Topic: What happens if we die? - page 20. (Read 5626 times)
Can't you just leave the retrieval key code in safety deposit box/ entrusted with lawyer via will?
I think bitcoin can't die maybe the word bitcoin can die but there are so many coins like bitcoin cannot be die in fact it is so hard do kill bitcoin easily.
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?
Im ready if one day i will leave the earth, all my private keys bitcoin passwords,including password on trading , ive made a text file which contains all of the infos and steps on how to use those ,i already send it to my wife and to my son. 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, I have not even thought about it yet, So it's good to make a will with the private key that we have to give to people we believe if something happens to us later a good anticipation step
If bitcoin dies, I will lose an assistant for my job. I will have to continue the transaction through the bank, it worries me. Everyone in my family knows I own bitcoins. If I die, they won't be throwing out any of my paper wallets until they've figured out how to either convert them to cash or get them into their own address. Do people close to you really not know that you own bitcoins!?
The next question for this is if they know your private key to access your bitcoin when you die? Because me even my wife doesnt know my private key but she know that i have investment in bitcoin. That is why after reading this question i am planning to write down my private keys and passwords of all site that i have bitcoin balance makinv sure that if i die she can withdraw all my investment.
My wife knows i have bitcoin and other cryptocurrencies she have the private keys of my account, i say to her if i die its her decision if she will withdraw all my coins into fiat for my death expenses or she could keep it for her and my son's future needs 
so its up to her
so its up to her 
Somebody's going to get my phone which has all my bitcoins on it. Hopefully there will be none of those crap BCC ones on it (lol).
Unless I get squashed by a truck whilst said cell phone is on my person. Then those bitcoins are lost forever--and that could easily happen.
There have been topics bringing this up in the past, and I've been thinking about creating a will one of these days, not just for my crypto, but for all my assets. Makes sense to make one so that probate court isn't trying to split up my assets amongst a bunch of heathens that I could give two craps about--and I'm sure that's exactly what would happen.
Unless I get squashed by a truck whilst said cell phone is on my person. Then those bitcoins are lost forever--and that could easily happen.
There have been topics bringing this up in the past, and I've been thinking about creating a will one of these days, not just for my crypto, but for all my assets. Makes sense to make one so that probate court isn't trying to split up my assets amongst a bunch of heathens that I could give two craps about--and I'm sure that's exactly what would happen.
Everyone in my family knows I own bitcoins. If I die, they won't be throwing out any of my paper wallets until they've figured out how to either convert them to cash or get them into their own address. Do people close to you really not know that you own bitcoins!?
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.
Well, I have not even thought about it yet, So it's good to make a will with the private key that we have to give to people we believe if something happens to us later a good anticipation step
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?
Without the private key it's impossible to recover the lost bitcoins so to answer your question then yes , The currency was gone forever , That's why it was very important to share your private key to some trusted family members to make sure that your hard earned bitcoins when somethings bad happen (Hopefully not ) will still be useful at least for your family member 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 agreed with you,..That is ver much possible to be happen, So I think it is really good to do and needed that we need to teach someone we can trust about our bitcoin savings at least if there's unexpected happen to me there is person knows my private key and password.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?
Just what I thought. It's just leaving a will when you die, but instead you will give them private key with the instructions how they can retrieve the coins if they dont have any idea what it really is about
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 agreed with you,..That is ver much possible to be happen, So I think it is really good to do and needed that we need to teach someone we can trust about our bitcoin savings at least if there's unexpected happen to me there is person knows my private key and password. 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?
valuable assets are only usefull when they are used ... and limited.
Bitcoin does this perfectly.
Bitcoin does this perfectly.
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, That's right. Now there are lots of Bitcoins that no on have access to them and I think the number of such Bitcoins will increase gradually.
In my opinion all of us should have a will that contains our private keys or our passwords if we are keeping our bitcoins in exchanges.
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.
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?
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