Actually, I didn't really start the topic to discuss heritage. Because if you're dead, you don't care what happens with your coins.
However, in theory, it's perfectly possible to come to a situation where 50% or 20% or 70% - whatever - of BTC is uncontrolled. For instance, because the owners have died, or because they've lost their code etc.
So what will happen to the currency then?
Topic: What happens if we die? - page 16. (Read 5626 times)
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?
Well in my own opinion, if i die ? for sure all of my bitcoins will be worthless and useless because no one in my family don't know what is bitcoin and don't know anything in my accounts here in bitcoin that's why no one could retrieve it or can get all of bitcoins because no one could access on it.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?
Yes, the coins are most likely irretrievable forever. That's why plans regarding coin recovery in these situations have been greatly discussed in the forums. And yes, when mining ends there will be less than the total of coins circulating.
Yes... I've heard so many discussions regarding this one too... Maybe it is also the time to start making an action oh how to retrieve lost coins from deceased holders. I think it should be best if users or holders would be making some kind of an agreement or they would be having beneficiaries in case something happens, because we can't predict what will happen to us, so its better to have counter measures or it would also be best to have beneficiaries to take over your wealth in bitcoin. 
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?
Well in my own opinion, if i die ? for sure all of my bitcoins will be worthless and useless because no one in my family don't know what is bitcoin and don't know anything in my accounts here in bitcoin that's why no one could retrieve it or can get all of bitcoins because no one could access on it. 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?
The eventuality will happen and bothering or planning won't stop it whenever its going to happen its going to happen and whatever will happen after is not any of someone concern because you will no longer be there to see how it infolds whether the people coming after do it well or say something wrong about you, all of that does not matter any longer because you are gone and you won't be coming back. So, live everyday like its going to be the last of it.
Bitcoin survive, we can wait until they announce if bitcoin do attempt to die but actually bitcoin cannot be die not totally bitcoin cannot be die but bitcoin cannot be die because it has more similarity to other crypto so bitcoin cannot die but it can change the name by other crypto.
If you lose your private keys then your bitcoin is lost forever. One of us dying would be very far from the first occurrence of this as well. I would advise treating it just like any other sort of investment account / property / whatever it is that you will pass on to your loved one's via a will. We must not treat bitcoin as some sort of frivolous thing as we should see it as investment and the possible monetary security of our future.
No one knows when will die so it is right to restore access to bitcoin, and to write the access code box. If the purse is activated 2-based authorization then you will not remain without money, and your heirs will curse you for greed.
Then it will be gone forever. No one can access it since you or anyone who have access to it eventually die without formally transferring the knowledge he have. And it will affect the bitcoin available in circulation. It will be dead since no one can use it or retrieve it. So better thing to do is to teach your kids or anyone in the househould about bitcoins.
Yes there will be no longer access to the bitcoins if your family doesn't find the keys or they lost it aftet your death. The best solution is to mention about your bitcoin access in your will.
We need to teach them bitcoin from now on so they are not confused in this case, in the future we just have to prepare a paper containing private key words and some trezor for them to access, at least they are not confused about all the facts and possibilities that happen.
I think of this just now yes this is true what will happen to my bitcoin eh? im the only one knows my btc details so i need this to share to my wife right now just in case if something will happen with our a family pin code provided. The bitcoin will be floating status forever because there is no default applied to the system like our beneficiaries.
Yes there will be no longer access to the bitcoins if your family doesn't find the keys or they lost it aftet your death. The best solution is to mention about your bitcoin access in your will.
We need to teach them bitcoin from now on so they are not confused in this case, in the future we just have to prepare a paper containing private key words and some trezor for them to access, at least they are not confused about all the facts and possibilities that happen.
Current events are still a mysterious thing for many people. Many myths evolved around the events that experienced a person approaching his end as a shadow of the past or see a glimmer of white light at the end of a dark tunnel.
There were also survivors of an accident, who said that when they were about to die they saw a glimpse of their life span milling in front of their eyes.
There were also survivors of an accident, who said that when they were about to die they saw a glimpse of their life span milling in front of their eyes.
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?
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?
that is the saddest thing if it will happen because it is not retrievable . You need to tell your account to a trusted person or yout family about your bitcoin savings. Teach them how they can use and operate your account if ever something happen so that they will know how to do it if something happen
Think about it:
This might be a future business case for a 3rd party service - or a smart contract.
I will store the details on a usb with freaky porn
Yes there will be no longer access to the bitcoins if your family doesn't find the keys or they lost it aftet your death. The best solution is to mention about your bitcoin access in your will.
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?
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?
that is the saddest thing if it will happen because it is not retrievable . You need to tell your account to a trusted person or yout family about your bitcoin savings. Teach them how they can use and operate your account if ever something happen so that they will know how to do it if something happen
That is the reason why I try to teach my sisters about this so that if something happens to me at least someone can still retrieve my wallet and its up to them if they want to keep it or exchange it to fiat right away.
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.
that is good idea to save the bitcoins before we die and making our bitcoins never lose forever, but the problem on the dead men there are no peoples around the world who know when will be die, there are no acurate sign about the dead will some people, the best time to teach our children is now because we are still alive. Well, I have a piggy bank where I put some little persent of all my earnings for the case when Bitcoin's price will breake all predicted records. But I doubt my parents will know how to withdraw this money. I have husband who is also in all that with crypto-currencies, so he is the only person who will be able to hold those coins in the case of my death. Add to that I don't hide logins and passwords, so it is not going to be hard to him.
That's the best thing you can do for today.I usually put some of my earnings in a bank while others are kept stored in my wallet.My husband knew bitcoin already but he's not really into it so i'm planning to make him a bitcoiner also so he can have an access to my bitcoin account.I'm planning also put a list of my earnings in a memory card with all its stuff so i can give them security even though i'm gone already.
For me personally, I have not thought of that way, maybe it's because I'm still a beginner and still learning stage. About what will happen between bitcoin and our fate later on, I think it would be nice if we introduce and teach bitcoin to our nearest It's our wife or child. Give them confidence to hold the key and our password. That way, the possibility of missing bitcoin is small.
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