Why is the world so sure that Bitcoin and blockchain is foolproof. What if there's a critical flaw that everyone has overlooked or not noticed and the whole system crashes down? Is it really impossible? Is Bitcoin a perfect machine or system?
Nobody ever said it is foolproof, the BTC network has no central authority in control, all it has is its community, so it is up to us all to fight against threats, identify bugs and to propose improvements on the network. You cannot ask 'what if there is this or that', you check if there is, it is all open source and you can verify everything yourself, if you don't have the knowledge, support those who have it, anyhow you can. 
Topic: What if There's a Bug No One Has Seen in Bitcoin? - page 2. (Read 378 times)
Did you find any bug?
Bitcoin is an open source project that is totally free, you can check if there is any bug yourself!
From 2008 -2009 till date that bitcoin has existed there have been lots of reviews but no bug exist till now, there have been some other vulnerabilities/bugs which you can check here but has been fixed 100%
For the record, nobody said bitcoin is the almighty and perfect project. With the way you sound from the beginning you seem antagonistic to bitcoin so you should know better if it's a perfect system.
Bitcoin is an open source project that is totally free, you can check if there is any bug yourself!
From 2008 -2009 till date that bitcoin has existed there have been lots of reviews but no bug exist till now, there have been some other vulnerabilities/bugs which you can check here but has been fixed 100%
For the record, nobody said bitcoin is the almighty and perfect project. With the way you sound from the beginning you seem antagonistic to bitcoin so you should know better if it's a perfect system.
We have discussed this many times in this forum and there are many topics about it. As you can see, the OP is a newbie and I think this topic was created only to increase the activity of the OP.
But about the Bitcoin bug. Bitcoin has been launched for more than 10 years and has evolved a lot over the years. But so far no one has been able to create/find a vulnerability in the Bitcoin system. Is more than 10 years not enough time?
Why is the world so sure that Bitcoin and blockchain is foolproof. What if there's a critical flaw that everyone has overlooked or not noticed and the whole system crashes down? Is it really impossible? Is Bitcoin a perfect machine or system?
If there is a bug that could crash the full system, there is always the chance to make a hardfork. And bring back the blockchain to the point where the bug hasn't been exploited, and with the correct patch for the bug before running again.
It already happened in the past, remember there was a bug that allowed a user to generate 184M bitcoin, and the developers including satoshi, had to fix the bug and make a hard fork. So, if it happens again, there will be a solution, it doesn't mean the end of bitcoin.
Why is the world so sure that Bitcoin and blockchain is foolproof. What if there's a critical flaw that everyone has overlooked or not noticed and the whole system crashes down? Is it really impossible? Is Bitcoin a perfect machine or system?
There was a bug in 2010, which made 184 billion BTC to be created out of nothing
Most people running clients are not reading this message thread. So... Silly questions:
1) How will this continue to affect version 3.8.1 (pre-catastrophe) clients with bad block chain?
2) How will this affect clients that upgrade to 3.8.10 but don't remove their block chain files?
1) Once more than 50% of the node power is upgraded and the good chain overtakes the bad, the 0.3.10 nodes will make it hard for any bad transactions to get any confirmations. 1) How will this continue to affect version 3.8.1 (pre-catastrophe) clients with bad block chain?
2) How will this affect clients that upgrade to 3.8.10 but don't remove their block chain files?
2) If you didn't remove your blk*.dat files, you're not helping to contribute to that 50%, and you'll still show bad transactions until the good chain overtakes the bad chain.
Why is the world so sure that Bitcoin and blockchain is foolproof. What if there's a critical flaw that everyone has overlooked or not noticed and the whole system crashes down? Is it really impossible? Is Bitcoin a perfect machine or system?
Bug? is that what you mean, if you have discovered one then tell us, but am sure that you can never discover for any, instead, you have to read more better on the bitcoin network, block chain protocols and the bitcoin nodes, these among others are enough to tell you that bitcoin is a perfect solution to the current financial economy challenge we have, its all about transparencies, trust, consistencies, immutability, if there have been any bug on the network, then all the developers across the world were wrong, which is merely impossible, government also make use of blockchain, if any bug have been seen in bitcoin network, it would have been announced over 14 years ago.
Why is the world so sure that Bitcoin and blockchain is foolproof. What if there's a critical flaw that everyone has overlooked or not noticed and the whole system crashes down?
I think the assurance is derived in it's open source nature from the blockchain. Nothing seem to be hidden from any body and that transparency alone gives users rest.If there was any critical flaw as we speak right now the antagonists of bitcoin won't waste a secomd to alarm it just to creat fear that would lead to it's downfall. So since there has not been such alarm even now then there's no such flaw. However we ain't saying bitcoin is perfect.
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Is it really impossible? Is Bitcoin a perfect machine or system?
just as I said above, nothing of human invention is perfect but when a development is working smoothly we've got to appreciate it for what it is. 
Why is the world so sure that Bitcoin and blockchain is foolproof. What if there's a critical flaw that everyone has overlooked or not noticed and the whole system crashes down? Is it really impossible? Is Bitcoin a perfect machine or system?
I don't believe anything in this life is perfectly built or developed; there are always some errors and things that people won't like about it, or, as I would put it, there will always be a tinny or minor problem that should be there. When you talk about bugs, I believe the developers have been doing so well in fixing some of the minor bugs on the network, and so far I don't even allow myself to be worried about what is perfect and what's not. At least for the main time, bitcoin has proven worthy of trust, which makes most of us feel relaxed having it as our point of investment.
Why is the world so sure that Bitcoin and blockchain is foolproof. What if there's a critical flaw that everyone has overlooked or not noticed and the whole system crashes down? Is it really impossible? Is Bitcoin a perfect machine or system?
What will crash down bitcoin will be able to generate enough hashrates that can reverse many transactions back in a 51% attack. But with the hashrates bitcoin is having, that is not possible. Anyone that wants to do that will only waste time and resources and yet still fail. That is where I see vulnerability can come but which is very hard to do.
Did you find any bug?
Bitcoin is an open source project that is totally free, you can check if there is any bug yourself!
From 2008 -2009 till date that bitcoin has existed there have been lots of reviews but no bug exist till now, there have been some other vulnerabilities/bugs which you can check here but has been fixed 100%
For the record, nobody said bitcoin is the almighty and perfect project. With the way you sound from the beginning you seem antagonistic to bitcoin so you should know better if it's a perfect system.
Bitcoin is an open source project that is totally free, you can check if there is any bug yourself!
From 2008 -2009 till date that bitcoin has existed there have been lots of reviews but no bug exist till now, there have been some other vulnerabilities/bugs which you can check here but has been fixed 100%
For the record, nobody said bitcoin is the almighty and perfect project. With the way you sound from the beginning you seem antagonistic to bitcoin so you should know better if it's a perfect system.
I think at this point we can just point to the trilemma and say it's not scalable?
Why is the world so sure that Bitcoin and blockchain is foolproof. What if there's a critical flaw that everyone has overlooked or not noticed and the whole system crashes down? Is it really impossible? Is Bitcoin a perfect machine or system?
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