Quote from: foggyb on May 07, 2024, 08:39:17 PM

Quote from: Swayz on May 07, 2024, 06:52:09 PM

I was browsing the old web about bitcoin because reading old forums on bitcoin is so fascinating to me. Thats how i just found this platform. I was reading through conversation from 2011 and seeing people just throw around bitcoin not knowing its future value just blows my mind. I wonder where these people are today. I was searching up some of the wallets and it seems like most of the people emptied there wallets by 2012 probably during some of the first pumps. I also came across many old users that still have around like $50,000,000 in their wallets still but havent been active for years. I wonder if these wallets are abandoned. Man this blows my mind its like being in a time machine.

There are many stories of wealthy bitcoin elite who have passed away. These deceased crypto holders, and those who forgot or lost their wallets are an interesting deflationary feature of bitcoin.

Imagine how much inherited crypto will be lost to the ages, and much that will lift the value of existing coin.

If we look at the past, many people who owned bitcoin eventually died and couldn't access it anymore, maybe we can understand this because in the early days of bitcoin, no one thought that bitcoin could be what it is today, it's just that some people believed in bitcoin as future assets. I often read on social media people's experiences at that time when it was so easy to get bitcoin, for example from a faucet, but quite a few of them ended up forgetting the Seed Phrase which meant they couldn't access it anymore.

However, as time goes by, we realize how important it is for us to pass on our Phase Seed to our wife or children so that when things happen that we don't want, our assets can still be accessed. So the lesson we can take from people in the past is that passing on bitcoin assets to their family is indeed important. but before inheriting we must first educate ourselves about bitcoin.