BitNotByte
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Activity: 227
Merit: 10
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December 10, 2017, 02:18:02 PM |
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i hope that person has a friend who knows about how rich his friend is.  it will last until there's bitcoin, safe and sound |
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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Sallysakky
Member
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Activity: 119
Merit: 14
Kawa
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December 10, 2017, 02:18:29 PM |
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Holder just need to leave the wallet and key to his/her relative or husband/wife, even if person don't know how it's work he/she will understand Also I don't see obstacles to include all the necessary information in testament. |
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shesheboy
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December 10, 2017, 02:22:46 PM |
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What will happen??
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
if a bitcoin holders die then his bitcoins will also dies if he dont share his password or private key to unluck his account and spend the bitcoins and also it will greatly affect the circulating supply of bitcoin if those coins wont be spend or completly lost. that is why much better if we can tell our love ones or some trusted person about our bitcoin and bitcoin wallets so that they can open it immediately if something bad can happen to us. in my case i also been done this before because i give my password to my mother and i instructed her everything about bitcoin but she's still a bit confuse until now. this is also another problem for some of us because bitcoin is infact really hard to understand or to teach to some average person without proper knowledge on how technollogy works. |
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ravedien
Member
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Activity: 76
Merit: 10
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December 10, 2017, 02:24:04 PM |
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If keys and address is not passed down, it be lost forever.
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Pfizer
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December 10, 2017, 02:24:14 PM |
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What will happen??
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
That's why you need to find at least one trusted person if you're not living alone. If you're a family, you should trust your wife and teach her how to use a bitcoin wallet and its funds. Otherwise your funds get lost forever. |
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A.Chanaka Bandara
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Activity: 140
Merit: 10
Feeling Relax in Underpressure
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December 10, 2017, 02:31:18 PM |
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If person died with BTC, that coins never come BTC network again. So some BTC coins lost in network. if coins are jaijantic BTC price will down.  |
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putlink
Newbie
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Activity: 27
Merit: 0
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December 10, 2017, 02:38:26 PM |
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That's why we should include bitcoin in a will or bank safe.
So as not to accidentally happen when our family members can not get their bitcoin
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BitSat
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December 10, 2017, 02:42:55 PM |
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That's why we should include bitcoin in a will or bank safe.
So as not to accidentally happen when our family members can not get their bitcoin
I think its not a big issue because we can do one think like most of peoples done for other properties just print all passwords and keys on a paper and keep them safe place for one of follower after you because its very important for all they need to spend this money |
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cl37007
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December 10, 2017, 07:05:45 PM |
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Yes that BTC would be gone, but there is nothing to say that in the future safeguards will be implemented against this.
It is an interesting question but as the supply of BTC decreases, the value increases. The final block isn't due to be mined for over 20 years so there will still be a steady supply for years to come
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easynote
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December 10, 2017, 08:24:33 PM |
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What will happen??
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
The simple answer is that the money would be gone once the person dies with the coins in their wallet. |
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eurodecent
Newbie
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Activity: 10
Merit: 0
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December 17, 2017, 11:03:44 AM |
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In case a person who owns bitcoins die, then that means that no one can ever use that as it will not be accessible, unless ofcourse if the owner gave his account details to someone then that someone would be the new owner of the bitcoins.
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Gogochen
Member
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Activity: 238
Merit: 10
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December 17, 2017, 11:14:08 AM |
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What will happen??
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
I had the same consideration for this question, and if I died suddenly and didn't give my private key to them, it would mean that I had lost the fortune forever. |
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chennappa121
Member
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Activity: 400
Merit: 12
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December 17, 2017, 11:16:11 AM |
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its better to share the information or to store in the folder where atleast known person can check and get used to it.
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Ayush rana
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December 17, 2017, 11:19:21 AM |
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If a person die then his bitcoins will be gone for ever.
Insted he/she can give the wallet address and password to someone who is trustworthy.
Or even a wallet address can work in this case, because there is a option for change the password through registered mobile number.
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endlasuresh
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December 17, 2017, 11:19:54 AM |
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All are invested for their future use and no one is consider to die, if it happens some would have my private keys that are stored in seperate mobile for them. No one knows about Crypto currencies or Bitcoin in my home so I get lost what I have.
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Kotone
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December 17, 2017, 11:21:51 AM |
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What will happen??
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
pEople who died with their bitcoin wallets well there is nothing that we can do to get it. Unless that before that eventful date is that they give the way on how to access and every credentials that you need. I much prefer to treat the death as it is rather than worry about his value though |
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vv181
Legendary
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Activity: 1932
Merit: 1273
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December 17, 2017, 11:33:14 AM |
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I believe no one dumb enough to let that happen if they have a massive amount of Bitcoin. They will just simply make a testament letter to their family to handover the Bitcoin amounts.
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Twentyonepaylots
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December 17, 2017, 11:35:59 AM |
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What will happen??
No one will have the BTC address. Hence will them isolated?
In FIAT, people can handover money to someone.. So, i predict BTC will be disappeared gradually.
If a person died while owning Bitcoin but he or she didn't transfer his wallet, the bitcoin will not disappear hence it will still fluctuate accordingly to the bitcoin price, but the Bitcoins cannot be withdrawn because the wallet is gone forever. |
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Pablo778
Newbie
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Activity: 28
Merit: 0
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December 17, 2017, 11:42:53 AM |
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If the person wants to share his BTC with his loved ones after he is dead then he must keep his info in a safe for them.
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Bes19
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December 17, 2017, 11:43:05 AM |
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if someone died with bitcoin it will still be the same. His or her bitcoin will remain on their wallet. The only changes will be the value of it. Actually this thing is always on my mind so i told my husband everything about crypto and all my passwords and private keys lol
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