What happens if we die? - page 8. | Bitcointalksearch.org

Angel882

newbie

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Quote from: friends1980 on July 29, 2017, 06:27:21 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?

Well, for such a problem you should tell bitcoin to your family "the benefits and use of bitcoin" so bitcoin can be directly inherited to your family.

ArnoldChippy

hero member

Activity: 700

Merit: 500

Quote from: david tex on June 18, 2018, 05:15:35 AM

If you die when you hold bitcoin in your wallet and without sharing your privacy key to anyone it will be gone forever. Therefore you must prepare everything for the future.

That is even very normal in our daily life, if you will not share your information about your property no one can know about it and all your property will gone for ever, you need to share your information about your online wallet as well as your bank accounts if you want you family to know about your property and assets and after your death they can easy get all your property.

Wyne

full member

Activity: 531

Merit: 102

Quote from: friends1980 on July 29, 2017, 06:27:21 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 a bitcoiner die and his family doesn't have any idea about his bitcoin possession is very unfortunate phenomenon but realistically, it might happen so your observation of decreasing number of bitcoin circulation due to this circumstance might occur. This is the reason why I think it is our responsibility to share our knowledge in our family members about bitcoin so they will be familiar with it and can access your possesion in case something bad happen to us. I think this is the only key to prevent the decreasing number of bitcoin circulation. Some people might think that having a program to recover lost bitcoin is the key but I found this very risky that might be use to hack other account in the future. So, we have to be aware of it and prevent it through education dessimination in our family.

ahmedbrown

jr. member

Activity: 116

Merit: 1

A good observation there, thats why is good to carry one or two of our immediate family along in cryptocurrencies matter will involve. Am not saying will should let them have access to our private keys and password immediately but teach your children and wards what cryptocurrency is all about what all aspects you engage in. You can later will and documented your password and private keys.

jeepuerit

member

Activity: 306

Merit: 15

Quote from: friends1980 on July 29, 2017, 06:27:21 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?

The currency was gone forever. 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. So as early as you get involve in bitcoin world you must tell them.

Veterock

member

Activity: 238

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Of course your coins will be lost forever, if your relatives are not so smart)) Therefore it is better to write a will)

hulahup

newbie

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Quote from: friends1980 on July 29, 2017, 06:27:21 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 think the dead are obligations, but our BTC will live even though our little boy does not know. then from now on we teach them who knows when our time immediately died.
the passion for bitcoin users, bitcoin could save the lives of our children's spirits ...

quocsi

full member

Activity: 360

Merit: 100

I agree with you. I have seen many cases happen. When many investors keep secrets about what they are doing and a sudden accident comes to him and he does not say the password to his loved ones. And his bitcoin kept in his wallet forever. So, we should share the work you are doing and say the password to the people you trust.

Bonnie Cleary

newbie

Activity: 23

Merit: 0

if you invest in bitcoin in future you will die so just you have only one way in our family tell every thing about the bitcoin .how i am invest and this is my kyc and all details about your account .if you don't do that so you lost all of money .

robertpcrypto

newbie

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Die for bitcoin or ?

Tosg399

newbie

Activity: 27

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When a person dies, physicians usually check for cardiac death (when the heart stops beating) or brain death (when there is no more electrical activity in the brain), O'Connor said. [Are 'Flatliners' Conscious After Death?]

If someone is a "vegetable," that means there is no more brain activity, and that life support is keeping the organs functioning. At that point, "legally, the life support is turned off because they have died," O'Connor said.

These two types of death — cardiac and brain — are used no matter how the person died. "It could be a sudden cardiac arrest, when the heart stops. It could be a bad trauma, when someone has a lot of bleeding and then their heart stops because there isn't enough blood flow," O'Connor said. "Or, you could have a bad neurologic injury and then have a brain death, where your brain doesn't have electrical activity, and then your body would follow."

david tex

newbie

Activity: 117

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If you die when you hold bitcoin in your wallet and without sharing your privacy key to anyone it will be gone forever. Therefore you must prepare everything for the future.

Remainder

hero member

Activity: 949

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Theirs no statistic of bitcoin holders die everyday but I think many bitcoin holders die everyday and their holding will become useless, it result that bitcoin volume decreasing.
For me, I already share my wallet and keys to my wife so whatever happen it is safe when them for our family.

henry 94

newbie

Activity: 95

Merit: 0

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.

bongbong2014

jr. member

Activity: 168

Merit: 2

This may also be the reason that a bitcoin disappears.

lonlonmarlon

jr. member

Activity: 140

Merit: 1

For me when the bitcoin is die more people or users are be sad for this news and more people are be angry because of that but when this is not a true more people happy and also me.

doreraj

jr. member

Activity: 173

Merit: 1

who knows I prefer to believe in some good variations Grin

like even if BTC is dead altcoins open it's possibilities and BTC, not more make them move according to his manipulations...

estupido

newbie

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I think if I die that will happen is the fate of my son that I can not guide directed to the way that I think is better and right for his character

hermae

newbie

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Quote from: duc4487 on June 13, 2018, 12:16:52 AM

if we die all crypto we have it will disappearred forever in the world because nobody can find your wallet to use your money,maybe it will become treasure for who will find your private kye

)

If we die and nobody knows our private keys, then the coins we have can be useless because nobody can use it anymore, it will grow eventually, depends on its price, but still no one can use it. Unless if we die not a sudden death, then we can leave the private keys to someone whom we loved and trusted the most so they can use it and make it grow even better. Making a last will testament is also a good idea especially if we have much coins in our wallet.

Ale88

legendary

Activity: 2380

Merit: 2369

Quote from: friends1980 on July 29, 2017, 06:27:21 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 nobody knows you have bitcoin or how to get to them then yes, they're lost forever unless someone is able to hack your wallet. For this reason you better leave some instructions of what bitcoin are and how to get them to someone very close to you.

Topic: What happens if we die? - page 8. (Read 5594 times)