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Author Topic: What happens if we die?  (Read 5241 times)
Tylev
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June 20, 2018, 05:48:11 PM
 #301

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.
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Peashooter
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June 20, 2018, 06:23:28 PM
 #302

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.

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.
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June 21, 2018, 03:22:07 AM
 #303

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.
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June 21, 2018, 03:41:29 AM
 #304

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.
EnricoGomez
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June 21, 2018, 03:59:35 AM
 #305

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.
hongtham
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June 21, 2018, 04:26:27 AM
 #306

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

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crazymelons12
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June 21, 2018, 04:40:02 AM
 #307

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.
Carrelmae10
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June 21, 2018, 04:46:04 AM
 #308

..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.

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Kong Hey Pakboy
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June 21, 2018, 04:48:58 AM
 #309

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?
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.

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June 21, 2018, 04:52:27 AM
 #310

Because for them, afraid of losing their money, and also bitcoin SCAM, so they are afraid to invest in krypto.
 
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June 21, 2018, 12:09:20 PM
 #311

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.

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.

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.

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June 21, 2018, 12:51:47 PM
 #312

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?

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. Grin

patrickj
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June 21, 2018, 01:00:19 PM
 #313

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.
Sandijoee
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June 21, 2018, 01:28:27 PM
 #314

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.  Smiley
cris ronaldo
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June 21, 2018, 05:00:01 PM
 #315

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.
Kamote_1102
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June 21, 2018, 05:06:24 PM
 #316

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.

jayveerastrullo
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June 21, 2018, 05:20:58 PM
 #317

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.

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June 21, 2018, 05:23:52 PM
 #318

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.
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June 21, 2018, 05:26:14 PM
 #319

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.

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June 21, 2018, 05:26:46 PM
 #320

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.
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