This is why I believe bitcoin will crush in the distant future

[BlackHatCoiner]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

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[mk4]

Let's not forget that bitcoin is highly divisible, and can be more divisible through layer 2 solutions. Lost bitcoin only helps the scarcity part of bitcoin. Unless 95% of the population suddenly dies without being able to hand over the bitcoin to their families, it will be quite farfetched to think that this will be a problem any time in our lifetimes.

[BlackHatCoiner]

Let's not forget that bitcoin is highly divisible, and can be more divisible through layer 2 solutions. Lost bitcoin only helps the scarcity part of bitcoin. Unless 95% of the population suddenly dies without being able to hand over the bitcoin to their families, it will be quite farfetched to think that this will be a problem any time in our lifetimes.

I didn't said it's the greatest possibility. But some bitcoins from few owners will get lost in the future. And I mentioned, overtime. Not tomorrow or next year.

Distant Future

[Yogee]

There are claims that quantum computers can recover the "lost" bitcoins. It's not available yet but they will probably become ready before 95% bitcoiners die with their private keys.

[BlackHatCoiner]

There are claims that quantum computers can recover the "lost" bitcoins. It's not available yet but they will probably become ready before 95% bitcoiners die with their private keys.

If quantum computers can do that then we're in big trouble.

[mk4]

I didn't said it's the greatest possibility. But some bitcoins from few owners will get lost in the future. And I mentioned, overtime. Not tomorrow or next year.

Distant Future

If we're going to think of this being a problem, then probably in the far distant future. It's one of those things that is just too far in the future that I don't really think we should be keeping mind of it today. It's like being worried over the death of the sun. Farfetched I know, but you get what I mean.

And let's not forget that some smart dude might think of a clever way of having a bitcoin inheritance without sacrificing self-custody.

If quantum computers can do that then we're in big trouble.

True. But if people can use quantum computers, we're going to have BIGGER problems than problems concerning bitcoin.

[20kevin20]

If I die and had all my cash placed somewhere very safe, there's a chance nobody'll ever find it again or even know that I had it. So what's the difference between that and someone who dies without letting anyone know about their privkeys/passwords, marking their BTC as lost?

If quantum computers can do that then we're in big trouble.

I'm quite sure there's a plan for that scenario. Before quantum computers become commercially available, Bitcoin will be strong enough to counter their power.

If that's what scares you, just imagine what technology they could use against it considering the intel has tech like decades before we do.

[BlackHatCoiner]

If I die and had all my cash placed somewhere very safe, there's a chance nobody'll ever find it again or even know that I had it. So what's the difference between that and someone who dies without letting anyone know about their privkeys/passwords, marking their BTC as lost?

There is no difference. But bitcoins are 21M and if bitcoins are getting lost overtime then there will be less in the future (like 100 years later)

True. But if people can use quantum computers, we're going to have BIGGER problems than problems concerning bitcoin.

Like?

[stompix]

So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

https://en.bitcoin.it/wiki/Weaknesses#Probably_not_a_problem

Bitcoin has 2.1 quadrillion raw units, making up 8 decimals of BTC precision, so the entire network could potentially operate on much less than the full quantity of Bitcoins. If deflation gets to the point where transactions of more than 10 BTC are unheard of, clients can just switch to another unit so that, for example, it shows 10 mBTC rather than 0.01 BTC.

The maximum number of raw units might not be enough if the entire world starts using BTC, but it would not be too difficult to increase precision in that case. The transaction format and version number would be scheduled to change at some particular block number after a year or two, and everyone would have to update by then.

Or, quoting the guy that designed it:

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

And I mentioned, overtime. Not tomorrow or next year. Distant Future

The sun will burn out in 5-8 billion years, you should start preparing for it.  

[20kevin20]

There is no difference. But bitcoins are 21M and if bitcoins are getting lost overtime then there will be less in the future (like 100 years later)

And that makes it a donation to everyone, as Satoshi himself said. Less BTC = scarcer BTC = higher price if the demand and interest will still be there.

Gold is lost too, just imagine how much gold has been lost in the past 2000 years that is sitting right now underground.

Like?

A today's website security would be nothing right now if quantum computers would be commercial starting from tomorrow. Just imagine having 50 quantum computers and trying to penetrate websites with high-grade security. A lot of damage could be done.

Before they become commercial, we'll adapt to them.

[hugeblack]

I don’t know what drives you to make such an assumption, awareness about Bitcoin will increase, and therefore many people will learn how to inherit these currencies if they die.

But let's assume the worst scenario, which is that people lose their currencies, do not forget that we not only have 21 million Bitcoins but:
100,000,000 Satoshi =1 bitcoin so you have about 2,099,999,997,690,000 satoshis


The vast majority of these coins are under the management of platforms or whales, and therefore they have enough capacity to protect their funds and transfer them safely in the event of their death.
Also, mining will continue for several years, and thus more currencies will be produced. This problem will not appear until after hundreds of years, "then most of us will not be alive."
Satoshi Nakamoto - "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."


Do not forget that lost currencies cannot be verified as missing.

[Yogee]

There are claims that quantum computers can recover the "lost" bitcoins. It's not available yet but they will probably become ready before 95% bitcoiners die with their private keys.

If quantum computers can do that then we're in big trouble.

Maybe, maybe not. We are not even sure if bitcoin will still be used before the last satoshi is mined. Who knows what crazy technology the next generation of computer and math geeks will develop in the next century. They can come up with a far more superior DLT that will prompt people to leave the bitcoin blockchain.

[sunsilk]

You misunderstood the concept when someone has lost his bitcoins forever. It will actually help to make the remaining bitcoins rare because the supply is lesser.

And that means, a higher price for bitcoin.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

Hal managed to pass his bitcoins to his children.

Those discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they're safe enough. I'm comfortable with my legacy.

[BlackHatCoiner]

You misunderstood the concept when someone has lost his bitcoins forever. It will actually help to make the remaining bitcoins rare because the supply is lesser.

And that means, a higher price for bitcoin.

Hmm, I smell an incredible price-jump in the future 

[desticy]

You misunderstood the concept when someone has lost his bitcoins forever. It will actually help to make the remaining bitcoins rare because the supply is lesser.

And that means, a higher price for bitcoin.

All right. The fewer bitcoins circulating in the world, the higher the demand for them and, accordingly, the higher the price.
Obviously, over time, bitcoins will become smaller due to the fact that people will lose access to their private wallets or, as you said, in the event of death.

However, most of the people will surely be safe for this case, especially exchanges that own a huge number of bitcoins.
The bitcoin deficit will increase in a natural way, which will make this asset especially desirable.

I am sure there will be many more forks on this subject.

[sunsilk]

You misunderstood the concept when someone has lost his bitcoins forever. It will actually help to make the remaining bitcoins rare because the supply is lesser.

And that means, a higher price for bitcoin.

Hmm, I smell an incredible price-jump in the future  

Yes, and that is the reason why everyone is saying HODL. Save as much as you can, we just went through the halving and the cycle after that is common for most bitcoin holders. But if you have no idea, check the history of the 2 halvings on 2012 and 2016.

All right. The fewer bitcoins circulating in the world, the higher the demand for them and, accordingly, the higher the price.
Obviously, over time, bitcoins will become smaller due to the fact that people will lose access to their private wallets or, as you said, in the event of death.

However, most of the people will surely be safe for this case, especially exchanges that own a huge number of bitcoins.
The bitcoin deficit will increase in a natural way, which will make this asset especially desirable.

I am sure there will be many more forks on this subject.

In case of death, I think we have our own plans of how we will introduce our private keys to our parents, children or immediate relatives. But, I'm not thinking of that, don't think of it so that we won't have worries in our minds which might be the actual reason why we'll be in stress.

[Lucius]

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

Exactly the opposite from what you think, the fewer available Bitcoins on the market, the higher their price will be, assuming that there is a demand in the future. Probably today's price is also a result of the fact that maybe several million Bitcoins were lost in the first few years when people didn’t believe too much that the whole thing would literally explode a few years later. Yet I believe that people have become much more cautious especially after 2017, and that some new losses will not be as dramatic as in the past.

In addition, some argue that there are ways that the lost coins can be recovered - truth or myth, judge for yourself

[Ucy]

Well, Bitcoin is programmable. It should be possible to build a well decentralized and efficient applications ontop of it to solve the inheritance problem.
In regards to lost coins making bitcoin lower... that also makes the supply less which in turn increases its price.  Satoshi said something in this regard:

"Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone." https://bitcointalk.org/index.php?topic=198.msg1647#msg1647

[joinfree]

Lol, I thought you are even going to make reference to the high power consumption and the amount of resources miners need in order to continue their operations because that's a problem that is likely going to disrupt bitcoin inn future but not destroy it. I sometimes think that going forward some miners might fall out if mining difficulty increases and the price of bitcoin at those times are not worth taking care of their expenses but what you are saying is really far fetched.

[taufik123]

I don’t know what drives you to make such an assumption, awareness about Bitcoin will increase, and therefore many people will learn how to inherit these currencies if they die.-snip-

This is a relevant answer to responding about the future of bitcoin which will disappear when bitcoin owners die. Awareness will increase even more when bitcoin becomes a valuable digital currency. Having lots of bitcoin will make someone more careful and make plans for his future when he is dead. The bitcoin heir that he left behind will be held by someone who has the rights to the private key to access the bitcoin he has. This is very important, making a will for bitcoin holders in the future.

[serjent05]

Let's not forget that bitcoin is highly divisible, and can be more divisible through layer 2 solutions. Lost bitcoin only helps the scarcity part of bitcoin. Unless 95% of the population suddenly dies without being able to hand over the bitcoin to their families, it will be quite farfetched to think that this will be a problem any time in our lifetimes.

I didn't said it's the greatest possibility. But some bitcoins from few owners will get lost in the future. And I mentioned, overtime. Not tomorrow or next year.

Distant Future

Scarcity, if you know this term.  Taking a positive thought, it might probably skyrocket in price.  In accordance with the law of supply and demand, people losing BTC means BTC getting scarce.  As time goes by people will be educated about how precious Bitcoin is and they will, for sure, take an action to take care of them.  That includes making sure that when they die, there is a complete instruction on how to retrieve their BTC that can be pass to their children or grandchildren. Just ask yourself if you have a million-dollar item, won't you make documentation on how you will pass that item to your children?

[hahay]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

No, do you think if you have a lot of bitcoin then you will only manage it yourself? I do not think so. Because when you own and store lots and lots of bitcoin, at least you will manage it with the closest people or those who are very close and so that bitcoin will still be used and will not be easily destroyed.

[thesmallgod]

I believe this has been discussed extensively within and outside the bitcointalk and many people have lend their own view about keeping bitcoin as an asset. Just like properties are being willed for families and friends, it is also important that anyone with huge amount of cryptocurrencies should print their private key and wallet information on paper and keep it as part of document with the lawyer just like other documents such as land, cars, houses. This will make it possible for the cryptocurrency to be successfully be assessed after the owner died.

[Sanugarid]

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

Exactly the opposite from what you think, the fewer available Bitcoins on the market, the higher their price will be, assuming that there is a demand in the future. Probably today's price is also a result of the fact that maybe several million Bitcoins were lost in the first few years when people didn’t believe too much that the whole thing would literally explode a few years later. Yet I believe that people have become much more cautious especially after 2017, and that some new losses will not be as dramatic as in the past.

It only serves a purpose for bitcoins that is left when some of it were going to be missing and lost, that only means that these lost coins are going to be the foundation a price stability that we are looking for bitcoin to be a widely accepted currency in the future, wouldn't the OP be glad about it? We've already lost millions of bitcoins, thus it helps the scarcity of bitcoin which will pave the road for bitcoin in you distant future

In addition, some argue that there are ways that the lost coins can be recovered - truth or myth, judge for yourself

If it happens that lost bitcoin can be recovered by his ways then I'm quitting. If there's a way to break into bitcoin's security then it's futile to use it right?

This is kinda off the topic @Lucius  but I love your avatar, I'm fond of her beauty.

[DoublerHunter]

~snip~

That's a possibility because some people don't let their loved ones aware of their crypto investment, so there is a high chance that many btc will be lost due to this negligence, maybe soon many people will realize this and make preparations towards such things, make it as part of a will that can be given to the bearer or next of kin, well I guess you raise a valid point @op

^ Definitely right, since it is still in a distant future, bitcoiners may somehow evolve on their treatment on their BTC as inheritance people change as the environment does both sides keep on adapting to each change in order to survive. I must agree to you if 95% of bitcoiners die without giving their private keys to someone then we will lose a portion of 21 million bitcoins on the other hand your thread awakens the mind of those who were able to read this and might begin to find a solution. However, during the years back then when banks don't exist yet people find a way on how they can save their money or treasures that they can leave to their children when they passed away by putting their coins in a coin bank or in a treasure chest but they leave maps on how to find it and because most of the time it went to the wrong hand so that could be a reason why banking was made which could also happen to bitcoin that through time people will still be able to find ways on how to secure the turn over of BTC to the right one who will inherit it. Nevertheless, this might only be conjecture but at the end of the day, 95% of bitcoiners that will die together with their private key is also a surmising idea.

[lobat999]

In case of death, I think we have our own plans of how we will introduce our private keys to our parents, children or immediate relatives.

You are right! I bet most BTC hodlers have a plan on how to convey their digital assets to their intended beneficiaries when the time comes. As a matter of fact, there are services and mechanisms that caters to these kinds of needs from these hodlers and at the same time, other digital assets have also plans to set up infrastructures to mitigate these kind of situation.

I did found an article that could enlighten us more about this matter.

Bitcoin Firms Report Uptick in Demand for Inheritance Services

So in essence, I disagree with OP's idea of BTC being crushed in the future on the premise of mishandled private keys alone. Imho.

[LbtalkL]

Worst case scenario If that will happen I am imagining it in a different way. Let's say lots of bitcoin are lost what do you think will happen? The circulating supply will decrease. Technically, if that happens the bitcoin price will increase if there is limited bitcoin supply that applies to everything a product in the market if there are few supplies the seller will sell at a high price. But if I will have a kid in the future I will educate them about blockchain and hardware wallets and I am working with that with my little brother now.

[Kelvinid]

It seems to be possible and yet we all dying for an instance but could we think that Bitcoin will die also together with us? Not, of course.
100 years, 1000 years, or more to come before we can experience too much scarcity because of the growing numbers of lost Bitcoin but does not mean that it totally brings Bitcoin to nothing instead, it becomes more valuable as it has today.

If that thing gives you worried and makes you not to invest Bitcoin, better have to leave that kind of thinking because it only bothering you. Bitcoin and crypto won't die for that reason alone. Or, if ever you have Bitcoins in your wallet this time, you start giving your wallets keys into your family maybe it could save you from this.

[Oilacris]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

Come to think that there were 21M total supply of Bitcoin and the last block would be mined do happen in year 2100+ as far as i remember which means

it would still exist ahead of our lifetime since not all bitcoins were mined.There are indeed lots of coins even at this moment is already lost or in void
or we wouldnt know if there are just dormant for this time and would suddenly wake up if the price rose up in a particular level.
We do have all the rights on what we believe on because this had been always a speculative market and we know that nothing to last forever but
one thing would be assured if bitcoins demand would be either constant or even way more higher in the future then the crash you do say
will unlikely to happen.It all varies with the demand

[BuNga_cute]

I strongly agree that in the future bitcoin will eventually disappear. Because many people do not inherit bitcoin, including me
right now who know my private key only me. Maybe the solution so that bitcoin can be inherited, from now on we save it
private key that is easily found by our immediate family. But if doing that is also a big risk, it's likely that our bitcoin stolen
can happen. When talking about the future of bitcoin it will never end.

[lobat999]

I strongly agree that in the future bitcoin will eventually disappear. Because many people do not inherit bitcoin, including me
right now who know my private key only me. Maybe the solution so that bitcoin can be inherited, from now on we save it
private key that is easily found by our immediate family.

I think you must have overlooked previous posts which have pointed out remedies to this situation. Particularly, here is an interesting article that tackles that issue.

Bitcoin Firms Report Uptick in Demand for Inheritance Services

[pixie85]

I strongly agree that in the future bitcoin will eventually disappear. Because many people do not inherit bitcoin, including me
right now who know my private key only me.

Others have debunked this myth already.

Even if half of all Bitcoins in circulation become lost you'll only have to divide the remaining by 2 and treat 0.5 BTC like you used to treat 1. THis is also good news to all holders because their coins will become twice as valuable.

If we look at a very distant future, like 100 years from now, it's possible there will be too few coins in circulation for it to be used as a currency but it will still function as a store of value.
 
Also 100 years from now we won't care anymore because we'll all be dead.  

[hatshepsut93]

Millions of coins were lost because at the time Bitcoin wasn't worth much so no one cared if they lost a few bucks. Now that Bitcoin is worth thousands of dollars, the rate of loss is much lower than before. At current speed it will take millions of years until this will become a problem. It's like worrying that your gold bar will turn into lead due to background radiation or something - totally not a problem on a timescale that humans operate.

[TheUltraElite]

Meh, when someone is holding crypto as an investment they are not doing it without knowing it. Most of them will have a method to tell their next generation about what to do with those assets in case of their demise which is obviously going to happen one day. Not doing so or not taking such precautions means that user is being careless with their money.

Also lost coins only make the value of the circulating coins more because those coins are never going to be recovered and thus are equivalent to have been lost from the 21mil total.

Again the OP seems to be stuck on to the "future apocalypse" things, but point is that precautions should be taken to pass on the coins. There are loads of problems everywhere, being nihilistic about them is not the solution but by working out the solution and keeping the delusional thoughts out.

[danherbias07]

Who knows? Will you believe in a quack if he or she tells your future?
I guess not.

About the lost bitcoin, it doesn't matter.
That means less bitcoin in the market and then a large value for just a little amount of it.
Satoshis will be worth something in the future. That is what I see.

For those who have lost it, it's their fault for not backing it up. A lot of options had been created for security and preservation already.
They should have read those before even buying bitcoin.

[Lucius]

In addition, some argue that there are ways that the lost coins can be recovered - truth or myth, judge for yourself

If it happens that lost bitcoin can be recovered by his ways then I'm quitting. If there's a way to break into bitcoin's security then it's futile to use it right?

I’m not technically savvy enough to see if it’s possible to do something like that, but the whole thing is actually based on luck and the power of mining chips this user is using for his treasure hunter device. The specific case is focused only on wallets up to 2012 and on Legacy addresses, but it definitely wouldn’t look good if it’s really feasible.

This is kinda off the topic @Lucius  but I love your avatar, I'm fond of her beauty.

I share your opinion about MM, and since I'm a big fan of her character and the movies she's acted in, this was just a small token of attention in her honor on the occasion of her birthday.

[Janation]

I think this will be lost.

I can't remember well but Satoshi Nakamoto said something about this, having a lot of lost Bitcoin as a gift. We all know that there is no way that these Bitcoins will be recovered, this means that the circulating cryptocurrencies are being decreased, right? So the price of Bitcoin has a higher possibility to skyrocket. It will increase the demand for it with that lost coins.

[Gozie51]

But if I will have a kid in the future I will educate them about blockchain and hardware wallets and I am working with that with my little brother now.

This is a better way to go instead of bothering ourselves when we are no more. Lost bitcoin means no access to its privacy and that can only lead to increase in price because of scarcity but the number gets limited. This is even dangerous when it keeps reducing as a result of not disclosing codes.

[btccoffee]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

Most of bitcoin holder are already aware of that so i think thats not realy a big deal for them, simply because they already prepare there key and hard wallet in a very safe place and maybe some notes to help there family recover the traesure they had in case they accidentaly die.

[kryptqnick]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

I don't think this alone is enough to crash BTC. First, many are already thinking of inheritance options. My spouse and I share all the assets, so we know each other's passwords and private keys. If one doesn't want to tell just yet, one can arrange a postponed Telegram message or something like that to share the keys in a distant future. Then there's also Locktime (check out this thread). Finally, I believe I've recently seen a company that offers to give BTC to them for storage and make arrangements for the event of death. But it's an intermediary and the keys don't belong to the person (I think it was something about China recognizing BTC inheritance). To sum up, there are plenty of ways to ensure that the BTC of people who die doesn't get lost forever.

[Mpamaegbu]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

Your argument contradicts your intention, I believe. Lost Bitcoin (for whatever reasons) will only help to further cause its scarcity and scarcity will result in price going up. It's like when tokens get burnt. Of course, we always see price go up once tokens are burnt. But be that as it may, if Bitcoin crashes the whole crypto industry will crash too.

BTW, OP you may want to edit crush, in your title to crash.

[billykannithi]

The total cap of BTC is 21,000,000 BTC, many BTC in it never transfer or deposit in any exchange because lost. I think this adds to the value of bitcoin rather than impacting Bitcoin's blockchain system because Bitcoin's Blockchain Network works thanks to the computer system that validates transactions.

[ene1980]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

It is not a big disadvantage as you are thinking, if you are having an offshore bank account and if none of your family members knew about it, then your family members are not going to get anything. If you are having family members and you think you want to share your personal financial details you can do that even now with bitcoin or with any hidden financial assets. Just find a lawyer and have a trust fund that can be used after you die. The market is new and millions of coins are lost but things keep changing, now a days no one will be careless enough to loose their coins.

[Timmzzy]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

This is like trying to spread FUD, now have been hearing of all this Bitcoin will crash bitcoin will crash, I been into crypto-currency for the past 3 years now it's still making people richer and bigger stop having this imagination of if a Bitcoiner dies without giving his private key to any member of his family that bitcoin will be lower and lower. He dies so be it all his earnings in life is gone by the way I don't think in this present and up coming generations that no one will lack this knowledge of giving his will to the family in case some day he dies.

[retnoanjani]

--
Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

Why not?
if we realize the potential and advantages of bitcoin, then we should prepare everything well. If possible, especially when you have lots of BTC in your wallet, you should take notes or at least notify the people closest to you, for example, your wife/husband/parents, who you can take to learn about cryptocurrency. As my husband and I work together to make money in the crypto world, we share everything including passwords and private keys, take notes, and store documents in a safe place that we can both access.
This is just a small problem I think, besides the potential and popularity of bitcoin that continues to increase, many people will be more concerned about their bitcoin.

[Zemomtum]

But it is not possible for everybody that owns Bitcoin to die at once, so how will the crush come in distance-time? The more it scarce, the higher the price becomes. If any whale does not find it easier to do documentation of their holdings, it is then good for hodlers

[Debonaire217]

This is somehow to broad to speculate such things to happen. IMO, in the first place not all people will die at the same time, second, not all bitcoin users hodl, most of them are transacting every day, this means that bitcoin is circulating. I want to ask if the bitcoins of the people are stored in exchanges in a sense that they don't have the private keys for themselves if they die, would the system figure it out? Will it be inherited by the family members of the person? I think not, and if that system could do that kind of thing, that proves that they really aren't trustworthy as they have the capability to move your funds and take it out of your authority.

[yazher]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

This has been discussed before and many holders have come up with a new idea on how they will successfully pass their crypto assets to their loved ones. You won't really need to explain them in a complicated way because with the lots of information they can find in the internet, they will not be having a hard time decoding your last will regarding your crypto assets. just provide them with basic information and some dos and don't stuff.

[Tahsin Kabir Kollol]

You have a reason for thinking about this. But people are very aware of the present time. And Bitcoin is a much more important thing to people than in the past. People have chosen Bitcoin as a source of livelihood and They use it very consciously. Those with many Bitcoins can save it for their family. Anything can happen in our life so we should be prepared and save our assets for the family. Yet if some Bitcoins are accidentally destroyed, it adds to bitcoin prices. Which makes it more acceptable to people and also make people more careful. We must trust someone from within the family and we have to tell him or her how he/she can get those Bitcoins after our death.

[GDragon]

Bitcoiners keep their coins in a private key. This has a disadvantage. Let's assume that someone with 1000BTC dies. If he hadn't given the wallet to someone then his bitcoins are lost. So in the distant future that lots of bitcoiners will be dead and they won't have given their private keys to others, many bitcoins will be lost. So the available bitcoins will be lower and lower overtime.

Bitcoin is not like a bank meaning that cannot be used as inheritance. So will it live only on our era? Will it be lost in the future?

A point but I still think it will never be a problem in the distant future, lost coin will make the remaining coins higher in price. Scarcity. A lot of people already think about that honestly. They already have a plan on how they can properly transfer their coins to someone whenever they die. So their coin will never be lose. I think this will be a a problem if the people will be swipe in a blink of an eye. Thanos? Lol.

[fiulpro]

Okay few things I would like to point out here :

1. Won't it be more like a long term Holding situation for them ? If they cannot take the Bitcoins out of the wallet and it stays there , then one should understand it would not affect the Bitcoins that much since the percentage of that happening is really low.

2. I have heard about people who are willing to take care of the Inheritance pattern of Bitcoins and such . You can even leave the keys to your trusted lawyer or attorney.

https://keys.casa/bitcoin-inheritance-plan/

I in now way have used these services and have only pasted the url to give you guys an example of the services which can be used by someone who holds a certain amount of Bitcoins which can be passed on .

- Plus if you do read the news one can actually see there are Bitcoin firms who are thinking of doing something like this , since many people are asking for these kinds of services.

In the near future we will have a good company or firm looking into it.

At the same time in most countries Bitcoins is considered as an asset therefore it would be actually easy for the services to pass on the asset , it's not anymore just a cryptocurrency , it is now an *asset* .

Therefore I do believe that in the near future we will be able to go through this easily.

[josephsonand]

This is an interesting question, but similar aspects have already been taken into account by many BTC owners. You can simply transfer everything you need to access the wallet to your heir.