Quote from: Naster on July 30, 2017, 02:08:39 AM

Quote from: kidoseagle0312 on July 30, 2017, 01:58:50 AM

Quote from: friends1980 on July 29, 2017, 10:27:21 PM

Nope, this is no existential question (although...). Everybody's talking about "When will Bitcoin die", but what if you die, and your family don't find your key, or don't understand it, or think it's only a useless sheet of paper with some code on it, or simply throw it away... Does this mean the currency's gone forever?

I find the possibility of this event rather realistic (yup I don't believe in eternal life), so that means that someday there might be 21M BTC but only 18M (and counting down...) is left in the market?

I agreed with you,..That is ver much possible to be happen, So I think it is really good to do and needed that we need to teach someone we can trust about our bitcoin savings at least if there's unexpected happen to me there is person knows my private key and password.

Just what I thought. It's just leaving a will when you die, but instead you will give them private key with the instructions how they can retrieve the coins if they dont have any idea what it really is about

Yes, someone you trust should know a password to the documents or databases holding your private keys together with a short description what Bitcoin is and how to access and sell it. If noone knows about your bitcoins, they are lost when you die until some geeks someday brute force the private key.