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Author Topic: In event of your death  (Read 5580 times)
Mpamaegbu
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October 29, 2017, 03:02:06 PM
 #221

It is quite simple. Give what is left of your profits to the people you love (Your nieces and nephews as you said.) Do not give them to people who take advantage of you. Learn about who truly loves you, and I am sure they will be happy (Not happy if you die because money cannot replace a deal body.) Anyways, I hope you do not die until you realize your dreams. As for me, in case I die, I want to give my profits to my mom, grandmother, siblings, and the one who I truly love and consider them to be close to me. And to be honest, this post made me a little bit scared, I might start writing my will.
If you die it would be too late to do anything or assign a directive to anyone. That will be dying intestate sort of. This isn't really what OP seeks. Sorry to disappoint you though. Anyway, I think many  people will eventually fall to this kind of scenario at their death except death writes a letter for warning us of its coming. There's so much secrecy around the Bitcoin or cryptocurrency in general that everything looks like a secret that should be kept tight. From password to private key to seed to what else have you that should be hidden always.
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webelong
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October 31, 2017, 07:08:40 AM
 #222

I am not afraid to die.But I am afraid to the people that I will be leaving.In some point and stage of my life I have been loved,cherished by the people who loved me.So better get close with someone else.Make a family for you and your money to have purpose.It is very fulfilling seeing soneone who is beside you and caring and smiling with you.Go get a life!

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November 01, 2017, 03:05:06 PM
 #223

I am not afraid to die.But I am afraid to the people that I will be leaving.In some point and stage of my life I have been loved,cherished by the people who loved me.So better get close with someone else.Make a family for you and your money to have purpose.It is very fulfilling seeing soneone who is beside you and caring and smiling with you.Go get a life!


I agree with this one. Since you are single, go out, explore the world, make connections and maybe you can meet someone whom you can share your life with. No one can tell whether your nephews will be interested in bitcoin in the future. That's why I think, you should have your bitcoins converted into cash and buy a one or two property or anything tangible that you can pass down to your nephews. Let's say, a educational plan, maybe. Surely they can use that once they grow up. This way, you can make sure that they will be able to use whatever you will leave them rather than just the private key.

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November 01, 2017, 05:35:52 PM
 #224

Generally in banks we have nominees which means that after our death our nominees will be able to access our bank accounts but no such feature is present in the case of Bitcoin. In Bitcoin all our BTC's are secured in the online wallets which are opened by the private keys that only we know. It is right that if we will die than nobody will be able to access our wallets and our whole money will be wasted.The only way to overcome this is that we can share our private keys with the one whom we trust.In this way our money will be used by our loved one after our death and our hardwork will not get wasted .


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RamBahadur.Gurung
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November 01, 2017, 06:00:39 PM
 #225

I have already given the passwords and backup of my wallets (both Bitcoin and DeepOnion) to my younger brother, in case something happens to me. I don't know whether I am making a mistake here or not. I am just blindly trusting my brother and hoping that he will not steal my coins.

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pealr12
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November 01, 2017, 06:14:21 PM
 #226

I am wondering what provisions have you all made in case you die before cashing out your bitcoins? I am single, live alone and both my parents are deceased. My siblings dont care about any of this, however I would like my nieces and nephews to get some of my profits but they are still very young right now. I dont trust lawyers to give them my private keys. I am wondering, what can I do?
Look for a partner right  now if you have money you can look for a partner very easy. Entrust your private keys to her so if ever you will die there is someone who will cash out your bitcoin.  And one thing more say to your partner to help your nieces and nephews.

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waynechong1995
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November 04, 2017, 05:56:01 AM
 #227

Nobody should benefit from your wealth anyway mayb your children or your parents. Just let your wallet cease and indirectly you are helping the entire crypyocurrency community by actually burning some of them xD. I would make myself a riddle giving clues on my fat BTC wallet and if they could solve it means they are worthy enough to access my private key. But do leave a note on how much you left or else your dead wish could be ignored and that's tragic

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