What if a person died with BTC!!

[Hazaki]

Actually , the amount of bitcoin held in cold storage is much more bigger than you think , and will certainly be much more bigger than the one that will be lost of it's owners die or disappear or something . Estimations says that more than 20% of bitcoins are either in lost offline wallets (like the guy who lost 7.5k bitcoins in a hard drive that he threw by mistake in a giant dumpster ) or that 1 million bitcoins that people think Satooshi Nakamoto the presumed bitcoin inventor kept for him self , or just other wallets which owners lost access to ..
You'll need to tell at least one of your friends or relatives about your bitcoin thing tho , and let him know how to access your wallet in case of something bad happens to you or that you'll be needing money from your wallet , that can be a life saving measure to take ..

[Tukang Becak]

Then it could be gone forever. On the other hand. If that person have given his infos to someone then it could be recovered. Better have someone that will carry/have your bitcoins if these cases happens

Yes, but we have to give information to family or trusted person, before we give information then we must enable 2FA feature that is from SMS mobile phone or Google Authenticator which is in our smartphone.

[cposeidon]

If a person suddenly died without anyone having access to his wallet then the coins will be stuck there and will not circulate anymore

[HTHP]

No one will get the bitcoins because it will stay on the network/wallet. But it's a lose because your family can't benefit.
I heard about an ICO that manage your coins after the death..

[WhaleHunter]

If you have a Nano Ledger or a Trezor, you can leave instructions on how to extract the coins there. This is probably the safest way to do that. Unless you die without having prepared yourself for that.

[Suharti12]

I think bitcoin will keep running as long as there is internet network as technology progresses and bitcoin will become world currency just like FIAT money

[izzymtg]

I already teach my wife on how to access my account. So that, in any case, something happens to me, she can use it. But for now I am still the one who still manage the account.

[zentdex]

I think the bitcoin will stay in the wallet and if the Bitcoin Wallet Service see a non-activity to its records, they could screen it and of late lead an examination as a large portion of the services have KYC, in this manner could play out a thorough search. For the situation they found the record holder is dead, they could grab the bitcoins and store it in their to grab list. I never read something about it yet it is only my hypothesis in that specific situation.

[AMiRU]

this thread just made me realise how important it is to write down a will, most of us do not know when and how we are going to die and let's not waste our hard earn crypto. I'm sure there is always a way to instruct your benefactor on how to unlock your wallet.

[Lorna t]

 For me I am referring to this question if I die I'm sure all of my money here in bitcoin available to outstanding family well before everyone. first I  worked as an online job and I'm just here them my family will let me know what I'm doing and its also possible that one of them I will teach .so they know how to move within my bitcoin and how to make it in bitcoin .maybe it takes longer to grow stronger the day comes when people die at Keats in their way home .so be prepared to get everything I know and get what I have accumulated here in bitcoin. We must be prepared for what ever happens to us.

[Zebra.Guy]

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.

A lot of people have died and their money (fiat) was lost in a pot in a garden or thrown away in some old mattress. It has happened and will happen no matter if it is fiat or bitcoin.

What you need to do is tell your family how they can get to your funds, and it holds with both fiat and bitcoin all right.

[Karavadinos]

It may happen I assure you, using all the bitcoins you gained years ago when you thought it was something trivial and somehow worthless then you get hit by the increasement of its value lately. Knowing you lost one of the biggest chances in your life to because rich, that's a one mini heart attack.

[Bukx]

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 option is we inform to our family about our bitcoin in wallet and how to access it.
When we die, so our family still have access to our bitcoin to prevent the bitcoin disappear.

[edengolo]

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.
[/quote
I think it is a big problem!!
If someone died and you don't his password or the seed the money is lost.

[the_dump11]

This is an interesting question. Indeed it would be difficult to access bitcoin dead people, as well as to calculate whether they are in General and so on. But I think that if bitcoin becomes the main currency, this problem was solved in some way

[yannick225]

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 so it'a a final lost and we need to accept that

[Sadlife]

Well if someone had a sudden death his bitcoin will remain in the blockchain and will be forever be lost with no one to access his private keys. But if that person entrusted his credentials to someone he loves like a wife, children or parents then the bitcoin that has been left behind by that person will be use. This is why blockchain is unhackable your btc's is safe but it has it's pros and cons to.

[Drunkenhorse]

If the person who died was having bitcoin on bitcoin wallet, then yes, for now, it is kappa, but if it is an exchange like Bittrex, for example, you have all chances to get it as a relative.

[laravuemaster]

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.

Persons that will die and they did not use their coins on their wallet will eventually become waste and will not circulate in the market. If you have a person that you have known for a very long time that is dying then just ask this person to pass his/her coins to your wallet in order for this remaining coins to be still usable in the market.

[RoccoSiffredi]

Well, if BTCs will disappear because of their owners dying, the value of BTC is destined to increase more and more. I guess already a lot of BTCs are already lost, either because owners died or because they have lost the wallets or passwords.