Bitcoin Forum

Nope, this is no existential question (although...). Everybody's talking about "When will Bitcoin die", but what if you die, and your family don't find your key, or don't understand it, or think it's only a useless sheet of paper with some code on it, or simply throw it away... Does this mean the currency's gone forever?

I find the possibility of this event rather realistic (yup I don't believe in eternal life), so that means that someday there might be 21M BTC but only 18M (and counting down...) is left in the market?

Yes, the coins are most likely irretrievable forever. That's why plans regarding coin recovery in these situations have been greatly discussed in the forums. And yes, when mining ends there will be less than the total of coins circulating.

Yes, That's right. Now there are lots of Bitcoins that no on have access to them and I think the number of such Bitcoins will increase gradually.
In my opinion all of us should have a will that contains our private keys or our passwords if we are keeping our bitcoins in exchanges.

valuable assets are only usefull when they are used ... and limited.
Bitcoin does this perfectly.

http://imagizer.imageshack.us/a/img923/4281/ZKquMK.png

I agreed with you,..That is ver much possible to be happen, So I think it is really good to do and needed that we need to teach someone we can trust about our bitcoin savings at least if there's unexpected happen to me there is person knows my private key and password.

Just what I thought. It's just leaving a will when you die, but instead you will give them private key with the instructions how they can retrieve the coins if they dont have any idea what it really is about

Without the private key it's  impossible to recover the lost bitcoins so to answer your question then yes , The currency was gone forever , That's why it was very important to share your private key to some trusted family members to make sure that your hard earned bitcoins when somethings bad happen (Hopefully not ) will still be useful at least for your family member :)

Well, I have not even thought about it yet, So it's good to make a will with the private key that we have to give to people we believe if something happens to us later a good anticipation step

When I die, before that happens I will teach my children to manage my bitcoin. And I've done that to the right to continue my bitcoin that has been running.

Everyone in my family knows I own bitcoins. If I die, they won't be throwing out any of my paper wallets until they've figured out how to either convert them to cash or get them into their own address. Do people close to you really not know that you own bitcoins!?

Somebody's going to get my phone which has all my bitcoins on it.  Hopefully there will be none of those crap BCC ones on it (lol).

Unless I get squashed by a truck whilst said cell phone is on my person.  Then those bitcoins are lost forever--and that could easily happen.

There have been topics bringing this up in the past, and I've been thinking about creating a will one of these days, not just for my crypto, but for all my assets.  Makes sense to make one so that probate court isn't trying to split up my assets amongst a bunch of heathens that I could give two craps about--and I'm sure that's exactly what would happen.

My wife knows i have bitcoin and other cryptocurrencies she have the private keys of my account, i say to her if i die its her decision if she will withdraw all my coins into fiat for my death expenses or she could keep it for her and my son's future needs :) so its up to her

The next question for this is if they know your private key to access your bitcoin when you die? Because me even my wife doesnt know my private key but she know that i have investment in bitcoin. That is why after reading this question i am planning to write down my private keys and passwords of all site that i have bitcoin balance makinv sure that if i die she can withdraw all my investment.

If bitcoin dies, I will lose an assistant for my job. I will have to continue the transaction through the bank, it worries me.

Im ready  if one day i will leave the earth,  all my private keys bitcoin passwords,including password on trading , ive made a text file which contains all of the infos and steps on how to use those ,i already send it to my wife and to my son.

I think bitcoin can't die maybe the word bitcoin can die but there are so many coins like bitcoin cannot be die in fact it is so hard do kill bitcoin easily.

Can't you just leave the retrieval key code in safety deposit box/ entrusted with lawyer via will?

No one will know when we will die, no one will know when you will die. You can die anytime, you can die before you teach your son about bitcoin. So it's good if you immediately teach your son about bitcoin. just a suggestion.

A huge portion of bitcoins are already thought to be lost, not necessary from someone dying but from people losing their private keys. If you held your bitcoin on an exchange though it is possible for family members to retrieve it from them, but short of that people have to either make some form of backup for others to retrieve them in the event of death or more coins will be lost.

It is actually highly likely that more coins are going lost than there are that are currently getting created and if not it will happen eventually and bitcoin will truly be deflationary.

Everyone of us surely die and leave everything of what he/she have now. If you say what happen to your bitcoin if you die, surely it gone also if you don't tell anyone from your family about this. So as early as you get involve in bitcoin world you must tell them. Tell them how it works,transactions be made and let them try to be in bitcoin so that when you die, everything you left can be used with your family.

Sig spammers gonna spam. Ignorers gonna ignore.

Your bitcoin will just remain on your wallet when you died, no one could open it unless they do know what is your private key and viola, your bitcoin would be in their hands, it is either they will seel it or hold it and use it for some good purposes. It would be better though if you are going to print a white paper and hide it somewhere, make a letter that could easily find by someone in your family saying about where you hid the white paper of your private keys.

For this to be avoided you should disseminate some personal information with regards to your bitcoin property to someone who you really trust especially your family(but it can't be applied at all times when it comes to family matters). At least you bitcoins won't gone it to waste and lost forever. Dying sometimes was not expected but at least prepare for it when the time comes.

Then more lost bitcoins = more rare and worth more

You may be right for that, before we make a will and hand it to them, we have to tell you how to open our own Bitcoin purses so they will not be confused how to unlock the Bitcoin bag we left and give them. .

There is a feature in bitcoin called nlocktime, that basically acts like a dead man's switch. So it's basically a raw transaction to an specified address, the only difference is that the transaction can only be activated when a certain block height is reached. For instance, the 1,000,000th block. If you are still alive then you can obviously get your wife or whoever to send your coins back, but if you die(awww) then they get to keep it.

But you're right, this feature isn't widely used by any means.

So long term supply of bitcoin should be going down especially after the block rewards become miniscule. The number of burned coins, forgotten passphrases and inactive coins aren't going to come back to life unless an extradinarily large amount of collisions were found, which is pretty much impossible.

It's good that you have a back up of all your assets. My wife also has interest in cryptocurrencies and trade so she knows almost everything related to Bitcoins. If you have trust issues then it may arise some problems otherwise it's a great thing.

This will only increase the value that bitcoin has. Therefore it's important to leave something behind that atleast your family can get into your wallet just incase you die. I've got my passphrases written down somewhere and I told my mom about it so if there ever would happen something to me atleast I can leave something behind.

The case might be just as you described it. The coins will be lost. Forever.
Another reason why bitcoin may become more valuable on the long-run, ss the total amount that can be mined is limited.

So, you should take care that the private keys will be revealed in case of your death, including a description what you can do with it, if you want your family or other people to make use of your bitcoins. On the other hand, if you don't want anyone to know about the bitcoins, it's the perfect way of "destroying" money.

Thats highly possible to happen and it has already happened in many cases.Such bitcoins would become irretrievable becoming useless to any one especially to your family members.Thats why our family members should be taught about bitcoins and they must be provided with knowledge of private key.Otherwise,they would be losing a great fortune since bitcoin price may be very high during their periods.

The fact is that by inheritance you can transfer not only things or cash accounts. The fact is that even papers or records of relatives can be inherited. Therefore, these records can have everything And even the keys to your wallet, If you so very much want to make sure that after your death keys to the purses went to this or that member of your family.

this is what i will to do before i die, i don't want to let my bitcoin disappear without any legacy so i think it will good if i can teach my children to learn about bitcoin. so if i die, they will continue for what i am do and they can use the bitcoin for their life. i am sure that i can do this and my children can do as they are capable to receive what i am tell them.

You can surely do some research about certain thing that you can leave in this world, get a life plan and plan ahead and yes you can surely put all your bitcoin in it and you can find a trusted lawyer that if you die they can give your private keys and all the things you can abandon in this life time to your love ones, this is the only proper thing you can do to insure that your bitcoin would not go to waste, but yes a certainty of a lost bitcoin had a high provability, so plan ahead,

and for the OT of this thread, believe in the eternal life it is real, believe in Jesus that save us there is a GOD that will surely judge you if you can have eternal life or eternal death, but if you are an atheist I respect what you believe in and Good luck!

Before you die? Not that you know when and how right? But what if, accidentally, an unfortunate event occured? What now? I guess it is better to somehow prepare for the worst possible scenario right? It will be a waste if all our hard earned bitcoin will just vanished without the chance of recovering it. Better safe than sorry guys.

How about, just try not to die, then it's a win win for everyone. At least tell your trusted ones what the key is for, so that you don't throw thousands of dollars of cryptocurrency to waste

Hahaha that's it right there. Try not to die. But on a serious note though. You should always be a step ahead because this is life and anything can happen really even if you're still quite young. Just make sure you tell your relatives and store your private keys/passphrase somewhere.

I also partly agree with this idea, and why not?

Besides it is already much traditional to have last will testament, so why not apply it also in the field of bitcoin? This is also a big and nice idea but its lot complicated, unless it would be explained in a most understandable and simple way.

I am also glad about this idea.

I think it would be best if you could provide them with a copy just in case something happens,
You should always keep some copy somewhere they could easily find like saving it in some folder in your computer or maybe in your USB stick.

You need to tell it to your family so that they will get the benefits of your hardworks. It is good for you and good for them also. Tell them so that they will have it and use it.

It is a difficult one this, obviously if you die unexpectedly the coins are lost forever. It is also risky giving a copy of ones private keys to a close relative,friend or lawyer. If they are dishonest, they could easily clean you out.

I think that's very great question and i believe measures should be in place where in the likely demise of one, family members will be able to have access to the bitcoins in one's wallet since it will be lost forever acrruing profits whereas no one knows about its existence and being unable to retrieve them.

Yeah, One can do that and I probably will do that.
If you hold Bitcoins and don't share your private keys with your beloved ones before then the part of Bitcoins dies with you and making Bitcoin supply even less. 

Yeah, no need to explain everything to your family, they can find their way in the internet or with an experienced person - should you die. Only make sure they know you have altcoins.

Might be interesting to some people to avoid succession taxes...  ::)

Possible. You might lose everything that you had earned with so much hard work and effort, if your parents don't know how to use your Bitcoin and maybe its dumped in some random place then no matter what happens you can't do anything, cause you are dead(no offense).  But then if you have a spouse or children you can tell them about your Bitcoin ,because most of the kids of this and the next generation know how to use modern technology. But if you don't you can teach your parents/siblings as well.

I'm too young to think about this, however, if I really die for one of your ears, all my bitcoins will be lost, no one can find it, because my relatives do not know. About bitcoin, everything is secret.

It will be gone forever since they don't have the private key to retrieve your coins. But it is common that if you feel your remaining days is coming you would entrusted it to someone close to you(probably relatives). Coz if you didn't do it, all of your hard work to earn/get that coin will become useless.

If I die there must be a family that takes care of and gets my bitcoin account. Because in my family I'm not the only one doing bitcoin. My family and I are a team that does bitcoin. We work together to get bitcoin.

my wife has my private key and wallet back up... lol

In that case, since I have a brother who's knowlegable about bitcoin,  I let him know first about my private access and if ever that I will die, he knows already what to do. Since that is my way of supporting my parents, I know he will grant whatever is left in my bitcoin and for the purpose of giving it to my parents. Of course he needs to convert it into our local currency. Then in that case it would still be meaningful whenever I'm gone for good. This question is really serious though. Yes, it's too young to think about this matter but the really still prevail. We can't predict death and that's our worst enemy.

I agree with you, if we have a lot of assets in the cryptocurrency world then it is better to find a relative who knows a bit about Bitcoin, we have to teach them all about Bitcoin, The account is of real value because if we do not make the future your family will have nothing

When you die, you will lose everything if your family does not find the wallet key or do not understand what it is. So you should look for a lawyer or a trusted person to give them all your property when you die

This question that makes me have to answer it, chances are if I do not exist anymore in the world then I have entrusted this science to my family and my life companion and I explained that here we can get such amazing results and we work together to get bitcoin until Now i want them all to be smarter in finding bitcoin value :)

before having died, I will teach to my younger brother and give Bitcoin account and Bitcoin wallet to him. He is a person I believe and cherish best. the aim I use Bitcoin to hope that he can receive the best education and when he grow up, he can raise my parent. I believe he can use my account wisely

In case of death, relatives or simply trusted persons should know not only about the existence of records with private keys, but also know how to use them to exchange or cash the crypto currency. This will protect them already from unscrupulous people, to whom they can turn for help in this matter.

if this happen and no one in your family know how to use bitcoin or handle your bitcoin this is not good to you
because you wasting your time to find or earn bitcoins then keep it to have alot of it
then no one in your family cant use your bitcoins

Taking this into consideration my wife has a book with all my keys to recover and acess my wallets, even with a low ammount of coins she knows where are my coins, the thing is if we both die, my childs are very young yet, even knowing parent does know about my coins, im not sure if he will be honest using those money for the childs.

It is also necessary to have the brains themselves, in order to initially prevent problems and teach relatives how to use the crypto currency itself.

Before I die I will pass on this knowledge to my brothers and my family and even until now I guide them to learn in bitcoin world so when I have no at least I have given knowledge about experience in bitcoin world .. do not abstinence if you want to get Something big because it all starts from our hard work, believe me the results are not lies  :)

I was also wondering about this. Since bitcoins are digital currency and are secured with keys, it would be almost impossible for our family to access them after we passed away. I think we should keep one person in confidence and tell him/her about your assets including bitcoins. Share with them where you keeping all the keys written. It is wise to keep a written record of such things.

If you die and no one has access to your private key then those coins are most likely lost, there is a chance someone receives the same address, something known as address collision, but the possibility of that is minuscule, that is why we need to take precaution in the case of our deaths.

Yeah when you die no one could open your bitcoin waller in your acount unless you know the password or private key your bitcoin will be lost if you cant open it and will never be open again in that account obviously it will be nothing hopefully for some instace it is helping the price increase of bitcoin in the market.

I worked with someone that had lost his wallet. It was on an old computer. He had setup the mining rig and let it run. This was when you could very profitably mine.

He lost the computer and the wallet. His estimate was there was about 250BTC on there.

My thought is it's in a landfill somewhere.

I'd advise anyone that has a considerable amount of BTC and passing them down to someone is of importance, to hire a lawyer and let them handle it...meaning someone else will have your key.

For my personal holdings, I have passed on cryptic clues to family.  If they manage to crack it, great, I taught them well.  If not, a gift to my crypto brothren. HODL on.

My business, however, has a lawyer that could access it through a multi sig with other partners.

This is what happened to Satoshi.

No one knows what happened to Satoshi, he may have died, he may have lost his keys or he may be waiting for a better opportunity to use them.

• You should give your keys to someone you know and trust.
• Write your keys in a laminated piece of paper. Put this paper in a bank and give it to your loved ones in your will, including instructions so they will use the private keys to get the Bitcoin.
• Give to charity. Maybe they will be worth a fortune... up to $1,000,000 for one Bitcoin. You can give a Bitcoin to charity to help out the less fortunate even after you are long gone.

Hope you like these ideas. :)

Surely your bitcoin will be lost and will never be access again in your account or whereever you put unless they just got your private key or a password that help them to open it if not it will never be open again and your bitcoin will be lost and the supply of bitcoin is decreased.

so i think you have to starting now to recovery all private key all your notebook. we not know what happen in future
if you die and there is no one know about your privatekey maybe you lose bitcoin

I think that is a good question, one day we will surely die without knowing when and where it will happen. And all we can do is get ready. Preparing for everything including giving our treasure to our loved ones. But it would be a problem if the person we want to give the treasure does not know how to get it. My advice is to be honest to the person you care about, tell them what is really going on, and if it is necessary to teach them how to dilute the bitcoin you have, of course this is done only to the person you really trust. And with regard to the amount of bitcoin in circulation, of course the boards have thought about it, and I'm sure they've got the solution.

It would be nice before all that happened better than now teach the children, our wives.
So they know how to take money from bitcoin.
In order to prevent the loss of money is wasted.

It is not as easy as you think, you could teach them how to do it, but there is not a guarantee they remember it and even if they do how are you going to communicate your private key or your seed, if you do not then the money is lost and if you do then they could as easily spend the money since they have the keys to spend it.

Maybe so if it dies, can not fix the existing coin. Can the forum be able to improve in this situation.

My core wallet has a clone hdd in a safety box.

I may also put a trezor in the box.

Actually, I’m not dying yet, and I don’t pray I do so. We all hope to live long right? OK. But, to answer the question “what happens if you die”, well, your Bitcoin continues with its journey. But, if it happens that your children has access to it, then they can start making use of it.

If you die, it is either you go to heaven or you go to hell! Lol. Then yous Bitcoin will remain forever in your online wallet (unless it declares bankruptcy) or in your hard wallet. I don't know if it will be gone forever but as long as Bitcoin exist, maybe your Bitcoin is safe in your wallet.

For me if we die we also lose all of what we have here on earth including what we invested here in bitcoin, but we make some moves before that day come to every on of us because we don't know when will we off on these planet.
I already told my wife about my bitcoin account including keys and she must also know on how to get this account.

Well, I have a piggy bank where I put some little persent of all my earnings for the case when Bitcoin's price will breake all predicted records. But I doubt my parents will know how to withdraw this money. I have husband who is also in all that with crypto-currencies, so he is the only person who will be able to hold those coins in the case of my death. Add to that I don't hide logins and passwords, so it is not going to be hard to him.

For me personally, I have not thought of that way, maybe it's because I'm still a beginner and still learning stage. About what will happen between bitcoin and our fate later on, I think it would be nice if we introduce and teach bitcoin to our nearest It's our wife or child. Give them confidence to hold the key and our password. That way, the possibility of missing bitcoin is small.

That's the best thing you can do for  today.I usually put some of my earnings in a bank while others are kept stored in my wallet.My husband knew bitcoin already but he's not really into it so i'm planning to make him a bitcoiner also so he can have an access to my bitcoin account.I'm planning also put a list of my earnings in a memory card with all its stuff so i can give them security even though i'm gone already.

;D that is good idea to save the bitcoins before we die and making our bitcoins never lose forever, but the problem on the dead men there are no peoples around the world who know when will be die, there are no acurate sign about the dead will some people, the best time to teach our children is now because we are still alive.

That is the reason why I try to teach my sisters about this so that if something happens to me at least someone can still retrieve my wallet and its up to them if they want to keep it or exchange it to fiat right away.

that is the saddest thing if it will happen because it is not retrievable . You need to tell your account to a trusted person or yout family about your bitcoin savings. Teach them how they can use and operate your account if ever something happen so that they will know how to do it if something happen

Yes there will be no longer access to the bitcoins if your family doesn't find the keys or they lost it aftet your death. The best solution is to mention about your bitcoin access in your will.

I will store the details on a usb with freaky porn

Think about it:
This might be a future business case for a 3rd party service - or a smart contract.

Current events are still a mysterious thing for many people. Many myths evolved around the events that experienced a person approaching his end as a shadow of the past or see a glimmer of white light at the end of a dark tunnel.
There were also survivors of an accident, who said that when they were about to die they saw a glimpse of their life span milling in front of their eyes.

We need to teach them bitcoin from now on so they are not confused in this case, in the future we just have to prepare a paper containing private key words and some trezor for them to access, at least they are not confused about all the facts and possibilities that happen.

I think of this just now yes this is true what will happen to my bitcoin eh? im the only one knows my btc details so i need this to share to my wife right now just in case if something will happen with our a family pin code provided. The bitcoin will be floating status forever because there is no default applied to the system like our beneficiaries.

Then it will be gone forever.  No one can access it since you or anyone who have access to it eventually die without formally transferring the knowledge he have.  And it will affect the bitcoin available in circulation.  It will be dead since no one can use it or retrieve it.  So better thing to do is to teach your kids or anyone in the househould about bitcoins.

No one knows when will die so it is right to restore access to bitcoin, and to write the access code box. If the purse is activated 2-based authorization then you will not remain without money, and your heirs will curse you for greed.

If you lose your private keys then your bitcoin is lost forever. One of us dying would be very far from the first occurrence of this as well. I would advise treating it just like any other sort of investment account / property / whatever it is that you will pass on to your loved one's via a will. We must not treat bitcoin as some sort of frivolous thing as we should see it as investment and the possible monetary security of our future. 

Bitcoin survive, we can wait until they announce if bitcoin do attempt to die but actually bitcoin cannot be die not totally bitcoin cannot be die but bitcoin cannot be die because it has more similarity to other crypto so bitcoin cannot die but it can change the name by other crypto.

The eventuality will happen and bothering or planning won't stop it whenever its going to happen its going to happen and whatever will happen after is not any of someone concern because you will no longer be there to see how it infolds whether the people coming after do it well or say something wrong about you, all of that does not matter any longer because you are gone and you won't be coming back. So, live everyday like its going to be the last of it.

Well in my own opinion, if i die ? for sure all of my bitcoins will be worthless and useless because no one in my family don't know what is bitcoin and don't know anything in my accounts here in bitcoin that's why no one could retrieve it or can get all of bitcoins because no one could access on it.

Yes... I've heard so many discussions regarding this one too... Maybe it is also the time to start making an action oh how to retrieve lost coins from deceased  holders. I think it should be best if users or holders would be making some kind of an agreement or they would be having beneficiaries in case something happens, because we can't predict what will happen to us, so its better to have counter measures or it would also be best to have beneficiaries to take over your wealth in bitcoin.

I think what is relevant to your heritage due to the fact that you don't really love their loved ones. When you love people then you care about them regardless of whether they agree with your actions or not.

Actually, I didn't really start the topic to discuss heritage. Because if you're dead, you don't care what happens with your coins.

However, in theory, it's perfectly possible to come to a situation where 50% or 20% or 70% - whatever - of BTC is uncontrolled. For instance, because the owners have died, or because they've lost their code etc.

So what will happen to the currency then?

What you are saying is actually true and most people don't usually consider it. But if you die without letting anyone know your bitcoin secret, I don't think that your coins will ever be retrievable. If we don't actually consider this issue, it might happen that less than $10 000000 bitcoins are in circulation in the next 100- 200 years. Rather give your loved ones your private keys just be on the safe side. They will read about it if you die, and be able to access your bitcoins with your private keys.

When a man die the world continue with those still living, and in my religion the is the believe that after dead is judgement.
Your deed while you were living is what you will be judge by either good or bad, and that is what determine were you spend your eternity either in heaven or in hell.
Coming back to the question of what happen to your currency when you die, it is good for your to relate your codes to a trusted member of your family in other for them to have control over your wallet in your absence.
If not is gone for ever.

Well, I agree to that I will also teach my children to manage and make more bitcoin. In addition to that, when I die I will give my private key and wallet to my children. Then, I will teach them to use bitcoin properly and I will save some bitcoin that I will give to my family if I die. Lastly, I think I will make more bitcoin and I will give it to children.

Well all that can happen to our lives and the number of coins will continue to fall if no one knows our key wallet, with that from now on let's introduce to family, friends and people around us what is Bitcoin, if one day we die Coins that we Collect will benefit the people around us and not wasted because we never share, remember sharing is beautiful.

You could put your bitcoin into a safe deposit box at a bank so any family member could get it, but then the government could also get it. Not to mention plenty of stores of bank deposit boxes going "missing." Personally I am too paranoid for that. I would rather give my family members a passphrase and specific instructions on how to unlock them if I were to die.

i have seen that kind of case once but luckily my friend who already die, she give her account data to someone who she trust. 0.12 BTC worth on Poloniex can be saved. maybe we can try to give the data to someone who we trust maybe family or someone else so if something bad happen to us, our money not gone

Bitcoin and life has similarities. Think of one's life which is completely not certain, same is the situation of bitcoin. It has got increased value, but the same cannot be predicted. So when we're no more what's the need to think about it. Better is to educate few of your friends and family to access bitcoin.

Smart contracts will fix this!

Yeah, it is gone forever, unless someone finds that piece of paper and understand what it is and claims all the coins, it will be gone forever and never be able to recover it. So if you have large amount of coins, it is better to let your close ones know about it.

First of all, I would like to answer the OP, If we die then we will be dead persons and if our dead body will be thrown in water, it will float. Cool Han! hahaha!

I am not here to judge anyone's love on the base of whether they have told their loved ones about the BTC accounts or not. However, it is damn obvious that if they do not know the key, they can't access your BTCs.
I have also an idea. Exchanges must have some way to know whether someone is dead or alive. And once they discovered the death of  user, his BTCs should be collected. :p

A Will that includes all your  Bitcoin & cryptocurrency keys will probably do. 

I'm not sure what will happen with bitcoins that are stored and no longer retrieved after a long period of time. Does it depreciate? Go stagnant? Its probably advisable for us to keep our private keys ina safe place and entrust it to someone we can rely on, possibly someone with knowledge about bitcoin otherwise it would be useless. Storing it in a usb in a text file or something could probably do the trick, but if it were to be left with someone who doesn't know bitcoin, then instructions should be provided.

So what does happen to stored bitcoin that can no longer be accessed?

All things that are not well saved will surely be forever. When we die then no one else knows all the information we have. Except when we have told everything to the people we trust. Just like bitcoin, the bitcoin we have is inaccessible forever.

Indeed we will all die. If you have so much BTC then it is also necessary to prepare your wills regarding BTC. Otherwise all will be buried with our deaths.

There is already an estimated at least a million coins that are lost forever.

Some people deliberately do this for an ICO or whatnot, using "proof of burn". Essentially, all funds raised in the crowdsale will be sent into an address which nobody can access unless they have extensive hashpower which not even all the governments commbined have close to.

When you die, same thing happens. Basically, bitcoin's supply goes down. Therefore, in the long term bitcoin is actually deflationary as the amount of coins generated per block becomes less.

Yes chances are the money is useless, because no one is accessing it, it is the digital daylight, when we die all vanish without
 Remaining. But there is little suggestion it's good to notify emails and passwords on siblings if something happens later that could be useful

Well, I have never really think about it. I always thought that we should have more than just one money source.
Don't rely on Bitcoin only. We should have other work or other business to stay alive. I mean stay make money.
Maybe we should mine Bitcoin but at the same time we have other business like Blog and Adsense or Amazon ?  ;D

Yes those Bitcoins will be permanently lost and can never be used unless someone knows how to calculate the private key or just gets lucky and guesses it.

There will be lost Bitcoins every year and therefore the number of lost Bitcoins will keep increasing over time. There will probably be a time in the future when there are more coins lost than not lost. But we won't be able to know which ones are lost unless people make it known what coins have lost private keys.

LOL, i think for sure it , the future it will be disappear may be a few or a half.
No someone can foresee its future ;D ;D ;D ;D

Yes, you could do that but it is important to remember that wills (at least in the United States) are matters of public record, which means that after the will is filed, anyone could go to the relevant county's courthouse (or access its records via website for a small fee) and read the contents of the will. So you would probably not want to put your actual private key in there, although you could still make a general bequest of your bitcoin balance to your successor.

Safe deposit boxes also carry some risks, like the risk of an unscrupulous bank official having access to your stuff, or the risk of either bank or government confiscation should there be a "bail in" to recapitalize the banks during a financial crisis, or perhaps a change in the laws regarding private assets held at banks.

Well if i die and my family don't find my private key or my wallet that have all my bitcoins maybe it will gone forever. Because my family is don't know about bitcoin and how it works. I think i will start to write a note about my bitcoin wallet and how to open it lmao. We never know when the dead comes though, just prepare for it.

Yeah, it's gone forever, lost coins.

If you are saving bitcoins for your loved ones then you should clearly explain to them how bitcoin works and how to inherit coins in case you die.

The simplest form of bitcoin inheritance is writing down the private keys on a piece of paper and storing it in a safety deposit box.

You can use bitcoin protocol for inheritance, but these are a bit technical and complicated, contract/time-locked transaction.

https://en.bitcoin.it/wiki/Contracts#Example_4%3a_Using_external_state

https://en.bitcoin.it/wiki/Timelock

Shamir's Secret Sharing Scheme - https://en.m.wikipedia.org/wiki/Shamir%27s_Secret_Sharing

Third-party services. Currently Coinbase doesn't allow to add a beneficiary, but through will and testament ownership of Coinbase account can be transferred.

https://support.coinbase.com/customer/en/portal/articles/2321225-how-do-i-gain-access-to-a-deceased-family-member-s-coinbase-account-

I guess in future there would be more bitcoin/crypto/digital inheritance services.

Everyone will die, and before we die we must give the best action and usefull for anyone. And this is the best time to prepare before we die, we must help anyone who need.

This is indeed a realistic way of looking at various possibilities in the future. I guess if you are not well prepared and you suddenly died and no one in your family is aware of your BTC, then I guess there must be some truth on the other side of the old adage that we cannot bring our money to our grave. Because that is what will happen, your BTC will be going with you in your grave.  ;D

Bitcoin is at its beginning and as many other things it has not yet a legal base everywhere in the world. Give it time and many other people will ask the same question as you have asked yourself. Sometime in the near future, somewhere in the world, some poeple will find the "legal" answer to your question. My guess is that as for other assets that have value in this world there will be a way to will them. In other words, in the next 10-20 years, there will be a legal basis for your descendants to inherit your bitcoin money.  

Yes everyone may die but before that happens you must inform your love ones about your private keys. Or put a note and your wealth in your will. We will never know what may happens in everyday of our life. Because your btc will not retrievable once no one knows of our account.

hmmm... i never tot of this. but i guess leaving of a will will be the way / or sending is password to to them / note down in a piece of paper and keep it in safe box maybe. . because no one is accessing it, is like when i die, every bit of bc i have die..

Yes that is the sad part of it. You are sacrificing that in exchange for security and privacy which is not bad. But if you are willing to give your Bitcoins on your moment of death you can always right it in your last will and testament. That advantage of this is you are keeping your Bitcoin until you are alive and all your Bitcoin will be transferred on the moment of your death. This can be a quick fix for people who have these problems.

As a single bitcoiners in the family I totally agree with you on that, we will never know if when we will be our last day in this world. And I think I have to leave a paper work for that matter or teach one of my family members even just a clue that may enough for them to retrieve my bitcoin in a wallet but I know wouldn't be an easy task. But I thank you for opening it up, I just have made an idea for this matter at hand.

If you die and nobody from your family can retrieve it then that bitcoin is lost forever. I teach my sister about bitcoin, told her how to send money, sell etc and i give her a backup of my private key so in case something bad happen, she can still use that money.

I agree with you since we do not know the exact time our life ends it is advisable and is a must to make a note or even tutorial on how our love ones can claim or withdraw our Bitcoins when time comes we leave in this world unexpected. I we dies with our Bitcoin and no one knows you have it then the circulation or the supply will goes down. Same as the man who put all his Bitcoin in his hard drive take note that it was a large ammount of BTC then when the drive malfunction and became unusable he throw it into like a dumpsite and boom! He lost all his Bitcoins and I think it also deducted the total BTC supply on the market. So lesson learned is that we have to make sure we had kept our private keys in a safe place and teach one of our trusted family member to learn how they can withdraw BTC in time something would happen to us because we'll never know when we will die, much better we are prepared for it so that they can have the benefits from our BTC since we work hard for it.

Well, if you are smart enough to figure out how to use bitcoin, I guess your family will also understand on how to use bitcoin.  So don’t worry of your hardwork  drowning deep down the ocean.  Or tell someone extremely trustworthy to get access to your bitcoin just in case of emergency or if something happens to a you, it's just hypothetical, so be safe and God bless you!

Before i die i already made a simple tutorial on a notebook in my house that i keep on a very safe storage and i already told my wife about that but i tell her that they will just open and read the mystery notebook if i will die so they can have an enough funds to continue their living and build some source of income from their own.

If i die maybe nobody will continue my bitcoin, therefore i will do a plan on coin restoration in this situation has been much discussed in the forum. And I will give all of them to my child, by submitting his personal and key accounts.

You have to prepare from now by teaching them from basic understanding, bitcoin can be a proper inheritance pattern and you only need small notes and hardwallets like trezor to give to them at the right time, we also have to think about family survival even before you die.

I will assume you mean what will happen with our Bitcoin if we die. Well you should show at least one family member how to restore a wallet with the private key that way they can still have the bitcoins. You don't want them to go to waste when they help out your family so much.


I love this. This is brillaint. There should be some snoooy government building there too. That picture perfectly disxeibes bitcoin. Bitcoin does not care what first on in the world Bitcoin does it's own thing. Bitcoin will steamroll anything in it's oath without a single issue as if it was nothing.

hehehe i think we don't have of think of that situation right now. yeah but if your age is above 50 and your are holding a good amount of crypto currency in you wallet then of course yes you have to but i am right now in my 20's and thinking of being died and what happen of my earning or investment if i die is just shit right now.

So we need to be more specific on what we were writing on a paper on where they will need to use it in case we are going to die. In my age I am not thinking that happens but my husband already knows all my wallet so maybe there will be no problem. I might tell him everything so in case I am not around he has the code.

I remember already debating this topic and the best, and most reasonable solution imo was fhat there should be implemented a "timer" that would, let's sat after 15yrs, return the btc to the miner if they werent used in that time or simply moved or interacted with in any way. So basically if a person holding the bitcoins dies, and he didnt leave the info for anyone, then after the 15yrs of his bitcoins being unused, they'd return to their original miner.

hello friends1980

Before I die, of course I will tell all things about bitcoin including my private key, And I trust my family to know about my private key , because no way we will live forever.

There is a large possibility that coins are slowly disappearing which only makes bitcoin a better store of value. Its not like a physical bar of gold where you can claim it if you die by just picking it up. If someone doesnt know the password or the private key, essentially its gone forever. I personally have my passwords hidden in my room and hope that if I die my family could access my coins.

Yes i think we should keep our private keys to one trusted person who was very close to us so that if these things happen they can used our money that we have saved in out wallet.

Could also leave they keys in escrow as part of your will with your lawyer - this is a good topic for discussion in the legal world.

Private keys should be in your will or in a safe deposit box with instructions on what to do with them. If it's not clearly explained, those Bitcoins could be lost forever. I'm sure this has happened many times and will continue to happen since Bitcoins have recently begun to be worth a lot of money. In the past, Bitcoins were less valuable and people were probably not as cautious.

If we die then all we have will die as well, to anticipate it better we choose people we can trust to continue what we have now then all your wealth will continue until your children and grandchildren. But if you choose to keep it a secret, I think it's a free choice for you to decide.

Yeah when we die we can't take anything with us. We will be going empty handed, it's good to hand over to someone else or make others make use of it and get benefitted. For this it's good to teach an trusted person or the family members how to access it, if something unexpected happens.

Yeah, I have think about this issue, but honestly until today I still don't have more time for explain my family the method use cryptocurrency if in someday I die earlier them. I hope in next time can spend one week for solve this issue.

if the wealth of what kind of debt can be downgraded to posterity? - if a dead and want to descend all of their wealth to posterity but they do not know its existence what to do while it's gone dont know their whereabouts?

It is always risky but thanks to that BTC is so valuable. We can always protect ourselves by giving access BTC to our trusted person.

dying is the door to a lifetime hapinesss or reincarnation ? noone know !!! but what ever happen i will thank whoever  responsible for this for letting me in this damn beatiful wold.. ilove liiving here even problems occur .. unstoppable... unremarkable and never get empty as long as i have my children with me this is paradise

Yeah, including the keys in your will is the best way they can be used after you. But what if we don’t have anyone who belongs to us? What if we don’t have anyone on whom we could trust much that he/she will use it in correct way? I think in that case we must hand it over to some business man. It will be a good act done. It will help that person and there will be no risk of their being wasted.

Exactly. We should never stop circulating this asset. Cause if we do it will slowly goes down. However that certain amounts that are wasted is so disappointing to look at. That should be divided to all user in my opinion(yet how to consider if the person dies and there is no beneficiary of his amount is almost impossible)

That's unthinkable to me, therefore I will tell my family about bitcoin, if I died there is still yatng get bitcoin my work, I pray that all friends who work in bictoin longevity and healthy always :)

It is important that you need to tell someone you trust about what are you doing with bitcoin. Family or best friend. If worst thing happen to you, like accident or something. They can use it to help you.

How long you want to keep your btc? I think you have a beatiful plan for it use. But remember, we're not live forever, Nobody. So by doing investment with this crypto, you need to tell someone you can trust, just told him/her, you have an asset in bitcoin, and you keep it in online wallet, and you have print it seed. So If you're gone, and dont have a time to use it, they will find and learn how to use it, because its your legacy.

Written instructions are a must unless they know about bitcoin and like said private key given to someone that you trust. I suppose it all has to do with your vision for your bitcoin if only a small amount you may invisage keeping it for your great grandchildren

This is not as complicated as we have made it here. Person holding the Bitcoins has to die one day and of-course his siblings including wife, husband, son, daughter and in some cases  patents has the rights on the deceased person money whether is held in cash or in the form of digital currency. If any of these person has access to the computer where the wallet is stored, he /she can easily open the wallet and transfer money to their own personal bitcoin address.

Well, if I die I will turn over all my bitcoin to my children and I will give also my wallet. In addition to that, I will make and earn more bitcoin and I will give it to my children if I die. I will also give my private key to my children. Lastly, I will hold my bitcoin and save it for the future of my children.

Yes, someone you trust should know a password to the documents or databases holding your private keys together with a short description what Bitcoin is and how to access and sell it. If noone knows about your bitcoins, they are lost when you die until some geeks someday brute force the private key.

I also thought of investing some money into bitcoin for my daughters future. Just buy a bitcoin, print out the private key and address and hide it until she is 18. Then hand it to her and voila: She will be a millionaire if Bitcoin price continues to rise like in the past years. ;D

in fact there is no gauranty of life, no one know about the life that when will it over. therefore it is too much important that some one may know about our assets that are present in form of bitcoin or any other online currency, you should tell to your dear ones, who are legally your insistar and to whom you have fully trust. i think through this way you can protect your money in a good way.

Bitcoin as a future investement means thta even if the investor is dead the family or the wife will continue ''infinito''

well life and death is not in our own hands but I think it will not decrease the importance of the bitcoin. There for we should think about our family that we should leave something behind for our family that they will get after you will die. As I have got my passphrases written down somewhere and I have told about it my sister so I am happy if something ever happen with me at least I will leave something for my family. 

If she know what is bitcoin and she knows how to handle it. Though if we are talking about in our self right, im a teenager who have a girlfriend i do have a parents too and they know what is bitcoin but they dont know how it works and what it is, they only know that im earning money from it, then if suddenly somethings happen well no one could use my bitcoin and when the time goes by if the price of bitcoins is in millions then my family or my parents dont know that they are a millioner but they couldnt get my bitcoin unless they could find all of the private keys  ;)

True, Dying is out of our hands, we all don't know our due date (death date), but as we live we all should have a contingency plan, meaning we all should have series of plans that, if we fail, then there is other plan for us to succeed. My sister knows about my private keys, and i have multiple copies of it in case of emergency, we all know how to operate our account, so i think i am prepared to die even though i am only 19 (regarding the topic, hopefully i will not die at a young age).

Well, if someone dies and the private key is not shared to anyone, the amount inside the account will be gone forever. Yes it will be wasted because all that you've earned will be gone for good so it's advisable to share infos about it, most especially the private key to someone closest and trustworthy with your accounts.

He is right for once, OP. You must tell someone who is close to you about your bitcoins. There must be somebody whom you want to trust with your valuables before death actually embraces you (May you live long but still how long can anyone live). I am afraid that all your bitcoins will be gone resulting decrease in total number.

That's why you have to view Bitcoin as an investment, not a form of play money. The amount of uses and users participating is astounding. As the Blockchain gains more authority and traction as a real way to store value, Bitcoin will be ever more attractive.

Store your Bitcoins in a cold wallet and store it somewhere secure like a safe. There are many options for cold wallets. Check out my website for more smart investing strategies for the long, long term.

You need to write Bitcoin into your will right now. You never know when you are going to die. If you die and all your Bitcoin is on an exchange and even your friend and/or family know, they will not be able to access it. (they do not know your password!)

At least put the password in a security box at your bank and grant them access upon your death. Chances are you won't die, but if it happens they will be able to get the pass and your Bitcoin. Otherwise it will be a waste of money and to your family.

If we die and have some bitcoin, then Give our btc as a legacy that will benefit our children and grandchildren.

Everything we do will be our responsibility, but before we die, it's good we do the best for everyone, so we can smile and always remember.

All in all, this is still an interesting existential question  :) I'm not sure you can mention your bitcoins in your will, although this would be a good option. But I hope I'm able to leave my keys to a close person before I die. Given that I have a chance to prepare for death. Otherwise the coins will be probably lost forever, and it's a shame

All your coins go to heaven with you

Indeed in essence if we look at all the transactions or data contained in bitcoin. That for the next 20 years bitcoin still exist and certainly will provide benefits for those who do store bitcoin, and also will certainly get the ease in the future. Because indeed the system and technology owned by bitcoin far superior and profitable for all people in this world. When we can easily understand and understand the growth of bitcoin will definitely understand and do something the right thing

I think that in a few years this recital about the legacy of bitcoin will be improved or it will be necessary to pass on to their children keys and passwords so that they can use coins.

bro that was quite funny. We are the only owners of our coins and no one can touch them so if we die those coins will be no longer of any use. Bitcoin network is run by humans and if humans die that means bitcoin die. So we must use that will thing to make them to be used by someone after us. and if people start dying while owning bitcoin will also affect the value of bitcoin.

I understand that many people would not like to see their money disappear after their death, but the purpose of my OP was to discuss the economical consequences of the fact that BTC will be disappearing along the way.

Will this bring more value to the crypto concept or could this mean a possible destruction of the concept?

that's because bitcoin is important if we lose it and we can not say it and let's know what bitcoin our loved ones do not interfere so we should first teach it to our family so that we will lose our attention to our knowledge bitcoin.

All of us should be taught our children to manage our Bitcoin before we die. Because it is a valuable coin and profitable business and the most successful road to invest. So after I died I would give my ID this valuable ID in the hands of my generation.

If that happens as you stated, of course if we die it is also bitcoin that we have. For that when we have bitcoin which according to have a high enough value then the best preparation teach one family how to use it and tell them the password from the account bitcoin that we have, so that when we die then the bitcoin we have will not die, but useful and can be owned by the people we want to have the bitcoin we have.

As an investors that wanted to provide a better life of our family in the future we used to invest in high profit investment but sometime we may ask some question if what happens to our investment if we die, but all i can say that our investment is still be safe as it continue to rise depending on the market status and let's make ensure we provide the the private keys or documents to our trusted family members so they can continue to mange our investment once we die.

Agree, Let's just ensure that we provided the complete documents to the person we really trust because its very risky because it involves money that can be possibly stolen and benefited only by single or few person because cryptocurrency will never been lost as long as we have keys to do transactions.

I think bitcoin can't die maybe the word bitcoin can die but there are so many coins like bitcoin cannot be die in fact it is so hard do kill bitcoin easily.

If I die there must be a family that takes care of and gets my bitcoin account. Because in my family I'm not the only one doing bitcoin.

I think your bitcoin is gone forever when you die. Even several bitcoin have been lost by people who are still alive but misplaced their wallet security. I just read about a wallet with 103 bitcoin whose owner can't access due to missing private keys. Your coins will forever be archived by your wallet.

This happens every day actually, people loosing their private keys, sending bitcoins to another coin address, and simply being hacked.
I doubt that there ever be 21M of bitcoin circulating, some wallets have thousands of bitcoins for years now, and no movement at all.
So, don't loose your private keys, always double check where and how much you send, to avoid loosing any crypto at all.

Every one will be do not know when he will be die, die is never care about you are healthy or not. You can faced die without you know when is happen to you. For bitcoin member have to do something to face die and take care about bitcoin wallet, some people have bitcoin more on their wallet but he talk to his family about his bitcoin. give your family data about your bitcoin to take care something bad happen to you.

If you die when you hold bitcoin in your wallet and without sharing your privacy key to anyone it will be gone forever. Therefore you must prepare everything for the future.

Yes, it will be a complete failure. At me all passwords are ciphered and anybody except for me will not understand that to what.

If one dies and no member of the family has no access to the private key and password then all your years of investing and investments will go down the drain thats why its advisable for atleast a member of the family who is responsible  enough should have access to it or better still there  could be a written will for it else all your investments are gone.

You are cerrainly right about tagt point. If the holder disappear without entrusting his or her private key to someone then it will just become a ghost money.

There is so called will and testament I thought so.  If anyone dies and if that dies wealthy or somehow having some treasures like bitcoins, it must be at least been settled on a legal matter like having it documented on a Will and Testament.  You wouldn't want your wealth just turn in to dust when you have gone suddenly.  You have your family, your wife/husband or children who at least you let them know your passwords or important matters just in case something happens to you.  Just my opinion or suggestion.

Sometimes I also think of things like this ...

it looks like we should really have a reliable partner ...

for now it's just one way to solve this problem.

that will happen if you die and the assets you have no one knows and no one can access unless only you seem to have assets that you have will be a treasure that can not be solved by anyone.

death is inevitable, it can come anytime. soldier go soldier come barracks remains. not everyone that knows the beginning of bitcoin will know the end. all those that are foreseeing the death or the permanent crashing of bitcoin are just wasting their time. bitcoin can never die, rather it will gather more strength and break more grounds.

It is a good question raised by this fellow, our private key and all our information can b known to our next of kin because death is inevitable so that we will not lost even after death

yes you are right bitcoin you have will be stored in wallet that you have for eternity because nobody can access or go into your wallet, but it seems if stored in place of exchange maybe it can be peroses from family concerned.

Personally, I have long thought about what will happen to my coins after that when I no longer will be in this world! and therefore, despite my son for 10 years, I personally teach him everything that he after my death owned all the information and managed coins in the future to support his family in the future and his mother! so that life seemed to them easier and nebylo needs! this will be my will for them !!!

This fellow was actually wondering about the economical consequences of cryptocoins disappearing slowly, but nobody seems to give a shit and doesn't even bother reading the other posts and replies in this thread, clearly stating it's about ECONOMY and not about your will.

Of course you need someone to have access to your keys if you don't want your coins to be lost. We really don't need 10 frigging pages of posts to figure that out.

But WHAT ARE THE ECONOMICAL CONSEQUENCES IF THESE COINS GET LOST SLOWLY?

I hope it will be clearly readable now.

Mental note: never forget to self-moderate topic again.

IF some day one who holds many bitcoins dies, in such a case those who get his private keys will be able to get the bitcoins or else if that private key got deleted means those bitcoins will be lost forever as no one will be able to access the bitcoins of the deceased person unless and until if he shares his private keys to close associates or family members just in case anything happens to the bitcoin holder some one else should get to use his bitcoins. Due to increase in the number of bitcoins users the prices will keep on increasing and the lost bitcoins will be lost forever if the bitcoin holder dies with his private keys.

This isn't as confused as we have made it here. Individual holding the Bitcoins needs amazing day and obviously his kin including spouse, husband, child, girl and at times licenses has the rights on the perished individual cash whether is held in trade or out the type of advanced money. In the event that any of these individual approaches the PC where the wallet is put away, he/she can without much of a stretch open the wallet and exchange cash to their very own bitcoin address.

when you die and your family does not find the key, then this is over. the coin is decaying by itself and your work will not be useful to your family. so my advice do not make this  your for family secret.

This is a very nice idea, it is advice-able that one should have trusted family member who knows about his crypto life but private and public because Of a true fact, man will definitely die someday, someway and if he or she did not in any way give the family a clue or hint on how to access their bitcoin or any other cryptocurrencies, such currency is indeed lost forever?

If we die our holdings and assets also will be in memories. No can ever revert it back by using only your picture or birthcertifacate or id's etc. You have to choose right now who you can trust the most so that your assets will be move out when you will die.

In my own personal opinion, if we die and none of our family do not know how to access in any of our accounts then all of our holdings will be useless because they do not have any copy of our private keys. Better teach one of your family how to access on your account, so that if you die all of your holdings will not be useless.

Indeed all will die this fact is no doubt
I thought a lot about this question
I tried to explain to my family how they to take advantage of the currencies in the event of my death
But unfortunately, I can not find a response
They say write the steps to deal with this and we will follow the steps and deal easily
I tried to explain it was not that easy but no use
I hope that you will understand this before my dea

I've already written down my wallet details , and how to access them, a brief guide along with my bank account details. So when they check them they'll see and hopefully someone understand. well I've already told them about it and they while they mainly think I waste my time they do have a small idea.

But yeah, what you're saying is true, they can be number of reasons to have a less circulation even after all the bitcoins are mined. well it will already be like that, because we've seen some sad videos people already lost their wallet addresses, hard drives that they mined bitcoin, saw an video of someone loosing 20 Million USD value BTC by thinking it's not important, he mined them in 2009 and he recycled the hard drive and those BTC will be lost forever.

if it happens in my life that I die I told my family that this is the private key and this is also the password of all the important ones they know and how to play it because it's the only treasure I left behind them

If you die without leaving sufficient information enough for your remaining families and loved ones to trace your Bitcoin or altcoin treasure, then the same treasure will also die with you. And I am sure that a good number of Bitcoins, amounting to a massive wealth had already found its way in limbo, being forgotten years before Bitcoin came into the spotlight. Who would have thought that this once worthless invention would reach something like today?

It is true of your opinion that the assets we have are not wasted in the end. It can be an asset for the next generation of us

it would be nice right now we are giving knowledge to our closest people so that they know about cryptocurrency and can get access to all our assets if we will go home early

everything continues happen

I already have plan for this if it happen, well i have a friend that i trust so much and were both in crypto. We decided to store our private key in a USB and also written it on a paper, so if ever anyone of us die he or i can have access to the account then will use it help his/my family.

 DEATH is surely inevitable. Everyone will die but nobody know when. For all i know, there will always be this one person or few people we can trust. it could be your spouse, siblings or parents. In order for us not to die with our bitcoins going waste, its better we make our bitcoin wallet address and private key known to them. Better still, we can make a will which includes our bitcoin account details so that our relative can get access to our bitcoins when we die.

Death is certain in uncertain season. No mankind can escape the reality about death. With regards to crypto once the person die and no one knows about the private key, then every token of the person will become meaningless unless the block chain will do something to revive the tokens and give it to the family.

If you didn't tell your family about the bitcoin investment, then it will become useless after your death. You must share about bitcoin and its password to a trustable person.  Then only they can use that after your death. So please disclose it to anyone who is more sincere to you and trustable to you.

Previously I will teach all my family members, for now my brother has studied cryptocurrency, if I am called from this world then the coin that I leave will not be lost.

It seems to be gone forever, and of course this number will continue to grow then the number of bitcoins scattered in the market will probably continue to decline. The case of the loss of bitcoin not just on the death factor alone, but this has happened to someone named James Howells an IT expert from Wales. He accidentally discarded the hard drive, which is full of bitcoin with a total of 7.500 bitcoins. Surely this will add a row of cases of bitcoin loss.

Dying inevitable and we cannot foresee it as well. We all die eventually so if we have some important assets maybe left behind like bitcoin for an instance, it is best to enlighten or give a well information on how bitcoin works as well as  entrusting our bitcoin wallet and private key in case of unforeseen incidents will happen to us in the future. We may die at least we have given them the bright future for themselves.

When you die and can not leave any small sample of inheritance or a private place to find, the value for money will be hashed forever. And that would be the fact that in the next cycle when mining is no longer appropriate. 21 million bitcoin can be left only 15 million. ::)

actually the bitcoin and all coin that you save in that wallet will not dissapear, the bitocin and the other coin will be in that wallet forever until somebody open that wallet with match private key, as long they not find the private key, the bitcoin and ither crytpcurrencies will in that wallet foerever and ever

The good thing to do is incase someone happens,  you should have trusted at least someone to know about your password something like that,  your husband/wife will do, just making sure than having the money gone with you.

If people die then the world will be as it is. Nothing will upgrade nor downgrade. There will be no one to invent things.

All of us are going to die with that, so I will teach my children how to bitcoin and my husband for knowing how to use bitcoin and if something bad happens to me then they can use my account in bitcoin so I can pass them on I know bitcoin so if the day came when I was no longer ready I would not have to breathe because they used to use my bitcoin account.

For me if i die, my husband will take over my bitcoin. Because he is the one who introduce me how bitcoin works. And probably our children will be soon to become a bitcoiners. My children know about bitcoin but they don't know yet the process. I'll wait a little time to teach them how.

if we die all crypto we have it will disappearred forever in the world because nobody can find your wallet to use your money,maybe it will become treasure for who will find your private kye :))

bitcoin we will die if we die because we protected value of bitcoin.

Right, the coins will definitely not be restored forever. That's really the reason why plans about their coin recovery in these situations are the reason for the forums. And right, when the end of mining is actually going to be lower than the total of coins it is moving.

Death must be inevitable, no human being can escape the reality of death.

We all end up dead so if we have some important assets that might be left behind like Bitcoin.

So before I die I will teach my children and my wife to know how to use Bitcoin and if something bad happens to me then they can use my account in this bitcoin so they can forward it.

Well, In my opinion, we need to have someone who can trust with. Then teach them how bitcoin works.

If you die today and even your family did not know what is bitcoin your money will be useless. You need to tell to your relatives you trust and tell about bitcoin and tell your private key once you die they can open it and use your money. But you need to tell also don't open until you don't die because maybe they open it without your permission.

Yes there will be no longer access to the bitcoins if your family doesn't find the keys or they lost it aftet your death. There were also survivors of an accident, who said that when they were about to die they saw a glimpse of their life span milling in front of their eyes.

Yeah, I am also planning on this now as we cannot predict what's gonna happen tomorrow or the other day. Maybe I will need to write down all my passwords and all alts that I am holding now. But still hoping we can still have a lot of time in our lives.

of course it will reduce the total supply of bitcoin in circulation, in other words if there are whales are dead, then only he knows the key to access all BTC it, then the total supply BTC will also be reduced because it is locked forever without any can open

A will is the way to go. Its one if your assets, and as such should be available to be inherited

This is a problem with bitcoin it could go scarce and this is good thing since the price could go even higher if the supply is low this way we could all agree that this thing is good

Well all that can happen to our lives and the number of coins will continue to fall if no one knows our key wallet, I would rather give my family members a passphrase and specific instructions on how to unlock them if I were to die.

If you die no one will continue investing in crypto, so you must be sure to teach your wife or son or daughter about investing in crypto. I am sure that crypto will not die in the years to come.

Well, if we die (the crypro people) and no one will follow our foot steps here in the crypto currency community, then a few people will remain I guess. So it is better that we should teach our family, relatives, friends and any other people that is interested to crypto currency and make them also realize the good deeds of this to our life.

Have a will on ourselves is not enough to gain back the bitcoin that already has no access because of die or other thing.
We need to put it safe and can be accessable to other people like family because of not then have a will only is not enough.

If nobody knows you have bitcoin or how to get to them then yes, they're lost forever unless someone is able to hack your wallet. For this reason you better leave some instructions of what bitcoin are and how to get them to someone very close to you.

If we die and nobody knows our private keys, then the coins we have can be useless because nobody can use it anymore, it will grow eventually, depends on its price, but still no one can use it. Unless if we die not a sudden death, then we can leave the private keys to someone whom we loved and trusted the most so they can use it and make it grow even better. Making a last will testament is also a good idea especially if we have much coins in our wallet.

I think if I die that will happen is the fate of my son that I can not guide directed to the way that I think is better and right for his character

who knows I prefer to believe in some good variations ;D
like even if BTC is dead altcoins open it's possibilities and BTC, not more make them move according to his manipulations...

For me when the bitcoin is die more people or users are be sad for this news and more people are be angry because of that but when this is not a true more people happy and also me.

This may also be the reason that a bitcoin disappears.

I think bitcoin can't die maybe the word bitcoin can die but there are so many coins like bitcoin cannot be die in fact it is so hard do kill bitcoin easily.

Theirs no statistic of bitcoin holders die everyday but I think many bitcoin holders die everyday and their holding will become useless, it result that bitcoin volume decreasing.
For me, I already share my wallet and keys to my wife so whatever happen it is safe when them for our family.

If you die when you hold bitcoin in your wallet and without sharing your privacy key to anyone it will be gone forever. Therefore you must prepare everything for the future.

When a person dies, physicians usually check for cardiac death (when the heart stops beating) or brain death (when there is no more electrical activity in the brain), O'Connor said. [Are 'Flatliners' Conscious After Death?]

If someone is a "vegetable," that means there is no more brain activity, and that life support is keeping the organs functioning. At that point, "legally, the life support is turned off because they have died," O'Connor said.

These two types of death — cardiac and brain — are used no matter how the person died. "It could be a sudden cardiac arrest, when the heart stops. It could be a bad trauma, when someone has a lot of bleeding and then their heart stops because there isn't enough blood flow," O'Connor said. "Or, you could have a bad neurologic injury and then have a brain death, where your brain doesn't have electrical activity, and then your body would follow."

Die for bitcoin or ?

if you invest in bitcoin in future you will die so just you have only one way in our family tell every thing about the bitcoin .how i am invest and this is my kyc and all details about your account .if you don't do that so you lost all of money .

I agree with you. I have seen many cases happen. When many investors keep secrets about what they are doing and a sudden accident comes to him and he does not say the password to his loved ones. And his bitcoin kept in his wallet forever. So, we should share the work you are doing and say the  password to the people you trust.

I think the dead are obligations, but our BTC will live even though our little boy does not know. then from now on we teach them who knows when our time immediately died.
the passion for bitcoin users, bitcoin could save the lives of our children's spirits ...

Of course your coins will be lost forever, if your relatives are not so smart)) Therefore it is better to write a will)

The currency was gone forever. That is why after reading this question i am planning to write down my private keys and passwords of all site that i have bitcoin balance makinv sure that if i die she can withdraw all my investment. So as early as you get involve in bitcoin world you must tell them.

A good observation there, thats why is good to carry one or two of our immediate family along in cryptocurrencies matter will involve. Am not saying will should let them have access to our private keys and password immediately but teach your children and wards what cryptocurrency is all about what all aspects you engage in. You can later will and documented your password and private keys.

If a bitcoiner die and his family doesn't have any idea about his bitcoin possession is very unfortunate phenomenon but realistically, it might happen so your observation of decreasing number of bitcoin circulation due to this circumstance might occur.  This is the reason why I think it is our responsibility to share our knowledge in our family members about bitcoin so they will be familiar with it and can access your possesion in case something bad happen to us. I think this is the only key to prevent the decreasing number of bitcoin circulation.  Some people might think that having a program to recover lost bitcoin is the key but I found this very risky that might be use to hack other account in the future.  So, we have to be aware of it and prevent it through education dessimination in our family.

That is even very normal in our daily life, if you will not share your information about your property no one can know about it and all your property will gone for ever, you need to share your information about your online wallet as well as your bank accounts if you want you family to know about your property and assets and after your death they can easy get all your property.

Well, for such a problem you should tell bitcoin to your family "the benefits and use of bitcoin" so bitcoin can be directly inherited to your family.

bitcoin will die if we die because bitcoin dont have protection.

You are right, I think we should share what are we doing to our family so that they will be aware of all our assets if ever there are something that might happen to us. We cannot really tell what may happen in the near future.

It's a good move to pass on the assets we have or the intelligence we have to our families.

It is very important to teach someone close to us to know about it maybe your husband , wife or child everything must not be secret to your family. Even if bitcoin will die the truth is some will die before then so it is very important to teach.

Well if you a bitcoin holder and accidentally die.. your Crypto also dies. Unless your family have your keys and knows what Crypto currencies means.

Agree all our investment will be gone once we die accidentally so it is very important that we inform atleast one of our family member that can access all the importants files we have. We can also save our files and video tutorial  in flash drive of a hard copy so they can easily access.

so it is better to give the information about our coins to other members or at least someone that we trust so they can continue to use what we've done and they can have a better life. I don't want my coins will not worth to them because what I do is for them too and I will give something to their life. and now, I already told my parents and my brother and my sister what I am doing in the cryptocurrency so they know that I don't use that money for myself but for them too.

the first thing I have to do is make a will that contains the code that is not too complicated and the testament is only for the nearest person.

To be honest, if you are having a legal document or any document which is trusted by your family members behind you then you can always distribute your crypto funds among your family members along with the credentials of using it. It is true that we have lost a huge number of Bitcoins so far and hence as a user we should make some provision for the treatment of our crypto wealth after our death.

There should have a program for that instances so that everything will not come to an end in just a twinkling of an eye everything gone. It should be very nice if there will have a project for this, seems impossible and I think so impossible for once lose it will forever lose.

if we die at some point then all we have is also dead, for this problem we anticipate it better to choose someone who can be trusted to continue what we have now then all your own wealth will continue until your own children grandchildren . But if you keep it a secret, we think it's a free choice for you to decide.

I don't even believe right now that there are 18m Bitcoins that are in people's controls. They estimate around 4 million is lost already, and by the time majority of the mining gets done that number could increase to 5 million. That is why I like to use 16m total as a baseline for where we will end up, and I think the price should reflect the supply at least when it is all said and done.

Everyone does not know when he will experience the last road, death is never cared if you are healthy or not. You can face death without you knowing when it happened to you. For bitcoin members keep trying to do something to face death and to be careful about bitcoin purses, some people have more bitcoin in their wallets but he speaks first to talk to his family about his bitcoin. give your family some data about your bitcoin to take care of something you do not want in yourself.

Very well said. It has high possibility that it will happen in the future. So in order to avoid it happening, we need to teach someone we can trust about our bitcoin savings. Tell them how will it works, what will they do and give them knowledge about cryptocurrency. So that if unexpected happen to me there is a person knows my private key and password.

indeed death does not know when it will come to see us And that's for sure. if I die I will give all the assets I have for my family. especially in part for me to give to the needy .

nothing, the rest will live as before

Well all that can happen to our lives and the number of coins will continue to fall if no one knows our key wallet, with that from now on let's introduce to family, friends and people around us what is Bitcoin, if one day we die Coins that we Collect will benefit the people around us and not wasted because we never share, remember sharing is beautiful.Even several bitcoin have been lost by people who are still alive but misplaced their wallet security. I just read about a wallet with 103 bitcoin whose owner can't access due to missing private keys. Your coins will forever be archived by your wallet.

If we die all the properties we have will be divided among our family member. But there will be no one else be benefited on our accounts in cryptos, otherwise theres one family members know all about our accounts and passwords to access on our accounts.

That's very bright idea, to teach our children about in bitcoin cause we don't know what happen tomorrow to our life, so we need to be prepared teaching them is not bad cause we know our investment in bitcoin it will continue. And I think our children thanks to us cause they know how manage an account in bitcoin for there future become successful.

A good observation there, thats why is good to carry one or two of our immediate family along in cryptocurrencies matter will involve. and more people are be angry because of that but when this is not a true more people happy and also me.

Well, it's better to tell any trusted person in your family about your private keys because it's impossible to retrieve back the lost amount if you are die.
( oops   :( )

if I think personally if it happens to us and things we do not want at least we can trust one of our students to become heirs and understand the technology and also provide direction about crypto and teach it so that our assets can go down to the bottom .

They are gone. Pushing up the price ultimately of all other BTC's remaining.

When that happens, then the btc will be there waiting for a genius to crack your wallet, or maybe somebody that is able to track your address. Anything could happen in the future that we haven't discovered yet. Technology evolves my friend.

I think this is a wonderful question that we can tackled  now, what if we die now or accidentally we die not introducing your source of income to your one of your family members then soon your investment boom and they didn't know how to access your account then it would be useless, so I think it is an eye opener that we should at lease inform one of our family the one you've trust for your investment not to put into waste.

That's why education is very important. Today we teach our children the importance of saving money, investing, etc. Its also done via regular media to educate people on saving, investing and basically the value of fiat currencies. If cryptocurrencies will catch up and explode, I am sure the same thing will happen. We as parents and even the media will take part in educating younger generations on how to save, invest and acquire more and more cryptocurrencies.

If it does not go that far, I believe we need to talk with a close family member and educate them on the value of cryptocurrencies and if something happens to me (or you) then that person will have all the details, basic knowledge to take over and do whatever with those cryptos! So we need to make sure in the case we die, we have someone else assigned to take care of my (your) cryptocurrencies.

I do think it is worthy of a KEYNOTE for those who have some reasonable amount of bitcoins or ethereum in their wallets. They should try and have it disclosed to their loved ones and if possible to have a WILL ready should in case of any uncertainty. I do believe a lot of assets have been lost due to improper documentation and withholding of vital information from next of kins.

I have not thought of such a thing, but if it happens I have to write a will and code to solve it

Cryptocurrencies especially bitcoin has gone beyond being a currency,it has become an asset. The fact that it is an asset makes it easy to be transferable. It can pass from one generation to another once the proper access is granted.

I think if you said what happened to your bitcoin if you died, it would be lost if you did not tell anyone from your family about it. So as soon as you get involved in bitcoin world, you have to tell them. Tell them how it works, transactions are done, and let them try using bitcoin so that when you die, everything you leave behind can be used with family.
Every one of us must die and leave everything from what he has now.

if you plan nothing to pass your keys and other related data to your family or kids, your Bitcoins die with you.

If I die there must be a family that takes care of and gets my bitcoin account. Because in my family I'm not the only one doing bitcoin.

It doesn't mean if we die the bitcoin also die. Bitcoin is now remarkable, and most of the people are now involved in cryptocurrency the bitcoin. Some of them investing their money and most of all they like to use bitcoin as a payment. And incase as what you have mentioned that what if that man died and no one member of his family know about his asset,his big amount of money in bitcoin. Well... he deserved it because he was a very secretive person or greedy.. Because even his own real family he did not trust,it's her lost.

It is realistic of course. So I think that everyone should have a special place ( wii) where all keys are kept. Moreover it would be good to add briefing aids of how to use that keys. But I must mention that you should keep in secret where this place is. Only your relatives may know it.

All of Us should have thought about this matter. what we're going to do and who are we going to entrust our Bitcoin or altcoin. Because everyone dies. that's why it's very important for us to let our family know how to access our wallet. and it will be better if we can make a video or a step-by-step instruction on how they are going to do it.

That's good decision you make a last will testament for your bitcoin account and keep it to one trusted person that can tell your family your account in bitcoin if you die. And I think that your family will take your accounts and they continue your investment in bitcoin.

Well we already have few digital legacy services (including services powered by blockchain technology), so I think they will be widely used already in near future by us

well basically your crypto will be gone forever if you didn't do what the tips given to your before you had created your wallet it says you must written the private key and the wallet address in a sheet of paper to protect you from digital harm and that will serves as your back up in case of computer breakdown or any thing related and at least tell your parents or your partner that you have this kind of asset.

When a holder dies and no one have the keys to access his wallet, then what he owned will be lost forever.
Better tell one of your relatives about what you are doing and figure out a way to pass your fortune tosomeone else after your death.
I believe that one day, people will be trying to crack private keys with high performance calculators. It will be like digging tombs to find hidden treasures.

a person's eventual destiny after death will be one of the following:

   Heaven: Eternity is spent in Heaven or Paradise with God, in a state that is beautiful beyond our ability to conceive.

   Hell: Eternity is spent in Hell with Satan and his demons. All are tormented and tortured, in isolation from God, without any hope of mercy or relief.  ;D :o

I suggest we could give our important keysa nd information to the most nearest person in our life like our husband and wife or one of your children. We must be prepared for something that we don't have holds like death. Came unexpectedly in ones life.

Unless someone knows about your Bitcoin investment or has access to your laptop or smart phone I don't think anyone is ever going to be able to get your Bitcoins. They are going to be lost forever like the hundreds of thousands of Bitcoins already lost. If you have a large amount invested then you should consider putting your private keys in your will.

When you die, you will end up in a completely different virtual world than the one where there is now a crypto currency. Therefore, you will no longer need a crypto currency. If you do not leave clear information about what to do with your crypto currency codes, then of course, your relatives and relatives will not understand them if they do not turn to the appropriate specialists. Now access for various reasons to more than six million bitcoins has been lost. I would not say that they have already been lost forever. All of them remained in encrypted form in block-chain technology blockchein. It is said that quantum computers will soon appear that will be able to decode any codes in a very short time. So do not worry, your bitkoins for humanity will not be lost.

Yes me too, I also teach my kids about to manage my account in bitcoin,teaching them is good opportunity cause we know we cannot predict tomorrow in our lives so we need to be prepared. I tell them if something happens to me they will know to manage an account, that account for there future.

It is very important to teach someone close to us to know about it maybe your husband ,  It is true that we have lost a huge number of Bitcoins so far and hence as a user we should make some provision for the treatment of our crypto wealth after our death.

if we pass on our crypto wallet to our children or our heirs, if we die then we have inherited our precious assets. and will not be a treasure.

If we die then our bitcoin money dies with us, it will be irretrieveable forever unless you pass them for other people to take advantage of. Wallets should have a feature where you can "memorialize" your account to be able to retrieve by a family member by supplying proof I guess just like in Facebook when someone dies.
Teaching a family member or any relative or peer is really helpful.

As I think, when we die, the property code can still be there.
  Save them as a savings for the next generation

If the owner of the bitcoin dies, no one will ever be able to use it. Not unless may be if the private key is retrieved. They will be left on the blockchain certainly untouched. So if you want sonebody to secure it maybe entrust it to your family so that if anything happens to you they can get it.

..i agree in you..if we think that we are living as soon as bitcoin is already reached its last value,,then good for us..but the saddest part of it,,is that we don't how long will going to stay in the future..maybe our next generation will continue what we have started..so while it is early,,let us pass and share our crypto wallet on our children or our prospective heirs so that we don't only find our hard work as a treasure but as heirs on our children.

If you die and if none of your family members nor friends don't know how to access your account all of your holdings will be useless, so better teach one of your family members on how to access on your account and about bitcoin for it will not be waste.

Because for them, afraid of losing their money, and also bitcoin SCAM, so they are afraid to invest in krypto.
 

I already teach my brother and my parents too and so far, they can understand how to use bitcoin. I think we need to do this if we want to give the bitcoin and let them continue what we have done so they could still make money for their life. and if I die, I want to donate some bitcoin that I have for the charity and for my family especially when they are ready to continue for searching another way to earn more bitcoin to them.

Coins will be on your wallet forever if you wouldn’t teach someone before your death how to use wallet/ And don’t forget to leave the key and then rest in peace. ;D

As a solitary bitcoiners in the family I thoroughly agreed with you on that, we will never know whether when we will be our last day in this world. Furthermore, I think I need to leave a printed material besides or show one of my relatives even only a piece of information that may enough for them to recover my bitcoin in a wallet yet I know wouldn't be a simple undertaking. In any case, I thank you for opening it up, I simply have made a thought for this issue nearby.

Of course our coin coin will not be usable again. And we can no longer get the coin we want, it causes us to be dead or no longer in this world. But if we have children or family, we can still pass on our coin coins to all of them. They will continue us.  :)

Right, the coins will definitely not be restored forever. That's really the reason why plans about their coin recovery in these situations are the reason for the forums. And right, when the end of mining is actually going to be lower than the total of coins it is moving.

Let's be realistic. if we die, no one's going to benefit your Bitcoin or your altcoins. so it's better if you have a plan on giving them to your loved ones or relatives just in case you die. I'm sure that they will remember you as long as they live. who knows, maybe you made them rich by giving them all your crypto.

If you are wise enough of course you already know what will happen if die. You need to plan everything like message plan that if you die they will send your information to your loved ones.

Its better if you have a plan on giving them to your loved ones or relatives just in case you die. I'm sure that they will remember you as long as they live. who knows, maybe you made them rich by giving them all your cryptocurrency. That's really the reason why plans about their coin recovery in these situations are the reason for the forums. And right, when the end of mining is actually going to be lower than the total of coins it is moving. So better teach one of your family members on how to access on your account and about bitcoin for it will not be waste.

This is a very interesting question. I care about this problem too. So I taught my parents to use my private keys and work with exchanges.

I think you can write Bitcoin's private key in your will. If your family can understand what it is, of course, you have to explain it in advance, otherwise 100 BTC is also worthless for them if your family will not play cryptocurrency.

well i think Then it will be gone forever.  No one can access it since you or anyone who have access to it eventually die without formally transferring the knowledge he have.  And it will affect the bitcoin available in circulation.  It will be dead since no one can use it or retrieve it.  So better thing to do is to teach your kids or anyone in the househould about bitcoins and That's really the reason why plans about their coin recovery in these situations are the reason for the forums. And right, when the end of mining is actually going to be lower than the total of coins it is moving

 I'm not afraid of losing BTC, my private key always stick on the calendar in the house. And my tip is that in the key sequence I changed the number according to my "lucky" number. I said that number to my brother (he does not know much about crypto but will not reveal the "lucky" number if I'm still living normal). So even though someone saw or copied my key but could not own the bitcoin because the alphanumeric key was changed.  ;D ;D

It seems to me that it will be difficult for the older generation to explain what bitcoin is and in most cases everyone will think that a person is a fool) especially in underdeveloped countries

Maybe you are right. If someone die and their wallet remain untouch, then the balance will sit there forever.
total supply may not change, but circulation will reduce eventually. I think the best way to prevent this is to store your wallet information,
and save it like a will for your kid or families or relatives.

I think this is a wonderful question that we can tackled  now, The fact that it is an asset makes it easy to be transferable. It can pass from one generation to another once the proper access is granted

What will happen if we die? Who will inherit the bitcoin wallet or the altcoin? I would like to know if I do not exist whether the values I have gained from the bitcoin investment can leave my child?

When you die, you will end up in a completely different virtual world than the one where there is now a crypto currency.It is true that we have lost a huge number of Bitcoins so far and hence as a user we should make some provision for the treatment of our crypto wealth after our death.

That is why you need to write it down in a very detailed manner, so your family can gain access to it and it would not go to a waste, or else it would be irretrievable for anyone. Yes, the bitcoin left on the market will be decreased if the bitcoins can not be recovered by anyone, but it will make the price higher as the number of bitcoin left goes down.

it's very difficult to turn off bitcoin because basically bitcoin is a tool for buying and selling, and everybody buys bitcoin to invest, and bitcoin will stay alive and become the leader for all coins.

What OP has stated is undeniably true.
That is why cryptocurrency holders must see to it that there may be people whom they could entrust their wallet with.
Despite how much we wanted to protect our assets time we come that we must leave this world.
And we should be ready for it.

I agree to this because not all 21 million bitcoins circulate the pathways of blockchain. Many are lost due to unexpected events. But, befor I die, it is my duty to explain first how they can retrieve my cryptocurrency assets. Nonetheless, this thread is so negative and we must always spread positivity in this forum.

Of course, when we die and our families do not know if we have an investment in bitcoin then we will lose all our assets and our family also can not inherit it. With a decentralized system to make the bitcoin can be controlled by our own so that our bitcoin will be immortal in the wallet without anyone can find it. So it can be ascertained if the market will play with less number of bitcoin, not to reach 21 million bitcoin. This will make bitcoin increasingly rare and sought after by many people.

there will be no BTC anymore  ;D

Easy to understand. your family never can get your money because security is the most important key of crypto. So,the best way is holding your password carefully. Store it in many hard drives.

It is simply as that! If we are died our bitcoin is still stored, no one can claim it without a private key. Maybe the value of your bitcoin will be doubled or triple with the capital, but it cannot be claim without it's private key. It is simple as that.

Ohh you have a point, maybe it will become a treasure if no ones can get it? Hahaha. Maybe it will be advisable if your son will inherit your bitcoin and of course he can't do it by himself without a proper knowledge about crypto currency so its better to teach him.

It's better idea to teach our children in our one source income cause they know to work in bitcoin and also they how to earn money at there early age. And when the time if we die you cannot worry there future cause you train your children how to work and earn specially to work in bitcoin so that your children will continue your investment in bitcoin.

Unless you trust someone you're close with to share your account details and private key so in the event of something happening that person will always have access to your BTC.

It's real. Already at the moment a sufficient number of coins are lost. I think that most likely, when bitcoin reaches its mark of 21 million, they will already be actually 18 million.

most likely the user will regret and the possibility of fans bitcoin will change

Yes, My wife knows I have bitcoin and other cryptocurrency she has a private key from my account. I have also taught him to open and sell him, I tell him if I die his decision if he will pull all my coins into the fiat for the cost of my death or he can save it for him and his future.

maybe investors already have a plan in the future if that happens even the smallest thing is well thought out and planned to give key code access to people we trust

I created USB protected by password and gave it to my brother. Password he knows. In that USB each folder named after coin, where you can find back up and private key. Even thou my brother don't know much about crypto, I believe he can sort this out.

I think the most intelligent thing to do is have everything of your bitcoins documented and kept in secret so that when the time comes, you can just give them, your family, the rights and the claims to your bitcoins. You can also entrust the bitcoins to a certain company to keep it circulating.

This is true, there are many bitcoin already which no one has access to and there will be much more in the future. There should be some way to retrieve the coins which are locked in an inaccessible wallet. Maybe there could be a legal way to declare the amount of bitcoin holding or any kind of license/insurance policy for your bitcoins.

For me, if we die our cryptocurrency will just be in our wallet or the market. I think when we are keeping  our private key some of your family members, love, once or to you much trusted person most know your private key or codes to make you that all your hard work or investment will not be useless, this means that at least someone will continue or take your money at the end. Also, that is the main reason why there is some people lose massive money or investment because they forget their private keys when the time that bitcoin is affordable.  :)

That is the reason why i have made a secret book in which i have all my secrets of my wallet address and their private keys, login details of all my exchanges where i am trading and having my coins stored. Apart from that all my account details and all my life secrets are stored in that. so if anything happens to my life my wife will be knowing all about it as it is written in simple language so that anyone can understand it.  Like this we can avoid and safe guard our hard earned earnings.

 Hello everybody! The question is very interesting. You can spend hours on this topic. But I think that we will notify parents of our activities anyway. and even the field of our death parents will find use for our bitcoins 8)

If we die and no one does not know your keys and did not know how yung wallet will open then your bitcoin on your wallet will stay there forever, it will not go anywhere and it will just stuck there forever.

Actually we are all going to die one day and all our hard earn wealth will be allocated to somebody else but the truth of the matter is that who will inherit all those hard earn wealth. As for me, I will encourage some of my relatives to venture into crypto, also I will let d person that is much closer to me e.g my fiance to av access to my private key in case of unforseen circumstances like death.  She will be able to convert them to money and use it to take care of my children.

I will give all the assets I have to my family. because my family also knows all the passwords I use to store the assets I own. but hope I hope we live long in good health .

i think there must be a family that takes care of and gets my bitcoin account. Because in my family I'm not the only one doing bitcoin. My family and I are a team that does bitcoin and It is very important to teach someone close to us to know about it maybe your husband , wife or child everything must not be secret to your family. Even if bitcoin will die the truth is some will die before then so it is very important to teach.

I think you are afraid because you are too selfish to not even tell your wealth to your family. But it will be really a mess if you will die with that huge amount of money.

This question is difficult to answer. I think it is very difficult for your private key to be successfully handed over to your family after your death. In their opinion, your private key is a string of numbers and letters,They don't know how to use it.

once we are not here on earth and we are already dead our BTC and other coins will remain on our wallet and blockchain.
no one can touch or spend it unless we give information to our family or loved ones.
so make sure you have listed everything in a note and give it to them.

Yes everyone in your family knows you have Bitcoin. If you die, they will not throw away your paper wallet until they know how to turn it into cash or put it into their own address. Before that happens you will teach your kids to manage your Bitcoin. And you have done that to continue your Bitcoin who has run this.

We must share all the secret matters related with bitcoin to a trustable person that may be your wife,  children or anybody. It is the only solution to use bitcoin by others when we die. So that your family can enjoy your earnings.

I think bitcoin is the same as a family business. When you're children were capable enough of learning things and doing things on their own to handle your business you let them and teach them freely. Same as bitcoin. When you find someone who's willing to help you and they're teachable then you start sharing things to them about bitcoin. In that way your family will still keep the heritage of being a supporter of bitcoin and its beneficiary.

Yeah no one can see the future. Everyone will die but nobody know when. For all i know, there will always be this one person or few people we can trust. it could be your spouse, siblings or parents. In order for us not to die with our bitcoins going waste, its better we make our bitcoin wallet address and private key known to them. Better still, we can make a will which includes our bitcoin account details so that our relative can get access to our bitcoins when we die.

We don't need to worry about our crypto investment if we die as long as we give already those important files about our investment because our will in our wallets even many years will passby.

So the good things we should do before we die is to give those important details of our investment to someone we can really trust so our investment will not become useless and ensure they will give it to our love ones.

This very question struck in my mind too few months back and as a measure i asked my elder brother to get some knowledge about bitcoin and thing so that i can make him understand about my holdings and how to unlock and use them incase something happens to me.
So you guys should also do something similar.

US when we die the death of the body is burned will. And if you do not the death of the body of underground planted will. Because of the people after the death of his body in the life is not. His body all part of antithesis hot the after.

When we die! our bitcoin will be lost if we don't keep our private keys for someone else in the family or to a close friend. I think it's too risky if you do that, but you should do it and trust someone else for your money, it's better than this amount of money will be lost forever, At least take a part of your wealth in another wallet and share your private keys for the someone you trust and the other part save it for yourself.

We do deal with this situation! Never know what tomorrow and accident will come first!
Tell the family about some of the common sense of cryptocurrency. When accidents happen, they can take out the cryptocurrency!

the dead are only gods of the ALLAH, because the one who created the universe is only the ALLAH, we humans can only surrender when we have been picked up death, never fear death.

Nice questions buddy.really after we dead what would be for our btc. ??? Oh my god! It's all will stay with safely and secretly and If someone hacked the wallet.It will be very good for this.

if we pass on our crypto wallet to our children or our heirs, It is said that quantum computers will soon appear that will be able to decode any codes in a very short time. So do not worry, your bitkoins for humanity will not be lost.

giving away wills and personal keys trying to leave the best for the people I care about

bitcoin we will die if we die because we protected value of bitcoin

if I die, some of my family is playing bitcoin so they already understand how the wallet works so I just write a private key on a piece of paper that I keep neatly in the closet it's my action to keep the confidentiality of my asset data, I have not done now because it is not dead :-[

if I die, I will write testimony to my family about all the data I have, so that they can use my previous work a little more I have taught about how bitcoin works so they can also get the results of work :-\

Yes it can gone forever if no one know your wallet passwords or key. Maybe to prevent this, peoples need to share their key to someone they very close.
So if they holding much amount of bitcoins, the circulation number won't decrease significantly because the large amount of bitcoin unable to use.

What happens if we die?

Pretty simple, we go to the grave.

If ever someone dies and their family member or spouse never knew about bitcoin, your coins will be gone forever it is just like losing the key of your unbreakable safe. That is why to prevent this you need to put write it with paper and specifically put that you should not throw this away because this is money and also make sure that you put the amount of the money. If they see that they will never throw it and it is really up to them if they want to learn on how to use bitcoin and cash it out or continue investing it.

If we're not keen in making writings and passing it down to whomever eligible, then you should be worried and start writing. Write whatever possible data or information regarding how to withdraw your bitcoins out of your wallet and be used again properly.

Yes, and I think that is being ready and that looks like we're making our will to those persons we love that we're going to leave after death.

Unless someone knows about your Bitcoin investment or has access to your laptop or smart phone I don't think anyone is ever going to be able to get your Bitcoins. They are going to be lost forever like the hundreds of thousands of Bitcoins already lost. If you have a large amount invested then you should consider putting your private keys in your will.

What happens if we die if i die im older because no one will die except god spirit.

Even if a person is having just small amount of bitcoins, he should disclose the details to at least family person.

If bitcoins survived for next 50-100 years, price will be at least a million per bitcoin and that will be huge money for future generations also. I was watching a video where a old person kept shares of a company and the 3rd generation cashed it for millions. At that time, shares were issued on paper in my country.

This is a question for thought, like me, I have a sibling has the keys to my wallets and she too is into crypto so she understands.

yes of course it will be stored in the wallet in vain, it might happen so we must take action now, if we have some coin in the wallet trust on friends or family to find out that coin coin is not wasted in the future.

If I die there must be a family that takes care of and gets my bitcoin account. Because in my family I'm not the only one doing bitcoin.

I think nobody knows what will happen tomorrow, but we can insure ourselves by wise steps, such as teaching someone who is trustworthy who will be able to replace us if something happens to us.

If you are wise enough of course you already know what will happen if die. You need to plan everything like message plan that if you die they will send your information to your loved ones.

Though I do not have anyone that have access to my private key for now. I need a very trustworthy person to show such thing, I am working towards that since the person need to be blockchain oriented, can handle bitcoin transaction effectively and correctly without inviting a third party. I am teaching him that. I do not want all my digital asset to die any day I will die.

each of us will someday die and if you are a person who has a lot of bitcoins, anyone will want to buy them. But if you hid all your keys in a safe place, then they will not get to anyone)

Good one, I do think about this since I heard about a guy with 7000btc in his hard drive that got lost, the best is to have your private key writing down and also have someone to trust with it and share it with, like your children are good to have good talk with in terms of passphrase and password . And let them know the value of the coin, I think they should be aware since you are in to cryptocurrency and also know the value and you can always count on them because they are to inherit your asset.

We can give our password to someone we trust.i think this is the only way.

Yes it’s true, coins that have been lost or can’t be recovered will reduce the amount of the provided coins. But recovering the coins that have been lost will require a very long time if the miners are less. And in the end the coin will disappear slowly and maybe the stock will gone.

Everyone in my family knows I own bitcoins.So it's good to make a will with the private key that we have to give to people we believe if something happens to us later a good anticipation step

If it happens as you said, of course the bitcoin we have will not be usable and will be buried forever, unless your family understands it and knows the bitcoin password you have then they can use bitcoin you have and can do transaction on bitcoin that you have.

Nah, crypto will not die. It is always possible that it turns into the penny stocks of trading but I also doubt that would happen. It has too much value and there are a a lot of great projects.

I do not think that the Bitcoin number will be lost over time. Because Bitcoin owners will instruct their relatives how to sell or buy Bitcoin after they die. Bitcoin is considered an asset and the holder must have a way to not make that money disappear forever. ;D

for me each of us will someday die and if you are a person who has a lot of bitcoins, anyone will want to buy them. But if you hid all your keys in a safe place, then they will not get to anyone. everyone in my family knows I own bitcoins.So it's good to make a will with the private key that we have to give to people we believe if something happens to us later a good anticipation step.

Maybe Bitcoin needs a beneficiary option. Like any other asset you have you choose a person it will be passed down to in the event something happens to you.

I hope  that bitcoin will never die, Bitcoin is a big help for people who need extra money but there's a possibility that Bitcoin can die but a lot of years that the best cryptos in cryptocurrency industry market. What happens if we die? there's a two places we're go if we die heaven or hell and believe it or not everything will fade away and earth will pass away no forever.

the coin will be impossible to retrieve unless someone in your family has the private keys. that's why this is important, share the private key to a trusted family member as a backup plan. we dont know what could happen in the future. having plan B's are good