Since the blockchain is the only place where all bitcoin balances are stored, a deletion of all blockchain copies would mean that no bitcoins exist anymore, of course.
We don't know how long humankind will continue to exist (at the moment, we're working diligently to minimize the time of our presence on this planet), but I suspect that unless a truly catastrophic event exterminates us, some copies of the blockchain will be preserved on hard disks or other media in well-protected places or even in scrapped computers on landfills somewhere.
So I won't say "it can't happen" but it is an extremely unlikely event, and when that event happens, nobody would be left to bother, so why should we bother now?
Onkel Paul
Topic: If all block chain copies get deleted, what would happen? - page 2. (Read 2175 times)
Imagine it's impossible due to the number of blockchain backups. Even if there was a virus out there corrupting blockchain files, there are always going to be offline copies on harddrives / USBs etc.
Why would all the copies be deleted?
And secondly, they would have to be deleted simultaneously and no one can object.
And secondly, they would have to be deleted simultaneously and no one can object.
What would happen if all block chain copies get deleted at one time?
the truth is it's not possible but nothing is impossible for man.....
There are copies out there saved. It would not have to start over but might lose some transactions in theory. But I agree it is a impossible thing to happen.
What would happen if all block chain copies get deleted at one time?
the truth is it's not possible but nothing is impossible for man.....
Never thought of that and don't think it can happen, let's see what Bitcoin Gurus has to say about this.
Bitcoin would stop.
You need the previous block to "build upon", without which it wouldn't work.
Another genesis block would need to be created...
It's most likely that LTC would just take over...
You need the previous block to "build upon", without which it wouldn't work.
Another genesis block would need to be created...
It's most likely that LTC would just take over...
There are full members of the community and some are the regular users who have the full software keep the blockchain and know something
about the system they are never going to delete the blockchain.
about the system they are never going to delete the blockchain.
What would happen if all block chain copies get deleted at one time?
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