What if a person died with BTC!!

[splat44]

If a person died, the bitcoin itself will be a donation for a lifetime or someone else knows the private key of this guy then they will access his/her bitcoin. that's a tip! you should tell this to your trusted person, maybe your love ones--- your family.

[maimainguyen05]

If a person who owns a certain number of BTCs suddenly passes away without leaving any e-wallet or private key information, no one will be able to use them. If they are lucky they can save on the computer or note in the notebook can use. Because of the security nature of the BTC, no one can hack Bitcoin. So if you want to keep your Bitcoin offline in the cold wallet and store it in one of the safest places your loved ones can find and use it. 

[Hariz]

That's a great question. I've thought about this many times myself.
Considering the value of BTC, it is very important that people treat this the same way they do other high value assets - real estate, cash, gold etc. so you leave a way for the family to get access to these assets.

[okissabam]

If a person dies and he didn't give out any password or anything to anyone so he could pass it on then I think his hard earned bitcoin dies with him too. I don't think bitcoins circulation will be lessen if a person dies with his bitcoins though, since bitcoin still is mineable up until now. But the best thing antone could ever do is write it on a sheet of paper or have it laminated or something and put it in a vault around your house or something and give the key to your wife, husband or your kids.

[ramini]

When a person die with his BTC, then let it be an awakening to us. You can have it included on your last will. Or be given at least on your life partner. It is nice to at least have loved one you trust the most with all your assets. Rather than losing them and leave your loved ones with nothing at all.

[ramini]

Hi I'm a newbie. I think the bitcoin will disappear if the owner is dead.

No  it won't disappear just tuck on wallet which can't be access by anyone since private key is not available. it would be keep in the wallet forever I guess lol.

That' s right. The bitcoin will remain in the wallet forever. No one will ever touch that coins unless you told someone all the address and codes. What only disappear is the dead person. If the family would have an idea about the wallet but do not have the necessary information, the wasted bitcoin would add the pain they are going through.

[lillyann]

If they do not have access to the wallet, this may be a problem. I'm afraid I will not be able to regain access ...

[GoodLuck2]

If a person died, the bitcoin itself will be a donation for a lifetime or someone else knows the private key of this guy then they will access his/her bitcoin. that's a tip! you should tell this to your trusted person, maybe your love ones--- your family.

yeah this is the right solution to share private key with someone trustworthy and this will bring ease to the remaining’s of died person and if he didn't shared such information that coin will always stay in his wallet and no one will be able to use that so in my opinion this is the preferable thing that to share it with someone because death is the fortunate thing and avoid your loved ones to suffer after you let bitcoin to help.

[jaka331]

I was always wondering what if bitcoin will be a store of value in the future and someday all bitcoins will be lost :/.

[bitcampaign]

in my opinion, if someone has died and those who have been holding bitcoins, may or may they will hand over to his relatives to keep the keyword from the wallet they will submit

[kenjohannes26]

If someone dies with bitcoin it is definitely his bitcoin has no owner. And to solve that problem, it's better to make data about all your bitcoins on a paper and write them down there.

[parassinghal]

In this type of case if the person had written his passwords and keys on notepad or may had saved somewhere online then the wallet can be accessed easily by his/her family member. Or else no one can access the wallet.

[bitgolden]

If a Bitcoin owner dies without passing on the private key, his heirs may discover his wallet only to realize that they will never gain access to the wealth inside. To prevent this, the owner simply has to ensure that someone gets a copy of the private key by writing it down, storing it on a flash memory drive, or entrusting it with a commercial service that manages them.

yes, I agree with you, so she should leave a message or notify her family, so bitcoin will remain safe in her purse with her family.

That’s the great idea to give your family the bitcoin ownership after dying everyone must involve some trust worthy person from the family which look after coin after the investor and for this purpose share your private key or write some diary so that if investor got passed away then his loved one can get benefits from the coin and they can bear their expenses in good way after him so I recommend this to everyone.

[olegna17]

I think if a person died with BTC, it will remain in his/her wallet since no one knows the private key or the password of the wallet. For as long as no one open the wallet it will remain.

[delitte]

I find this topic worth discussing for. Let this be a warning to all of us. We do not know when will be our last journey in this world, so, as early as now, we must have someone in our family to discuss with it plus a written private key hidden somewhere in the house so that when time comes that you are gone, and they will discover, all your efforts will not be gone with you.

[Keihatsu]

Very good question....

I am working on a project called AFTERLIFE (L8RS)

I hope to publish a whitepaper soon with an ICO Q3 2018.

It is essentially a decentralised will writing service for cryptocurrencies.

If you die the coins/tokens will be held in escrow for a loved one of your choice.

It will cover most tokens and coins and we are looking at integration with other platforms (exchanges & wallets etc).

It will be easy to maintain and fully secure for you and your loved one/s (both sides of the system).

We have a unique set of parameters to determine if someone is no longer with us.

Watch this space!

[gandhe83]

This is the reason why the number of true bitcoins is still less than 16 million bits. This bitcoin is largely lost due to forgotten wallets and bitcoin holders but has died and does not let anyone know his wallet. At present, bitcoin is really scarce, which is why it is increasing in price now and in the future.

[AwpDragonPoor]

You should always have your private key/ seeds saved somewhere private for relatives, and it could be included in your will as your parting gift to them. If not, then the BTC will remain in their wallet, without anybody knowing about it, or knowing about the password. Basically, the coins go to waste.

[diguyo]

It's gone. I've told some of my family how to access my BTC - like a will, but not really. Loosely, if I die, speak to to my friend. If you speak to him, he will talk you through it.

Otherwise, like if you lose your key and then can't log in...you're screwed.

[okour999]

that's a bad vision that I have a dead person about bitcoin, just because I'm losing his bitcoin and killing him and I also think you're dead person and then you have bitcoin and that bitcoin is just like money, you can it withdraws through the bank and it becomes money, but I think it's okay to do it because it's a workshop to earn more money than life is lost no way to get it back.