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Author Topic: What happens to your Bitcoin when you Die?  (Read 5082 times)
Ngewex Yuk
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March 18, 2018, 02:01:03 AM
 #681

I always tell what I do every day to my brother and sister, so that if I die then they will know bitcoin and have the right bitcoin I have, I use gmail to backup all important data and I've sent it to them.

TIME
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escalante28
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March 18, 2018, 02:49:02 AM
 #682

In my humble opinion, you should record all your account's username and password in a notebook and keep it. Then you should contact a lawyer for your last will of testament. On that testament must indicate that whatever will happen to you, your family, specially your children will receive that notebook, your email add, 2fa codes, phone number and etc. In that case I believe your bitcoin or any crypto will make your receiver happy.
Amelial
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March 18, 2018, 02:58:34 AM
 #683

I will give to my chidren so my chidlren can continue my btc.
bajingluncat
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March 18, 2018, 03:16:31 AM
 #684

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 will teach btc to one of my family that I can trust as a successor should I have to go too soon I will not let btc come along with me]
mitchr4
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March 18, 2018, 03:24:30 AM
 #685

It's absolutely will froze in the wallet. Nothing people can do with his bitcoin if there is no people know about the private key of his wallet.

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cryptoZcoin
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March 18, 2018, 03:31:59 AM
 #686

There are solutions to this problem being implemented right now. One of these is a platform called DigiPulse. It allows you to create a decentralized vault that you can store your private keys or any other digital assets and they will be only viewed by you. You then designate a person or people who you want to inherit the contents of this vault. The service is operated by you paying in increments with their utility token DGPT. Whenever you stop paying the DigiPulse will contact your inheritor and have them verify their identity and they will gain access to the vault.

Its a really cool idea since most are sugesting leaving behind some physical item such as a paper wallet or hardware wallet with a lawyer or a 3rd party. The thing is this is risky as they could be stolen or misplaced. I tried the beta and its really easy to use, id suggest anyone interested to give it a go its on their website, digipulse.io
Diabolikkk
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March 18, 2018, 03:33:03 AM
 #687

Do you want to take your Bitcoin with you when you're gone?
That would be quite stupid, no?  Grin
Bayoe_noe
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March 18, 2018, 03:37:01 AM
 #688

just in case, it would not hurt to tell our wives and children by giving them a briefing on the wallet and how to take our bitcoin. so that no difficulty occurs whenever we go...
mustamin88
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March 18, 2018, 04:02:25 AM
 #689

that is for sure.
before I leave family.
I will introduce and teach my family about bitcoin.
after I leave, my family can continue how to earn money from bitcoin.
Renzozamora
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March 18, 2018, 04:36:03 AM
 #690

If i die im going to do in my bitcoin is i will give to my son or my grand son and i will teach them how to use bitcoin in proper way.
StoneCrypto
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March 18, 2018, 10:53:04 AM
 #691

There are solutions to this problem being implemented right now. One of these is a platform called DigiPulse. It allows you to create a decentralized vault that you can store your private keys or any other digital assets and they will be only viewed by you. You then designate a person or people who you want to inherit the contents of this vault. The service is operated by you paying in increments with their utility token DGPT. Whenever you stop paying the DigiPulse will contact your inheritor and have them verify their identity and they will gain access to the vault.

Its a really cool idea since most are sugesting leaving behind some physical item such as a paper wallet or hardware wallet with a lawyer or a 3rd party. The thing is this is risky as they could be stolen or misplaced. I tried the beta and its really easy to use, id suggest anyone interested to give it a go its on their website, digipulse.io


The vault is kind of whatever to me. What I really like about Digipulse is their activity tracker. Trying to compete with the various storage providers is a crowded space, but the activity tracker that can connect via API to your gmail, facebook, Steam, Battle.net, Instagram, Twitter, etc. combined with the decentralized storage vault is golden. DGPT combines both functions together so it know the last time you logged into any one of these platforms. If you don't log into any of them, within the allotted time that you determine (1 week up to 3 months), then the service will automatically contact your inheritor that they have a vault waiting to be claimed. You can store private keys in the vault, videos, photo's, etc.

That solution at this point is a lot easier than teaching my parents about crypto, my wife about crypto, etc. Parents are a lost cause at this age, and the wife is a long term play to educate on crypto security. Hard enough to get the wifey to look at crypto as anything but funny money.

I would never ever put crypto in a will because anyone that has access to your private keys can pretty much do whatever they want with it. If you are smart and educated in blockchain/crypto, and happen to be in a position to access wills, they'll never be able to tie the crypto back to your lawyer/accountant who may have stolen your funds. They can easily move the coins off to a wallet like exodus. Convert it into BTC/ETH or send the tokens/coins to a DEX and convert to BTC/ETH. Then move those funds around slowly to binance through a non KYC account/multiple accounts and buy privacy coins. Move privacy coins through to KYC account with larger limits and convert back to BTC/ETH. Sell to fiat. The faster this is done that harder it is to stop as well.

Ideally, i'd like to have all my inheritors knowledgeable about crypto security and private keys as well as a service like DGPT or better.
rarg
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March 18, 2018, 11:34:56 AM
 #692

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 don't think it's necessary for me to teach my family.

Do you want to take your Bitcoin with you when you're gone?

No. I think I will keep my Bitcoin asset on the blockchain.

Minerall
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March 18, 2018, 11:38:35 AM
 #693

If no one knows about them, they're highly likely to simply disappear. They'll be in those wallets, from where the founder of the resource will take them in the end himself.
bitfocus
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March 18, 2018, 11:42:24 AM
 #694

my children will take over my Bitcoin investment - I made that sure Smiley
sisira85
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March 18, 2018, 12:08:09 PM
 #695

If I were die my BTC also die Grin Grin Grin Grin becouse nobody know my key

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Palmholder
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March 18, 2018, 12:08:39 PM
 #696

Do you want to take your Bitcoin with you when you're gone?
   It looks so selfish and ridiculous Smiley
   I dont actually think I will be able to keep my coins till I die, I would like to spend it, I have not much anyway

thecoder2017
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March 18, 2018, 12:21:21 PM
 #697

If i die my family can take over because i save my private key and also listed it because in case something happen to me my family can get the coins that i have and that they have something to use when im gone.
xhoondilan
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March 18, 2018, 12:26:42 PM
 #698

When I die i will not keep or bring anything to my grave, all my savings, properties and important things will be left behind to my children, because when you die in this physical life your spirit is like a wind that cannot touch, hold  or see. I work hard today for my children to have a happy life in the future.
maryanaf
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March 18, 2018, 12:28:01 PM
 #699

If you have not saved the details of you investment, your family members will never be able to use your holdings. Thus, you should share all details with at least one honest family member.
bitcoinVPSD
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March 18, 2018, 12:33:06 PM
 #700

Of course, bitcoin will be left to my child and my family members before I die. I will say wallet password for my family. It would be a pity if bitcoins in wallets were not used

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