curv1991
Jr. Member
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Activity: 50
Merit: 10
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December 22, 2017, 06:45:15 AM |
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Bitcoins ain't attached to a human being... probably if I die no one will be able to take my coins  , haven't shared with anyone my private keys or passwords. |
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TheKeyLongThumbI
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December 22, 2017, 06:55:36 AM |
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I'm sure he had left a note in case anything happens to him. No one would want that all his efforts in btc especially if it is worth millions then no one will benefit in the end.
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skyflakes88
Full Member
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Activity: 124
Merit: 100
▰▰ ARENA SPACE ▰▰
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December 22, 2017, 06:59:37 AM |
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this is a very hard case if the owner of the bitcoin address dies leaving no access to anyone even his/her love ones does't know his private key because no one can access his wallet then we can assume that this bitcoin is lost forever because there is no backdoor or any means to access bitcoin address even bruteforce can't and if this happens then they're will be no security at all in bitcoin address
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kaushala94
Newbie
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Activity: 7
Merit: 0
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December 22, 2017, 07:04:05 AM |
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good question actually. unless person die by accidentally he/she will transfer bitcoins to his or her decedents
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codpku
Member
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Activity: 336
Merit: 10
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December 22, 2017, 07:07:22 AM |
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Good question
Im prepared if i died
I save my private key in secret place but i keep clue to my mom so she can find it
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Potchi
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December 22, 2017, 07:13:08 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.
If a person with BTC and have a sudden death his/her BTC will still be in the network, unless he/she saves all information about his/her btc on notepad and can be easily access by his/her family. Like me all my online password are save on my pc. Yes, that will possibly happen for someone who used to manage bitcoin. If he or she had trusted someone about his or her account, maybe that person may use and earn it. They're maybe his/her friends or family. I hope everyone here has been doing that for them not to waste their bitcoin. |
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Whespers78
Newbie
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Activity: 51
Merit: 0
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December 22, 2017, 11:09:36 AM |
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you must have trusted person till him any thing about you.
if die his family will lost a lot of money
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Sadlife
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December 22, 2017, 11:20:34 PM |
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Well that depends on him if he wants to give all hes credentials to his loved ones for example mother, spouse or chilren in case something might happen to him but if he doesn't want to give it his bitcoin's will still be on the blockchain,it will be a long time hodl. You just have to plan everything ahead if your doing bitcoin for your family then teach btc so they can inherit your btc. Simple as that.
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jlanzago
Full Member
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Activity: 266
Merit: 101
Cryptomooniac - to the moon and beyond...
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December 22, 2017, 11:23:56 PM |
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The Bitcoins stay on the blockchain, forever, unless the husband/wife has access to the private keys of those wallets and can transfer them out. They are not destroyed, because Bitcoin in essence is a huge ledger.
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Xeon201
Newbie
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Activity: 27
Merit: 0
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December 23, 2017, 07:24:59 AM |
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If a person has so many bitcoins and died then there is a possibility that it will just go to waste if there's no person or relatives know about his/her password or about his btc.
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Jedzkie050617
Member
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Activity: 476
Merit: 11
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December 24, 2017, 04:53:03 AM |
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Many of us here want to benefit on our efforts. Since we talk about the time when we died ,well if you didn't give your credentials of the information on your account definitely it will be hold forever. So much better, give every details of your account so that it will still used as good as cash to add on for the expenses for your death. Hopefully it will take 50 years from now before it will happened.
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kumara
Newbie
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Activity: 70
Merit: 0
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December 24, 2017, 05:11:09 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.
Sounds silly. Cryptocurrency is not going away in your lifetime or that of you grandchildren's. Keep seed key safe in multiple locations and leave it in your living will. |
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anushkasachith888
Member
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Activity: 532
Merit: 12
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December 24, 2017, 09:46:25 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 with BTC and have a sudden death his/her BTC will still be in the network, unless he/she saves all information about his/her btc on notepad and can be easily access by his/her family. Like me all my online password are save on my pc. In case someone could access to your PC with bad intention you will loose your all BTC.  I have written all password in a book. I think it is safer than store in the PC. |
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Treshkilling
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December 24, 2017, 10:03:18 AM |
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good question for discussion, people have to understand that and to trust his account of a reliable person or as a Testament to transfer your bitcoin address
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imyashir
Copper Member
Full Member
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Activity: 448
Merit: 110
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December 24, 2017, 10:06:04 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 dies and has a bitcoin store it will not lose its bitcoin but it will not be accessible unless he shares his private key with his family can still access the bitcoin of the deceased owner. I have a prediction on bitcoin. I just thought about it and my mind. In 2009 it has been possible to use faucets and claim that their bitcoins from the faucet site. since the price is not yet so high that many of them have neglected their bitcoin. so now the bitcoin's supply is lacking so bitcoin's demand increases. |
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LogitechMouse
Legendary
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Activity: 2478
Merit: 1038
casinosblockchain.io
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December 24, 2017, 10:06:26 AM |
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If the person dies and he lefts his BTC then it cannot be retrieved unless there is another person that knows your private key or if that person can access your device that you are using in logging in. Another way is by giving a hard copy of your private keys to your relative or anyone who is related into bitcoin.
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bharal07
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December 24, 2017, 10:08:45 AM |
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What if someone dies with btc? is it hard to believe that? especially if no one knows his password on his wallet because of his accents? so it's hard to just end it then you're dead bitcoin when you're in it? then no one knows your wallet passcide? so it's hard. so my parents know my wallet passcode. for if I just lose it and least know my passcode.
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Renampun
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December 24, 2017, 10:10:08 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.
of course, Bitcoin left by the dead person will be lost, because most of the wallet is now very safe, even the wallet maker cannot get into the wallet of the consumer... |
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mutrang23
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December 24, 2017, 10:41:00 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 think the bitcoin number of that person can disappear in the right way. If many people who own bitcoins die, I think the amount of bitcoin circulating in the market is decreasing. |
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Kobro
Member
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Activity: 95
Merit: 10
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December 24, 2017, 10:43:42 AM |
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Actually fate can not be denied, if it happened just regret that we feel.
If the person dies and he leaves his BTC then it can not be taken,
It would be nice among our families to be given a copy of the private key for the brother or person associated with Bitcoin, and how much we have BTC, so the abandoned family get ya ... a kind of Inheritance from the person who left us from this world
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