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Author Topic: If the bitcoin holder dies  (Read 821 times)
shield132
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December 21, 2017, 02:48:22 PM
 #41

Dear team

I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
We can ask the same about paper money but it can be reprinted so problem is easily solved. In bitcoin no but lets' imagine. There is 16M bitcoin and totally worth 100 Billion. Now we lost 4 bitcoin, all holdets died and we can use only 12M bitcoin and number of people who uses bitcoin grew again. Now what happens here is that price of bitcoin rises and 12M's total worth can become 100 Billion or more too. If in past it could worth 85Billion, now they worth 100.

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Ararbermas
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December 21, 2017, 03:08:56 PM
 #42

Dear team

I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
well that bitcoin holders is totally idiot if the family members didn't know all information about the wallet . But i think if bitcoin holders has 100btc i think he will never let the 100btc staying in any online wallets maybe he will convert it into fiat and put it on bank to ensure that the 100btc will never be useless after bitcoin holders die.  And also after the owner die perhaps the bank company will let the wife or the families manage the account .And for sure the family knows about the money of the deceased so i think they will supervise the papers immediatly to transfer the name to the spouse or children
ateebshaikh290
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December 21, 2017, 03:25:09 PM
 #43

Then nothing can be happened, so if the person which is having a single bitcoin should trust his family member or friends and tell them about it and all the private thing related to it so after it they could use that coin.
bitcub
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December 21, 2017, 03:29:26 PM
 #44

Better share your crypto private key with your most trusted person or family member. They must be well informed or else your crypto will still stay in the blockchain forever.

Dear team

I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not

felicanoma
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December 21, 2017, 03:41:10 PM
 #45

If the bitcoiner dies in his wallet there is 100 btc and his family no one knows, then the bitcoin automatically includes hidden treasure and nobody can pick it up. So can say the bitcoin is gone and burned for good.
so for that we have to tell our power if we jump in bitcoin and write important notes on other devices that can be saved and later can be opened for our family.

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rudox
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December 21, 2017, 03:51:19 PM
 #46

It has not yet cross my mind, but if a holder of bitcoin dies without any of his family member knowing next to nothing about bitcoin then that coin will lost forever. So I think we should let our family understand the principle of blockchain and have our login particulars and keys.
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December 21, 2017, 04:05:10 PM
 #47

Dear team

I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
Nope bitcoin will never died because bitcoin holder will don't want to bitcoin dies because this is the only way where they grt money for their future fsmily and future purposes btc will remain bitcoin unless it will totaly predicted that it will die but i don't believe that bitcoin will die for sure in next generation eill be die
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December 21, 2017, 04:09:20 PM
 #48

Dear team

I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not

Why is Bitcoin any different than anything else? If you hide gold coins or gold bars somewhere and you tell nobody, then it

is gone. Yes, someone might find the gold by accident, somewhere in the future... but with Bitcoin this is nearly impossible.

You should tell family and friends about these bitcoins in advance... but only the ones that would be the beneficiaries.  Wink

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sarahtarczon
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December 21, 2017, 04:10:56 PM
 #49

if one day in the future bitcoin holder pass away and did not let anybody knows about bitcoin private key, surely those bitcoin that person had would die with them too because there is no way we can get bitcoin without the private key.

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maulana rifai
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December 21, 2017, 04:34:28 PM
 #50

Dear team

I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
indeed death comes no one knows. the questions above are good, it gives us all the vigilance to anticipate those things happening to us. if no one knows about Bitcoin then the bitcoin he has no meaning anymore.
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December 21, 2017, 06:56:41 PM
 #51

If the bitcoin holder dies, it should be replaced by its next generation. So, the bitcoin authority should provide this option.
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December 21, 2017, 06:58:01 PM
 #52

If the bitcoin holder dies, it should be replaced by its next generation. So, the bitcoin authority should provide this option.

What do you mean? The next generation? Do you know of what are you talking about? Or you are just writing in here with non-sense?

If the holder dies, then the wallet will be there forever, the balance that you have is never going to know if you died or not.

And if the children from the holder doesn't know the private key, there not going to be able to access to those funds.
chocomartin
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December 21, 2017, 07:31:49 PM
 #53

It could no longer be accessed unless they shared their wallet credentials to someone they know so sharing it with trusted individuals such as trusted family members would be a good idea.
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December 21, 2017, 07:39:25 PM
 #54

Dear team

I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
well that bitcoin holders is totally idiot if the family members didn't know all information about the wallet . But i think if bitcoin holders has 100btc i think he will never let the 100btc staying in any online wallets maybe he will convert it into fiat and put it on bank to ensure that the 100btc will never be useless after bitcoin holders die.  And also after the owner die perhaps the bank company will let the wife or the families manage the account .And for sure the family knows about the money of the deceased so i think they will supervise the papers immediatly to transfer the name to the spouse or children
That is not important that a person will sell all their bitcoins but i think that it is too much important that a person should share his account information with their family member so that after his death his family can get access to his wallet and can get the inherit. In fact no one ever expect that he will die and that is the reason that he never take it serious to share its account information with anyone of his family member.
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December 21, 2017, 07:44:10 PM
 #55

No one can have access to his account unless the person who died has given the password or whatsoever to the person he trust. Because everything he have is his property

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December 21, 2017, 08:02:33 PM
 #56

If someone or somebody died already his/her btc will be donation already or if you know his/her private keys that's the time you can access his/her wallet.

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nick_nick
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December 21, 2017, 08:10:35 PM
 #57

Dear team

I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
Haha very interesting. That bitcoin is completely gone for good since nobody knows about the private key and password. It would be prudent however to at least entrust such details to trusted person before the unexpected happens
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December 21, 2017, 08:17:03 PM
 #58

If you died with 100 bitcoin on your wallet and you haven't told it with your last testament / will then it will be gone forever. Not really it will be gone forever, it will remain on your wallet without someone knows how to claim it.

But if you'll give information, private keys, login details & password if it was stored on a web wallet then he might gain access and use it for their own good.

Otherwise if you died in an accident without letting them know those details that will be likely to be called burned bitcoin

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December 21, 2017, 08:20:44 PM
 #59

I agree that it would be nice to see some forward-thinking services that could help manage crypto inheritance. 
Lowleary
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December 21, 2017, 11:36:49 PM
 #60

Dear team

I need to know that if a bitcoin holder dies with 100btc. Then what happended to btc ? Useless
If family member knows no problem. What if not
if they know private key or 12 words they can restore bitcoin, wallet password easy.

when you loss bitcoin all network will lost your bitcoin


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