What is lost is the owner life but his bitcoin remain alive and could be transfer anytime when the wallet provider knew the sotuation. I think the same process is being done like with the bank. banks usually give notice to people sending mail thru their address stating they need to perform activity to their account or else the bank may possess all the balances on that account. And when the time lapse, the bank take possession of the account and give government a portion of those.

Bitcoin is build for all the people who belong in this world this is functional using new generation high technology and my perception is this BITCOIN back up for all new creation and discovered gadget to serve better for us for upgrading technology so digital currency is one of the new creation of Bitcoin serving to all people without no hassle. let say 1 million BITCOIN lose from the person suddenly death, this is only minimal many bitcoin circulation in this world and remember until now no one can IDENTIFY who's nakamoto's in real life. So, there's possibility to make additional bitcoin without prior noticed to public because it is unidentified person.

Hi there coinsocieties, are you trying to ask what will happen to the remaining 20m or to the 1m that the deceases man owns?, The answer for the first question would be easy. The remaining 20m coins could still be mined if they are unminned or they could be passed to other person or relatives. In terms of the 1m, that could be a stucked bitcoin specially if no one knew about his wallet, it can’t be mined again.

That's  just too narrow, I think if the owner dies, bitcoin can easily be influenced to the society, even if the owner of bitcoin dies, to simplify my statement, for all those who are thinking like this, and expecting bitcoin to die,  yes bitcoin  may die in the future or it would be the future's leading currency, though if bitcoin dies it won't be the cause of owner dying, but the cause would be other cryptocurrencies leading the stats overcoming bitcoin, this is what you should put into your mind, might as well  study some more about digital currencies and how things work here before making topics like these, but nonetheless I'm happy to help.

I think  not only one person  who created  bitcoin industry.
In this kind of action it must be founded by a group not only one. Because it have very broad works.

I think No, because, I think their are some people who know this bitcoin with the owner in bitcoin so, it is still and not lost bitcoin until many people know and manage this opportunity. Many users are know and used bitcoin to the way earn money. If bitcoin owner is die it is not bad to everyone because, their are some people know this bitcoin.

No. That is why owners should involved the member of the family. They should provide a matrix with there account and password as referrence if whatever happens to the owner. Let them know how important it is and how does it works.

Bitcoin will never die because the owner dies. You can have the bitcoin of that owner if he said his account to you. The owner must share his details to his beneficiary for transfer of bitcoin to another account or user. Like banks, you will never get the bitcoin of the true owner if you don’t know the owner’s account

I  don't know what is the purpose of the OP why he asks this, blockchain is not in the hands of the owner, so whether he is here or not bitcoin will surely continue no matter what so, don't worry about the obvious things like this.

Yes, if the currency holders to death, no one knows her keys, so her wallet COINS will never be able to flow, these COINS will always not to come out, it will always stay in my wallet so you'll need to give your family a secret key