Dhaaaw
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December 24, 2017, 11:57:58 PM |
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They will be lost permanently unless the holder wrote down his wallet's private key and kept it with someone he trusted so he can then access the fortune after the holder dies. It's kinda risky to give away your private key but thats the only way for people get your bitcoins after you're gone.
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Geoll29
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Activity: 266
Merit: 10
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December 25, 2017, 12:12:12 AM |
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It's better to tell or teach our loved ones about bitcoin before anything bad happened to us. This will ensure that they will benefit from our hard earned money.
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Joeyops
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December 25, 2017, 12:18:25 AM |
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He will take them to the afterlife and be rich there.
I laughed so hard at this
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Win Free Bitcoins every hour! - www.freebitco.in[/s (https://freebitco.in/?r=6352768)
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EverMashin
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WINSTARS - We are changing the face of gambling
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December 25, 2017, 12:21:38 AM |
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If you do not have a private key, you will not get access to the wallet. For this reason, smart people, I think, duplicate their secret keys and store them in bank cells.
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AntoCokbun
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December 25, 2017, 05:42:51 AM |
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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 it really happens then the bitcoin that he has will be lost and make the supply decreases. so to avoid that we should give our personal wallet's key to the person we trust or write it in the will.
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udayantha11 (OP)
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2023 would most likely be as bearish as 2022
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December 25, 2017, 05:55:17 AM |
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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 it really happens then the bitcoin that he has will be lost and make the supply decreases. so to avoid that we should give our personal wallet's key to the person we trust or write it in the will. yes in our life we have trust at least one person in our life. in these cases we have to give our private keys and other necessary details. I got lot of information from this.
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we all need universal power and cyclist of Everything -2023 would most likely be as bearish as 2022- =BTC will make it, but might be a long winter=
Stronger the storm, brighter the rainbow
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soulripper
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December 25, 2017, 06:21:55 AM |
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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
useless yes, if no one know your wallet, that's why we must anticipate this, we dont know when we die right! for me, i have brother, i will tell him anything about bitcoin, wallet, private key and etc. also all my important email I already think about this over and over for now. i have wrote all thing on a piece of paper in case something happen to me. i told my wife that all my account on that paper. yeah. everything i write it down on a piece of paper. in hope it can help them someday if something happen to me.
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markleal
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Merit: 13
HODL
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December 26, 2017, 05:45:06 PM |
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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
Hi there udayantha11! You got a point in there. If a man with a bank account dies and no one withdraw his money in the bank until to the point the bank close his account, the money will go directly to the bank. In the case of bitcoin, when the bitcoin is stored in an online wallet and the wallet provider notice that the bitcoin is never been touch or no activity from the user for about so many year. I think the wallet company will acquire the bitcoins. And for the lesson, be sure that one of your family or relatives knew that you have bitcoins.
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shacc
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December 26, 2017, 06:15:11 PM |
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Its of course the case where Bitcoin can be lost forever. if your inheritors do not know those keys, there is almost no way they can get your bitcoin.
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kumarcp
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December 26, 2017, 06:17:55 PM |
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If he has given the wallet details to his family then they may use it other ways it will be lost forever
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Sarastiche
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BITCOIN IS THE CURRENCY OF THE GLOBE
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December 26, 2017, 11:13:12 PM |
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In the near future to come, Private Kay and Password will be the inheritance that will be handed over to the next generation,safe in a drive,Presently no one can be trustworthy that you hand over you Prite key to, lot of coina and BTC are lost in the space.Just the way we have unclaimed dividend in IPO same for the crypto world.
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codered000
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Merit: 14
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December 27, 2017, 12:58:44 AM |
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If he stored it in an online wallet, it will be the same case as the banks do. If they noticed that his account have been not active for so many years his money in his account will be acquired by the bank. That's the same with online wallet. But if he's using a hardware wallet and he's the only one who knows his private key then it will be a lost bitcoin forever unless someone gained access to his hardware wallet and cracked his private key.
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Palider
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December 27, 2017, 01:09:37 AM |
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If nobody knows about it then its gone. Might be good to leave it as part of a will.
I agree, you can leave it as part of a will so that it won't be useless. Or, be open to your family, you can trust to them you're btc account or else your btc will be gone in just a snap. Another idea comes to my mind is to add a feature on bitcoin that allows us to add a contact person which automatically received a message whenever the bitcoin account was not accessed in a month or 2.
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lionheart89
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December 27, 2017, 01:17:41 AM |
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if nobody knows the address and it's bitcoin keywords then it will disappear. so it'smimportant for us to tell Bitcoin addresses and keywords to people we trust.
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ethereumhunter
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December 27, 2017, 01:18:58 AM |
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If nobody knows about it then its gone. Might be good to leave it as part of a will.
I agree, you can leave it as part of a will so that it won't be useless. Or, be open to your family, you can trust to them you're btc account or else your btc will be gone in just a snap. Another idea comes to my mind is to add a feature on bitcoin that allows us to add a contact person which automatically received a message whenever the bitcoin account was not accessed in a month or 2. although it is difficult to give trust to other people, it is for our own good and this is our family. we should take care of them and make sure that our family can stay alive and survive. if we can share what we have especially we can tell to them that we have bitcoin and we teach them how to use it then I think it will be good for us if someday before we died, we can give our bitcoin as the legacy so they can continue what we start.
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tobatz23
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December 27, 2017, 01:29:33 AM |
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If the bitcoin holder dies, of course his bitcoin will be useless, unless if he/ she shared and handed over his MEW wallet and private key to any member of his family before dying..
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kokoko77
Jr. Member
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December 31, 2017, 01:23:19 PM |
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These Bitcoins are going to lost permanently. If lots of them will lost , Then BTC's value will chane by the time. I think it is the most complicated thing in this business.
What will hapen if market lost of its high?
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HeroicZ1
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December 31, 2017, 01:25:10 PM |
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It would typically mean that there is less supply circulating which would help increase demand.
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btcprospecter
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★777Coin.com★ Fun BTC Casino!
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December 31, 2017, 01:37:23 PM |
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Without the keys then they would be lost forever. I think it is becoming ever more wiser to include your crypto currencies in a will or have other people trusted and close to you knowing how to access them if something was to happen.
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thebanker28
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December 31, 2017, 02:33:01 PM |
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There is no way to know for sure, but I suspect that there is a lot of Bitcoin locked-up / lost this way - also people just losing access to private keys etc. It is not the easiest thing to leave Bitcoin in a will because you would need a trusted lawyer not to "disappear" the funds.
I suspect there are good solutions available for this in the community
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