Topic: What if a person died with BTC!! - page 17. (Read 2293 times)
Then it will be lost forever if he didn't pass on his password to someone.
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.
Once a person died with bitcoin, even if that person holds millions, I believe that there is no other way to retrieve what he earned. It will be hard for anybody if the deceased person is the only one who knows how to access all his addresses and accounts. Once a person died with bitcoin. his bitcoin will also engraved with him.
Then all of his bitcoin would be gone for nothing just like him as well, unless somebody knows his private key, but mostly, the scenario is that his bitcoin dies along with him. No matter how much his love ones wants his bitcoin for his hard work to paid off, they just can't do anything about it but mourn with his death.
That's the good question mate, well actually many of us didn't share any private information that we have because we want to secured. Each of us has different way just to secure privately our informations like putting all the password or private key in the usb or memory card but somehow its hard to keep because it might get on our place. I would say to those have partner in life much better to tell them your private informations or any friend that can be trusted. Also, much better to share your information to those who can be trusted so that if it might happened that BTC can help on the financial assistance to support the expenses of your tomb.
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.
Good question, but i think people are not that completely dumb. People should be giving their private keys to their trusted family members, of course. In case, if anything wrong might happen one of your family members knows where you kept all your money so that your family can take care of that.
If a Bitcoin owner dies without passing on the private key, his heirs may discover his wallet only to realize that they will never gain access to the wealth inside. To prevent this, the owner simply has to ensure that someone gets a copy of the private key by writing it down, storing it on a flash memory drive, or entrusting it with a commercial service that manages them.
yes, I agree with you, so she should leave a message or notify her family, so bitcoin will remain safe in her purse with her 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 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.
correct mate but is also have a little risk put your private keys or password in your notepad in computer what if the your pc broken, i think this idea is crazy but safety put into paper notes and keep it into the bolt tell to your wife or to the very trusted member of your 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.
Once a person died with bitcoin, even if that person holds millions, I believe that there is no other way to retrieve what he earned. It will be hard for anybody if the deceased person is the only one who knows how to access all his addresses and accounts. Once a person died with bitcoin. his bitcoin will also engraved with him.
if someone died with bitcoin it will still be the same. His or her bitcoin will remain on their wallet. The only changes will be the value of it. Actually this thing is always on my mind so i told my husband everything about crypto and all my passwords and private keys lol
If the person wants to share his BTC with his loved ones after he is dead then he must keep his info in a safe for them.
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 died while owning Bitcoin but he or she didn't transfer his wallet, the bitcoin will not disappear hence it will still fluctuate accordingly to the bitcoin price, but the Bitcoins cannot be withdrawn because the wallet is gone forever. 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 believe no one dumb enough to let that happen if they have a massive amount of Bitcoin. They will just simply make a testament letter to their family to handover the Bitcoin amounts.
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.
pEople who died with their bitcoin wallets well there is nothing that we can do to get it. Unless that before that eventful date is that they give the way on how to access and every credentials that you need. I much prefer to treat the death as it is rather than worry about his value though
All are invested for their future use and no one is consider to die, if it happens some would have my private keys that are stored in seperate mobile for them. No one knows about Crypto currencies or Bitcoin in my home so I get lost what I have.
If a person die then his bitcoins will be gone for ever.
Insted he/she can give the wallet address and password to someone who is trustworthy.
Or even a wallet address can work in this case, because there is a option for change the password through registered mobile number.
Insted he/she can give the wallet address and password to someone who is trustworthy.
Or even a wallet address can work in this case, because there is a option for change the password through registered mobile number.
its better to share the information or to store in the folder where atleast known person can check and get used 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.
I had the same consideration for this question, and if I died suddenly and didn't give my private key to them, it would mean that I had lost the fortune forever. 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.
In case a person who owns bitcoins die, then that means that no one can ever use that as it will not be accessible, unless ofcourse if the owner gave his account details to someone then that someone would be the new owner of the bitcoins.
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 simple answer is that the money would be gone once the person dies with the coins in their wallet.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.
Yes that BTC would be gone, but there is nothing to say that in the future safeguards will be implemented against this.
It is an interesting question but as the supply of BTC decreases, the value increases. The final block isn't due to be mined for over 20 years so there will still be a steady supply for years to come
It is an interesting question but as the supply of BTC decreases, the value increases. The final block isn't due to be mined for over 20 years so there will still be a steady supply for years to come
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