What if a person died with BTC!! - page 11.

futile-resistance

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Quote from: wildflower18 on December 18, 2017, 04:07:20 AM

Quote from: Boy0411Play on December 18, 2017, 03:59:41 AM

Depend if he/she has backup and someone know the backup it still can back but if he/she doesnt have backup it will be lost and you will never can get that bitcoin back

Yes it is still depends, so if a persons will died and love ones dont have a copy of a private keys all of your wallet of btc will also not open. We know we dont know whatever will happen on us anytime, so better save and let your family knows about your wallet.

That is so awful if someone put so much effort in earning bitcoins and he had a plenty of them and then immediately this person died of anything, these all bitcoins will be just wastage if he hadn’t told any person the private key of his wallet.

Such incidents have been seen on the news and this is happening with so much high rate. I don’t understand why people don’t trust their own families.

BitcoinPC

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If person suddenly die who have bitcoin, then if no one know about his bitcoin then on his computer his bitcoin always be save on it. If his family members know about his password then the problem will be solved. Otherwise his bitcoin always be remain in his pc.

Kittygalore

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Quote from: rddsd7 on December 08, 2017, 06:38:26 AM

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 don't think that's the problem? I think you are haha. it will be dependent on the person who are engage in btc. If that person is open to his family and his family knew about the account then it will good. Because if that time will happen, the bitcoin will be useful to their family. If not, then that's his problem not yours. It may lost but who cares? Only the owner and bitcoin.

thenameisjay

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Quote from: rddsd7 on December 08, 2017, 06:38:26 AM

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.

The bitcoins would have disappeared in the circulation. It can only be accessed if a family member knows the bitcoin address and knows the encryption password to take the bitcoins away from the wallet. However, if the family member does not know anything about their bitcoins, it's definitely lost.

Spoetnik

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FUD Philanthropist™

What like Satoshi ?

Yousint0r

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Quote from: rddsd7 on December 08, 2017, 06:38:26 AM

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.

when he die maybe his family will never know about how much have with bitcoin but i found some users say they lost password with 100 bitcoin and other lost 46 bitcoin just because he use unsafe pc

CryptoCoin8487

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I AM HAPPY TO BE A TRADER

This question came to my think also what will happen to the bitcoin if no one knows about it? Its will lost forever since no one knows and no one can get that bitcoin too. Will it means that bitcoin supply will reduce too until no more?

dupee419

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If a person died with bitcoin what will happen? If a person died the bitcoin will be lost because the person is no longer to claim or use it because he is already died and i think if it gonna happen to me i will give my bitcoin to my son or daughter or maybe to my wife so they can use it and i will explain to them how to use it even im dying

anushkasachith888

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anyways if someone died with BTC if he has not given details of access details to BTC, that BTC will remain in his wallet forever. that's as simple as it is.

mkcjeewantha

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https://exiptoken.io/

good quection.. Wink

so if that person has a wife or children he can give passwords and 2-factor authentication and emails and all. so if that person will die before that yeah, unfortunately, no get those BTC out of that wallet.

Kobro

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Actually fate can not be denied, if it happened just regret that we feel.

If the person dies and he leaves his BTC then it can not be taken,

It would be nice among our families to be given a copy of the private key for the brother or person associated with Bitcoin, and how much we have BTC, so the abandoned family get ya ... a kind of Inheritance from the person who left us from this world

mutrang23

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Quote from: rddsd7 on December 08, 2017, 06:38:26 AM

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.

Renampun

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Quote from: rddsd7 on December 08, 2017, 06:38:26 AM

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.

of course, Bitcoin left by the dead person will be lost, because most of the wallet is now very safe,
even the wallet maker cannot get into the wallet of the consumer...

bharal07

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What if someone dies with btc? is it hard to believe that? especially if no one knows his password on his wallet because of his accents? so it's hard to just end it then you're dead bitcoin when you're in it? then no one knows your wallet passcide? so it's hard. so my parents know my wallet passcode. for if I just lose it and least know my passcode.

LogitechMouse

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If the person dies and he lefts his BTC then it cannot be retrieved unless there is another person that knows your private key or if that person can access your device that you are using in logging in. Another way is by giving a hard copy of your private keys to your relative or anyone who is related into bitcoin.

imyashir

copper member

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Quote from: rddsd7 on December 08, 2017, 06:38:26 AM

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.

if a person dies and has a bitcoin store it will not lose its bitcoin but it will not be accessible unless he shares his private key with his family can still access the bitcoin of the deceased owner.

I have a prediction on bitcoin. I just thought about it and my mind. In 2009 it has been possible to use faucets and claim that their bitcoins from the faucet site. since the price is not yet so high that many of them have neglected their bitcoin. so now the bitcoin's supply is lacking so bitcoin's demand increases.

Treshkilling

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good question for discussion, people have to understand that and to trust his account of a reliable person or as a Testament to transfer your bitcoin address

anushkasachith888

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Quote from: francesyrus on December 08, 2017, 06:44:23 AM

Quote from: rddsd7 on December 08, 2017, 06:38:26 AM

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.

If a person with BTC and have a sudden death his/her BTC will still be in the network, unless he/she saves all information about his/her btc on notepad and can be easily access by his/her family. Like me all my online password are save on my pc.

In case someone could access to your PC with bad intention you will loose your all BTC. Sad

I have written all password in a book. I think it is safer than store in the PC.

kumara

newbie

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Quote from: rddsd7 on December 08, 2017, 06:38:26 AM

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.

Sounds silly. Cryptocurrency is not going away in your lifetime or that of you grandchildren's. Keep seed key safe in multiple locations and leave it in your living will.

Jedzkie050617

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Merit: 11

Many of us here want to benefit on our efforts. Since we talk about the time when we died ,well if you didn't give your credentials of the information on your account definitely it will be hold forever. So much better, give every details of your account so that it will still used as good as cash to add on for the expenses for your death. Hopefully it will take 50 years from now before it will happened.

Topic: What if a person died with BTC!! - page 11. (Read 2250 times)