Will Bitcoins vanished in one day when we woke up?

[palle11]

I don't think that will happen that we woke up and not find bitcoin anywhere. Some bitcoin have been lost or locked out in some unknown wallet but that will not cause all bitcoin to be lost. Most bitcoin that were lost happened in the past when the knowledge of how to own and handle the coins stored in the wallet were very minimal, then some hodlers of bitcoin barely understand wallet phrase, keys or password but the story is changing now and more people are securing their coins, so I don't easily know how bitcoin can varnish.

[Gallar]

Is there a situation where we woke up one day and found out all our bitcoins vanished? Blockchain or DLT has a common explanation where it is calculated to solve double spending problem which represent a incomparable transaction that are solve through the computers in the network?

If you think about it logically, something like that is not possible for bitcoin. Because as long as I buy bitcoins until now, I have never heard of someone mysteriously losing bitcoins, without a trace. So I don't really believe it, let alone look at the security implemented in these existing wallets, all of them have very strong security, and it looks like it will be very difficult, even for great hackers.

If the price goes to zero, it's still reasonable. Because only its value decreases and disappears. But this also does not apply to bitcoin, the decentralization that is applied to bitcoin means that no one can play with the price. So in conclusion, bitcoin disappears suddenly, whether it's in terms of price or bitcoin itself, it's very unlikely.

[sheenshane]

Is there a situation where we woke up one day and found out all our bitcoins vanished? Blockchain or DLT has a common explanation where it is calculated to solve double spending problem which represent a incomparable transaction that are solve through the computers in the network?

It depends but technically, most likely it happen to those people who didn't know how to properly store their Bitcoin.
Prone or possibly lost is that you stored it in a centralized exchange or wallet, it will never vanish if you have control of your key.

Remember that it should be 3 confirmations before the transaction is called safe and even double spending can't do.
Understanding the basic function of Bitcoin, it's always an advantage if we are knowledgable enough about how to use Bitcoin.

[Luffygroove]

Uhm I think it's super unlikely that all the Bitcoins would just disappear overnight. So basically, Bitcoin uses this thing called blockchain to keep everything safe and nobody can mess with it. Before anything gets added to the blockchain, a bunch of nodes and miners have to verifiy it. IMHO, it's like super hard for anyone to mess with or erase transactions because of this.
The double-spending prob is when digital cash is used and someone spends the same money twice. It's a real issue I think. But apparently, blockchain tech solves this prob by making a network that's decentralized where every transaction gets verified and recorded on a public ledger that everyone shares. So basically, it's super unlikely that all the Bitcoins would disappear because of the security stuff set up by the blockchain tech. Finger crossed.

[martyns]

That is the last prayer we can ever pray for now,and that is the last thing we want to even hear, because what Bitcoin has done to our lifes,I don't think any government of any nation can ever do,making employment opportunity available for that large amount of crowd in the crypto space.Bitcoin's importance can never be over emphasised

So many times,the government of different nations have tried to ban Bitcoin,but the more they try,the more it gains more recognition.There is no way any government can silence Bitcoin,because even the richest men of the world are investing in Bitcoin, therefore giving it stability.We will never pray for that,and we can't wake up any day to see that Bitcoin has vanished.Bitcoin has come to stay,and it is better for you to get that ideology out of your mind now.

[Taskford]

Is there a situation where we woke up one day and found out all our bitcoins vanished?

No chance that it will happen since no one can access your bitcoin easily unless you give your private key to someone you thought trusted person. Also your thoughts is unlikely gonna happen since we can see blockchain is very well establish. Also just make sure that you never click any harmful links or download anything unknown since maybe from that hackers can find loopholes on your wallet and stole your balance. There are some incident from the past which the wallet owners forget they have bitcoins left on their wallet but you can see that it never been deducted nor vanished easily. So this kind of thoughts is really impossible to happen.

[Renampun]

Is there a situation where we woke up one day and found out all our bitcoins vanished? Blockchain or DLT has a common explanation where it is calculated to solve double spending problem which represent a incomparable transaction that are solve through the computers in the network?

Is this meaningless disappearance, like just disappearing, without any reason?

^ if this is what you mean then I don't know if it will happen but seeing the resilience of bitcoin until now (even though in essence what is created by humans has a chance to disappear but for bitcoin I don't think that will happen) the possibility of it happening (bitcoin disappearing) is very small.

just rest assured that Bitcoin won't go away even if there are issues/rumors quantum computers can hack it (sounds like a fairy tale) lol.

[RiverBoy]

It's impossible for Bitcoin vanished over night, accept the stolen wallet that the private key has been compromised, which is Bitcoin has created for future usage and no have control to anyone.

[virasog]

Is there a situation where we woke up one day and found out all our bitcoins vanished? Blockchain or DLT has a common explanation where it is calculated to solve double spending problem which represent a incomparable transaction that are solve through the computers in the network?

Yes, it can happen that you wake up one day and see all your bitcoins are vanished and stolen / hacked by someone if you do not keep your seed phrases safe however if you meant that overall bitcoin to be disappeared altogether then it is not possible. Can you say that one day you wake up and see there is no internet globally? Of course, the answer to this is No.
Similarly thinking Bitcoin blockchain to have vanished, when it is decentralized, is not possible.

[Woodie]

If everything is done in the correct manner and  propesecurity measures are put in place, I don't see a situation were coins just vanish in thin air, unless you share your computer with someone knowledgeable about cryprocurrencies,  and maybe you are fond of using pirated software which could have malware that is stealing your data.

And in a situation of double spending, well low fees could trigger this as you try to speed up a transaction by replacing a fee but coins should still come through unless its a scammer that doesnt want to send the correct amount to you.

[TheGreatPython]

Is there a situation where we woke up one day and found out all our bitcoins vanished? Blockchain or DLT has a common explanation where it is calculated to solve double spending problem which represent a incomparable transaction that are solve through the computers in the network?

Yes, it's possible that all your Bitcoins vanish overnight and you wake up only to find out that your wallet is empty, but that won't happen because of double spending or the 51% attack, but only if you are storing your Bitcoins in either an online wallet or in a platform wallet like an exchange or anything else because in that case, your assets are always at the risk of being stolen.

That is the reason why it is important to always store your Bitcoins or any other cryptocurrencies in a secure wallet, it should either be a hardware wallet or a wallet that gives you access to your private keys, Electrum is an example of that.