Topic: What happens if we die? - page 17. (Read 5594 times)
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.
For me if we die we also lose all of what we have here on earth including what we invested here in bitcoin, but we make some moves before that day come to every on of us because we don't know when will we off on these planet.
I already told my wife about my bitcoin account including keys and she must also know on how to get this account.
I already told my wife about my bitcoin account including keys and she must also know on how to get this account.
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?
If you die, it is either you go to heaven or you go to hell! Lol. Then yous Bitcoin will remain forever in your online wallet (unless it declares bankruptcy) or in your hard wallet. I don't know if it will be gone forever but as long as Bitcoin exist, maybe your Bitcoin is safe in your wallet.
It would be nice before all that happened better than now teach the children, our wives.
So they know how to take money from bitcoin.
In order to prevent the loss of money is wasted.
It is not as easy as you think, you could teach them how to do it, but there is not a guarantee they remember it and even if they do how are you going to communicate your private key or your seed, if you do not then the money is lost and if you do then they could as easily spend the money since they have the keys to spend it.So they know how to take money from bitcoin.
In order to prevent the loss of money is wasted.
Can't you just leave the retrieval key code in safety deposit box/ entrusted with lawyer via will?
My core wallet has a clone hdd in a safety box.
I may also put a trezor in the box.
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.
Maybe so if it dies, can not fix the existing coin. Can the forum be able to improve in this situation.
It would be nice before all that happened better than now teach the children, our wives.
So they know how to take money from bitcoin.
In order to prevent the loss of money is wasted.
It is not as easy as you think, you could teach them how to do it, but there is not a guarantee they remember it and even if they do how are you going to communicate your private key or your seed, if you do not then the money is lost and if you do then they could as easily spend the money since they have the keys to spend it. So they know how to take money from bitcoin.
In order to prevent the loss of money is wasted.
It would be nice before all that happened better than now teach the children, our wives.
So they know how to take money from bitcoin.
In order to prevent the loss of money is wasted.
So they know how to take money from bitcoin.
In order to prevent the loss of money is wasted.
I think that is a good question, one day we will surely die without knowing when and where it will happen. And all we can do is get ready. Preparing for everything including giving our treasure to our loved ones. But it would be a problem if the person we want to give the treasure does not know how to get it. My advice is to be honest to the person you care about, tell them what is really going on, and if it is necessary to teach them how to dilute the bitcoin you have, of course this is done only to the person you really trust. And with regard to the amount of bitcoin in circulation, of course the boards have thought about it, and I'm sure they've got the solution.
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?
so i think you have to starting now to recovery all private key all your notebook. we not know what happen in futureI 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 and there is no one know about your privatekey maybe you lose 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?
Surely your bitcoin will be lost and will never be access again in your account or whereever you put unless they just got your private key or a password that help them to open it if not it will never be open again and your bitcoin will be lost and the supply of bitcoin is decreased. 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?
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?
- You should give your keys to someone you know and trust.
- Write your keys in a laminated piece of paper. Put this paper in a bank and give it to your loved ones in your will, including instructions so they will use the private keys to get the Bitcoin.
- Give to charity. Maybe they will be worth a fortune... up to $1,000,000 for one Bitcoin. You can give a Bitcoin to charity to help out the less fortunate even after you are long gone.
Hope you like these ideas.
... 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?
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This is what happened to Satoshi.
No one knows what happened to Satoshi, he may have died, he may have lost his keys or he may be waiting for a better opportunity to use them.
... 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?
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This is what happened to Satoshi.
For my personal holdings, I have passed on cryptic clues to family. If they manage to crack it, great, I taught them well. If not, a gift to my crypto brothren. HODL on.
My business, however, has a lawyer that could access it through a multi sig with other partners.
My business, however, has a lawyer that could access it through a multi sig with other partners.
I worked with someone that had lost his wallet. It was on an old computer. He had setup the mining rig and let it run. This was when you could very profitably mine.
He lost the computer and the wallet. His estimate was there was about 250BTC on there.
My thought is it's in a landfill somewhere.
I'd advise anyone that has a considerable amount of BTC and passing them down to someone is of importance, to hire a lawyer and let them handle it...meaning someone else will have your key.
He lost the computer and the wallet. His estimate was there was about 250BTC on there.
My thought is it's in a landfill somewhere.
I'd advise anyone that has a considerable amount of BTC and passing them down to someone is of importance, to hire a lawyer and let them handle it...meaning someone else will have your key.
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?
Yeah when you die no one could open your bitcoin waller in your acount unless you know the password or private key your bitcoin will be lost if you cant open it and will never be open again in that account obviously it will be nothing hopefully for some instace it is helping the price increase of bitcoin 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?
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 and no one has access to your private key then those coins are most likely lost, there is a chance someone receives the same address, something known as address collision, but the possibility of that is minuscule, that is why we need to take precaution in the case of our deaths. 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?
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 think that's very great question and i believe measures should be in place where in the likely demise of one, family members will be able to have access to the bitcoins in one's wallet since it will be lost forever acrruing profits whereas no one knows about its existence and being unable to retrieve them.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?
Before I die I will pass on this knowledge to my brothers and my family and even until now I guide them to learn in bitcoin world so when I have no at least I have given knowledge about experience in bitcoin world .. do not abstinence if you want to get Something big because it all starts from our hard work, believe me the results are not lies
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