What happens with my crypto when I die? - page 35.

Gila uang

newbie

Activity: 168

Merit: 0

Quote from: ToddDiaz on March 14, 2018, 06:00:32 AM

If no one has your passwords and passkeys to your wallets or whatever storage you use then I am afraid those coins are gone forever. You would always put it in a will like you would other properties and investments, write the passwords and passkeys down and have it specified who and who gets the passwords and passkeys so they can get your crypto when you die.

I think it is best to enter all information wallet you as soon as the family you found it or you can tell them if you go to the procedure how to make money for could not work may no one can be done and if a few years have passed, the price you remove the very large

Janpura

newbie

Activity: 116

Merit: 0

Quote from: runCRYPTOrun on March 07, 2018, 06:27:40 AM

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.

To avoid loosing your account in crypto, while you are still alive when you have a wife or children who anyone else that you want to trust you should give to them your private key let them know and access your account.

Dayan1

full member

Activity: 388

Merit: 100

All-in-One Crypto Payment Solution

Your cryptocurrencies are still in the internet but it depends on you if you have person that will inherit your bitcoin like someone that you really trust so if you did that then your bitcoins will not just die and it will continue its life from a new bitcoin user which is the person that you trusted to inherit your bitcoin.

satria2

member

Activity: 297

Merit: 10

Quote from: Babylon on May 18, 2018, 08:35:05 AM

Nothing would happen to your crypto if your family doesn’t have control over it,
It would just be stock ,
The only way that you could secure your crypto is by using an off line wallet and make sure you have some back ups to the offline wallet incase you lost it.

It's true, it will not affect anyone until whenever the internet network can not be reused.

Spanopohlo

full member

Activity: 322

Merit: 101

Aim High! Bow Low!

PArt of the update was true to its senses making The crypto Inherited by the one you trust, making a last will and testament saying I leave all my earnings to my son and the passcode is given to you attached on this letter. YYou can also say goodbye to all your earnings when you just kept it to yourself never thinking about others and their wealth. So, just be practical and do what you think is right for both parties.

Babylon

hero member

Activity: 938

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Nothing would happen to your crypto if your family doesn’t have control over it,
It would just be stock ,
The only way that you could secure your crypto is by using an off line wallet and make sure you have some back ups to the offline wallet incase you lost it.

Ehrakeziah

jr. member

Activity: 217

Merit: 5

Your death is the end of whatever you have,it does mean,all of yours pertinent to cryptocurrency will be forfieted. There's no one can be benifited of that,unless you shared already to your love ones,relatives,or the others a lot of informations before you died.

Cutieh01

newbie

Activity: 98

Merit: 0

Quote from: xSkylarx on March 07, 2018, 11:19:51 PM

Quote from: okour999 on March 07, 2018, 06:38:09 AM

maybe there's nothing to do and if some years have passed the price of your hold is great, but it's best to put all your wallet info just as soon as your family finds it or you can tell them if you go procedure how to make money for not being able to work

I guess it is too hard to predict the time when we are going to die, don't you think? There are different ways on how people die, slowly or instantly. So, there is nothing we can do if we die and our family doesn't even know where our cryptocurrency is, and the cryptocurrency of yours would remain in this world because you can't bring it on the others side and trade, lol.

It's better to a make a testament of well to ensure that even when you're died your wealth or crypto has been given to your heirs. Be sure that everything (private keys) are stored in a proper storage and make a backup storage. Nobody knows when we're going to die it's better to be prepare than everything will be vanish.

maitexisi

jr. member

Activity: 146

Merit: 1

You can only use your wallet with your keys and take out your encrypted currency.

If no one knows your key and password, it will be lost forever and always in your wallet.

3philong

member

Activity: 434

Merit: 10

Sometimes I think of this too. And honestly, I think they will be buried with us. But with the other risks, I think we only need to store the security key is not a problem

vonnyaries

full member

Activity: 350

Merit: 100

from your post i read many possibiliteis with your wallet lost, as long you dont have any backup of your wallet like private key and other things i think its immposible to recover your bitcoin and other wallet, because the private kay is like encrypted code and nobody can reverse it, which is you will never open your wallet and can't do some transaction while your private key lost

benhill

newbie

Activity: 304

Merit: 0

To avoid total loss of your crypto when you die is to let one of your child that you trust have access to your accounts that is, knows the details of your accounts,e.g password, email address, public and private keys and others that may required. The child that have interest and already in the system.

russaa8

member

Activity: 154

Merit: 12

Quote from: enwi on May 11, 2018, 08:00:56 AM

if you die and you have lots of crypto then your crypto will be a treasure because no one can get into your wallet and take your crypto if you do not tell anyone about the password you have, so you should tell your walet password to your family or person that can be trusted

That's what I'm going to do. I think that family members should know about what I have in the crypto currency and how to get them later.

pheonyx

newbie

Activity: 136

Merit: 0

Quote from: runCRYPTOrun on March 07, 2018, 06:27:40 AM

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.

You know what, it is a silly question indeed. But what I can say it's full of sense as well and I don't think there is a solution to this, what I am sure is to withdraw it, never put big amount in your crypto Wallet because if you lost your access on it or if you die, your wallet will be like be an abandoned paradise.

PG13

member

Activity: 322

Merit: 10

Quote from: runCRYPTOrun on March 07, 2018, 06:27:40 AM

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.

In my own understanding when you die your coins in your wallet will still there as long as your dependents know your private key. You should orient your wife and children about crypto to make sure that they will continue or cash out your investments.

pekavcilar01

newbie

Activity: 238

Merit: 0

After you die, nothing happens to the coins in your account. If someone else does not know your account, it will still remain. No one can reach it.
He goes with you to eternity.
No one can touch your accounts.

Radio-Active

member

Activity: 523

Merit: 10

YOUC - https://www.youengine.io/

Your cryptocurrency coin will be there, in your wallet forever if no one know your password.
I suggest you to save your backup, and give it to your family or trustable relatives.

Getcoinsite

sr. member

Activity: 714

Merit: 260

Quote from: runCRYPTOrun on March 07, 2018, 06:27:40 AM

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.

I am very professional regarding my funds in this crypto community,thats why i make sure that every single details of those are accounted,secured and assured to be distributed incase of emergency and importantly when times of death,thats why my addresses and passwords are written in physical paper that attached in all my important papers that has been introduced to my son and wife,so incase of those situations i am sure my funds will be on right hand and those are my family

tunapa

jr. member

Activity: 667

Merit: 1

Everything ends after death, you are no longer in control of anything in the physical realm. Its eminent that our we keep safe our private keys, password, should be written on a paper or dairy to ensure there is last opportunity for recovery of your funds in case you lose everything. These details will help to login again to your wallet and be happy.

SPQR_Legionnaire

jr. member

Activity: 34

Merit: 2

I keep my recovery seed in a safe at my parents home which is in another country to me. This is both as a security measure and for if I die unexpectedly.

Topic: What happens with my crypto when I die? - page 35. (Read 3042 times)