Post
Topic
Board Bitcoin Discussion
Re: What happens if we die?
by
frendsento
on 30/07/2017, 02:15:44 UTC
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?
Without the private key it's  impossible to recover the lost bitcoins so to answer your question then yes , The currency was gone forever , That's why it was very important to share your private key to some trusted family members to make sure that your hard earned bitcoins when somethings bad happen (Hopefully not ) will still be useful at least for your family member Smiley