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Topic: Dead by 2106 - page 2. (Read 850 times)

legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
August 11, 2020, 09:26:27 PM
#56
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.
jr. member
Activity: 52
Merit: 2
August 11, 2020, 09:17:30 PM
#55
Disagree. Everything is changing to be better
hero member
Activity: 1484
Merit: 535
August 11, 2020, 08:39:21 PM
#54
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 !!!
sr. member
Activity: 1400
Merit: 269
August 11, 2020, 07:47:22 PM
#53
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.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
August 11, 2020, 06:59:31 PM
#52
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  Tongue
hero member
Activity: 2996
Merit: 609
August 11, 2020, 06:57:55 PM
#51
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.
hero member
Activity: 2184
Merit: 531
August 11, 2020, 05:32:19 PM
#50
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 Wink
hero member
Activity: 2828
Merit: 518
August 11, 2020, 05:13:14 PM
#49
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.
full member
Activity: 686
Merit: 125
August 11, 2020, 04:47:33 PM
#48
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  Grin
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.
full member
Activity: 1638
Merit: 122
August 11, 2020, 03:41:07 PM
#47
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  Grin
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 .
hero member
Activity: 2114
Merit: 603
August 11, 2020, 02:52:15 PM
#46
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.
legendary
Activity: 2268
Merit: 18748
August 11, 2020, 02:14:47 PM
#45
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.
sr. member
Activity: 2030
Merit: 323
August 11, 2020, 11:37:26 AM
#44
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.
legendary
Activity: 2814
Merit: 2472
https://JetCash.com
August 11, 2020, 04:18:35 AM
#43
I'll be 164 when this happens. Should I start to plan for this event now?
member
Activity: 518
Merit: 23
★Bitvest.io★ Play Plinko or Invest!
August 11, 2020, 04:08:25 AM
#42
A really interesting topic :

Quote
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.
hero member
Activity: 2324
Merit: 562
DGbet.fun - Crypto Sportsbook
August 11, 2020, 02:39:59 AM
#41
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  Grin
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.
legendary
Activity: 3472
Merit: 10611
August 10, 2020, 10:56:25 PM
#40
but what i was talking about was the block height being pushed to the stack inside the signature script (ie. BIP-34).
So, am I right in saying then that there is also a hard limit on block height, at 2,147,483,647? Some quick back-of-the-envelope math suggests that we will hit that limit somewhere around the year 42,906. Better start working on a fix ASAP. Tongue

yeah Smiley
the nHeight that is being pushed to the temporary script here to be compared with the coinbase script is of type Int32 so it is limited by that.
https://github.com/bitcoin/bitcoin/blob/b75f2ad72db6db93665c66279a4c9e8d5d89f027/src/validation.cpp#L3554-L3561
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
August 10, 2020, 11:19:22 AM
#39
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?
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, the developers at that time will fix it and we need to leave it to them because it doesn't really make a lot of sense to try to fix it now when we know what the problem is, how far away it is, and we have a lot of other things to concentrate on.

But you should not be surprised that those that hate bitcoin will use this as a way to try to show that if there is a bug like that in the code then some other things could have slipped in and that no one has found yet, obviously for us that notion is ridiculous but you can be sure they're going to try to use that to scare people away from this market.
legendary
Activity: 2268
Merit: 18748
August 10, 2020, 04:15:22 AM
#38
you and i are talking about two entirely different things.
Yeah, my bad. I read your post earlier in the day on mobile, then came back later to write my post on desktop, and mashed it together in my head with my reply regarding timestamps which I had been thinking about.

(and thanks for the explanation, i didn't know about the median time)
Relevant code: https://github.com/bitcoin/bitcoin/blob/b75f2ad72db6db93665c66279a4c9e8d5d89f027/src/validation.cpp#L3506-L3512

but what i was talking about was the block height being pushed to the stack inside the signature script (ie. BIP-34).
So, am I right in saying then that there is also a hard limit on block height, at 2,147,483,647? Some quick back-of-the-envelope math suggests that we will hit that limit somewhere around the year 42,906. Better start working on a fix ASAP. Tongue
member
Activity: 994
Merit: 11
Daxetoken.net
August 10, 2020, 03:22:03 AM
#37
86 years is a long time, maybe some of us have been through it, 2009 to 2020 alone there are 2 hard forks to solve this problem, I'm sure we don't have to worry until 2106 is still very long, there must be lots of great people who are able to fix bug problems ,
We are already dead that time and if that problem in bitcoin will really exist then i think a new coming generation will solve that issue if they want bitcoin to continue alive and become useful in crypto planet for a long time.
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