Topic: What happens to the coins after your death ? (Read 2443 times)
They will be human biggest legacy, the technology i believe will useful for hundred year from now, and your own coin, it will be your valueable private legacy to your grandchild, so dont forget to store your keystore and private key safely.
coins will not be anything, I think right now if you have bitcoin assets you have to tell your wife or children so that they can become assets for them in the future. if we don't tell anyone, the assets are useless
this is a very uninteresting topic to discuss.but I will try to embrace a little about the topic, of course we have someone we can trust such as friends or family who have close relationships with us, so we can give everything to them for what we have experienced so far. and they are free to choose whether to sell or continue what we have been doing so far because bitcoin is
In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
If you do not share your private phrase or private key with your family, your Bitcoins will be encrypted in a specific digital block of the system forever. No one has the ability to control them without your private key. It's best to keep your private key hidden and go with some clues to help your family recover them after your death.
Also, if you use an exchange service or store your Bitcoin in a custodial wallet, there is a famous saying "Not your keys not your coin".
But when you think about it, I am sure that only a minority of people involved with cryptocurrencies has prepared a sophisticated emergency plan such that after an unexpected death the family or whoever has a real chance to retrieve all digital assets with ease. When you are into crypto for a long time and you hoarded coins from all those different networks out there, perhaps possess a multitude of wallets, you know what I am talking about. That requires effort on your behalf to also keep that up to date, to store it in structured and organized ways and to also take care of it frequently as if you were expecting to die in an unexpected way. Not many people do that.
coins will not be anything, I think right now if you have bitcoin assets you have to tell your wife or children so that they can become assets for them in the future. if we don't tell anyone, the assets are useless
assuring someone will benefits from your crypto assets, because we cannot tell what will happen in the future , there might be accident or something that can make our life gone so let our love one has an access to it at least after we died . coins will not be anything, I think right now if you have bitcoin assets you have to tell your wife or children so that they can become assets for them in the future. if we don't tell anyone, the assets are useless
Death never comes in human life, a person can die at any time. So if you have entered the world of cryptocurrency, all your documents will be among your relatives whom you value the most Believers can be handed over to him. If he has some knowledge in the world of cryptocurrency, he will be able to recover the property you left behind. 
In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
If you do not share your private phrase or private key with your family, your Bitcoins will be encrypted in a specific digital block of the system forever. No one has the ability to control them without your private key. It's best to keep your private key hidden and go with some clues to help your family recover them after your death.
Also, if you use an exchange service or store your Bitcoin in a custodial wallet, there is a famous saying "Not your keys not your coin".
My coins will be lost I do not have any plans to put them into a will or allow anyone access to my Bitcoin. I can not trust any one enough to put something in place in case I die. I wish there was a trustless way of doing this but I do not think there is and I won't trust any one even if they are close friends.
Already we've got more few millions of Bitcoin sitting idle on different addresses and can't be retrieved, because those are lost. What you do adds to that and it doesn't contribute anything to the network, so good is to register for a vault and secure your private keys on it. If something happens to you, those things on the vault will be given to the name you've added as nominee on registration. Coins will not be lost or die. even if we die, so the coins will forever be in our wallet. It is important to take small notes and teach our children about crypto. Then give the private key to them to be inherited.
We must teach our children about cryptocurrency, so that after our death our children can use the cryptocurrency we left behind. That's why I'm my cryptocurrency I will write down all the passwords in the notebook and leave them among the children. In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
Im storing my keys or seedphrases into several number of USB's or backups with have some notepad on it and telling those information or instructions on how to access my coins in case i die.I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
I would let them know first that if ever i do pass away those USB's should really be opened but i havent told them that there are fortune inside it and since i dont earn that much or save significant amount
but still that would be a good amount that could give out some good life or savings.We dont hold our own lives this is why we should be prepared at least.
My coins will be lost I do not have any plans to put them into a will or allow anyone access to my Bitcoin. I can not trust any one enough to put something in place in case I die. I wish there was a trustless way of doing this but I do not think there is and I won't trust any one even if they are close friends.
I am trying to figure out the best way to give that information to my loved ones, without giving them the information first before I die. Is it cheap to rent out spaces where you can store notebooks with passwords on it. I don't even think these kinds of establishments exist. Put everything in a notebook and then just leave it in a pile of your personal documents, waiting for them to see once you are gone. I think that is they only way. Specify that it is cryptocurrency so they should find someone with the knowhow and retrieve those coins.
You can rent space in a safe deposit box in a bank and put important papers there, however there is one big problem and that is that many governments have the ability to open those boxes without notifying you or asking for any legal order, which means that if the bank in which you have that information is investigated by the government for some reason those people could steal your coins and there is nothing that you can do to protect yourself from that kind of attack.and would really be putting it on problems into those papers or whatever things you had left on that deposit box.
You wouldnt know on what would happen into next days because situations like this could really happen unexpectedly.You cant really trust up any institutions or services out there about
storing up important belongings of a certain person specially if government would really be making decision.
I am trying to figure out the best way to give that information to my loved ones, without giving them the information first before I die. Is it cheap to rent out spaces where you can store notebooks with passwords on it. I don't even think these kinds of establishments exist. Put everything in a notebook and then just leave it in a pile of your personal documents, waiting for them to see once you are gone. I think that is they only way. Specify that it is cryptocurrency so they should find someone with the knowhow and retrieve those coins.
You can rent space in a safe deposit box in a bank and put important papers there, however there is one big problem and that is that many governments have the ability to open those boxes without notifying you or asking for any legal order, which means that if the bank in which you have that information is investigated by the government for some reason those people could steal your coins and there is nothing that you can do to protect yourself from that kind of attack. In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this
Now I don’t have neither a spouse nor children, but when I get married and have children, I will make them learn all the seed phrases and passwords, and I will leave them my cold wallets and all accounts, of course. I suppose that my children will be familiar with Bitcoin, blockchain technologies and all innovations, so they will know what to do with this digital heritage.
I would be very careful with anyone and in a best case scenario it is a friend who in relation to your crypto wealth earns enough wealth himself or herself to not be tempted to ultimately betray you. If your best friend is known to be in (financial) trouble, with all due respect it might still not be the perfect decision to entrust him with keys to your cryptocurrency wealth.
I wouldn't do that if I were you. Even brothers, sisters, and wives can do things you won't expect they would. If you are healthy or do not expect to die sooner like you have plenty of enemies trying to get you just keep your private keys and seed with you. I can see the logic that anyone could die any moment, probably won't wake up the next morning but at least give it to someone you know you can trust.
Having kids is a lot difficult actually. You don't know who to trust and if the ones you trust will also take care of your kids. A less bitchy sister I guess will help.
I know the chances are low, but you could also survive an accident and not remember where you put your private keys. I think you should have back up of some kind that represents an interface between you and your wealth that also involves a bit of trust. There is no way around it. The only way to eliminate that risk is to bear the other risk to really take it all with you into the grave. That would be sad, even from a social standpoint. You could also give your wealth to people in need instead of taking it with you into the grave.
Coins will not be lost or die. even if we die, so the coins will forever be in our wallet. It is important to take small notes and teach our children about crypto. Then give the private key to them to be inherited.
If you are healthy or do not expect to die sooner like you have plenty of enemies trying to get you just keep your private keys and seed with you. I can see the logic that anyone could die any moment, probably won't wake up the next morning but at least give it to someone you know you can trust.
Even you are healthy, it doesn't guarantee you to live longer than people who are sick. The reasons to die are varied, no one can predict how he will die and when it is. Because of this fact, we must prepare everything, including sharing our important assets with the most trusted person in our life. If you think your children or wife can be trusted, just give the priority to them. They are the nearest people in our life, always be there to help us every time.
If you are healthy or do not expect to die sooner like you have plenty of enemies trying to get you just keep your private keys and seed with you. I can see the logic that anyone could die any moment, probably won't wake up the next morning but at least give it to someone you know you can trust.
Even you are healthy, it doesn't guarantee you to live longer than people who are sick. The reasons to die are varied, no one can predict how he will die and when it is. Because of this fact, we must prepare everything, including sharing our important assets with the most trusted person in our life. If you think your children or wife can be trusted, just give the priority to them. They are the nearest people in our life, always be there to help us every time.
After the death of a person, not all worldly possessions are of any use to him. However, the property left behind may be occupied by someone of his lineage. I have written all the documents in my cryptocurrency in the name of my only daughter all the password security system notebook. My daughter will be the only partner after my death.
If that was going to happen am afraid to say these coins will be there just growing in value without anyone to claim them and I think this is a what happens with many crypto users bitcoins. And I think it's time to introduce family to this so that should anything happen they have some crypto to remember about should they decide to use it after am gone.
I think it important we share our wallet details with either our family member or friend. If one dies, and he/she have not informed anyone about his/her private keys. The coins won't be accessable. Am thinking of introducing cryptocurrency and how it works to my younger brother and probably give him my private keys, so in case am no more, he can manage my coins. Another important issue here is trust, you have to trust your beneficiary. To make sure he/she won't misuse your Cryptocurrencies Investments. 
If that was going to happen am afraid to say these coins will be there just growing in value without anyone to claim them and I think this is a what happens with many crypto users bitcoins. And I think it's time to introduce family to this so that should anything happen they have some crypto to remember about should they decide to use it after am gone.
It would be just wasteful if you do let all of your hardwork and effort would come to waste if those coins would be lost forever in the void when you are gone.We dont hold our own life and anytime we would really die no matter what age you do have right now.It is just right that you should be mindful about on how those coins would be passed up as inheritance.
You can make some will and tend to be opened only when you are gone which having corresponding instructions on how to access those wallet but of course before you die then you should
at least tell your family about crypto or just simply telling the basics.
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