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

[xxToaDxx]

Unlike retirement funds or perhaps savings accounts, nobody has to recognize that you simply own them, or what proportion you have got in them or so a way to access them while not you. Bitcoin provides a safeguarded house for the shop of wealth which will be unbroken secret from everybody.It is one in every of the engaging options of Bitcoin for a few, however it additionally implies that it's only too simple to require a fortune of digital currency to the grave

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[poletando]

as i know yes, if somebody hold 1 bitcoin in their address and if he / she died their bitcoin will gone and it can't distributed or ttransfered to another people forever till the bitcoin gone in this world, it can't open how far you try to open it, it will stuck in their address forever

[dubinsky]

I think the coin left by the owner will remain in the market. Coins may move to another wallet's address, if in life (the previous owner) once kept a coin on an exchange site that allowed hackers to steal them.

[melekseverce]

[–]Lexarius 17 puan 1 yıl önce
The standardish way to do it is to give your estate lawyer part of your key(s). The other part, you either give directly to the intended party, or put it in a safe that they will have access to after your death.

The more entertaining way is to be a fabulously rich eccentric, spread parts of the keys and hints about them around the world, and then have your estate lawyer announce the first hints at the reading of your will, with whoever can get the keys first legally inheriting the contents.

[Lintel]

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 deduct on the supply of bitcoin but because there is also fork it might change. but the bitcoin that was in the wallet of the dead person will stay in there forever if no one can open it because of one knew the private key of his wallet.  it cannot be transferred  as the only way hos family to have an access with it is through his private key.

[Kotone]

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?

Well, I think yes, unless he showed to another person or let know via his will or whatever what is the pssword or how to access the bitcoin then that would mean that bitcoin would not be lost. However if otherwise then I do believe that that part of bitcoin will be lost forever unless in the future we can find or devise and invent a way or method to scoop up lying bitcoin wallets filled with the bitcoin of those people long gone then that would be amazing

[OlegK41]

This is possible, but not necessary. not necessarily that Bitcoin will be lost. Because Bitcoins are stored on purses and on stock exchanges. Relatives of this person who died may know the passwords from those places where Bitcoins were stored. Then they will be able to access them. There is another option. There are such cases when exchanges and wallets hacked swindlers. In this case, Bitcoins may find themselves in them and then continue their story.

[tabas]

I think the coin left by the owner will remain in the market.

It won't be in the market anymore. The owner dies, leaving those coins untouched, it will be gone out of the circulation but the supply will remain as is.

Coins may move to another wallet's address, if in life (the previous owner) once kept a coin on an exchange site that allowed hackers to steal them.

If that's the case, yes those left coins will be back to the market if it's touched or left to an exchange. And if the exchange's management found that there's long period of no activity to that wallet/account, they can take decision.

[andyhooton]

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?

[mkcube]

No it doestn happen that if the bitcoin owner will die the bitcoin also will die,becausethe memory still remain.The access to the internet is still,there were ni changes of death .There are options ,there are such case when exchanges and wallets,they can find a ways.

[terbetet]

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?

If the owner will die, then his Bitcoin holdings will be forbidden forever since he was the only one who has the full access on his earnings. But it can also be possible for someone to bypass it if and only if the owner trusted him all the information needed before he die. Because Bitcoin do offer a real decentralized feature that can only enable the real user to access it, it will be hard for the heirs to know and get the holdings if they do not have a direct access on the account that was leave hanging by the recent owner.

[bce]

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?

of course its value will also follow the development of value at that time must be very harmful if its value as much as it can not be used and stored forever in the wallet

[semes]

Bitcoin never dies. As mentioned in the title, there are no owners anyway. It's impossible to have a bitcoin finish. The decentralized structure is presented for such situations. Something that is not governed by any person or organization will not be lost by the disappearance of one or more persons. There is no decentralization, hard intervention and sanction. Is not Bitcoin forks anyway? If it had a central structure, it would not be fork. The Bitcoin Cash team departs from the main team without making any decisions, leaving their own decisions. They have not been subjected to any sanctions. Bitcoin can only disappear in a way. If someone does not want to own Bitcoin in one day and sellers can not find a buyer then Bitcoin might say that he died. It can not happen in today's conditions.

[mxyzptlkof6th]

Nope, bitcoin will not be lost. Because first of all, there's no owner and second, it is decentralized structure. And we can say that bitcoin will die, if people doesn't want bitcoin and if sellers can't sell and can't find a buyer then we can say then bitcoin will say that he died.

[Msile]

Yes you are right. This is kind of an advantage and disadvantage of bitcoin. Disadvantage that you will lose your coins if you forget its password and advantage for the rest as that amount of coins get reduced from the circulation and thus the selling pressure is reduced. Thats why its very important to always keep your private keys and password safe.

[norachuks]

I have been thinking about  that too and it is not a good one so  i think it is important for at least one trust buddy should have the private key.

[gesdan]

technically no the bitcoin is not lost, the bitcoin still in that wallet and nobody can withdraw that coin forever as long the real owner doesn't give the private key to him / her family. because in bitcoin system there are very secure system, its mean that the bitcoin maker can't give you that private key although you are the family

[KingOfWinterfell01]

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?

That's the most probable thing that could happen if ever people own bitcoinss and then they die. Those bitcoins are lost forever. I think it won't go back to circulation and it will remain in that wallet forever. I hope some company manages to extract dead owner's bitcoins and recirculate it.

[cryptotenoy]

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?

If a certain person would die and his/her families doesn't know about it's private key and password I think it can't be retrieved anymore by anyone who wants to get access with it.It will remain in the wallet  forever if no one can hack it,as times goes by hackers will multiply and as I can see fraudulent acts become more and more popular and hi tech due to different concepts of technology,if we become a holders we make it sure that we will tell those person that can be trusted inorder that they can benefit bitcoins worth in the future if in case there's something that will happen to us.

[Dark_raven007]

Until his wallet is hacked, they will not move, pass to someone. And, of course, the owner will be the one who did it.