What happens if we die? - page 6. | Bitcointalksearch.org

wAeUuCM

newbie

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a person's eventual destiny after death will be one of the following:

Heaven: Eternity is spent in Heaven or Paradise with God, in a state that is beautiful beyond our ability to conceive.

Hell: Eternity is spent in Hell with Satan and his demons. All are tormented and tortured, in isolation from God, without any hope of mercy or relief. Grin

khaled0111

legendary

Activity: 2702

Merit: 3045

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When a holder dies and no one have the keys to access his wallet, then what he owned will be lost forever.
Better tell one of your relatives about what you are doing and figure out a way to pass your fortune tosomeone else after your death.
I believe that one day, people will be trying to crack private keys with high performance calculators. It will be like digging tombs to find hidden treasures.

xbl1008

full member

Activity: 322

Merit: 103

well basically your crypto will be gone forever if you didn't do what the tips given to your before you had created your wallet it says you must written the private key and the wallet address in a sheet of paper to protect you from digital harm and that will serves as your back up in case of computer breakdown or any thing related and at least tell your parents or your partner that you have this kind of asset.

TooDumbForBitcoin

legendary

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Well we already have few digital legacy services (including services powered by blockchain technology), so I think they will be widely used already in near future by us

Larva14

sr. member

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Merit: 250

Quote from: Serco on July 29, 2017, 09:18:13 PM

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

That's good decision you make a last will testament for your bitcoin account and keep it to one trusted person that can tell your family your account in bitcoin if you die. And I think that your family will take your accounts and they continue your investment in bitcoin.

Tomborneque_1102

newbie

Activity: 154

Merit: 0

All of Us should have thought about this matter. what we're going to do and who are we going to entrust our Bitcoin or altcoin. Because everyone dies. that's why it's very important for us to let our family know how to access our wallet. and it will be better if we can make a video or a step-by-step instruction on how they are going to do it.

[As]

jr. member

Activity: 168

Merit: 3

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 is realistic of course. So I think that everyone should have a special place ( wii) where all keys are kept. Moreover it would be good to add briefing aids of how to use that keys. But I must mention that you should keep in secret where this place is. Only your relatives may know it.

turagsoy123456

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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 doesn't mean if we die the bitcoin also die. Bitcoin is now remarkable, and most of the people are now involved in cryptocurrency the bitcoin. Some of them investing their money and most of all they like to use bitcoin as a payment. And incase as what you have mentioned that what if that man died and no one member of his family know about his asset,his big amount of money in bitcoin. Well... he deserved it because he was a very secretive person or greedy.. Because even his own real family he did not trust,it's her lost.

Liona88

jr. member

Activity: 73

Merit: 1

If I die there must be a family that takes care of and gets my bitcoin account. Because in my family I'm not the only one doing bitcoin.

bitfocus

member

Activity: 532

Merit: 15

if you plan nothing to pass your keys and other related data to your family or kids, your Bitcoins die with you.

Indra32

newbie

Activity: 182

Merit: 0

Quote from: abonti on June 09, 2018, 01:35:43 AM

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.

I think if you said what happened to your bitcoin if you died, it would be lost if you did not tell anyone from your family about it. So as soon as you get involved in bitcoin world, you have to tell them. Tell them how it works, transactions are done, and let them try using bitcoin so that when you die, everything you leave behind can be used with family.
Every one of us must die and leave everything from what he has now.

cryptosharon

newbie

Activity: 35

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Cryptocurrencies especially bitcoin has gone beyond being a currency,it has become an asset. The fact that it is an asset makes it easy to be transferable. It can pass from one generation to another once the proper access is granted.

ultra insting

newbie

Activity: 98

Merit: 0

I have not thought of such a thing, but if it happens I have to write a will and code to solve it

Harrisonimo

full member

Activity: 490

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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?

I do think it is worthy of a KEYNOTE for those who have some reasonable amount of bitcoins or ethereum in their wallets. They should try and have it disclosed to their loved ones and if possible to have a WILL ready should in case of any uncertainty. I do believe a lot of assets have been lost due to improper documentation and withholding of vital information from next of kins.

vnck25

member

Activity: 392

Merit: 11

That's why education is very important. Today we teach our children the importance of saving money, investing, etc. Its also done via regular media to educate people on saving, investing and basically the value of fiat currencies. If cryptocurrencies will catch up and explode, I am sure the same thing will happen. We as parents and even the media will take part in educating younger generations on how to save, invest and acquire more and more cryptocurrencies.

If it does not go that far, I believe we need to talk with a close family member and educate them on the value of cryptocurrencies and if something happens to me (or you) then that person will have all the details, basic knowledge to take over and do whatever with those cryptos! So we need to make sure in the case we die, we have someone else assigned to take care of my (your) cryptocurrencies.

Jenn09

sr. member

Activity: 588

Merit: 256

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I think this is a wonderful question that we can tackled now, what if we die now or accidentally we die not introducing your source of income to your one of your family members then soon your investment boom and they didn't know how to access your account then it would be useless, so I think it is an eye opener that we should at lease inform one of our family the one you've trust for your investment not to put into waste.

no0dlepunk

sr. member

Activity: 490

Merit: 258

When that happens, then the btc will be there waiting for a genius to crack your wallet, or maybe somebody that is able to track your address. Anything could happen in the future that we haven't discovered yet. Technology evolves my friend.

allthingsluxury

legendary

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They are gone. Pushing up the price ultimately of all other BTC's remaining.

Goodday

full member

Activity: 448

Merit: 100

if I think personally if it happens to us and things we do not want at least we can trust one of our students to become heirs and understand the technology and also provide direction about crypto and teach it so that our assets can go down to the bottom .

deadpool02

newbie

Activity: 88

Merit: 0

Well, it's better to tell any trusted person in your family about your private keys because it's impossible to retrieve back the lost amount if you are die.
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Topic: What happens if we die? - page 6. (Read 5626 times)