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Author Topic: Dead by 2106  (Read 712 times)
Debonaire217
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August 12, 2020, 05:56:42 AM
 #61

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.

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August 12, 2020, 08:02:52 AM
 #62

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.

Some of these kinds of news are just there to be a distracting factor as far as they've discovered the bud it would fixed in no time. Bitcoin wasn't developed to crash so;  it is stated here it isn't a big bug to fix.

Quote
The bug is simple. Bitcoin blocks are the containers within which transactions are stored. Each Bitcoin block has a number tracking how many blocks come before it. But because of a limitation revolving around how block height numbers are stored, Bitcoin will run out of block numbers after block number 5101541.

In other words, at a block height roughly 86 years into the future, it will be impossible to produce any new blocks.

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August 12, 2020, 10:13:06 AM
 #63

for me, it is okay to predict nothing that prohibits developing predictions, but whether the predictions are useful and acceptable with what will happen, it remains dependent on responding.
but for me there will be no change for bitcoin, because it was thought about it before bitcoin was created.
nothing that is impossible could happen but also could not be proven. the journey is still quite far and we will not know in 4 years later and do not overly predict who knows is still far away.

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August 12, 2020, 11:53:53 AM
 #64

Wow we at 2020 and you guys are already thinking of 2106 😂😂
None of us would be alive by then
Don't be hasty to conclude on that. There are teens here and if you add 86 to their years they could still be slightly above 100 years. People live up to that, you know. However, my point on the topic is "let's just take a chill pill and enjoy the moment of what Bitcoin is now. Let's live this moment first! Tomorrow will take care of itself. After all no one knew there would be a thing like Bitcoin in the 80s (even as close as it was to this era).

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August 12, 2020, 01:29:03 PM
 #65

With lots of suggestions and tips posted in this community, I doubt that they cannot fix it by that time. I think they can just simply go here and ask certain problems with their nodes or the answer is always been here. the only thing they can do is follow the instructions given by the author. Of course, the author might already dead when that time comes. but his post will remain and thousand might benefits from it in the future. So our role can be just as easy as posting the solution before the problem would occur, as simple as that.

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August 12, 2020, 02:07:36 PM
 #66

for me, it is okay to predict nothing that prohibits developing predictions, but whether the predictions are useful and acceptable with what will happen, it remains dependent on responding.

It's depends from how the acceptance will push for sure in this kind of prediction there's solutions
That will answer this, technology will continue to grow.

but for me there will be no change for bitcoin, because it was thought about it before bitcoin was created.

The direction of bitcoin will continue to proceed, if there's errors or if there's things that needs to be fixed
developers are their to reconsider and adjust.

nothing that is impossible could happen but also could not be proven. the journey is still quite far and we will not know in 4 years later and do not overly predict who knows is still far away.

The journey still far indeed, we don't know what will be there for us for the next 10 years, believers
will continue to support and follow the development.

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August 12, 2020, 02:20:22 PM
Last edit: August 13, 2020, 06:16:27 PM by DooMAD
 #67

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.  

Devs aren't the only factor, though.  Users and miners have a strong influence too.  Developers did everything they could to avoid a split before, but there's still a BCH, a BSV and who-knows-how-many-other chains because some people didn't agree with a consensus rule change.

Say for example, one group of devs announce "here is our client with the bugfix, plus feature A and feature B".  It's possible another group of devs might say "we like feature A, but not feature B, so here is our client with the bugfix, plus feature A and feature C".  Suddenly, users have a choice to make about two clients with incompatible features.  If both clients prove to be equally popular, the chain splits in two.  If one client proves more popular than the other, the weaker chain may potentially die out.

It all depends what people choose to run and whether all the various devs agree with whatever features get included in the next hardfork.

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August 13, 2020, 05:19:04 PM
 #68

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.
You will be right if this was a new bug and no one was aware of it but this is not really the case, the developers have known about this for a very long time and there is no reason to think that they could not fix it during the next years if that is what they wanted, but the date in which this will become a problem is so far away that there is no point in doing it now since they have so many other important things to do.

As such it is obvious that anyone that brings this point is doing so in bad faith and they want to scare people away from bitcoin, and we need to wonder why would anyone do that? And that is obviously because they are afraid of the potential that bitcoin has now and that it will have in the future.


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ilovealtcoins
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August 14, 2020, 03:13:24 PM
 #69

It is just a FUD, with no basis to assume that Bitcoin is dead. Bitcoin is open source and thousands of programmers around the world. The creator of bitcoin allowed these programmers to support and upgrade bitcoin on their own. There is also a community of people who want to own them. They are individual investors, investment funds. It doesn't matter if Bitcoin has 10 times or 100 more ford, because the only thing that exists is bitcoin.
Take a look at the charts, bitcoin is still owned by the user and the value of bitcoin is still increasing. Every day there are thousands of transactions on the bitcoin network. Additionally, Bitcoin has a Lighning upgrade that makes the bitcoin network burdened with other networks. It is resource sharing and it is beneficial for the user.






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DooMAD
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August 14, 2020, 04:01:31 PM
Last edit: August 14, 2020, 04:12:45 PM by DooMAD
 #70

It is just a FUD, with no basis to assume that Bitcoin is dead. Bitcoin is open source and thousands of programmers around the world. The creator of bitcoin allowed these programmers to support and upgrade bitcoin on their own. There is also a community of people who want to own them. They are individual investors, investment funds. It doesn't matter if Bitcoin has 10 times or 100 more ford, because the only thing that exists is bitcoin.
Take a look at the charts, bitcoin is still owned by the user and the value of bitcoin is still increasing. Every day there are thousands of transactions on the bitcoin network.

I get the impression you haven't read the topic properly to fully understand the matter.  It's not FUD.  Bitcoin works perfectly fine for another ~85 years or so.  No issues at all.  But then, around 2106, if the bug isn't fixed, no one can send any further transactions.  It literally won't work anymore.  The blocks will be rejected.  Your charts don't fix that.  So all participants on the network, devs/nodes/miners, need to agree on how and when to fix the bug with a fork.  

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August 15, 2020, 04:37:01 AM
 #71

I am sure i'm already dead at that time and besides there is really no issue on that.
Bitcoin will definitely work perfectly even on that year.
Don't you think technology would be better on that year and new developers would not exist? i doubt.
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August 15, 2020, 01:56:23 PM
 #72

There is a lot of expert everywhere and i don't think that no one can solve that problem. And if ever the current generation could not fixed that problem,for sure there is ,from the coming generation. 2106 is too far from now, much more things can happen. We really don't know what the future of bitcoin will be,all we have is just a prediction.

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August 18, 2020, 04:11:40 PM
 #73

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.

I think this problem should be resolved because it will change the mindset of people who are just starting to invest in cryptocurrencies. beginners will stop investing, trading and mining because they are afraid that someday their coins will suddenly become worthless.
I do not really think that is going to be a factor at all except as FUD, even if you are relatively young right now that date is 86 years away from the current date, most people in the forum will not be alive by then, we do not even know if this forum is still going to exist at that point in time and the same can be said about bitcoin, there is no point in trying to solve the problem right now because it is not something that is imminent.

What it needs to be done is to find a way to make people understand that the fiat currencies that they are holding are a fraud and they will eventually lose the time and all the hard work that they put into earning that fiat currency.


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August 21, 2020, 03:33:18 AM
 #74

Maybe we should not think that right now, first of all 86 years from now we are not sure if we are still alive, maybe most of us are already weak by that time. Let's just enjoy the benefits of bitcoin and how we can use it for the development of our lives. If the time comes when 2106 is near and bitcoin continues to grow, surely the new generation have the knowledge of everything to fix that problem.
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August 21, 2020, 06:26:39 AM
 #75

Maybe we should not think that right now, first of all 86 years from now we are not sure if we are still alive, maybe most of us are already weak by that time. Let's just enjoy the benefits of bitcoin and how we can use it for the development of our lives. If the time comes when 2106 is near and bitcoin continues to grow, surely the new generation have the knowledge of everything to fix that problem.

good answer, we don't have to think about what will happen in the future and who will fix that's problem. as long as we are still alive in this era and we can still enjoy the benefits of Bitcoin then using it for the benefit or good. of course the new generation that will go ahead and fix all the problems regarding the Hard fork or Bitcoin Bug in the future. so we don't need to worry and for now we will enjoy our time with Bitcoin as long as we are alive.

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mersal
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August 21, 2020, 06:42:50 AM
 #76

Maybe we should not think that right now, first of all 86 years from now we are not sure if we are still alive, maybe most of us are already weak by that time. Let's just enjoy the benefits of bitcoin and how we can use it for the development of our lives. If the time comes when 2106 is near and bitcoin continues to grow, surely the new generation have the knowledge of everything to fix that problem.

If you are a bit coin maximalist then you should care about it even if you are not going to live by that year, if there is a bug then it won't be accepted by most of the people then it won't going to be a main stream payment of this world.But as far as I understand this is not really a big issue, the miner needs to update so they won't get excluded from the network and its pretty simple though.

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