boranes
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Change Your Worlds Build a New Era!
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February 14, 2019, 07:15:09 PM |
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I don't want to even think about death and what will be after with my property.
I am sure it would go to my closest family but they will have very hard time to find private keys.
Should I share private keys with my family now? Because I don't think I should.
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Joran_crypto
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March 12, 2019, 07:51:25 AM |
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Before thinking of investing in cryptocuurency, it is important to know what is cryptocurrency? What are the features and the potential of a cryptocurrency in a long term? For that, following their move is equally important. You can’t just rush into any decision. Knowing which cryptocurrency to invest in might prove to be a difficult task for you if you’re not updated on the performance of the cryptos. You can’t make investment decisions based on emotional judgments. There are several metrics used to calculate the best currency to invest in. |
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PuertoLibre
Legendary
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Activity: 1834
Merit: 1003
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March 12, 2019, 07:53:37 AM |
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I don't want to even think about death and what will be after with my property.
I am sure it would go to my closest family but they will have very hard time to find private keys.
Should I share private keys with my family now? Because I don't think I should.
Better keep private keys somewhere safe place that no one has the access to it. If death happens lost bitcoins will not help to anyone. I prefer to give a second key which can open the case private keys are stored to my friends or family. |
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esetop01tryba
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Merit: 1
https://www.empirehotels.io
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March 12, 2019, 08:10:36 AM |
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Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
I think it's logical to leave a legacy to my children because I think their generation will be more progressive in the crypto-currency industry. I even believe that in 40-50 years the cryptocurrency will be used on a par with ordinary money. |
EMPIREHOTELS (EMPC) (https://www.empirehotels.io/) The Future of Hospitality |
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xvids
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March 12, 2019, 08:20:54 AM |
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Well I don't really care about my crypto after I die besides my family could use it,
My wife and brother knows my wallet password and all of the things I have in crypto they also know how to trade so I don't have a problem.
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Thanasis
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March 12, 2019, 08:40:55 AM |
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Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
EVen in banks,if you are failed to submit the required documents then you won't get any of their assets.SO saving in crypto is actually better you need to trust your family member than a third part service like banks.Better to tell by today itself about all your crypto holdings and private keys to access it to your wife or to kids or to your parents. |
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slashz9
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March 12, 2019, 09:11:26 AM |
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of course if only you have the PK there will be no one who can access it, recently there was news that the owner of one of the exchanges had died and investors lost access to their money.
because he only holds PK.
so you can share your PK with someone you know / trust, so there will be no more cases like this.
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chriseasan
Copper Member
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Activity: 224
Merit: 0
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March 12, 2019, 06:22:18 PM |
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I hope we would not need to wait for such a long period of time until crypto currencies will get mass adopted. It is only the matter of time and I believe that this will happen within the next couple of years.
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Joran_crypto
Jr. Member
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Activity: 56
Merit: 1
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March 13, 2019, 11:19:45 AM |
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Over time people will know about cryptocurrency, because many things will later use cryptocurrency, as we see there are still a lot of coins or tokens that are born, and I'm sure the next few years the focus of cryptocurrency is not on new projects, but to maximize the function of an existing coin or token.
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shaheer001
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March 13, 2019, 12:08:09 PM |
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Very good and important question,We must give private keys to our next of kin like wife,son etc to store it in safe place like USB in lock , But also write the key on paper which may also place in safe in lock with next of kin.
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logisticalmother
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Activity: 299
Merit: 10
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March 13, 2019, 12:32:08 PM |
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I think anybody that is holding huge fund in crypto should have next of kin in place because death is inevitable. Therefore I don't see anything wrong in giving out private key to next of kin before death.
indeed we must have a partner to inherit crypto that we have so that if something happens to us like sickness or death so that there is a substitute for crypto that we can rely on when we hold the key to our wallet usually the one who deserves to hold is our close relative, who is still bloodied with us so they can trust it. |
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trudovik
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Activity: 546
Merit: 10
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March 13, 2019, 03:34:03 PM |
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After the death of cryptocurrency, nothing bad will happen, I think that this is generally difficult to create, especially now, when prices are just starting to rise and cryptocurrency is already on TV. I think that everything will be fine and you need to hope for it.
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leetcoiner
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March 14, 2019, 06:55:43 AM |
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After the death of cryptocurrency, nothing bad will happen, I think that this is generally difficult to create, especially now, when prices are just starting to rise and cryptocurrency is already on TV. I think that everything will be fine and you need to hope for it.
Yes, the prices are now very low and you can buy a large amount of crypto. I think this is the best time to invest. |
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wenwen
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March 18, 2019, 04:40:09 PM |
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And what prevents the owner just give your account number and passwords from your financial savings. I don't see any problem with that. But if a person does not have relatives, he can donate this money to any financial Fund or charity. And with the introduction of blockchain in public life it will be much easier to do because the notary services will not be needed.
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mrdeposit
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March 18, 2019, 10:46:44 PM |
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I don't want to even think about death and what will be after with my property.
I am sure it would go to my closest family but they will have very hard time to find private keys.
Should I share private keys with my family now? Because I don't think I should.
I have a friend who knows most of the passwords, and I hope will help me when I die. In this regard you should trust one of the family or relatives. Once you die, there is no place to take this with you. |
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Sarastiche
Member
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Activity: 532
Merit: 10
BITCOIN IS THE CURRENCY OF THE GLOBE
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March 18, 2019, 11:19:47 PM |
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Just like the banking sector if you did not give or will your wallet key to anyone, no one will have access to the portfolio, unlike the banking sector, that your cahs is secure and still yours while you are alive, you must ensure individual that have access to your wallet key can be trust. I believe the CRYPTO sector is still evolving.
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manismanja
Member
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Activity: 518
Merit: 11
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March 18, 2019, 11:25:58 PM |
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Just like the banking sector if you did not give or will your wallet key to anyone, no one will have access to the portfolio, unlike the banking sector, that your cahs is secure and still yours while you are alive, you must ensure individual that have access to your wallet key can be trust. I believe the CRYPTO sector is still evolving.
Of course Crypto will develop and can still provide great benefits if we can manage it well. other than that we must be careful starting from ourselves even though the key wallet access is safe. Crypto isn't dead yet, but he can still grow and develop so we have to be able to manage well so we can get money. |
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Skroojee
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Activity: 434
Merit: 10
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March 18, 2019, 11:28:41 PM |
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Nothing happens to them, they just stay in the wallet forever, or until they invent a quantum computer that can unlock the wallet.
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VanDeinsberg12
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March 18, 2019, 11:53:23 PM |
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Nothing happens to them, they just stay in the wallet forever, or until they invent a quantum computer that can unlock the wallet.
Quantum will not so easy to open it. i guess any SHA already had quantum resistance. you need to understand what the quantum computer is and how it works. I guess it will degrade the SHA that used by crypto right now. |
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wesk1212
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March 20, 2019, 09:22:00 PM |
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Nothing happens to them, they just stay in the wallet forever, or until they invent a quantum computer that can unlock the wallet.
Quantum will not so easy to open it. i guess any SHA already had quantum resistance. you need to understand what the quantum computer is and how it works. I guess it will degrade the SHA that used by crypto right now. I am sure that in the next 10 years, the cryptocurrency market should not be afraid of new computing technologies. The danger is represented by economic methods of market manipulation. |
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