Topic: What if a person died with BTC!! - page 14. (Read 2250 times)
in my opinion, if someone has died and those who have been holding bitcoins, may or may they will hand over to his relatives to keep the keyword from the wallet they will submit
I was always wondering what if bitcoin will be a store of value in the future and someday all bitcoins will be lost :/.
If a person died, the bitcoin itself will be a donation for a lifetime or someone else knows the private key of this guy then they will access his/her bitcoin. that's a tip! you should tell this to your trusted person, maybe your love ones--- your family.
yeah this is the right solution to share private key with someone trustworthy and this will bring ease to the remaining’s of died person and if he didn't shared such information that coin will always stay in his wallet and no one will be able to use that so in my opinion this is the preferable thing that to share it with someone because death is the fortunate thing and avoid your loved ones to suffer after you let bitcoin to help.
If they do not have access to the wallet, this may be a problem. I'm afraid I will not be able to regain access ...
Hi I'm a newbie. I think the bitcoin will disappear if the owner is dead.
No it won't disappear just tuck on wallet which can't be access by anyone since private key is not available. it would be keep in the wallet forever I guess lol.
When a person die with his BTC, then let it be an awakening to us. You can have it included on your last will. Or be given at least on your life partner. It is nice to at least have loved one you trust the most with all your assets. Rather than losing them and leave your loved ones with nothing at all.
If a person dies and he didn't give out any password or anything to anyone so he could pass it on then I think his hard earned bitcoin dies with him too. I don't think bitcoins circulation will be lessen if a person dies with his bitcoins though, since bitcoin still is mineable up until now. But the best thing antone could ever do is write it on a sheet of paper or have it laminated or something and put it in a vault around your house or something and give the key to your wife, husband or your kids.
That's a great question. I've thought about this many times myself.
Considering the value of BTC, it is very important that people treat this the same way they do other high value assets - real estate, cash, gold etc. so you leave a way for the family to get access to these assets.
Considering the value of BTC, it is very important that people treat this the same way they do other high value assets - real estate, cash, gold etc. so you leave a way for the family to get access to these assets.
If a person who owns a certain number of BTCs suddenly passes away without leaving any e-wallet or private key information, no one will be able to use them. If they are lucky they can save on the computer or note in the notebook can use. Because of the security nature of the BTC, no one can hack Bitcoin. So if you want to keep your Bitcoin offline in the cold wallet and store it in one of the safest places your loved ones can find and use it. 
If a person died, the bitcoin itself will be a donation for a lifetime or someone else knows the private key of this guy then they will access his/her bitcoin. that's a tip! you should tell this to your trusted person, maybe your love ones--- your family.
if a person dies then his bitcoin will disappear, then the number of bitcoin around the world will continue to decrease, this is one reason the bitcoin price continues to rise due to the rarity of bitcoin.
I do not think that it will be so. That person who works with bitcoin and is tuned seriously will always think of how to hedge himself, that would not lose the information he needs.
Hi I'm a newbie. I think the bitcoin will disappear if the owner is dead.
No it won't disappear just tuck on wallet which can't be access by anyone since private key is not available. it would be keep in the wallet forever I guess lol.
I think Bitcoin is an inheritance property and is definitely written in the will of the family. wallet and passwords are there.
Yeah it's true, actually I'm also has been thinking like that about this, but if that's people doesn't had time to write or notify like as email, password, private key, etc.. related the btc's wallet to the family or closest relatives it would be wasted.It is NOT advisable to write the private key into the will for your lawyer or anybody from their staff to steal your money and you will never know who did that. I would MAYBE write it down in a closed temper-proof envelope or something. But never as an open text in the will, remember!
it may be possible to create a safe deposit box in the bank (private key is kept there) and give access to a family member only after death.
I think Bitcoin is an inheritance property and is definitely written in the will of the family. wallet and passwords are there.
Yeah it's true, actually I'm also has been thinking like that about this, but if that's people doesn't had time to write or notify like as email, password, private key, etc.. related the btc's wallet to the family or closest relatives it would be wasted.It is NOT advisable to write the private key into the will for your lawyer or anybody from their staff to steal your money and you will never know who did that. I would MAYBE write it down in a closed temper-proof envelope or something. But never as an open text in the will, remember!
My catch is, Bitcoin will never lose its count. It will still be 21M BTC.
How will the lost coins affect the circulation?
-Lost BTC would affect the market value of BTC since the remaining BTC will become rare. Its value will move just like normal depending on the market events but most likely it will affect the increasing value of BTC.
How will the lost coins affect the circulation?
-Lost BTC would affect the market value of BTC since the remaining BTC will become rare. Its value will move just like normal depending on the market events but most likely it will affect the increasing value of BTC.
I think Bitcoin is an inheritance property and is definitely written in the will of the family. wallet and passwords are there.
Yeah it's true, actually I'm also has been thinking like that about this, but if that's people doesn't had time to write or notify like as email, password, private key, etc.. related the btc's wallet to the family or closest relatives it would be wasted. 
If a person did pass away with bitcoin balance still available in his wallet, his bitcoin would be consider lost in circulation forever, unless he left his passwords to his bitcoin wallets or the private key to someone he trusted, this is the only way to retrieve the bitcoin back from that specific bitcoin wallet.
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.
Naturally if you have a large amount of BTC you somehow tell your family how to get to the money, or - if you don't trust them - you lock the instructions in your safe.
On the other hand, in the scenario you describe, if there is less bitcoin in circulation, it does NOT disappear gradually. Simply its price gets a little bit higher and that is the end to it.
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.
I think , no one will know and get it unless he or she knows how to hack wallets for you to have profit of course wallets were reqyuired and I think this is secure enough for a person to be comfortable in using it, so if the owner passed away ,I think the bitcoin will be hold until no one can used it. Such a useless thing, so we should value our life more than any material we owe .
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