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Author Topic: What happens to your Bitcoin when you Die?  (Read 5079 times)
dangdangdang
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December 07, 2017, 05:45:10 AM
 #241

There is no problem with my bitcoin if I die, I told about anything to my parents and brother. I tell them about my private key, identifier, wallet that I use, password and amount of bitcoin that I have.  I hope those nformations will help them to access my wallet if I die.

That's fortunate, a lot of people now didn't tell their family about their keys but I hope it's not too late.
I have a Bitcoin now but a portion, but hopefully my sister will access it just in case.

There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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reda
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December 07, 2017, 05:53:01 AM
 #242

There is no problem with my bitcoin if I die, I told about anything to my parents and brother. I tell them about my private key, identifier, wallet that I use, password and amount of bitcoin that I have.  I hope those nformations will help them to access my wallet if I die.

That's fortunate, a lot of people now didn't tell their family about their keys but I hope it's not too late.
I have a Bitcoin now but a portion, but hopefully my sister will access it just in case.

I thing bitcoin will not die. but it will die. I will hold the all process and save the bitcoin for the some future purposs. I will wait for the start the new bitcoin process. So bitcoin will be creative next time process works. I will get more information from bitcoin. So it will not dei. It will grownup the future. It give opportunity for the improve your self.
aray80
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December 08, 2017, 11:18:23 AM
 #243

Because bitcoin is money, so it can be a heritage for children and wives ....
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December 08, 2017, 11:26:34 AM
 #244

I didnt set it up yet, but there will be ways to set a up a will through a smart contract that will handle your Bitcoin or altcoin holdings after death. There are several platforms which will enable this service, for example Mywish or BitBay, I think also Via can be used for this. My favourite is BitBay, this platform is great.
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December 08, 2017, 11:36:14 AM
 #245

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
I think teaching someone(family member) how to use a bitcoin wallet is okay but giving them access to your wallet would be risky as they wouldnt know the value of the digital currency and would be tempted to spend some without your consent and might end up losing everything.

Do you want to take your Bitcoin with you when you're gone?
No ways, we wouldn't have much use with the bitcoins when you go the other side

Let me hear it from your own opinions...
Coming to the subject matter of what happens to your Bitcoins when you Die, If no one has access to them they will remain as a lost treasure!
TonyMark
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December 08, 2017, 11:40:57 AM
 #246

If you haven't shared your pass keys to your loved ones than whatever the keys are there in your wallet, It will be unused until one super geek hacks the unbreakable Cryptography of Blockchain and uses it. check this link out there are some reasonable answers :- http://fortune.com/2017/09/26/cryptocurrency-bitcoin-death/
If you want to check this out better :- https://coindelite.com/
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December 08, 2017, 11:44:59 AM
 #247

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

I am already teaching my kids, so, whatever may happen, n o one knows they can already continue what I have started..but not to my wife- maybe she will get all what I have worked for.

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Clover_Faith
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December 08, 2017, 11:52:56 AM
 #248

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

Actually im not worried about my bitcoin account it i die because i already save all the details about bitcoin in my laptop if they want to use it.... Actually one of my family member know on how to use bitcoin so they they can easily to access my account incase it it will happen..

 

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December 08, 2017, 11:59:28 AM
 #249

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...
I have not thought about it yet, but one day I will tell my family all the related things about bitcoin, including my private private key. Maybe that's my way to anticipate it. But I always hope for a long life, so I can still collect bitcoin.

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mardaed
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December 08, 2017, 12:13:54 PM
 #250

Its a good question i even thought about it so i am prepared and thought about bitcoin to my sister and parents. My family started investing in bitcoin and gaining profits also in this case i have set a platform and shared my credentials for my sister as i am a bachelor. I made secured authentications for the credentials feeling it shall posses this safety measure from hackers.
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December 08, 2017, 12:45:54 PM
 #251

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...
No i didn't teach any of my family members about bitcoin because they are not interested to about it. But i think if i die all of my bitcoins will be wasted. But i think it is really important that one of your member of family knows how to access in bitcoin so your bitcoin can be used by your family members in cas of emergency.
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December 08, 2017, 01:31:12 PM
 #252

My family would probably benefits it because while I'm alive, will let them know about it
I think my family will also enjoy it because my family knows about the bitcoin I have, especially my nephew because from him I know and learn about bitcoin. If I die, I will make a letter that asks my nephew to manage it and the earned profit is shared equally between my nephew, my sister and my children/ husband later.
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December 08, 2017, 01:39:01 PM
 #253

The law provides regulation about these circumstances. As far as I know, your bitcoin is still named on you, which your relative o whom you address in your last will and testament has a right to claim those securities.
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December 08, 2017, 01:59:36 PM
 #254

Bitcoin is growing, it's value is rising constantly and it's price is high now. i am owning some bitcoin, it is great value, i will definitely teach my brother about bitcoin and let him know how to use my bitcoin case i die, my bitcoin will be owned by my brother.





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December 08, 2017, 02:17:10 PM
 #255

I invest in bitcoin in a short time. I will sell it when I have profits. Of course, I also let my brother know how to use my bitcoin case I die unexpectedly. When I die my bitcoin will be used by my brother.

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December 08, 2017, 02:30:57 PM
 #256

Bitcoin is growing, it's value is rising constantly and it's price is high now. i am owning some bitcoin, it is great value, i will definitely teach my brother about bitcoin and let him know how to use my bitcoin case i die, my bitcoin will be owned by my brother.
if no one knows our account, and suddenly we die, then the account will not be able to be opened again by anyone.
because every one of them will surely die, and we also never know when we die, that age is only the power that determines it.
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December 08, 2017, 02:39:34 PM
 #257

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...
Yes. I teach one of my family member to access in bitcoin and he is my brother because we cannot predict when we will gonna die so its better that someone of my family members knows how to access on it and if i was gone i can give it to him as a heritage and for it not to waste.
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December 09, 2017, 03:57:43 PM
 #258

What is sure is that you will lose them permanently, except that you have planned a plan B for such a case for example by giving the password of your bitcoin wallet to your wife. However I think that the direction of these wallet have created some kind of algorithms to recover bircoin if certain conditions are well verified.

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December 09, 2017, 04:43:57 PM
 #259

This is a very important issue. I will not be able to resolve it in the near future.
We are all mortal, and unfortunately we are suddenly mortal!
We need to find a solution for this problem ...
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December 12, 2017, 05:40:22 PM
 #260

As what I learn in my studies, its depend on the law of the government that governs that circumstances. Here in the Philippines, your investment will accumulates as years goes by.
The successor of the thing will have the right to have the ownership of that thing through the judicial process and going to deliver constructively.
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