Is Bitcoin designed to last forever?

[abonarea]

Bitcoin is going to facilitate us all for decades from now on wards. It is very difficult to say anything whether it will last forever or there will be some other thing more advanced and usable than blockchain in far future. We can not even imagine how the world will look like after 100 years as science and technology is at full speed even now.

[Hellacopter]

Not sure if Bitcoin will last forever, in fact we can't make sure about anything to last forever in this world. But i believe Bitcoin is designed already to last for very long time .

[Nimbulan]

I dont think allot of people will stay for the rest of their lifes into the bitcoin because one day he will drop down that much and rebuild all of it again so that makes very many people sad.

The bitcoin price is volatile. But as long as it is under good development, the price will rise in the long term.

yeah, the price is really volatile, but it is the main reason what makes bitcoin so interesting for me

[zahra4577]

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.

Nothing last forever and bitcoin will also die after few years and something better will replace it

[MingLee]

Bitcoin is definitely designed to last, and the best part is that there doesn't have to be a massive infrastructure to maintain it. There can just be a few people who show up and get the data and nodes up and running, and boom, you have a running blockchain that can be used by anyone able to connect to it.

Nothing to be too special, but extremely effective.

[Viyamore]

I don't think that bitcoin will last forever but im pretty sure that it will last longer .no things last forever all that are mined ,bought etc .time will come it will disappear even our earth don't last forever so no thing on this earth will last forever .bitcoin technology is good now it has a good future in terms of it use .its only the start for the popularity of bitcoin so it will take more years and better to take advantage that we already known bitcoins first.

[ttargett]

I dont think allot of people will stay for the rest of their lifes into the bitcoin because one day he will drop down that much and rebuild all of it again so that makes very many people sad.

The bitcoin price is volatile. But as long as it is under good development, the price will rise in the long term.

thats true, the price is really volatile right now but it is because of the fact that it is controlled only by people so it can last for a really long time

[milewilda]

I dont think allot of people will stay for the rest of their lifes into the bitcoin because one day he will drop down that much and rebuild all of it again so that makes very many people sad.

The bitcoin price is volatile. But as long as it is under good development, the price will rise in the long term.

thats true, the price is really volatile right now but it is because of the fact that it is controlled only by people so it can last for a really long time

The main thing here is that bitcoin wont die if there still someone who uses it and someone  who buys it and for sure it wont easily die on the long run, Bitcoin could die if the adoption would  lessen and theres  no activity on the bitcoins ecosystem and  user would dump all of their coins then it would surely die.

[electronicash]

I dont think allot of people will stay for the rest of their lifes into the bitcoin because one day he will drop down that much and rebuild all of it again so that makes very many people sad.

The bitcoin price is volatile. But as long as it is under good development, the price will rise in the long term.

thats true, the price is really volatile right now but it is because of the fact that it is controlled only by people so it can last for a really long time

The main thing here is that bitcoin wont die if there still someone who uses it and someone  who buys it and for sure it wont easily die on the long run, Bitcoin could die if the adoption would  lessen and theres  no activity on the bitcoins ecosystem and  user would dump all of their coins then it would surely die.

so long as bitcoin is being used, sent and people make transactions bitcoin will last forever and so are the rest of the coins. so long as there are miners and people using the coins they are all designed to work and last forever. most importantly, as long as the value stays good it will work.

[VanDeinsberg12]

In my opinions, bitcoin is should designed by the logarithm and i don't think will be designed for last forever maybe will there a some development of the logarithm of bitcoin are used in this time and it's not designed for last forever.

[davis196]

I've been thinking about it since last night and I couldn't find an answer to myself.
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.

Anyone care to help explain a few things for me?

I hope that bitcoin will last forever,but unfortunately nothing lasts forever.

I don`t care about the mining block cap.Bitcoin can survive without mining.

Bitcoin will last forever only if there are people who support it and use it everyday.

[sana54210]

In my opinions, bitcoin is should designed by the logarithm and i don't think will be designed for last forever maybe will there a some development of the logarithm of bitcoin are used in this time and it's not designed for last forever.

What is the designing in logarithm, really I could not understand how logarithm implemented in bitcoin development also I just checked in Google is their any other meaning for logarithm other than mathematical usage.

I have read many times that the growth of bitcoin might follow exponential as it will grow rapidly in future than past always. Other than this, I could not understand any relationship with logarithm with bitcoin ecosystem and more particularly for the core concepts designing for long lasting.

[Xenophoto]

Whatever was the intention of Satoshi, Bitcoin is going to last forever. The reason for this is the fact that people would always want something in return when they're going to give another person a material thing. In an instance, would you just give you cellphone into another person? No, unless you're going to trade it for another phone or sell it for money.

Money would always be involved in this world because of the very nature of humans.

[Pursuer]

In my opinions, bitcoin is should designed by the logarithm and i don't think will be designed for last forever maybe will there a some development of the logarithm of bitcoin are used in this time and it's not designed for last forever.

What is the designing in logarithm, really I could not understand how logarithm implemented in bitcoin development also I just checked in Google is their any other meaning for logarithm other than mathematical usage.

I have read many times that the growth of bitcoin might follow exponential as it will grow rapidly in future than past always. Other than this, I could not understand any relationship with logarithm with bitcoin ecosystem and more particularly for the core concepts designing for long lasting.

it is just spam, don't think too much about it. he may have had something like algorithm in his mind but wrote logarithm!!! and in reality he meant to say by design

anyways, bitcoin was meant to be used as a peer to peer money and way to transfer money this way without a need of a third party like banks so it can last as long as at least 2 peers are transferring bitcoin and there is someone who is mining the blocks.

[groll]

Whatever was the intention of Satoshi, Bitcoin is going to last forever. The reason for this is the fact that people would always want something in return when they're going to give another person a material thing. In an instance, would you just give you cellphone into another person? No, unless you're going to trade it for another phone or sell it for money.

Money would always be involved in this world because of the very nature of humans.

This made me smile.  I will give my phone for free if I will give it to my family or love ones.  But of course would sell it to someone for possible upgrade of my current cellphone.  Anyways, yes, bitcoin I think is designed to last forever.  And the fact that many people right now uses bitcoin and already invest some of good amount of money, then there is no way that bitcoin will be stopped.   

[Betwrong]

But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.

You are forgetting that Bitcoin has transaction fees. The total sum of transaction fees paid for transactions in a certain block goes to the miners solving that block (in addition to the block reward). While total transaction fees today are typically significantly less than 1 BTC per block, this total sum is already significantly higher than a few years ago.

In future, transaction fees will progressively increase in relevance compared to block rewards and ultimately entirely replace them as an incentive to solve more blocks.

You also have to consider that with decreasing block rewards, Bitcoin's valuation will very likely increase significantly. So mining might still be profitable, even if the amount of Bitcoin obtained in the process is only a fraction of what it is today.

ya.ya.yo!

I've read through all the comments and I think this is the best explanation. It is simple yet very informative.

To sum up all the comments which make sense to me: Yes, Bitcoin is designed to last forever.

[Omegasun]

There is no project that created by man that last forever even if it is well established as of now. At some point, Time will come that bitcoin will be abolished because of new coins that is more advanced to it and have better feature, mark my word.

[bitbunnny]

The amount of Bitcoins is limited, that is the fact that we l know. Whether it could last forever, it's hard to say. This is completely new concept of virtual digital currencies with no prior experience so any prediction is possible. It's possible that some new and more advanced technology (currency) in the futrure replaces Bitcoin.

[pearnapple]

I dont think allot of people will stay for the rest of their lifes into the bitcoin because one day he will drop down that much and rebuild all of it again so that makes very many people sad.

The bitcoin price is volatile. But as long as it is under good development, the price will rise in the long term.

of course it is volatile because it depends only on people and nothing else and i think it is a really good thing

[bryant.coleman]

I don't think that Bitcoin designed to last forever. There are several scenarios in the future, which can spell doom to Bitcoin. For example, if a supercomputer which can crack Bitcoin private keys are invented, then it will become impossible to safely store Bitcoin. Another scenario is the 51% attack. What will happen if someone invents a mining rig, which is 1 million times more efficient than the others?