Topic: What if a person died with BTC!! - page 12. (Read 2293 times)
Well that depends on him if he wants to give all hes credentials to his loved ones for example mother, spouse or chilren in case something might happen to him but if he doesn't want to give it his bitcoin's will still be on the blockchain,it will be a long time hodl. You just have to plan everything ahead if your doing bitcoin for your family then teach btc so they can inherit your btc. Simple as that.
you must have trusted person till him any thing about you.
if die his family will lost a lot of money
if die his family will lost a lot of money
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.
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.
Good question
Im prepared if i died
I save my private key in secret place but i keep clue to my mom so she can find it
Im prepared if i died
I save my private key in secret place but i keep clue to my mom so she can find it
good question actually. unless person die by accidentally he/she will transfer bitcoins to his or her decedents
this is a very hard case if the owner of the bitcoin address dies leaving no access to anyone even his/her love ones does't know his private key because no one can access his wallet then we can assume that this bitcoin is lost forever because there is no backdoor or any means to access bitcoin address even bruteforce can't and if this happens then they're will be no security at all in bitcoin address
I'm sure he had left a note in case anything happens to him. No one would want that all his efforts in btc especially if it is worth millions then no one will benefit in the end.
Bitcoins ain't attached to a human being... probably if I die no one will be able to take my coins 
, haven't shared with anyone my private keys or passwords.
, haven't shared with anyone my private keys or passwords. 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.
If he left the private keys to someone else that's the way to use them, if not these coins are lost forver.
I think it is pretty much happening, there should be plenty of bitcoin lost a few years ago when it wasn't worth much. People tend to forget it due to no value in it, and now they try everything to recover it which is unfortunately impossible to do.
We need to atleast share our account credential with family or wife, definitely not girlfriend LOL
We need to atleast share our account credential with family or wife, definitely not girlfriend LOL
Then all of his bitcoin would be nonsense, no one knows his private key, so in short, all of his harwork earning that bitcoin will go to his grave with him also. That is why it is important that you have a white paper of your private key so that if your love ones or family see it, they know how to get your bitcoin and use it in expenses on their daily living.
That's a great feature of bitcoin. If someone dies and takes their private key with them, everyone else's bitcoins are worth just that little bit more. It won't be noticed little by little, but supply and demand will determine the outcome. Let it do the dirty work.
Everyone knows the answer I think, those person who use bitcoin has suddenly past out must be saved their all privacy on notebook first or something else. So, the people who care or who wanna responsible about it could be find the way to save the bitcoin from the death man or give to the death man's family.
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.
if someone died and he or she had a BTC on his/her wallet it will stay in there, especially if no one knows in the family that he is doing bitcoin otherwise he has told a member of the family his password and wallet address where he kept it . then they can sell it and encash or continue his work in bitcoin.
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.
to anticipate it you can hire the services of a lawyer to make a inheritance, and when everything happens bitcoin is given to the heirs.
It is undeniable that there will be less and less BTC.
Yeah. i'm just wondering if what would happen if the person that has a bitcoin on his wallet. could it be possible to be wasted or the admin will just take it. when if the person is inactive.
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.
Thats right. That bitcoin will no longer can be used. I think bitcoin will not dissapear in the near future. Probably it will still exist until 10.000 year, if this world is still exist 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.
. We are so close with the doomsday.
in my opinion to prevent this, the owner just has to make sure someone gets the private key by writing it down. it's the best thing for the bitcoin owner.
And also you pass on to your child it is more useful for your family.
And also you pass on to your child it is more useful for your family.
Good question and made me aware of the importance of bitcoin archiving, thanks. If someone who has a bitcoin die without storing a record then no one can access the bitcoin except himself. This we can ponder to prepare a note about the bitcoin we have, so when we die, we can give the bitcoin inheritance to the family.
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