If the bitcoin holder dies

[udayantha11]

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

[1715540726]

1715540726

[Zakhal]

He will take them to the afterlife and be rich there.

[hadveach]

what is your consideration to say like that?
I think your prediction is different from me, remember that I'm sure bitcoin will rise in early 2018, spreading and volume increases, big investors increase. and a good bitcoin system will occur in 2018.

[paolo099]

if nobody knows about how to get into the wallet (password, private key, etc.) these BTC are gone, nobody can get it.
That's why if you hold a good amount of BTC you should have trusted friend or family member to have all the information to recover your coins, but this would happen also for your bank account, when you're gone everything's coming with you, in the /dev/null

[Kakkles]

If nobody knows about it then its gone. Might be good to leave it as part of a will.

[Emoclaw]

These Bitcoin are lost permanently. It is not (and shouldn't be) possible to access or recover Bitcoin from a wallet without knowing the private key & password.
There are many people who have lost access to their wallets for several reasons, and thus can no longer access the Bitcoins that they may have held in the past.
This is why everyone should take precautions such as backups and entrusting the private key to a trustworthy person.

[imasiranda]

Coins which are in wallets for which private keys are not known, will be permanently lost. 

[kakrotssj1]

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

Nothing will happen to the BTC unless some one else knows the password of your wallet and has access to your account and know how it works. A layman won't be able to do anything with BTC even if he/she has access to your wallet or account. You can ask someone to be your caretaker and teach them to use BTC.

[okissabam]

Most probably he will take it to his grave and the btc he has will be gone with him as well not unless a great hacker could hack his wallet address. It will stay where he has it secured and if he has not told anyone about it then yes it is considered dead too.

[ronypro]

if nobody knows about how to get into the wallet (password, private key, etc.) these BTC are gone, nobody can get it.
That's why if you hold a good amount of BTC you should have trusted friend or family member to have all the information to recover your coins, but this would happen also for your bank account, when you're gone everything's coming with you, in the /dev/null

No you are wrong here banks have a field for nominee ,so if you dead the funds goes to that person already mentioned at the time of opening a account.

[Slow death]

He will take them to the afterlife and be rich there.

hahahaha

good joke, you knew that in the earliest times there were cultures that where when someone died, they buried this person with their belongings.


This is a very serious concern. When someone dies it becomes something very problematic because besides the lack that this person gives us we have to deal with the goods that this person who died left. the banks take a lot of time to give the insurance values and there are more others bureaucracies involved. If you want someone to benefit from your bitcoin after your death, this person needs to know that you have bitcoin, your password and private keys. But you do it this movement (tell someone that you have X bitcoin, give your password, give your private key) you are at risk of being robbed. Unfortunately in today's world even the person you love the most in the world can fool and steal you. So the question you should have is:

when is someone trustworthy enough to give pasword and private keys?

[kingragnar]

There is a possibility that a bitcoin holder may have died of 100BTC. If I have such a large amount of money I will let my parent know my account and password, private key, etc and what they will do for this money will leave me a note on how they will be able to allocate this money and this way I'm happy even when I'm dead or so madly. It can help your parents and your children if you have a family. Hopefully I will not have 100 Bitcoin so I will not die. just i think

[udayantha11]

He will take them to the afterlife and be rich there.

hahahaha

good joke, you knew that in the earliest times there were cultures that where when someone died, they buried this person with their belongings.


This is a very serious concern. When someone dies it becomes something very problematic because besides the lack that this person gives us we have to deal with the goods that this person who died left. the banks take a lot of time to give the insurance values and there are more others bureaucracies involved. If you want someone to benefit from your bitcoin after your death, this person needs to know that you have bitcoin, your password and private keys. But you do it this movement (tell someone that you have X bitcoin, give your password, give your private key) you are at risk of being robbed. Unfortunately in today's world even the person you love the most in the world can fool and steal you. So the question you should have is:

when is someone trustworthy enough to give pasword and private keys?

Yes indeed. I completly agree with you. If we give a private key to somebody that love most. They also can be stolen btc

[HackS]

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

That is good question I think that dev should make   some kinda of wallet deactivation after few years of no transactions or inactivity ,and distribute them in community. I think that would be fair.

[paolo099]

if nobody knows about how to get into the wallet (password, private key, etc.) these BTC are gone, nobody can get it.
That's why if you hold a good amount of BTC you should have trusted friend or family member to have all the information to recover your coins, but this would happen also for your bank account, when you're gone everything's coming with you, in the /dev/null

No you are wrong here banks have a field for nominee ,so if you dead the funds goes to that person already mentioned at the time of opening a account.

well, if you have a nominee it works, otherwise if banks "really wants" to find somebody to send the money in the account it's a long process and is not free.
happened to a friend of mine when his dad died, there was no nominee and even though he demonstrated to be his son, the account was locked for ages, he needed a lawyer to be able to unlock the fonds in it.
That's at least what can happen in my home country.

[ylnar123]

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

There you have it. You just answered your own question. It is obviously useless if none of the family member knows about how to recover his bitcoins. So to prevent this from happening make a small diary and put all your info about bitcoin there incase you die with that 100btc.

[HackS]

There is a possibility that a bitcoin holder may have died of 100BTC. If I have such a large amount of money I will let my parent know my account and password, private key, etc and what they will do for this money will leave me a note on how they will be able to allocate this money and this way I'm happy even when I'm dead or so madly. It can help your parents and your children if you have a family. Hopefully I will not have 100 Bitcoin so I will not die. just i think

he was talking about some greedy person who could farm that much and not share with family ( I can kinda relate to this story but nwm) anyway I wrote in previous post a idea about its distribution.

[Marco Ambrusini]

If no one is aware about it then its really gone for good with the deceased.Eventhough private keys and back ups are suppose to be the topmost secret its advisable to atleast give backup to your closest relation just incase of any uncertainties

[BitcoinHodler]

if you don't own 100BTC yourself then you don't need to worry about those who do have that much. because someone who owns $1,600,000-$1,700,000 with the potential to be worth $2 mil, will surely know what to do with it and has made the arrangements already. unless they are ignorant of their family or if they think they have bitcoin nodes in afterlife too

[datodota002]

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

That's a very good idea. katena could be the one who died is merupaka n people who hold half of the world bitcoin population. it will be a serious problem and will greatly affect the bitcoin price.