Dead by 2106

[usekevin]

You mean, bitcoin will be no more after 86 years from now. Two things, I want to convey here. First, we don't know whether most of us will be alive till that year 
Secondly, every year, we will get a update of everything. For example mobile phone. We had received many updates every year in the mobile phone. So same we can expect on Bitcoin. Who know, bitcoin will be the Fiat of world.

[mezzaluna]

A really interesting topic :

Projected to happen in the year 2106, Bitcoin will suddenly stop running based on the code its network of users is running today. Users won’t be able to send bitcoin to others; miners securing Bitcoin’s global network will no longer serve a purpose. Bitcoin will just stop.

-Bitcoin might die in the year 2106 because of a bug in the code that's been known since 2012

Bitcoin core contributor stated how this has been known since 2012 might known even before it but it does have one simple solution.

Why do we assume so much that is so far into the future without having to consider what can happen within at least 5 years of being a user in the Cryptocurrency Industry. As far as I can see it, when I first learned about Cryptocurrency, not much have changed pertaining to the process of how transactions are being made and Bitcoin is still profitable as ever. If ever did that happen within close years because some users wont surely reach the year 2106, then at least we are in a generation of people who can say that they are veterans in the field of Cryptocurrency since we can teach them what its like in the early years of Crypto.

[Jet Cash]

I'll be 164 when this happens. Should I start to plan for this event now?

[tbterryboy]

In this kind of situation it’s the developers that we need to be talking to. If it’s possible to connect with them and discuss issues like this, they should be asked to look into it and do whatever is necessary to fix the bug. For some years now I have been seeing a lot of people talking about a bug in the Bitcoin’s code. Let’s just assume that the developers feel it’s not something they should be hurrying to fix since there is eighty years left before the deadline. If they don’t get the bug fixed and Bitcoin happens to die by then, then everything we have been fighting for wouldn’t be making any sense.

That should show you how afraid people are of the technology that they are trying to look at anything that can make it fall, but as some people have stated before that is not really an issue

Whether they are afraid of that or not, I don’t think it’s wrong to point out something bad that’s going to happen in the future if there are no actions taken to fix them. Imagine that those who discovered the bug decides to keep calm and say nothing about it, those developers in the future wouldn’t know about it and by the time they might get to realize it, it might be late to fix. It’s best that they are aware of it, at least they will be at alert.

[o_e_l_e_o]

In this kind of situation it’s the developers that we need to be talking to. If it’s possible to connect with them and discuss issues like this, they should be asked to look into it and do whatever is necessary to fix the bug.

The entire reason this spammy "article" was written was off the back of a tweet from Pieter Wuille, who has been developing and working on Bitcoin Core since 2011 and who has the third most commits to the repository on GitHub. The devs are well aware of this bug, and it will be fixed when necessary.

Imagine that those who discovered the bug decides to keep calm and say nothing about it, those developers in the future wouldn’t know about it and by the time they might get to realize it, it might be late to fix.

If a two-bit spam site like Coindesk is aware of a bug in bitcoin's code, you can bet every last satoshi you own that the devs have been aware of it for far longer.

[so98nn]

Sounds cool. May be this is an agenda that should be levied upon new generation who will have to figure out different ways to survive through stoppage of bitcoin.

What I learnt from the thread is bitcoin forking could be one of the way but in the past things have shown different times to us. Forking has troubled btc rather than giving us opportunities to invest and use them. Forks could be disastrous too.

I think developers could just add up more units of btc into the circulation by continuing the chain on another network. Something like BTC-2.0 or like that.

Now I’m not sure how it works, but I do know that current circulation is limited and that’s why the 86 years of timeline. But, why can’t we just go ahead with 2.0 version but it shouldn’t be fork.

[imstillthebest]

You mean, bitcoin will be no more after 86 years from now. Two things, I want to convey here. First, we don't know whether most of us will be alive till that year 
Secondly, every year, we will get a update of everything. For example mobile phone. We had received many updates every year in the mobile phone. So same we can expect on Bitcoin. Who know, bitcoin will be the Fiat of world.

and the updates can fix the previous known issue or it can make the issue more worst but lets hope it wont . 86 years from now we are going to be hapy if we reached that milestone  but all of us are gonna be old  by that year and wont know how to operate a btc  .

its okay if the bad prediction was true , for us but what about the younger generations ? we already have plans for them that we will inherit them our left btc's soon .

[erikoy]

You mean, bitcoin will be no more after 86 years from now. Two things, I want to convey here. First, we don't know whether most of us will be alive till that year 
Secondly, every year, we will get a update of everything. For example mobile phone. We had received many updates every year in the mobile phone. So same we can expect on Bitcoin. Who know, bitcoin will be the Fiat of world.

and the updates can fix the previous known issue or it can make the issue more worst but lets hope it wont . 86 years from now we are going to be hapy if we reached that milestone  but all of us are gonna be old  by that year and wont know how to operate a btc  .

its okay if the bad prediction was true , for us but what about the younger generations ? we already have plans for them that we will inherit them our left btc's soon .

Well, 86 years from now is still far and has a lot of things to happen and bitcoin could evolve when there will be supercomputera to be involve that could modify the blocks for bitcoin. As we all know that the bugs during 2012 was being fix in 2016 so this is already seen and there are preparations already for this in the coming years for modification of these blocks for bitcoin. Let us just trust this issue to the bitcoin developer. This issue can be solve by them and I believe in it.

[Yamifoud]

He is only over speculated of what will comes. He actually has no control over the future of crypto and so there is nothing it worries and makes believed of what the author says. But anyway, I'm not sure if we are still alive at that time to know what it happens maybe the author as well.

But for now, it kinda unthinkable to happens and for sure bugs could be fixed before that. It is in the hands of the next inherited Bitcoiner's and developers to fix that problem of either they let that thing to happen, that could possibly the end of bitcoin if not.

[pixie85]

Isn't that like 86 whole creeping years from now?

Why worry now about a bug that is projected to come up more than four decades from now which may never even be a bug in the true sense. Also, the stretch in years is far apart that makes me wonder if anyone knew there was going to be something like Bitcoin or cryptocurrencies 80 years or so ago. My point is this — let's just take a chill pill and enjoy the moment of what Bitcoin is now.

Pretty much why I don't care about topics like this one.

There are so many things that can go wrong in just 10 years that if you made a list of them and read it every morning you'd either go insane or stayed in bed all day doing nothing which would pretty much be like being insane

[Oilacris]

Wow we are only at 2020 and we are already thinking about the problem on 2106?
We are still facing so many tragic problems on this year I think we have plenty of time to fix this problem and focus on other more important things that matter right now.
I am not saying that it isn't important but to be honest I don't think we should really discuss it right now because it is still too early and besides 86 years from now do we even know if we are still alive at that time?

Nah, you cant stop people on making out such topics talking about on whats ahead or on what would happened in that year even we do know that we might be dead that time but for
learning purposes then these kind of questions are relevant.

When we do reach up that time or to next generation then the entire community and miners will surely do sort of things just to make Bitcoin to continue.Im not really that techy
when it comes to forks or whatsoever but we cant totally say that bitcoin would be dead in 2106.

[AmoreJaz]

Wow we are only at 2020 and we are already thinking about the problem on 2106?
We are still facing so many tragic problems on this year I think we have plenty of time to fix this problem and focus on other more important things that matter right now.
I am not saying that it isn't important but to be honest I don't think we should really discuss it right now because it is still too early and besides 86 years from now do we even know if we are still alive at that time?

Nah, you cant stop people on making out such topics talking about on whats ahead or on what would happened in that year even we do know that we might be dead that time but for
learning purposes then these kind of questions are relevant.

When we do reach up that time or to next generation then the entire community and miners will surely do sort of things just to make Bitcoin to continue.Im not really that techy
when it comes to forks or whatsoever but we cant totally say that bitcoin would be dead in 2106.

all we can get from this kind of discussion is just pure speculation and prediction of things what may happen. within that period, a lot of advancements and technological progress already happened and bitcoin may be obsolete at that time. and a new kind of super technology will be there, who knows? but would be interesting what kind of development we have in the next 50years? also, what kind of virus will people will experience at that time? covid will be also obsolete by then 

[Sadlife]

Bitcoin code based is scalable look at some second layer solutions, they modified few lines of code to make Blockchain transactions optimized, and the said bug is probably fix by now i mean after many years of being a core dev in Bitcoin that "simple bug" is probably fix by now. Perhaps, the only problem i see is when the supply is totally mined, in the future if Bitcoin encounters a major bug, and if all else fails they can just change protocol like ETH to ETH 2.0.

[minersday]

It is very baseless to conclude that Bitcoin will dead by 2106. What you need to know and understand is that bugs found in open source programs or codes can be easily fixed or solved. This is just a baseless speculation meant to get people discouraged from adopting to the use of Bitcoin. If the Bitcoin blockchain has bugs in it, we should have seen people complaining about it by now.  If Bitcoin was to die, it should have been in the early stage it was launched. Bitcoin has been around for 10 years now and you think its gonna die !!!

[wilkine]

Disagree. Everything is changing to be better

[DooMAD]

It is very baseless to conclude that Bitcoin will dead by 2106. What you need to know and understand is that bugs found in open source programs or codes can be easily fixed or solved.

Coding the fix is easy, yes.  The complication is the hard fork to implement the fix.  If we get that bit wrong, it could potentially split the network in two.  In theory, it should be a simple update which everyone chooses to follow without argument.  But theory sometimes goes out the window if anyone chooses to make things political or otherwise controversial.

And before saying how easy it will be to get people to run a fix which is obviously required, consider the following.  Because we want to have as few hardforks as possible, when one eventually does happen, devs will generally want to make the most of that opportunity and include multiple updates and fixes.  So it's likely more than one thing which users will need to reach consensus on.  They may all agree with the fix, but may disagree on whatever else might be included as part of the hardfork.

[minersday]

You mean, bitcoin will be no more after 86 years from now. Two things, I want to convey here. First, we don't know whether most of us will be alive till that year 

I believe this was what the writer was thinking about instead of the simple bug  

Secondly, every year, we will get a update of everything. For example mobile phone. We had received many updates every year in the mobile phone. So same we can expect on Bitcoin. Who know, bitcoin will be the Fiat of world.

I don't know why people always wanna make unnecessary  speculate about Bitcoin without giving realistic facts and information. People always wanna find fault or problem with any good thing in the world. If the centralized system with a lot of bugs as been able to exist for thousands of years, why can't a system with a 'simple bug' exist in peace ? Let's wait for 2106 to come and see if Bitcoin will actually die as predicted by people..

[minersday]

It is very baseless to conclude that Bitcoin will dead by 2106. What you need to know and understand is that bugs found in open source programs or codes can be easily fixed or solved.

Coding the fix is easy, yes.  The complication is the hard fork to implement the fix.  If we get that bit wrong, it could potentially split the network in two.  In theory, it should be a simple update which everyone chooses to follow without argument.  But theory sometimes goes out the window if anyone chooses to make things political or otherwise controversial.

And before saying how easy it will be to get people to run a fix which is obviously required, consider the following.  Because we want to have as few hardforks as possible, when one eventually does happen, devs will generally want to make the most of that opportunity and include multiple updates and fixes.  So it's likely more than one thing which users will need to reach consensus on.  They may all agree with the fix, but may disagree on whatever else might be included as part of the hardfork.

I actually get the whole idea of the hardfork but the possibility of the entire bitcoin blockchain network splitting in two is something I don't see it happening. The  Devs of the Bitcoin blockchain network will surely analyse and check for any thing that  might cause problems to the entire network causing a split.
I guess we just have to wait patiently to see if Bitcoin will meet its death in the year 2106. 

[Shasha80]

I am confident that Bitcoin developers can fix a bug in the code on the Bitcoin network and system. So whenever there is damage
to the Bitcoin network and system that could occur in the future, the Bitcoin developers team will find solution immediately and fix it.
So I don't believe the prediction Bitcoin will die in 2106.

[Debonaire217]

The dev of the bitcoin will solve that problem because I am sure they are still searching for the right method to fix it. Until that, I am sure that there will be many new developers who will help solve the bitcoin blockchain so that bitcoin will stay with us for a long time. But the problem is that all of us will not see what will happen in the future because that year will be too long for us to live. So we don't need to think more about that and let time will answer.

I'm not quite feels good in thinking about not caring for the future of bitcoin, but I do believe that as time passes by, developers could innovate bitcoin to the fullest. It is just that, if they could successfully modify bitcoin's blockchain, should we fear the reputation of bitcoin's volume to not be change from 21 million to any volume higher?

Just came out of my curious mind but if that is so, I am pretty sure that developers will respect this reputation, and on the otherhand, if the key is a hard fork, do we need to migrate all our bitcoins? they should establish a tool or application to convert our BTC equal to the new bitcoin in the future.