Answers to discussion questions.
- I do not really know whether it is lost forever because it is still possible that the owner of the wallet who is inactive due to the death of the owner has submitted or inherited a private key or seed phrase to other parties who are trusted.
It is likely that if upon the death of the owner, there was no hand over of seed phrase, then it is lost forever.
If the owner does not have time to submit or leave it to the person he trusts, then it can be justified disappearing forever. If the owner before dying could store well the private key or seed phrase in a special storage, it is likely that one day someone will meet him.
To avoid losing access forever, I chose to save it somewhere if I did not have time to pass down to the parties that I believe.
Bitcoin is a very important inheritance to be inherited.
I remember the guy who lost his drive where he had his bitcoin wallet in a dump. He's been looking for it for years and cannot find it. It could also be considered lost forever.
The story of a person who lost Bitcoin due to being thrown into trash and a search for years after I read.