Post
Topic
Board Bitcoin Discussion
Re: What happens if we die?
by
tonyja2017
on 01/07/2018, 01:34:35 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?
I do not think that the Bitcoin number will be lost over time. Because Bitcoin owners will instruct their relatives how to sell or buy Bitcoin after they die. Bitcoin is considered an asset and the holder must have a way to not make that money disappear forever. Grin