If bitcoin owner die. It means bitcoin also lost forever?

[Jashhh]

It should be written in their Will. Their testiment. But how does one access that account? Maybe if you send proof of the death to the exchange staff/wallet team, along with a written Testiment or Will, they might help you distribute it to that person? Or give it to them in cash while the organization sells it?

Should be settles somehow in the coming years how this should work.

[coinsocieties]

NO, in corporation the death of the owner or any stock holders will not affects the existence of the company; so nothing to worry about when the owner dies.
There will be bitcoin that will happy to serve you no matter what happens.

I think you dont get the main question in there. As we talking about the lose bitcoin that no one can recover there own bitcoin.

As i see in some comment here that they said if some one holding the bitcoin in some wallet then the company of the bitcoin wallet they will resume that bitcoin and open it again.

[Potatohead]

I just got this question in my mind. What will happen if no one knows about the pasword of his/her acount will it posibly deduct to the main supply of bitcoin? Example bitcoin was 21million supply and one man got 1 million bitcoin he was holding and suddenly he died no one can open his wallet is it posible that the remaining 20 million bitcoin forever?

Yes, it will. When a bitcoin owner dies and no other people has an access to his/her online or hard wallet, the bitcoin in that wallet will be there forever, and there's no way for other's to get those bitcoin. It will lessen the number of bitcoin in circulation. So, if you have a lot of bitcoin, make sure to let someone you trust the most, know how to access your wallet.

[coinsocieties]

It should be written in their Will. Their testiment. But how does one access that account? Maybe if you send proof of the death to the exchange staff/wallet team, along with a written Testiment or Will, they might help you distribute it to that person? Or give it to them in cash while the organization sells it?

Should be settles somehow in the coming years how this should work.

My question is if NO ONE REALY KNOW ABOUT THE ACOUNT then the coin that holding by this person then the bitcoin that stock on that wallet will be deducted to the main total supply of bitcoin.

[derigop]

Yes. It is, if the bitcoin owner died the bitcoin will not be moved unless some relatives proves that he or she are qualified to inherit the bitcoin owner's wallet.

[Fakhri1907]

Yes, the total supply will be reduced. If that really happens, you just can only hope that someone or maybe you can find the lost priv key wallet XD

[Glutius]

Most likely, these bitcoins will be lost to the market. But many people do not care where they store information about passwords - on their personal computer or in a paper notebook, and heirs of property can fully master this information and gain access to bitcoins.

[maltize]

Yes, if a person dies and does not leave any access to his purses, these bitcoins will be permanently blocked for general access. Therefore, each of us must take this moment into account, because life is unpredictable. It is necessary to teach at least one of your family members to handle bitcoin, explain the mechanisms of its action and tell you where to get access to wallets in case of trouble.

[udivkx]

If no one has access to this wallet and does not know how to enter it - yes, these bitcoins will never enter the market again. Unfortunately.

[coinsocieties]

It is for this reason that I try to keep passwords and logins from all my accounts and purses in a separate folder of the computer, which can only be accessed in an emergency situation. Of course, we all are going to live long, but we need to be ready for anything.

I was also keeping my paswords and private keys in some safe place that no one can see this but i already told this to some one i love. But i did not told them that this is about money i just simply told them that this is something very very important to me and someday it can help us all with this.

[Kodok Bencot]

If she/he does not give a message to others then the bitcoin he has will disappear, it is important that we must provide important information to the family so that if we die it can be useful.

[Gargo]

It is for this reason that I try to keep passwords and logins from all my accounts and purses in a separate folder of the computer, which can only be accessed in an emergency situation. Of course, we all are going to live long, but we need to be ready for anything.

I was also keeping my paswords and private keys in some safe place that no one can see this but i already told this to some one i love. But i did not told them that this is about money i just simply told them that this is something very very important to me and someday it can help us all with this.

Exactly. It is good to tell someone who is trusted about the existence of such a folder in a safe place. As a result, someone will be able to use them in an emergency.

[Gogochen]

If no one is in possession of this private key, it does not mean that the bitcoins will be lost.
but they will never be moved to other account,just in this account.

[jonemil24]

If it's in a paper wallet, it has a slight chance to be recovered by a random dude, if and only if the holder of that paper wallet used his private key once and some bitcoins are still left in it.

All lost bitcoins may not contribute to the circulating supply, but it's still part of the maximum supply.

On my first statement; this is how I see paper wallets work, that's why many people tells us not to use it more than once when sending it to a receiver.

[warning_btc]

If he store somewhere their private keys, you can get inheritance.

[Xester]

If no one is in possession of this private key, it does not mean that the bitcoins will be lost.
but they will never be moved to other account,just in this account.

It is not lost but it is like that also.  Because if no one knows his private keys, passwrlord or email.  It is lost because no one can get it and there is no way to get it.  No one will benefit that bitcoin since no one knew about the private key.  It is always better to write it in a notebook or have someone knew about it.

[Watanabe1505_]

It's really if he/she wouldn't leave private key to anyone to access the wallet and there is no way to break the wallet so far. It means that there is only the remain of circulating supply to be existing in the network afterwards.

[Lannie25]

No, actually the government has a law from this incase this scenario happen to every people.
The value of bitcoin who have will remain to your possession. Once you die your heirs can owned it by filing a petition in a court to get the things that they will inherit and make this things in their possession.

[pri3oner]

It will be useful if somebody invent the testament function in these cases. Or self destruction after concrete quantity of days/ course or smth like that.

[InahC]

Yes, unless the private key is shared.
You can't move or transfer it without knowing the private key.
So if unfortunately it wasn't shared, the bitcoin and the owner will be in peace forever.