My next of kin is my younger brother and he share all the information to everything that concern me. Infact he knew about my bitcoin account and I trust him very well. If anytime am no more he can continue with account and make use of whatever I have. He also share his own information with me too.
My son told me his password and all information of his account in bitcoin. No matter what happen I know what to do. And my personal account I told him too. Me and my son we have secret each other were bestfriend.
Topic: What if a person died with BTC!! - page 10. (Read 2250 times)
if a person dies with BTC, without leaving behind the details of his wallet to his beneficiary, then his BTC is gone forever. it is advisable to include your details in your will for your beneficiary
What will happen??
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
That is a very good question, unexpected death of a bitcoin user. Then, you have to be ready and I suggest to store some things in case of these scenes. One thing is a notes of those accounts. Aside from the materials you use for your transaction you have to jot down the things to get it from, even a step by step if none of any person you want to live those know how to. The accounts can never be opened by anyone and no one of the people behind the system know about you and what just happened to you to do an action. Therefore your bitcoin will still be in case.
Then it will be lost forever if he didn't pass on his password to someone. 
It's better to take insurances. Having a good security of our credentials is definitely good but we should also take a step in making those accessible for the one we trusted in life. Simple writing on a piece of paper and keeping it somewhere safe is okay. If ever we die at some point while holding bitcoin, we can entrust those to our relatives so that they will take benefit of that amount and will continue to help them even if we are not here.
What will happen??
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
BTC is an online currency, if the person dies no one will make use of it unless he/she shares he's or her informations on BTC then that is when he can have a successor of his or her BTC wallet. It is just like having a physical property were you decide where or what will you do on your properties when you die, but just like any other properties as well it can be stolen from you from people who knows your secret files or in BTC, your BTC wallet account infromations. Hope this helps!
The best way to do is to let your love ones or a trusted person know your private information to access your account so that if you will died they can still access your account to cash out the money and add on for the expenses of your family's daily consumption or you will continue on what he/she been started to continue financial aspects as the way of income.
You're right bro, the private credentials of the person who died should give to the trusted person in order the bitcoin will still be part of the circulation in the network because if the bitcoin can't be accessible it will stocked forever in the network which will never be used as a part of the circulation of the bitcoin. Hoping that all of us here in the bitcoin community will give their credentials to the trusted person so that if the users will died it can still be accessible and part of the network in the bitcoin.
yes it is, for every anticipation, we better do the best thing is to divert hands to our brothers so that all can be resolved, because every life is not always there continue, sometimes also fate can be different.
The best way to do is to let your love ones or a trusted person know your private information to access your account so that if you will died they can still access your account to cash out the money and add on for the expenses of your family's daily consumption or you will continue on what he/she been started to continue financial aspects as the way of income.
You're right bro, the private credentials of the person who died should give to the trusted person in order the bitcoin will still be part of the circulation in the network because if the bitcoin can't be accessible it will stucked forever in the network which will never be used as a part of the circulation of the bitcoin. Hoping that all of us here in the bitcoin community will give their credentials to the trusted person so that if the users will died it can still be accessible and part of the network in the bitcoin.
The best way to do is to let your love ones or a trusted person know your private information to access your account so that if you will died they can still access your account to cash out the money and add on for the expenses of your family's daily consumption or you will continue on what he/she been started to continue financial aspects as the way of income.
The family or other people can use btc with they have the access to the savings: password etc. But btc will be in safe
Seriously.... I think if ???you have enough Bitcoins in your accounts...
Atleast if your married let your partner knows about it...
Nothing to do if your single..... Maybe you can try to trust your parents..... To give them your passwords...
Because if you die and you any know your accounts.... Then probably your accounts continues.... Until someone will notice that your accounts had been inactive for the last five years...... Then the management will do something about it...
Atleast if your married let your partner knows about it...
Nothing to do if your single..... Maybe you can try to trust your parents..... To give them your passwords...
Because if you die and you any know your accounts.... Then probably your accounts continues.... Until someone will notice that your accounts had been inactive for the last five years...... Then the management will do something about it...
Of course, it is should keep this in mind, and it is possible to store information and backups of wallets with instructions in an encrypted repository to which the family will subsequently have access. By the way perhaps in the future, computing power will allow access to the wallets of deceased owners.
never think like that !!! thanks for this question
I will make a copy for my wife and told her to save this carefully .. and also told it dont sell it if price dont touch 100k /btc
I will make a copy for my wife and told her to save this carefully .. and also told it dont sell it if price dont touch 100k /btc
What will happen??
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
|I think the bitcoin number of that person can disappear in the right way. If many people who own bitcoins die, I think the amount of bitcoin circulating in the market is decreasing.No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
When I start use bitcoin I told to my family about it, and my mom know about it and my private key also my sister I teach her about it and how to use it. And if there something happen to me my sister will continue whatever my doing.
I have already thought about this issue and have created a safe envelope with important information to give to my family in case I pass on. Keep it in a safety deposit box or with a lawyer and treat it just like any other family valuables.
I thought people who own Bitcoin live forever. Isn't that why there is this big craze right now?
No, No, won't ever happen.
No, No, won't ever happen.
It makes your penis longer too.
Oh and the guy on the right (Dave Kleiman) who was friends with Craig Wright was co-Satoshi.
And he is dead.
https://gizmodo.com/this-australian-says-he-and-his-dead-friend-invented-bi-1746958692
Preparation needs to be done. We must think with various risks in the future as holders of assets in the world Crypto. Teach our tedekat (Dad, Mother, Brothers, Sisters, etc.) who can certainly be trusted to manage our assets, if we suddenly face death. Therefore, prevent better before it's too late.
Unless that same person has a family or even a relative that knows or even have a smidge of knowledge about the encryption password, wallets, and address of this dead person, then they may access these and they can either continue on what the person left or sell it and use the money on something else. Otherwise, it's pretty much gone.
I thought people who own Bitcoin live forever. Isn't that why there is this big craze right now?
No, No, won't ever happen.
No, No, won't ever happen.
Yes I share also the information about bitcoin to my wife if in case something happens she know that I have bitcoin already. That many people get money about that site.
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