can be number of reasons to have a less circulation even after all the bitcoins are mined. well it will already be like that, because we've seen some sad videos people already lost their wallet addresses, hard drives that they mined bitcoin, saw an video of someone loosing 20 Million USD value BTC by thinking it's not important, he mined them in 2009 and he recycled the hard drive and those BTC will be lost forever.

mohammedmattar

member

Activity: 448

Merit: 20

Indeed all will die this fact is no doubt
I thought a lot about this question
I tried to explain to my family how they to take advantage of the currencies in the event of my death
But unfortunately, I can not find a response
They say write the steps to deal with this and we will follow the steps and deal easily
I tried to explain it was not that easy but no use
I hope that you will understand this before my dea

agentx44

sr. member

Activity: 756

Merit: 268

Quote from: friends1980 on July 29, 2017, 05:27:21 PM

Nope, this is no existential question (although...). Everybody's talking about "When will Bitcoin die", but what if you die, and your family don't find your key, or don't understand it, or think it's only a useless sheet of paper with some code on it, or simply throw it away... Does this mean the currency's gone forever?

I find the possibility of this event rather realistic (yup I don't believe in eternal life), so that means that someday there might be 21M BTC but only 18M (and counting down...) is left in the market?

In my own personal opinion, if we die and none of our family do not know how to access in any of our accounts then all of our holdings will be useless because they do not have any copy of our private keys. Better teach one of your family how to access on your account, so that if you die all of your holdings will not be useless.

vladimirjune

newbie

Activity: 182

Merit: 0

If we die our holdings and assets also will be in memories. No can ever revert it back by using only your picture or birthcertifacate or id's etc. You have to choose right now who you can trust the most so that your assets will be move out when you will die.

Akany

jr. member

Activity: 240

Merit: 1

This is a very nice idea, it is advice-able that one should have trusted family member who knows about his crypto life but private and public because Of a true fact, man will definitely die someday, someway and if he or she did not in any way give the family a clue or hint on how to access their bitcoin or any other cryptocurrencies, such currency is indeed lost forever?

Syakbrown

jr. member

Activity: 354

Merit: 1

when you die and your family does not find the key, then this is over. the coin is decaying by itself and your work will not be useful to your family. so my advice do not make this your for family secret.

youngsoft

newbie

Activity: 266

Merit: 0

This isn't as confused as we have made it here. Individual holding the Bitcoins needs amazing day and obviously his kin including spouse, husband, child, girl and at times licenses has the rights on the perished individual cash whether is held in trade or out the type of advanced money. In the event that any of these individual approaches the PC where the wallet is put away, he/she can without much of a stretch open the wallet and exchange cash to their very own bitcoin address.

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