Is Bitcoin designed to last forever?

[tabas]

I am not thinking the original design will last forever, however I do think that the upgrades they will make to it as it moves forward will assist in it lasting for some time to come.  The way it sits now, I do not see it ending in my life time.

I also think that bitcoin is not designed to live forever, bitcoin risk to die when the price becomes zero, so it can be proved that bitcoin is not designed to last forever

It may not be designed to live forever but if we keep on using it then it can live for a longer days. A chance of making it to last forever is really high because we are in modern world and we are using modern technology. Transactions will be online and digital and bitcoin will be the medium of it, only if the world government will recognize its goodness.

[1714781616]

1714781616

[SamsungBitcoin]

Bitcoin will last for years, because it solves problems that other forms of payment have.I don’t think that bitcoin will disappear.
As long as there is still internet there will still be bitcoin.

[boydewit2]

If the support stays, I'd say Yes.

[MTBTT]

I am not thinking the original design will last forever, however I do think that the upgrades they will make to it as it moves forward will assist in it lasting for some time to come.  The way it sits now, I do not see it ending in my life time.

You think bitcoin can continue to grow and change according to the times? if it can be done. then bitcoin will continue to be updated and there will be no other altcoin. which could replace bitcoin, and bitcoin will continue to survive

[TastyChillySauce00]

Will bitcoin be around forever? Assuming 3 people in the world are running a node, yes. Is it always going to be worth something or as much as it is now if not more? Who knows. It's the first cryptocurrency so I'd have to assume something better would come out in the next hundred years (give or take;)) making bitcoins obsolete. Or it coin will just continuously evolve.

definitely right,if bitcoin could just evolving by the time and always growing to be better coin it will for sure last for next hundreds year but a new developed technology always coming out and threatening bitcoin's place as the main cryptocurrency right now and if one coin just gaining the trust from bitcoin users and could even make bitcoin users moving out from where they stay,bitcoin will potentially lost its daily traded volume

[Mark02]

I am not thinking the original design will last forever, however I do think that the upgrades they will make to it as it moves forward will assist in it lasting for some time to come.  The way it sits now, I do not see it ending in my life time.

You think bitcoin can continue to grow and change according to the times? if it can be done. then bitcoin will continue to be updated and there will be no other altcoin. which could replace bitcoin, and bitcoin will continue to survive

Good point. Nothing last forever except Change. So, when they change or upgrade Bitcoin, maybe it can last for a long time. Although time will come and halving and halving occur and the miners will get smaller rewards in every block. Which will cause them to leave mining and Bitcoin will be dead gradually. But, the developers can create another version of Bitcoin which can save the death of it. Just like ETH. What do you think ??

[Liad.Services]

That is not true,we  do not need a change in order to make bitcoin last forever.
The current network system works good,the only problem is the block limit,which pretty much hurts the community and the miners,but the whole system is being trusted by a lot of people so at the moment we do not need any change to make it better expect of the block limit.

I do believe the bitcoin can last forever if the community will keep growing to increase the bitcoin price and to make it worthable for miners to keep mining bitcoin.

[Ryananda]

Bitcoin is a result of technological innovation. While the payments industry will also change rapidly with technological innovations which provide benefits in the medium of exchange that is better than the cryptocurrency. This innovation will could have come from the government or from the private sector. On the other hand there are other factors that also affect the monetary standard Bitcoin. Namely the pressure to return to the currency Fiat. So that monetary policy will be more active and can catch up.

[deadsilent]

Yes, it can survive for a long time. As long as many people still supporting bitcoin, it can last forever for sure. But i think many changes will happen every years passing by. Because in the future, technology will be more progressive. Bitcoin needed to adopt in the innovation in able to survive.

[Teemotje]

Yes, it can survive for a long time. As long as many people still supporting bitcoin, it can last forever for sure. But i think many changes will happen every years passing by. Because in the future, technology will be more progressive. Bitcoin is a part of innovation in able to survive.

I also think that it can survive for a long time but I also think its hard to say if it will due to the fact the bitcoin is unpredictable so no one knows.

[Senor.Bla]

Yes, it can survive for a long time. As long as many people still supporting bitcoin, it can last forever for sure. But i think many changes will happen every years passing by. Because in the future, technology will be more progressive. Bitcoin is a part of innovation in able to survive.

I also think that it can survive for a long time but I also think its hard to say if it will due to the fact the bitcoin is unpredictable so no one knows.

as long as we use networks and computers there is no reason why we could not use it for a long time. i would guess that the computers will get obsolete before we stop using bitcoin, so we will have to adapt it.

[steelhouse]

If you can convince the miners of the few that hold the blockchain nodes in 20 years if it gets too big to move to clean chain this can easily be done in a exchange 1 btc for 1 new btc.  Then after 2 year period all btc on the old chain will be invalid and the chain is shutdown.  Thus you have a new clean chain.

You could also tell everyone to spend their coins in 1 year.   Then the entire chain older than 1 year could be truncated (there would have to be some software work).  Thus, you would not only have a young chain you would know exactly how many coins are left in circulation.  I would say 1 million are already lost.

As for all the new and alt coins, they generally all suck.  There is only one alt-coin that might be better than bitcoin and that is say you buy into the coin and generate $1 billion cash. If that cash could be used for investments and the profits used to delete coin, then you have a coin with a decreasing money supply.  A decreasing money supply will make users richer and increase adoption.

Thus if the money supply drops from 21 million, 5% a year you have 2 million or so after 50 years, thus your money is worth 10x and that is with no new users.  With new users that might be 100x or 500x.  That is adjusted for inflation so you invest $5000 when you are 20, you would have $2,500,000 when you 70. 

2020   21000000
2021   19950000
2022   18952500
2023   18004875
2024   17104631
2025   16249400
2026   15436930
2027   14665083
2028   13931829
2029   13235238
2030   12573476
2031   11944802
2032   11347562
2033   10780184
2034   10241175
2035   9729116
2036   9242660
2037   8780527
2038   8341501
2039   7924426
2040   7528204
2041   7151794
2042   6794204
2043   6454494
2044   6131770
2045   5825181
2046   5533922
2047   5257226
2048   4994365
2049   4744646
2050   4507414
2051   4282043
2052   4067941
2053   3864544
2054   3671317
2055   3487751
2056   3313364
2057   3147695
2058   2990311
2059   2840795
2060   2698755
2061   2563818
2062   2435627
2063   2313845
2064   2198153
2065   2088245
2066   1983833
2067   1884641
2068   1790409
2069   1700889
2070   1615844
 

[rizkyhiw]

Yes, it can survive for a long time. As long as many people still supporting bitcoin, it can last forever for sure. But i think many changes will happen every years passing by. Because in the future, technology will be more progressive. Bitcoin is a part of innovation in able to survive.

I also think that it can survive for a long time but I also think its hard to say if it will due to the fact the bitcoin is unpredictable so no one knows.

as long as we use networks and computers there is no reason why we could not use it for a long time. i would guess that the computers will get obsolete before we stop using bitcoin, so we will have to adapt it.

a technology like computer will not get obsolete in the future
it will keep developing transform to something great more than just a computer and an internet
bitcoin come to make everything perfect , and i don't think bitcoin will not fit to the future
and of course i believe bitcoin designed last forever , hard to make it dissapear.

[Doamader]

I do believe bitcoin has found its place, and its king of crypto currencie, i dont see bitcoin allowing any other altcoin to replace it, how long bitcoin will last is easy, as long the community keeps interested into it and use it, otherwise bitcoin can fail badly.

[Velkro]

I am not sure if it is designed to last forever but the real question is if it is also going to last forever because I am sure that if most people quit that it would not last forever.
It is all going to depend in what the users are going to do and how they react to Bitcoin.

Yeah, its exactly like that. Bitcoin by design is not beign safe/ could last forever or nothing like that.
People make it so. As long people will use Bitcoin, people will develop it more, secure it more, make it faster, better etc.

[The_Dark_Knight]

I am not thinking the original design will last forever, however I do think that the upgrades they will make to it as it moves forward will assist in it lasting for some time to come.  The way it sits now, I do not see it ending in my life time.

I also think that bitcoin is not designed to live forever, bitcoin risk to die when the price becomes zero, so it can be proved that bitcoin is not designed to last forever

But that applies to any other currency, when a currency has a value of zero that currency is useless, but I really think that since bitcoin performs a function that no traditional currency has bitcoin has the possibility to outlive them even if eventually a new coin appears.