Lots of people I have known since I got into crypto, have died.
NONE of them prepaired for it. Their keys and logins were lost.
Their money still sits on an exchange.. where it will be forever lost.
If you value the space. Print paper wallets and secure them.
Keep only what you can loose/trade on an exchange.
Have others in the family who'll know how to deal with it.
If most your crypto is on the exchange, you're doing it wrong.
Topic: Who Controls your Crypto Funds after Death? - page 3. (Read 1108 times)
OP if you are not trusting anyone other than you,then don't care about your funds after death because it will be safe forever and not accesible by anyone.
Right what you have said about it, but usuallyObviously everything we do is certainly known by at least our closest friends or family, so obviously they will find out if things will happen to us.
Since I don't have a wife yet, I have no idea to whom am gonna tell the secret of what I'm doing with my crypto.
Perhaps, if I have a serious girlfriend I will tell her all the knowledge to full out all my crypto to convert into fiat currency.
So that, anyhow there is someone who benefit of my crypto assets anyway.
Perhaps, if I have a serious girlfriend I will tell her all the knowledge to full out all my crypto to convert into fiat currency.
So that, anyhow there is someone who benefit of my crypto assets anyway.
At the moment, I think that no one will be able to take care of my funds after my death, but your post has pushed me to the idea of addressing this issue. Because it is really important for the future of relatives..
So far, I'm the only person knows what I'm dong in crypto starting from how I earn here, and how to convert it into cash/fiat. Because its hard to entrust all the coins that I have in my wallet. But of course, as much as possible my options to tell all these is to my fiancee, I am planning this to tell her at the right time.
Funny, strange but yet so real, right?
So if one dies, all the money will get stacked on blockchain and exchanges?
I have about 90% of my funds in crypto and was just wondering over the above?
If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....
If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol
Many will say why not write a will, why not tell a friend etc..
But one needs to do this, I know we all might have our opinions, let's share and see if we can come to a uniform and decentralized solution....
If we think that way, then maybe one day you'll drink a lot, get black out and who knows what you'll do with your bitcoins.So if one dies, all the money will get stacked on blockchain and exchanges?
I have about 90% of my funds in crypto and was just wondering over the above?
If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....
If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol
Many will say why not write a will, why not tell a friend etc..
But one needs to do this, I know we all might have our opinions, let's share and see if we can come to a uniform and decentralized solution....
Well, I agree with you at some point, there are some tasks that are always with us and for some people, bitcoin and their wallet can be included too. Bitcoin needs some changes and one of them really is what you stated, I think that wasn't considered at the moment because who knew if bitcoin would become so famous.
There are two chances what will happen in future:
1. Your coins will be lost, supply will decrease and price will increase to protect demand/supply rule.
2. It will be changed and every unmoved coin will get dead but this will happen for example once in every 100 year or years that bitcoin needs to be fully mined, imagine bitcoin needs 100 year for mining, then every unmoved coin will get dead in every 100 year and they will be mined again.
Very good thread, it's a coincidence, I have been thinking the exact subject
I'm planning to make a USB FlashDrive with all my passwords of banks, e-mails, my smartphone, paid accounts and obviously cryptos (exchanges, wallets etc)
I don't expect to die soon, but can you imagine the difficulty to your relatives if they does't know how to get access to you money, it's a pity if your money is lost and your dear relatives won't have access
I'm thinking how to do this safely, and this involves a person to trust
I'm planning to make a USB FlashDrive with all my passwords of banks, e-mails, my smartphone, paid accounts and obviously cryptos (exchanges, wallets etc)
I don't expect to die soon, but can you imagine the difficulty to your relatives if they does't know how to get access to you money, it's a pity if your money is lost and your dear relatives won't have access
I'm thinking how to do this safely, and this involves a person to trust
No one is going to be,because I didn't made any precations to access my wallet details if I am not there anymore so my cryptos will not be accessible forever.But if there is a system in the future to avoid this kind of situation I will share my private key details with my family members only if they can access when I am not anymore.
It still depends on what kind of death we will be dying. If it will be unexpected death then i better do something about it while i still realized i have time but if it will be a slow death, and who knows it will be 
? I can still make everything arranged. To prepare for a sudden death, i would probably leave some notes for my spouse in the vault regarding my holdings and they will surely find out about it after my burial when they will need to dispatch all of my belongings.
? I can still make everything arranged. To prepare for a sudden death, i would probably leave some notes for my spouse in the vault regarding my holdings and they will surely find out about it after my burial when they will need to dispatch all of my belongings. 
I haven't thought much about it. I'm still young and I'm not planning to die soon. But you never know what could happen to you tomorrow - heart attack, car accident, terror attack, plain crash and etc. If I would die tomorrow, all my Bitcoin and crypto assets would be lost forever.
And I have no idea what I should do now. Maybe writting a will sounds like a good idea, but I doubt that I'm going to do that in nearest 20 years...
Probably keeping private keys/recovery phrase with instructions how to claim it in a vault sounds like a best idea. But still, I have doubts about it. Crypto for people without any knowledge about it is very complicated thing. So, these instructions how to take coins should be very clear that my family members would understand everything. Because now I'm failing to explain even some basic things about crypto sometimes.
And I have no idea what I should do now. Maybe writting a will sounds like a good idea, but I doubt that I'm going to do that in nearest 20 years...
Probably keeping private keys/recovery phrase with instructions how to claim it in a vault sounds like a best idea. But still, I have doubts about it. Crypto for people without any knowledge about it is very complicated thing. So, these instructions how to take coins should be very clear that my family members would understand everything. Because now I'm failing to explain even some basic things about crypto sometimes.
This is actually a very serious problem I have been thinking about this, and I dont think there is a good solution for this yet.
Because if you give your private keys/login to someone else, it is a risk what if the person loses it, or it gets stolen?
At the moment if u have a lot of crypto I would store it in a safe you own yourself and you tell the person in question about it.
Or you could go to a notary and divide your crypto after your death that way.
In the future I imagine you could just have ur testoment on the blockchain and when u die, it will divide itself to the persons you setup yourself.
Because if you give your private keys/login to someone else, it is a risk what if the person loses it, or it gets stolen?
At the moment if u have a lot of crypto I would store it in a safe you own yourself and you tell the person in question about it.
Or you could go to a notary and divide your crypto after your death that way.
In the future I imagine you could just have ur testoment on the blockchain and when u die, it will divide itself to the persons you setup yourself.
There will also be some very rare instances where the entire family might die at once in a car crash or something tragic...
I think there should be safe guards set in place in case anything happens that way the crypto does not just become locked and the supply reduced. I have seen cases where people pass and their crypto is locked for a while but they eventually regain access after finding the private key, paper wallet, recovering passwords, etc.
It is something that everyone should at least prepare for, that way their loved ones can be taken care of after you are gone.
I think there should be safe guards set in place in case anything happens that way the crypto does not just become locked and the supply reduced. I have seen cases where people pass and their crypto is locked for a while but they eventually regain access after finding the private key, paper wallet, recovering passwords, etc.
It is something that everyone should at least prepare for, that way their loved ones can be taken care of after you are gone.
I think you just do the test each year, or whenever you want and if it comes back as dead, you know the person is dead. (whenever you get blood work)
You as the Father, could push the timer back if you are still alive, so you don`t have to do the test so often.
Paper wallets can be lost and stolen, this is locked on the blockchain, A will locked in blockchain through DNA.
Think about it, if we had everyone's DNA on a blockchain what we could do with that, literally no one could murder each other with a few cams. I mean they could but they would get caught instant.
You as the Father, could push the timer back if you are still alive, so you don`t have to do the test so often.
Paper wallets can be lost and stolen, this is locked on the blockchain, A will locked in blockchain through DNA.
Think about it, if we had everyone's DNA on a blockchain what we could do with that, literally no one could murder each other with a few cams. I mean they could but they would get caught instant.
I do fear some will use this tech to kill off entire races. They can even do it with databases like facebook through images.
If you cannot trust anyone , you can atleast have a vault where you keep sensitive materials, certain your wards should have access to such legally should there be some unforeseen circumstances where you are unable to do such, all you need do is to list them as your next-of-kind or will the vault to them
I think you just do the test each year, or whenever you want and if it comes back as dead, you know the person is dead. (whenever you get blood work)
You as the Father, could push the timer back if you are still alive, so you don`t have to do the test so often.
Paper wallets can be lost and stolen, this is locked on the blockchain, A will locked in blockchain through DNA.
Think about it, if we had everyone's DNA on a blockchain what we could do with that, literally no one could murder each other with a few cams. I mean they could but they would get caught instant.
You as the Father, could push the timer back if you are still alive, so you don`t have to do the test so often.
Paper wallets can be lost and stolen, this is locked on the blockchain, A will locked in blockchain through DNA.
Think about it, if we had everyone's DNA on a blockchain what we could do with that, literally no one could murder each other with a few cams. I mean they could but they would get caught instant.
Funny, strange but yet so real, right?
So if one dies, all the money will get stacked on blockchain and exchanges?
I have about 90% of my funds in crypto and was just wondering over the above?
If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....
If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol
Many will say why not write a will, why not tell a friend etc..
But one needs to do this, I know we all might have our opinions, let's share and see if we can come to a uniform and decentralized solution....
So if one dies, all the money will get stacked on blockchain and exchanges?
I have about 90% of my funds in crypto and was just wondering over the above?
If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....
If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol
Many will say why not write a will, why not tell a friend etc..
But one needs to do this, I know we all might have our opinions, let's share and see if we can come to a uniform and decentralized solution....
I want to make a system with DNA and COSIGNING a contract.
Father wants to leave son farm and a few million in his account.
Both Father and Son cosign the contract with DNA, IRIS SCAN and or FINGERPRINT on the blockchain.
Father creates a contract that when his DNA goes stale (they know he is dead because they compare the dead dna to the alive dna) the contract gets pushed to the son.
There is a few ways to do this, father can have a dead man switch, that he has to renew each year otherwise it gets sent to the son or when father is tested on blockchain once a year for his blood at a hospital they will know he is dead.
This can actually lead to solving every murder.
https://bitcointalksearch.org/topic/bitcoin-20-attention-all-alt-coin-devs-unite-if-you-are-willing-5141142
It is blockPOP
Just curious, couldn't this be determined if there was a DNA sample left out to "go stale"? Or would there also need to be an implant of some sort to test the host dna at all times?
Pretty crazy idea, maybe just have a paper wallet for when you pass to also pass this down?
Funny, strange but yet so real, right?
So if one dies, all the money will get stacked on blockchain and exchanges?
I have about 90% of my funds in crypto and was just wondering over the above?
If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....
If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol
Many will say why not write a will, why not tell a friend etc..
But one needs to do this, I know we all might have our opinions, let's share and see if we can come to a uniform and decentralized solution....
So if one dies, all the money will get stacked on blockchain and exchanges?
I have about 90% of my funds in crypto and was just wondering over the above?
If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....
If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol
Many will say why not write a will, why not tell a friend etc..
But one needs to do this, I know we all might have our opinions, let's share and see if we can come to a uniform and decentralized solution....
I want to make a system with DNA and COSIGNING a contract.
Father wants to leave son farm and a few million in his account.
Both Father and Son cosign the contract with DNA, IRIS SCAN and or FINGERPRINT on the blockchain.
Father creates a contract that when his DNA goes stale (they know he is dead because they compare the dead dna to the alive dna) the contract gets pushed to the son.
There is a few ways to do this, father can have a dead man switch, that he has to renew each year otherwise it gets sent to the son or when father is tested on blockchain once a year for his blood at a hospital they will know he is dead.
This can actually lead to solving every murder.
https://bitcointalksearch.org/topic/bitcoin-20-attention-all-alt-coin-devs-unite-if-you-are-willing-5141142
It is blockPOP
Funny, strange but yet so real, right?
So if one dies, all the money will get stacked on blockchain and exchanges?
I have about 90% of my funds in crypto and was just wondering over the above?
If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....
If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol
Many will say why not write a will, why not tell a friend etc..
But one needs to do this, I know we all might have our opinions, let's share and see if we can come to a uniform and decentralized solution....
Funny about how you think your wife and family would kill you just for your crypto.So if one dies, all the money will get stacked on blockchain and exchanges?
I have about 90% of my funds in crypto and was just wondering over the above?
If you tell your wife, she might kill you and enjoy it with the boyfriend lol &
Hahaha yh and you can't trust even your family....
If they don't kill you probably because they are good siblings...once they know you have much, demand will go high lol
Many will say why not write a will, why not tell a friend etc..
But one needs to do this, I know we all might have our opinions, let's share and see if we can come to a uniform and decentralized solution....
Don't you even trust them?
Your wife would enjoy it with her boyfriend? only if she doesn't really love you and only stays for your money.
But so far I would just split it up to my family and my wife they should be the one to use it since it is my money .
Right now, apart from me, no one else controls my crypto funds.
I trust only my wife but she is very skeptic about bitcoin.
Anyway, I will have to convince her that bitcoin is something serious and valuable and then explain everything to her before I die.
I trust only my wife but she is very skeptic about bitcoin.
Anyway, I will have to convince her that bitcoin is something serious and valuable and then explain everything to her before I die.
OP if you are not trusting anyone other than you,then don't care about your funds after death because it will be safe forever and not accesible by anyone.
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