|
newb-dev
|
 |
February 22, 2018, 05:08:09 PM |
|
It is wise to think at our dear ones in case something happens to us. Keep password copies and share them with the people you can trust (your life partner, parents)
|
|
|
|
|
|
|
|
|
|
|
|
I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
MCM10
Newbie
 Offline
Activity: 128
Merit: 0
|
|
February 22, 2018, 05:08:31 PM |
|
can be. if the person is doing this bitcoin with no patience investing with this bitcoin or trading, and having a heart attack. hopefully it does not happen to us all these bitcoin users. just do it all with patience.
|
|
|
|
|
heisenberg0000
Member
Offline
Activity: 196
Merit: 10
|
|
February 24, 2018, 05:43:09 AM |
|
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.
This is a very interesting answer. Since bitcoin is not regulated like banks. Then we could say that the bitcoin within his wallet would no longer be part of the over all circulating supply. The total 21 million that is to be produced in bitcoin would not be adjusted. If I'm not mistaken there is at least 3-4 million that is considered at lost right now. Meaning this are within the people who forgot their password, lost hard drives and other reasons. |
|
|
|
|
|
tanginamoo
|
|
February 24, 2018, 06:14:25 AM |
|
Nothing terrible will happen. Bitcoins simply "will hang" in the air.
This idea also comes first in my mind after reading the question. I also think that the bitcoin will only be left out unless there is someone who the dead perso have given his/her account and access the bitcoin. |
|
|
|
CONOFLEX
Newbie
Offline
Activity: 28
Merit: 0
|
|
February 24, 2018, 06:15:23 AM |
|
It i s very important to let your love ones or family knows your passwords and keys .
You cant let all your planning and hardwork go down the drain.
|
|
|
|
|
|
Scavagers
|
|
February 24, 2018, 06:22:58 AM |
|
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.
when a person dies while having bitcoins on his or her wallet, it is still there and nobody can have access to that. It will still remain on the dead person's account and will not disappear unless some people have taken it. But it is can be prevented, whether your account has more or less money,one of your family member or one of your loved ones need to know the password of your account so they can access the dead person's money on its wallet. The money will be stucked there unless external interference takes place. The bitcoins that are remained in the account are considered now worthless if not used because it will not be part of circulatuon. |
|
|
|
|
dhrazzen
Member
Offline
Activity: 266
Merit: 10
|
|
February 24, 2018, 06:23:57 AM |
|
As a bitcoiner we must always think about our profit or money that is we invest in a project. All of those money will become useless if we died. So, our family must know our wealth as a bitcoiner. They must also know about our earnings, private key and wallet or account in bitcoin. No one can predict our life so, we must be ready at all times.
|
|
|
|
|
|
Manchumichael
|
|
February 24, 2018, 07:25:13 AM |
|
As a bitcoiner we must always think about our profit or money that is we invest in a project. All of those money will become useless if we died. So, our family must know our wealth as a bitcoiner. They must also know about our earnings, private key and wallet or account in bitcoin. No one can predict our life so, we must be ready at all times.
Yes when death will come nobody will know anytime it will come. if it happens then your bitcoins and altcoins will become no use it will not help to anyone. that's why we have to inform any of our closed once about our bitcoin activity and we have to inform them where we have stored all private keys and other information regarding our wallets. |
|
|
|
|
Marsyam
Newbie
Offline
Activity: 210
Merit: 0
|
|
February 24, 2018, 07:41:58 AM |
|
It might be better if we tell about our assets to the people that we trust as our families. so even though we die then we will secure the bitcoin assets and enjoyed our own families.
|
|
|
|
|
Elexsis
Member
Offline
Activity: 378
Merit: 10
|
|
February 24, 2018, 07:44:55 AM |
|
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.
It wont be loss even though that person died already, but if he keep the file or documents that has an access to all his account it cant still pass through generation or to a family member to continue what that person started to. |
|
|
|
|
lovepale
Newbie
Offline
Activity: 105
Merit: 0
|
|
February 24, 2018, 07:50:22 AM |
|
If the person died with btc it will be lost forever unless there is someone who took care that person or there is one who knows where is btc and the address or even the email address. I think there is still a chance to recover btc from nothing to something. It is regretful if the bitcoin will never be recovered or recommended to others. If fiat is still meaningful to use than btc if we talk about the death of a person. Fiat doesn't need more info but just you have it actual money. Lucky.
|
|
|
|
|
Trcream
Jr. Member
Offline
Activity: 164
Merit: 2
|
|
February 24, 2018, 08:07:32 AM |
|
Still in existence with lower circulation. It's an interesting thing to think about.
|
☛ CBNT☚
-Create Breaking News Together- (https://web.cbnt.io/) |
|
|
|
carlisle1
|
|
February 24, 2018, 08:29:16 AM |
|
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 with bitcoin,the coins will die together with him.unless he entrusted the passwords of the funds,and he had told those trusted pern about claiming or withdrawing the accounts .but much better if they will continue the legacy of the dead person |
|
|
|
|
coinxwife
Newbie
Offline
Activity: 167
Merit: 0
|
|
March 16, 2018, 08:57:00 AM |
|
In my case if i die while joining here in BTC i must tel my husband all my accounts and paswords for the sake of my childrens too.,Store in a notepad for the safetyness and give some extra copy if ever my phone lost too.
|
|
|
|
|
|
Traslavin
|
|
March 16, 2018, 09:00:20 AM |
|
When something like this happening bitcoins their bitcoins is litteraly dying too but only if he didn't saved information about his accounts and wallets to his relatives.
Oohh, that was so sad especially if he didn't make any notes or told anyone about his account in bitcoin because in fact his bitcoin will dying too. It's the sad part of people but a natural phenomenon that would come and happen to us, so because of this topic It make me think that whatever may happen to me I should left any notes on my things or just told my brother's about my account. |
|
|
|
fetokun
Full Member
Offline
Activity: 210
Merit: 100
Presale is live!
|
|
March 16, 2018, 09:18:02 AM |
|
If you have a large amount invested than the only way for handing over the Bitcoins after your death would be through a will, by giving your private key in the will. Otherwise I cant think of any other way any one is even going to know that you had bitcoins. And even if they find it on your computer the wallet might be most likely locked with password which is almost impossible to break.
|
|
|
|
AndrewBrown
Newbie
Offline
Activity: 251
Merit: 0
|
|
March 16, 2018, 09:22:35 AM |
|
Well if there was no one who knows where your private keys and passwords are then I think they are gone forever and no one can get them but if you made provisions to have your private keys and passwords given to someone after you die then they can get it out.
|
|
|
|
|
fortunecrypto
Legendary
Offline
Activity: 2450
Merit: 1047
thecryptocurrency.directory
|
|
March 16, 2018, 09:29:07 AM |
|
Fortune magazine recently had an article about this. It's a good question. I keep access to my accounts an encrypted database. My wife doesn't have the password. But I think I'll make a copy of it that she can keep on her encrypted database. http://fortune.com/2017/09/26/cryptocurrency-bitcoin-death/This is something to ponder, we never know what's going to happen, so if you are investing in cryptocurrency, it's better than you made a will and instructions how to recover your coins in case something happens to you, cryptocurrency is now a portfolio just like a real estate. |
|
|
|
threesome333
Newbie
Offline
Activity: 32
Merit: 0
|
|
March 16, 2018, 09:46:07 AM |
|
|
|
|
|
|
btcrut2017
Member
Offline
Activity: 406
Merit: 11
|
|
March 17, 2018, 06:05:29 AM |
|
Fortune magazine recently had an article about this. It's a good question. I keep access to my accounts an encrypted database. My wife doesn't have the password. But I think I'll make a copy of it that she can keep on her encrypted database. http://fortune.com/2017/09/26/cryptocurrency-bitcoin-death/You should have a list of your bitcoin and its password and let your family know about it. Your family especially the children should know the importance of it and just provide them knowledge about bitcoin for them to appreciate it. |
|
|
|
|
|
