Is Bitcoin designed to last forever?

[DrGuns4Hands]

I don't have a clue if it is forever or not, nothing lasts forever. Lol. On a serious note, I hope that it will stay long because it can be very useful in the next generations.

[requester]

bitcoin network will last as long as user use it and till the day of finding its security loop hole. once hacker find its weakness then they will destroy it. but if this doesn't happen then buy-in will lay as long as we want even there is 21 million limit but that would be enough because 1 Satoshi rate would be around $10  to $1000 at a time

[croutonhexagon]

Yes bitcoin would last as long as we want and it's secure from hacker. Once hacker find its vulnerability then they would destroy it. Also 21 million limit would have no effect because by timed we will start using bitcoin Satoshi unit and at that time 1Satoshi would worth $100 at a time

[sempak]

bitcoin currently has limited production system. mining system that can be discharged at a certain rate.
I think bitcoin will continue to survive and someday bitcoin will continue to increase prices were high.

[ivanst776]

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?

When 21 Million bitcoins are mined we will not be here probably but the profit of miners will be also from another source.

Since the block reward will be decreased through the time the transaction fees will be increased(if the value of bitcoin will not change).

Nothings lasts forever but the core dev will continue to support the bitcoin and make it better and better.

[dearbesz1219]

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?

You know what dude, I don't think there is last forever in bitcoin. Though I'm a bitcoin enthusiast, Only I know in bitcoin it will become a big help to anyone if they adopt the system of bitcoin. and lastly, miners always be in the stage of risk every time they invest in mining then in the last they wouldn't have any rewards from the mining sites they invested.

[saiha]

bitcoin currently has limited production system. mining system that can be discharged at a certain rate.
I think bitcoin will continue to survive and someday bitcoin will continue to increase prices were high.

I do believe that is going to happen because the supply of bitcoin is limited and that is really destined for bitcoin to last forever because of its limited supply.

As long as there are transactions, trades and people who buys and sells bitcoin then it is going to keep on remaining and being used.

That's why I believe that it is going to remain forever.

[ged00u]

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?

You know what dude, I don't think there is last forever in bitcoin. Though I'm a bitcoin enthusiast, Only I know in bitcoin it will become a big help to anyone if they adopt the system of bitcoin. and lastly, miners always be in the stage of risk every time they invest in mining then in the last they wouldn't have any rewards from the mining sites they invested.

yeah I have the same thought, nothing will last forever even this planet has a time when it comes to an end so I can't assure that bitcoin is designed to last forever. But one thing I can say that it will last a long time before it reaches it destiny.

[Alibatant]

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?

You know what dude, I don't think there is last forever in bitcoin. Though I'm a bitcoin enthusiast, Only I know in bitcoin it will become a big help to anyone if they adopt the system of bitcoin. and lastly, miners always be in the stage of risk every time they invest in mining then in the last they wouldn't have any rewards from the mining sites they invested.

yeah I have the same thought, nothing will last forever even this planet has a time when it comes to an end so I can't assure that bitcoin is designed to last forever. But one thing I can say that it will last a long time before it reaches it destiny.

The bitcoin will not stand still. It is in active development phase since the inception. I think its momentum will be maintained.

[~Bitcoin~]

Yes bitcoin would last as long as we want and it's secure from hacker. Once hacker find its vulnerability then they would destroy it. Also 21 million limit would have no effect because by timed we will start using bitcoin Satoshi unit and at that time 1Satoshi would worth $100 at a time

Actually i think bitcoin is secure from hackers and bitcoin have successfully came over several hack attempts on its network in past. By now network is strong enough to remain functioning in any types of known attack methods and bitcoin codebase is tested over several years and also being tested right now to make it secure and to withstand old/new types of attacks.

[Newcoins2020]

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 do think that Bitcoin is designed to last for ever that is why they made use of the fact that it is a online currency and in the future most things will become digital and online.
It is not sure if it is going to last forever but I am sure that that is there plan.

[dunfida]

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 do think that Bitcoin is designed to last for ever that is why they made use of the fact that it is a online currency and in the future most things will become digital and online.
It is not sure if it is going to last forever but I am sure that that is there plan.

Bitcoin is being  created  with purpose thats why its developer and the founder itself have  launch this  project and  we already  exprience and  witness the  uses and  opportunities on using it. It may not last forever  but  i could somehow  assume that it would  last long even more.

[arransiv]

it's designed to last forever for the current system, just hundreds of years or so with the halving taking place every while then it's eventually going to be few satoshi's per block and these satoshi's would have a significant total all value at that time.

well maybe not forever but for a really long time bitcoins are going to be impossible to actually hack

Well, to be fair, if you had a quantum computer that actually worked then you'd be able to "hack" the network, however that so far isn't a possibility and there is no reason to worry about it. The first trials with quantum computing haven't been particularly effective so far, so I have no idea what to assume is going to happen in the future.

Quantum computer is likely to break the ECDSA that is used in Bitcoin addresses. Private keys can potentially be derived from a public key and that means the earlier address with only 50BTC block reward in it can be compromised since they used P2PK instead of P2PKH. Newer addresses can be hacked if the private key is revealed after a transaction. I don't see it as a threat since we can easily change the protocol, making it resistant to ECDSA cracking.

That being said, Quantum computing is quite expensive to use and Bitcoin would not be the first target of them.

If there is a possibility of quantum computing attack, can we change the protocols early to avoid the attack?

Technology will increase on both sides, it's like a chess game, one play after the other but I think bitcoin don't will be the primary crypto currency in the future, there's a lot of things to happen...

[20kevin20]

It might have been, but we will never know if it will really last forever or not. Anything can happen sooner or later which could bring it down to 0, so we have to be wise.

[shinratensei_]

It might have been, but we will never know if it will really last forever or not. Anything can happen sooner or later which could bring it down to 0, so we have to be wise.

At first the bitcoin is an algorithm and I think the characteristic are the open source and is not the last forever because a various developer is can for developing the bitcoin into a new technology and I think bitcoin are not last forever basically the algorithm are open source.

[TTMNewsK]

We don't know yet.
I am not really sure if it is designed to last forever.
It is all depends in the users performances and how they will react in Bitcoin and how long they will support it.

[PsursV]

I don't have a clue if it is forever or not, nothing lasts forever. Lol. On a serious note, I hope that it will stay long because it can be very useful in the next generations.

as we cannot think about the world without fiat currency, so a time will come when we will totally depend on crypto currency and hope that bitcoin will on top and ever one will be using bitcoin as their first priority.

[MingLee]

I don't have a clue if it is forever or not, nothing lasts forever. Lol. On a serious note, I hope that it will stay long because it can be very useful in the next generations.

as we cannot think about the world without fiat currency, so a time will come when we will totally depend on crypto currency and hope that bitcoin will on top and ever one will be using bitcoin as their first priority.

Hopefully there might come a time like that, however I personally think that's a long time away and I would personally prefer to always have some cash available instead of completely relying on a digital system that could have things go wrong with it. How that would work, I have no idea.

[sana54210]

I don't have a clue if it is forever or not, nothing lasts forever. Lol. On a serious note, I hope that it will stay long because it can be very useful in the next generations.

as we cannot think about the world without fiat currency, so a time will come when we will totally depend on crypto currency and hope that bitcoin will on top and ever one will be using bitcoin as their first priority.

Yes, fiat currencies will find survival ways to compete with bitcoin always. But, bitcoin has all the possibilities to dominate in worldwide financial systems. In future everyone will be needing of an electronic format of currency, cryptocurrencies would be the appropriate solution for them at the time.

Yes, bitcoin would be the first priority for future generations to use instead of fiats, surely bitcoin will last for ever as long as there would be some demand.

[jerowacik]

for me bitcoin is something that has a great future. I imagine someday will last until bitcoin bitcoin recognized internationally.