Bitcoin is immortal

[Redley555]

Let's say (hypothetically) governments find a way to shut down Bitcoin or centralize the whole thing. Even if they succeed, Bitcoin will survive because of its open source nature. Meaning, anyone with the code can just re-launch BTC and restore its decentralized capabilities. Not even purging or banning GitHub (or similar) repositories will be able to destroy Bitcoin. And don't get me started on Quantum computing.

At this point, I'd say Bitcoin is immortal. Wouldn't you agree? If not, may I ask why?

Your input would be greatly appreciated. Thank you.

Judging from what we are saying i understand why you think it's immortal, but i don't it is Michael Saylor may think so too that's because he has a lot of Bitcoins. Due to Bitcoin decentralized nature and the large it has gotten from people some may think it is immortal but it's not if it starts loosing relevance, governments regulations can crash it, a lot of factors can make Bitcoin break but for now let’s make use of it

[henry_of_skalitz]

I say with great faith that Bitcoin is immortal, Bitcoin has been around historically and now it has become the most valuable currency within the cryptocurrency. Bitcoin has truly created a new era that will never end and Bitcoin will gain people's trust in the future with its security.

I would rather say that BTC is the most resilient coin out there, it would describe it more properly, imo.

[CryptoSpark]

I wouldn't say it's immortal but it will be the most long lived. Some new better unimagined technology may come along some day, quantum money that doesn't even need a ledger for instance......don't ask my what or how, the point it something better always comes along eventually otherwise we'd still be trading with shells and stones.

I don't see any other cryptocurrency replacing Bitcoin though, they have their own use cases and roads to walk.

[FortuneFollower]

I wouldn't say it's immortal but it will be the most long lived. Some new better unimagined technology may come along some day, quantum money that doesn't even need a ledger for instance......don't ask my what or how, the point it something better always comes along eventually otherwise we'd still be trading with shells and stones.

I don't see any other cryptocurrency replacing Bitcoin though, they have their own use cases and roads to walk.

BTC doesn't need to be something that would bring results in a day or so and break through with technology and hype - it should just stay on its course and adapt if needed, that would put it in the best position possible.

[DanWalker]

I wouldn't say it's immortal but it will be the most long lived. Some new better unimagined technology may come along some day, quantum money that doesn't even need a ledger for instance......don't ask my what or how, the point it something better always comes along eventually otherwise we'd still be trading with shells and stones.

I don't see any other cryptocurrency replacing Bitcoin though, they have their own use cases and roads to walk.

Bitcoin is just a product of technological development and technology is still developing, even tends to develop at a faster rate. So I also agree that bitcoin is not immortal and there will come a time when something better will be created to gradually replace it, just like what it is doing with fiat money, gold...other traditional assets. But one thing we can be sure of is that it won't happen anytime soon and the process will be gradual, not sudden. So if we can live until then, we will have enough time to adapt.

Looking at the overall development of the cryptocurrency industry, it is true that no altcoin can replace bitcoin in the near future but anything is possible.

[fikrett]

Bitcoin is just a product of technological development and technology is still developing, even tends to develop at a faster rate. So I also agree that bitcoin is not immortal and there will come a time when something better will be created to gradually replace it, just like what it is doing with fiat money, gold...other traditional assets. But one thing we can be sure of is that it won't happen anytime soon and the process will be gradual, not sudden. So if we can live until then, we will have enough time to adapt.

Looking at the overall development of the cryptocurrency industry, it is true that no altcoin can replace bitcoin shortly but anything is possible.

Because alts search for profit, not some set of ideals or concepts to push for - unfortunate, yet logical.

Because it's natural that everything that was done after BTC saw through the ideas that can be utilized and be profited from (in the perspective), whereas BTC shot high, without knowing whether it would pay off or not.

[Yoona_As]

Yes brother it is true Bitcoin is immortal, Bitcoin has been ruling the cryptocurrency space since history. With the high price of Bitcoin. Bitcoin is a currency that is not controlled by any government or bank and it has been able to ensure true freedom for the common man. And Bitcoin has become a digital gold in the present day where even if the population increases and demand increases, the supply cannot be increased, as a result it has a very good impact on its investment and has given investors confidence that it is able to maintain its value and will continue to increase with the increase in value.

[SUPERSAIAN]

Let's say (hypothetically) governments find a way to shut down Bitcoin or centralize the whole thing. Even if they succeed, Bitcoin will survive because of its open source nature. Meaning, anyone with the code can just re-launch BTC and restore its decentralized capabilities. Not even purging or banning GitHub (or similar) repositories will be able to destroy Bitcoin. And don't get me started on Quantum computing.

At this point, I'd say Bitcoin is immortal. Wouldn't you agree? If not, may I ask why?

Your input would be greatly appreciated. Thank you.

Bitcoin never dies I agree with you. Technological Durability We know that the distributed structure of the Blockchain, the Bitcoin network is highly resistant to cyber attacks and technical failures.

Bitcoin is resistant to government or institutional control, so there is no possibility of a government or leader stopping Bitcoin. Bitcoin has survived many crises, ban attempts and price crashes in the past, and if such a situation occurs again, it will survive again.

[criptoevangelista]

Let's say (hypothetically) governments find a way to shut down Bitcoin or centralize the whole thing. Even if they succeed, Bitcoin will survive because of its open source nature. Meaning, anyone with the code can just re-launch BTC and restore its decentralized capabilities. Not even purging or banning GitHub (or similar) repositories will be able to destroy Bitcoin. And don't get me started on Quantum computing.

At this point, I'd say Bitcoin is immortal. Wouldn't you agree? If not, may I ask why?

Your input would be greatly appreciated. Thank you.

Bitcoin never dies I agree with you. Technological Durability We know that the distributed structure of the Blockchain, the Bitcoin network is highly resistant to cyber attacks and technical failures.

Bitcoin is resistant to government or institutional control, so there is no possibility of a government or leader stopping Bitcoin. Bitcoin has survived many crises, ban attempts and price crashes in the past, and if such a situation occurs again, it will survive again.

As long as there's one person connected to the internet running the Bitcoin software, it will remain alive. Bitcoin is something that has gone out of control in a positive way. Even if someone tries to attack it, the attack will always cost more than the value of the network. Not to mention that it's very difficult to attack something decentralized, all it takes is a software update, and the problem is solved while the software keeps running... we are all Satoshi

[BALIK]

Let's say (hypothetically) governments find a way to shut down Bitcoin or centralize the whole thing. Even if they succeed, Bitcoin will survive because of its open source nature. Meaning, anyone with the code can just re-launch BTC and restore its decentralized capabilities. Not even purging or banning GitHub (or similar) repositories will be able to destroy Bitcoin. And don't get me started on Quantum computing.

At this point, I'd say Bitcoin is immortal. Wouldn't you agree? If not, may I ask why?

Your input would be greatly appreciated. Thank you.

Bitcoin never dies I agree with you. Technological Durability We know that the distributed structure of the Blockchain, the Bitcoin network is highly resistant to cyber attacks and technical failures.

Bitcoin is resistant to government or institutional control, so there is no possibility of a government or leader stopping Bitcoin. Bitcoin has survived many crises, ban attempts and price crashes in the past, and if such a situation occurs again, it will survive again.

So far, Bitcoin is considered sustainable, secure and difficult to destroy, but it is still threatened by risks such as 51% attacks, quantum computers or protocol vulnerabilities. While these have never happened, it is clear that these are potential risks that bitcoin could face and we cannot deny that. So, to be fair, it's still too early to say that bitcoin is immortal.

Also, bitcoin was created after the 2008 financial crisis and so far the only crisis it has experienced is the covid pandemic. It has never experienced and faced devastating crises like world war or the great depression (1929-1933), 2008 like what gold has experienced. So there is not enough data yet to assert that BTC will be immortal if suddenly the world experiences similar things.

[madnessteat]

I wouldn't say it's immortal but it will be the most long lived. Some new better unimagined technology may come along some day, quantum money that doesn't even need a ledger for instance......don't ask my what or how, the point it something better always comes along eventually otherwise we'd still be trading with shells and stones.

I don't see any other cryptocurrency replacing Bitcoin though, they have their own use cases and roads to walk.

Bitcoin is just a product of technological development and technology is still developing, even tends to develop at a faster rate. So I also agree that bitcoin is not immortal and there will come a time when something better will be created to gradually replace it, just like what it is doing with fiat money, gold...other traditional assets. But one thing we can be sure of is that it won't happen anytime soon and the process will be gradual, not sudden. So if we can live until then, we will have enough time to adapt.

Looking at the overall development of the cryptocurrency industry, it is true that no altcoin can replace bitcoin in the near future but anything is possible.

None of us can know what awaits us in 10 years, and what will happen in 100 years can only be guessed. The Bitcoin network will work as long as there will be people interested in this technology who support the network. Technology does not stand still, so I have no doubt that future networks will work thousands of times faster than today's networks. Whether the Bitcoin network will be needed then can only be guessed. But if we take into account that this network is supported by the governments of some leading countries, we can say that they are interested in this technology.

[Abiky]

So far, Bitcoin is considered sustainable, secure and difficult to destroy, but it is still threatened by risks such as 51% attacks, quantum computers or protocol vulnerabilities. While these have never happened, it is clear that these are potential risks that bitcoin could face and we cannot deny that. So, to be fair, it's still too early to say that bitcoin is immortal.

Also, bitcoin was created after the 2008 financial crisis and so far the only crisis it has experienced is the covid pandemic. It has never experienced and faced devastating crises like world war or the great depression (1929-1933), 2008 like what gold has experienced. So there is not enough data yet to assert that BTC will be immortal if suddenly the world experiences similar things.

"Immortal" in the sense that the source code is widely distributed across cyberspace. Even if the main Bitcoin blockchain is shutdown (which is very unlikely to happen anytime soon), anyone can "relaunch" it by using an improved version of the source code. But you're right that external attacks remain a high-risk target against Bitcoin's network security. Nothing is 100% safe and secure against external threats.

At the pace Bitcoin is progressing, I'm sure developers will come up with a solution against Quantum Computing attacks. The chance of a double-spend attack in the future will be slim as more miners (hashrate) join the network. We can't predict what will happen in the future, so let's hope for the best.

[shinratensei_]

Judging from what we are saying i understand why you think it's immortal, but i don't it is Michael Saylor may think so too that's because he has a lot of Bitcoins. Due to Bitcoin decentralized nature and the large it has gotten from people some may think it is immortal but it's not if it starts loosing relevance, governments regulations can crash it, a lot of factors can make Bitcoin break but for now let’s make use of it

Maybe they can crash the price but not the network though, it's decentralized, as long as there's electricity and internet it will continue to live, now with countries racing to put satellite based internet do you think they can really break bitcoin with its decentralized nature?
It will be like in china where government bans bitcoin with regulation and all but apparently china still has crypto users.

[Shishir99]

Maybe they can crash the price but not the network though, it's decentralized, as long as there's electricity and internet it will continue to live, now with countries racing to put satellite based internet do you think they can really break bitcoin with its decentralized nature?
It will be like in china where government bans bitcoin with regulation and all but apparently china still has crypto users.

Correct. I think the government tried to stop Bitcoin in the early days. But since it is decentralized and the nodes are running on several computers all over the world, it is not possible for a single country to shut down the Bitcoin network. The number of nodes has increased a lot these days, and I don't think the governments will be able to shut the Bitcoin anymore.

In that sense, Bitcoin is immortal. I can think of a natural disaster or a world war that could destroy the internet system in the world. This could be the only way to stop Bitcoin. I don't see how else Bitcoin will be stopped by someone.

[Abiky]

Maybe they can crash the price but not the network though, it's decentralized, as long as there's electricity and internet it will continue to live, now with countries racing to put satellite based internet do you think they can really break bitcoin with its decentralized nature?
It will be like in china where government bans bitcoin with regulation and all but apparently china still has crypto users.

Exactly. If the "Deep State" and Banks crash the market, only prices will drop. But Bitcoin will be alive and running as usual. Assuming the Blockchain remains intact. Most people will quickly panic once market prices go all the way down the drain, so adoption for BTC will decline even with a healthy Blockchain network. I wonder how Bitcoin will survive this way?

No matter how you see it, Bitcoin is "immortal" because anyone with the code can re-launch it if "all hell breaks loose". It's virtually unstoppable. Just like the Internet. The future is full of surprises, so expect the unexpected. At least we know, Bitcoin will be fine during our lifetimes.

[BenCodie]

Maybe they can crash the price but not the network though, it's decentralized, as long as there's electricity and internet it will continue to live, now with countries racing to put satellite based internet do you think they can really break bitcoin with its decentralized nature?
It will be like in china where government bans bitcoin with regulation and all but apparently china still has crypto users.

Exactly. If the "Deep State" and Banks crash the market, only prices will drop. But Bitcoin will be alive and running as usual. Assuming the Blockchain remains intact. Most people will quickly panic once market prices go all the way down the drain, so adoption for BTC will decline even with a healthy Blockchain network. I wonder how Bitcoin will survive this way?

At this stage there are likely to be more and more buyers at previous all time high prices even if the market were to crash significantly. You are right that a market crash won't kill Bitcoin, but it is not entirely true that Bitcoin itself is immortal. 51% attacks are still possible if mining consolidates to a single entity from mining that isn't economically feasible for a long time.

No matter how you see it, Bitcoin is "immortal" because anyone with the code can re-launch it if "all hell breaks loose". It's virtually unstoppable. Just like the Internet. The future is full of surprises, so expect the unexpected. At least we know, Bitcoin will be fine during our lifetimes.

I don't think that Bitcoin is immortal because it can be forked. A new blockchain can be deployed though that would be a new blockchain, not Bitcoin. The technology introduced by Bitcoin is immortal in a way but Bitcoin itself, not entirely, it has some points of failure that could be exploited by very powerful parties, if they choose to take on that very expensive feet.

[Alpen]

At this point, I'd say Bitcoin is immortal. Wouldn't you agree? If not, may I ask why?

Your input would be greatly appreciated. Thank you.

I see where you're coming from, but I’d argue that miners are actually Bitcoin’s biggest vulnerability.
If mining gets forced underground, the network’s hashrate could drop significantly — and price usually follows.
Remember what happened when China kicked out miners? Hashrate and BTC price both crashed by nearly 50%.

[Outhue]

BTC may seem immortal. But it would die in a minute in a worldwide EMP collapse.

Good luck creating a EMP tech that's capable of taking down all the power grid in the whole world with just one button, this is straight out of a Sci-fi movie, it's never going to happen, there is nothing I can compare to been impossible than this, still not satisfied?

The sun, can EMP take down the sun too? Now I don't even run a power grid at home anymore, it's been disconnected because I run on solar panels 24/7, all my electricity with water pump are getting power for the sun.

I still manage to run few Bitcoin home miners too, so what are you trying to say? If the world don't have access to their electricity or network remember that the world is getting advanced, there are cities in China that depends heavily on the sun for energy.

[$weetne$$]

Maybe they can crash the price but not the network though, it's decentralized, as long as there's electricity and internet it will continue to live, now with countries racing to put satellite based internet do you think they can really break bitcoin with its decentralized nature?
It will be like in china where government bans bitcoin with regulation and all but apparently china still has crypto users.

At this point, I do not think Bitcoin can be killed again, it was in the past decade that the government negative publicity was having a bad impact on Bitcoin but that is not what he happening again instead all negative publicity are making Bitcoin more popular. There is a stage that something will get so popular that it can not be silence anymore and that stage is where Bitcoin is currently. The price of Bitcoin can crash but it is not going to end the existence of Bitcoin because this is not going to be the first or last time that the price of Bitcoin is going to crash. It is the volatility of Bitcoin that makes it so interesting to investors. Everything though will have its ending at last therefore Bitcoin is going to end one day but not anytime soon.

[Abiky]

Good luck creating a EMP tech that's capable of taking down all the power grid in the whole world with just one button, this is straight out of a Sci-fi movie, it's never going to happen, there is nothing I can compare to been impossible than this, still not satisfied?

The sun, can EMP take down the sun too? Now I don't even run a power grid at home anymore, it's been disconnected because I run on solar panels 24/7, all my electricity with water pump are getting power for the sun.

I still manage to run few Bitcoin home miners too, so what are you trying to say? If the world don't have access to their electricity or network remember that the world is getting advanced, there are cities in China that depends heavily on the sun for energy.

Shutting down the whole Internet seems impossible right now. Not even an EMP strike will do the trick. If the Internet survives, so will Bitcoin. To be prepared for the worst, BTC miners and nodes can be launched in space (on the Moon, or Mars, maybe?) to help guarantee the cryptocurrency's longevity.

In a way, Bitcoin is already immortal. Even if QCs and AI manage to successfully crackdown Bitcoin's network security, that alone won't stop the crypto itself from reviving itself in the future. The code is open source, so anyone can improve it and launch it again. If it abides by consensus rules, it won't be considered a fork. I don't envision BTC disappearing anytime soon. It might live well beyond the last BTC mined by 2140. You and I won't be alive by then, but our descendants will. The future is full of surprises, so anything can happen.