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Author Topic: what happens when all the bitcoins has been acquired  (Read 4512 times)

Offline Jaguar

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Re: what happens when all the bitcoins has been acquired
« Reply #15 on: August 01, 2020, 08:35:48 AM »
Dead will not speak up just to say bitcoin password or whatever. Dead is dead. If you own bitcoin and nobody knows about it better put the password, private key, email, and wallet address in a safe place. Make sure before you died you leave a message about the hidden bitcoin.

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Re: what happens when all the bitcoins has been acquired
« Reply #15 on: August 01, 2020, 08:35:48 AM »

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Offline Tanimariya

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Re: what happens when all the bitcoins has been acquired
« Reply #16 on: August 01, 2020, 02:00:44 PM »
Until then, the condition of bitcoin will be much better. Maybe I won't be there that day. Everyone has to respond to the call of God. I am not eternal in this universe though. But the universe of bitcoin is eternal. So when there is no bitcoin user, then the next generation will use bitcoin. This will continue in this way according to the rules. However, the price of bitcoin will increase many times. Hopefully there is no doubt about this.

Offline Noverteno

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Re: what happens when all the bitcoins has been acquired
« Reply #17 on: November 17, 2021, 03:37:45 AM »
People are so arranged that they least of all think about their death. Even if people around us are constantly dying, our consciousness will tell us that this cannot happen to us. Therefore, no matter how much we warn people that we need to prepare to transfer our secret keys to people we trust, people will die and carry their cryptocurrency out of them forever. In addition, for the average person to understand the intricacies of cryptocurrency, you need to study long and hard. Not all of our relatives will agree to this.

Offline rizqillah

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Re: what happens when all the bitcoins has been acquired
« Reply #18 on: November 17, 2021, 09:00:36 AM »
The year is 2090. i might be dead by then, i hope so. what happens to all the owners of the bitcoins if they failed to expose their funds to their next of Kin. just like the banking system requires account owners to provide next of kin when opening account. How do cryptocurrency owners move  their funds to the next in linw when they die.

Dead, every human will  die.
I think  We should have good plan about our crypto currency.
Share your wallet to your family, password and private key
Because It will value asset at the coming future.
crypto owners who died because they did not transfer funds to relatives, I think these coins will still exist, and become dead coins because there is no movement in the market.
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Offline Dora Walletinvestor

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Re: what happens when all the bitcoins has been acquired
« Reply #19 on: November 17, 2021, 09:28:50 AM »
This is an unrealistic scenario. All bitcoins cannot possibly be on individual private wallets, mate. Miners and traders on exchanges would provide a constant flux and liquidity.

I do agree that traders would still be active (though mining would stop once all Bitcoins have been mined). But, while all bitcoins can't belong to just one person, it is a real problem that currently, Bitcoins lost by people (either because the owner died or because they lost their access) seem to be lost forever, out of circulation.
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Offline Seerge

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Re: what happens when all the bitcoins has been acquired
« Reply #20 on: November 18, 2021, 02:22:05 PM »
Good discussion, and it seems that for now the holders of Crypto Bitcoin coins and others are still reluctant to give out the private keys of their accounts that hold Crypto assets. And if he keeps it to himself then it's certain the coins will be lost. The effect is that the circulation of coins in the market is less and the price will be more expensive.

Offline Rokon5

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Re: what happens when all the bitcoins has been acquired
« Reply #21 on: November 18, 2021, 03:41:03 PM »

I saw a post on Twitter a several days before regarding bitcoin. It spoken that one hum,an beings was a user of bitcoin. He obtain 500 bitcoins when the cost of bitcoin was under $0.50 cent. The person ministrant the bitcoins in his coin base account. But he did not alive lengthy . He died. However, his smallest friend set up the bitcoin in his report a not many days ahead . So following to the rules the following age will own bitcoin. There is no suspicion regarding that.

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Re: what happens when all the bitcoins has been acquired
« Reply #21 on: November 18, 2021, 03:41:03 PM »


 

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