If there is a will then definitely there will always a way, actually many ways to choose from.
DEATH?
- why you need to worry if you can sharr your private keys to those you love the most, the reason for you to invest in bitcoin. Like in my case, i invested for my children’s education anf for their future. So, my children already knew where did i put all my important document and that is how i trusted them that much.
FIRE?
- there this thing called fire proof deposit box. Well, it is a must to have it in everyone’s household for the safety of our important documents and assets not just our bitcoin private keys.
LOST?
- even if you’ve lost our gadgets that has access to our holdings. There is nothing to worry about that also since our private keys are with us. Just make to secure our wallets with password from our mobile phones or computers so that no one can ever access it other than us and our trusted loveones.
Topic: What happens with my crypto when I die? - page 34. (Read 3042 times)
Silly question right? 
Unless there is a backup method or heritage system it obviously vanishes for eternity, but the point was to discover methods that you are aware for avoiding such risks.
Well, it's not a risk, it's a certainty, but there are other risks of losing access to the crypto account aswell.
Some like:
* death... obviously
* house burns down along with hard wallet
* one can accidently loose his cold storage or hard wallet
* maybe other you figure out and I add them
So, what storage do you use to ensure your savings, or what do you think would be the best solution to overcome these risks?
UPDATE: I started this discusion because I can't see a decentralized solution for that, most of the centralized ones are largely known (wills at layers, online wallets and so on) but do not meet the security criteria as still imply a trusted party. Better simply handover the private key directly to the inheritant IMO.
What I want to determine is if it IS realy a concern for the comunity or not, and if yes than we can contribute all together to the creation of a such product. But again I realy do think it should be built decentralized and trustless.
Yes, this is purely a silly question. It is because no one can escape death. Also, a normal person will think about on prolonging his life rather than thinking what will happen to his bitcoin when he does. Another point is that you must wholeheartedly pass it to your offspring or descendants or your wife if she/he is alive. Just keep it in different digital wallets or at banks so it is secured. Unless there is a backup method or heritage system it obviously vanishes for eternity, but the point was to discover methods that you are aware for avoiding such risks.
Well, it's not a risk, it's a certainty, but there are other risks of losing access to the crypto account aswell.
Some like:
* death... obviously
* house burns down along with hard wallet
* one can accidently loose his cold storage or hard wallet
* maybe other you figure out and I add them
So, what storage do you use to ensure your savings, or what do you think would be the best solution to overcome these risks?
UPDATE: I started this discusion because I can't see a decentralized solution for that, most of the centralized ones are largely known (wills at layers, online wallets and so on) but do not meet the security criteria as still imply a trusted party. Better simply handover the private key directly to the inheritant IMO.
What I want to determine is if it IS realy a concern for the comunity or not, and if yes than we can contribute all together to the creation of a such product. But again I realy do think it should be built decentralized and trustless.
nice topic; at least right now there are a lot of transaction who were lost maybe either for a basic error like wrong typing an adress of a wallet. Is really hard to find a decentralized solution for solve these problems, but i'm pretty sure there are some dev who works on it
Perhaps this question is good, but if we are afraid of death, no one will enjoy our altcoin, we should show our wife and children how to trade altcoin, how to withdraw cash. That is the best way you will rest assured. dont worry.
I think if ever when a cyrpto holder dies and no one knows about your cyrpto account it will maybe useless your the only pne who knows about it. Much better if you make a list of your password,waller etc so your family will have an access in the event you die. So all the effort you made in cyrpto will have worth for the sake of your Family.
If no member of your family has access to your wallet when you die it dies along with you, for you to avoid such and watching all your hard earn coins waste while in the grave let a reliable member of your family have access to your wallet thanks.
The hardest part of crypto currency is listing of pin and crypto wallet information. I will advice people to at least share their secret pin with their wife or child to avoid a big mistake when someone dies , so that your crypto currency will not be a wast to your family when you die
Hahahah you mind that ? 
me too by the way. maybe you must teach you're kid about crypto
me too by the way. maybe you must teach you're kid about crypto
It will be best your drop your password and keys to your wife or the person you have choose as your next of kin ,in that way after you join your Forefathers some should have access to your wealth.
Perhaps the problem that often happens when someone starts to plunge into the online world is losing the key to store an asset so that condition can make a person panic and could be afraid when want to do various activities about the online world in the future.
If you want to transfer someone your bitcoins by inheritance, then make sure that he gets the data to access your wallet. But, it turns out, the exchanges have a policy of transferring virtual currency to the next of kin. However, they are reluctant to discuss this issue, fearing that fraudsters will use fake death certificates to appropriate strangers' bitcoins.
it will be safe but it need someone to give the correct information and collect your things.
choose someone who will take the responsibility on behalf of you and give your personal info.
Anything can happen to anyone at any time the chances to suddenly die are slim but they are not non-existent. Strokes, accidents, heart disease and so on, in case of a sudden death try to be transparently share the keys to your trusted children and tell them how crypto is all about.
in this case you can share your personal information to someone whom you believe. so that, after you he/she can use it.
Pass down your paper wallet to a family member.
People die everyday and there are investors out there who owns cryptocurrency that passed away. The deaths of investors are basically HODL their crypto coin. Which keeps the value of their coin to never reach zero.
People die everyday and there are investors out there who owns cryptocurrency that passed away. The deaths of investors are basically HODL their crypto coin. Which keeps the value of their coin to never reach zero.
Well you lose your crypto coins when you die and they are lost forever and just add to the coins that are not coming into the market ever. Thats why if you have a big enough hodling than you either let someone close to you in your family about it or make a will in which you mention the private keys.
if I die. although I myself am afraid to speak with death.all the assets I have will be a legacy for my children and my family. because bitcoin Although still only the picture and there is no form in the real world. but the results we can enjoy in the real world like paper money .
If you have a personal key to generate the correct signatures, you can dispose of the currency. If its owner dies and does not leave a password after itself, the currency remains inaccessible forever. On the other hand, if you can access the computer of a deceased person, it is possible that you will have access to his bitcoins.
Anyway no one tells it all. It does happen and it maybe anytime any day..But my humble advice is you can always share your private key with one of your trusted member of the family.Like i really trust my only sister and our last son very well,she has my private key even now.
Hope someone will developp an app that could transfer your Bitcoins to another wallet if there's a too long inactivity?
That's what I would do if I knew how to make an app with smart contract
That's what I would do if I knew how to make an app with smart contract
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