What happens if we die?

[aishyoo17]

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.

[Jombitt]

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?

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

[malikusama]

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.

[Chickenhunter]

I will store the details on a usb with freaky porn

[ozeth]

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?

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

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

[babarian]

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.

[unbotak]

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.

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.

[marcbitcoins]

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.

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.

[Xester]

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.

[Lancusters]

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.

[xJuturna]

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. 

[kuyaJ]

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.

[audaciousbeing]

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.

[Lady Coquet]

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?

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.

[speedy963]

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... 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.

[sindikat]

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?

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.

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.

[friends1980]

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?

[FrankNoland]

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.

[Yarsk]

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.

[wallstone]

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.

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.