Bitcoin Forum
November 14, 2024, 09:50:29 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4] 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 »  All
  Print  
Author Topic: What if a person died with BTC!!  (Read 2293 times)
BitNotByte
Member
**
Offline Offline

Activity: 227
Merit: 10


View Profile
December 10, 2017, 02:18:02 PM
 #61

i hope that person has a friend who knows about how rich his friend is.  Grin Grin it will last until there's bitcoin, safe and sound

Sallysakky
Member
**
Offline Offline

Activity: 119
Merit: 14

Kawa


View Profile
December 10, 2017, 02:18:29 PM
 #62

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 Grin Also I don't see obstacles to include all the necessary information in testament.

Tongue
shesheboy
Full Member
***
Offline Offline

Activity: 714
Merit: 114


View Profile
December 10, 2017, 02:22:46 PM
 #63

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.
ravedien
Member
**
Offline Offline

Activity: 76
Merit: 10


View Profile
December 10, 2017, 02:24:04 PM
 #64

If keys and address is not passed down, it be lost forever.
Pfizer
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250


View Profile
December 10, 2017, 02:24:14 PM
 #65

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.
A.Chanaka Bandara
Member
**
Offline Offline

Activity: 140
Merit: 10

Feeling Relax in Underpressure


View Profile WWW
December 10, 2017, 02:31:18 PM
 #66

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.   Undecided

putlink
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
December 10, 2017, 02:38:26 PM
 #67

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
BitSat
Sr. Member
****
Offline Offline

Activity: 700
Merit: 251


View Profile
December 10, 2017, 02:42:55 PM
 #68

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
cl37007
Full Member
***
Offline Offline

Activity: 364
Merit: 100


View Profile
December 10, 2017, 07:05:45 PM
 #69

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

DeepOnion    ▬▬  Anonymous and Untraceable  ▬▬    ENJOY YOUR PRIVACY  •  JOIN DEEPONION
▐▐▐▐▐▐▐▐   ANN  Whitepaper  Facebook  Twitter  Telegram  Discord    ▌▌▌▌▌▌▌▌
Get $ONION  (✔Cryptopia  ✔KuCoin)  |  VoteCentral  Register NOW!  |  Download DeepOnion
easynote
Hero Member
*****
Offline Offline

Activity: 700
Merit: 500


CryptoTalk.Org - Get Paid for every Post!


View Profile
December 10, 2017, 08:24:33 PM
 #70

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.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
eurodecent
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
December 17, 2017, 11:03:44 AM
 #71

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.
Gogochen
Member
**
Offline Offline

Activity: 238
Merit: 10


View Profile
December 17, 2017, 11:14:08 AM
 #72

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.

chennappa121
Member
**
Offline Offline

Activity: 400
Merit: 12


View Profile
December 17, 2017, 11:16:11 AM
 #73

its better to share the information or to store in the folder where atleast known person can check and get used to it.

▀   ▄   ▀   ▄   ▬▬▬███  Burst  █  Defi Money  ███▬▬▬   ▄   ▀   ▄   ▀
[      PRESALE     |  April 1st      ]     [     CROWDSALE    |  June 1st      ]
[     TWITTER           TELEGRAM       █│█     MEDIUM          GITHUB     ]
Ayush rana
Full Member
***
Offline Offline

Activity: 476
Merit: 103



View Profile
December 17, 2017, 11:19:21 AM
 #74

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.

endlasuresh
Full Member
***
Offline Offline

Activity: 756
Merit: 103


View Profile WWW
December 17, 2017, 11:19:54 AM
 #75

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.

For Telugu Translation Contact to me
Kotone
Hero Member
*****
Offline Offline

Activity: 1372
Merit: 503


View Profile WWW
December 17, 2017, 11:21:51 AM
 #76

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

vv181
Legendary
*
Offline Offline

Activity: 1932
Merit: 1273


View Profile
December 17, 2017, 11:33:14 AM
 #77

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.
Twentyonepaylots
Sr. Member
****
Offline Offline

Activity: 1918
Merit: 370


View Profile
December 17, 2017, 11:35:59 AM
 #78

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.
Pablo778
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
December 17, 2017, 11:42:53 AM
 #79

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.
Bes19
Full Member
***
Offline Offline

Activity: 1002
Merit: 112


View Profile
December 17, 2017, 11:43:05 AM
 #80

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
Pages: « 1 2 3 [4] 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!