What happens if we die? - page 9. | Bitcointalksearch.org

Memenya

member

Activity: 238

Merit: 10

Quote from: hosseinimr93 on July 29, 2017, 05:33:39 PM

Quote from: friends1980 on July 29, 2017, 05:27:21 PM

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.

Have a will on ourselves is not enough to gain back the bitcoin that already has no access because of die or other thing.
We need to put it safe and can be accessable to other people like family because of not then have a will only is not enough.

nikki4

full member

Activity: 496

Merit: 100

Well, if we die (the crypro people) and no one will follow our foot steps here in the crypto currency community, then a few people will remain I guess. So it is better that we should teach our family, relatives, friends and any other people that is interested to crypto currency and make them also realize the good deeds of this to our life.

Louvre

newbie

Activity: 28

Merit: 0

If you die no one will continue investing in crypto, so you must be sure to teach your wife or son or daughter about investing in crypto. I am sure that crypto will not die in the years to come.

basicbasiccha

newbie

Activity: 91

Merit: 0

Well all that can happen to our lives and the number of coins will continue to fall if no one knows our key wallet, I would rather give my family members a passphrase and specific instructions on how to unlock them if I were to die.

teeevnglst

jr. member

Activity: 154

Merit: 1

This is a problem with bitcoin it could go scarce and this is good thing since the price could go even higher if the supply is low this way we could all agree that this thing is good

Beck09

newbie

Activity: 25

Merit: 0

Quote from: Naster on July 29, 2017, 09:08:39 PM

Quote from: kidoseagle0312 on July 29, 2017, 08:58:50 PM

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 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.

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

A will is the way to go. Its one if your assets, and as such should be available to be inherited

bayu7adi

hero member

Activity: 1470

Merit: 555

dont be greedy

of course it will reduce the total supply of bitcoin in circulation, in other words if there are whales are dead, then only he knows the key to access all BTC it, then the total supply BTC will also be reduced because it is locked forever without any can open

ishinn99

member

Activity: 420

Merit: 11

BitHostCoin.io

Quote from: calandra78 on June 12, 2018, 10:00:14 PM

it would be nice right now we are giving knowledge to our closest people so that they know about cryptocurrency and can get access to all our assets if we will go home early

Yeah, I am also planning on this now as we cannot predict what's gonna happen tomorrow or the other day. Maybe I will need to write down all my passwords and all alts that I am holding now. But still hoping we can still have a lot of time in our lives.

mastery.jimmy

newbie

Activity: 93

Merit: 0

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. 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.

bitcoin31

hero member

Activity: 1834

Merit: 523

If you die today and even your family did not know what is bitcoin your money will be useless. You need to tell to your relatives you trust and tell about bitcoin and tell your private key once you die they can open it and use your money. But you need to tell also don't open until you don't die because maybe they open it without your permission.

BagzMM

member

Activity: 378

Merit: 10

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?

Well, In my opinion, we need to have someone who can trust with. Then teach them how bitcoin works.

Dava.Dina

full member

Activity: 296

Merit: 100

Death must be inevitable, no human being can escape the reality of death.

We all end up dead so if we have some important assets that might be left behind like Bitcoin.

So before I die I will teach my children and my wife to know how to use Bitcoin and if something bad happens to me then they can use my account in this bitcoin so they can forward it.

jhonvir666

jr. member

Activity: 210

Merit: 1

Right, the coins will definitely not be restored forever. That's really the reason why plans about their coin recovery in these situations are the reason for the forums. And right, when the end of mining is actually going to be lower than the total of coins it is moving.

Df9898

newbie

Activity: 196

Merit: 0

bitcoin we will die if we die because we protected value of bitcoin.

duc4487

newbie

Activity: 131

Merit: 0

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

)

Ekimzjames20

member

Activity: 348

Merit: 10

Quote from: loraalbert on June 12, 2018, 11:00:55 PM

Quote from: dwieyani on July 29, 2017, 09:35:12 PM

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.

When you die and can not leave any small sample of inheritance or a private place to find, the value for money will be hashed forever. And that would be the fact that in the next cycle when mining is no longer appropriate. 21 million bitcoin can be left only 15 million. Roll Eyes

For me if i die, my husband will take over my bitcoin. Because he is the one who introduce me how bitcoin works. And probably our children will be soon to become a bitcoiners. My children know about bitcoin but they don't know yet the process. I'll wait a little time to teach them how.

julielyn

newbie

Activity: 186

Merit: 0

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?

All of us are going to die with that, so I will teach my children how to bitcoin and my husband for knowing how to use bitcoin and if something bad happens to me then they can use my account in bitcoin so I can pass them on I know bitcoin so if the day came when I was no longer ready I would not have to breathe because they used to use my bitcoin account.

qwertyuiop0987654321

full member

Activity: 185

Merit: 100

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?

If people die then the world will be as it is. Nothing will upgrade nor downgrade. There will be no one to invent things.

cyberkuto

newbie

Activity: 168

Merit: 0

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?

The good thing to do is incase someone happens, you should have trusted at least someone to know about your password something like that, your husband/wife will do, just making sure than having the money gone with you.

vonnyaries

full member

Activity: 350

Merit: 100

actually the bitcoin and all coin that you save in that wallet will not dissapear, the bitocin and the other coin will be in that wallet forever until somebody open that wallet with match private key, as long they not find the private key, the bitcoin and ither crytpcurrencies will in that wallet foerever and ever

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