what would you think if blockchain collapse ?

[pearnapple]

Blockchain is designed so it's hard for it "collapse." I guess anything is possible though if someone was trying hard enough.

thats true and i doubt that it will ever happen that blockchain is going to collapse, in my opinion this will exist as long as the internet exist i hope im right

[virtualkeybuyer]

Blockchain is designed so it's hard for it "collapse." I guess anything is possible though if someone was trying hard enough.

Yeah the developers will struggle hard to remain it alive and if any issue occurred they will put all of their energy in maintaining it to fix, I have believe on bitcoin and blockchain, it will live long.

[Kprawn]

Blockchain is designed so it's hard for it "collapse." I guess anything is possible though if someone was trying hard enough.

thats true and i doubt that it will ever happen that blockchain is going to collapse, in my opinion this will exist as long as the internet exist i hope im right

Yes, you are right. We have seen every possible threat being discussed on this forum... from Solar flares to Nuclear attacks, and none of these pose a real threat, because Bitcoin is too decentralized.

You would have to see some Global Apocalyptic event, for it to collapse 100% .... If that happens, people would not bother to worry about Bitcoin, they would worry about survival / food / shelter and

basic things like that. Let's just stop with all the Doomsday scenarios for Bitcoin... Hell, if the internet goes down, all other digital networks goes down too.    

[coinsocieties]

IF that should happen, which is almost impossible, then everyone would loose with the exception of those who already converted their bitcoin into cash.  The issue is that the blockchain is on everyones computer when they have a wallet.  There are too many copies of it out there to just die. 

[StoreBit]

i think every thing is around blockchain and if block chain collapse i think that will be such a big problem then. so can hope that blockchain will will in good position and will never collapse.

[countryfree]

I'm not preparing anything because the blockchain as it is cannot collapse unless there's a total destruction of the Internet which could only come from something like a global nuclear explosion which would wipe off the human race.

What I fear, though, is the blockchain being clogged with the block size limiting transactions. That could really happen.

[Snorek]

First of all this is not even coherent question. Op, clearly hadno idea what exacly he want to know and how formulate this question.
It is exactly like Shorena said, Op confused blockchain.info an online wallet provider with bitcoin network backbone - also called the blockchain.

Any online service provider can fall, we saw it happen in the past and will see it in the future, but bitcoin fail is very unlikely, almost impossible.
It is not even worth talking about it and spread rumors in the process.

[groll]

i read so many topic about "what would you do if bitcoin disappear" or "what would you do if bitcoin die" etc , but do you think what will happen if blockchain collapse ? example like the previous bank L*b*rt* Reserve, will bitcoin rate drop ? or will raise because bitcoin rarity ? what do you think ??     and what next step ? using xapo or what web will be your bitcoin wallet ? i just curious what next step the member in here will do ,,

Your effort in making this question is appreciated, but can you really cite what are you really referring to. Your question is vague since there are two entities involved in what you are asking. First maybe you are referring to the website blockchain.info and second probably to the blockchain as a system and not a website. If blockchain as a system of bitcoin transactions breaks down its simple logic its the end of bitcoins.

[GreenBits]

I guess I would be confused, trying to figure out how a virtual construct managed to actually collapse. Seeing as this is data, and not bricks and mortar, there can be not 'collapse'. Copies of the ledger are stored all over the world on millions of devices; until every single one of those records is destroyed, the blockchain will continue to persist. This is the core of the technology, decentralization.

[Your Point Is Invalid]

I think if blockchain will collapse it will be the end of bitcoin transactions.Because all bitcoin transactions is going under blockchain and being confirmed by blockchain.If blockchain will be down who will confirm our transfer? How can the users receive it without any confirmations from block chain.Thats what im thinking.

You are retarded

Guys its abundantly clear that OP is talking about blockchain.info. @OP if the site crashes or goes down, it shouldnt be a problem for most as they have their private keys stored elsewhere and can import their address onto another wallet. Also, most people will just download and use an offline wallet, no-one trusts xapo to hold their money

[yenxz]

No one knows exactly , what is surely the future as bitcoin will always grow and will be a lot of people who know bitcoin but there will be opportunities
that the fame will reduce if the price reduction . I think the problem is always the same blockchain will always are the backbone of bitcoin afteral . without it there would be no bitcoin

[DOGE12321]

i read so many topic about "what would you do if bitcoin disappear" or "what would you do if bitcoin die" etc , but do you think what will happen if blockchain collapse ? example like the previous bank L*b*rt* Reserve, will bitcoin rate drop ? or will raise because bitcoin rarity ? what do you think ??    and what next step ? using xapo or what web will be your bitcoin wallet ? i just curious what next step the member in here will do ,,

I don't think your question make sense. The blockchain is quite very well secured. It has a very low even any possibility of collapsing.

If somehow it does, like you said there will be no more Bitcoin or decentralised currencies until a new Blockchain is made. 

[Pattart]

Blockchain is designed so it's hard for it "collapse." I guess anything is possible though if someone was trying hard enough.

thats true and i doubt that it will ever happen that blockchain is going to collapse, in my opinion this will exist as long as the internet exist i hope im right

I think it is impossible to blockchain could be a collapse or bankruptcy they do not incur huge costs for the maintenance of their sites. I'm sure they will not become insolvent or bankruptcy maybe I would think if blockchain be a scam? is it possible?

[Daneric]

Thinking of blockchain collapse?, wow, this will be the most hurting experience ever in the history of crypto-currency. I know many people have invested in bitcoin and when you talk about the collapse of the blockchain, then be ready to have many suicidal cases worldwide. This is something which can happen especially where there are many people involved. One day you wake up and find that someone has hacked the blockchain and stole all the bitcoins. there will be future for bitcoin just like what happened to Liberty Reserve.