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According to this article and this one, the theory about black holes is all false.

A while ago, Indian astrophysicist Abhas Mitra studied and discovered that black holes are not what they were thought to be. It doesn’t succumb anything that’s around it. Rather, black holes are ultra hot fire balls, similar to Sun. Abhas Mitra said that the gas streams which are being pulled inward by gravity, get extremely hot by friction and may radiate X-rays. Eminent physicist Stephen Hawking also agreed upon the fact that Black holes do not actually exist.

Are the above articles reliable? Does Stephen Hawking actually disagree on the existence of black holes?

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No, that isn't exactly what Stephen Hawking said.

What Hawking did was propose an explanation to one of the most puzzling problems in theoretical physics. How can black holes exist when they seem to break two fundamental laws of physics?1:

PBS explains:

Last week, famed physicist Stephen Hawking made headlines with this bold statement: “there are no black holes.”

Those words come directly from Hawking’s latest paper, but they are contained within a larger point involving the mechanics of a black hole and its famous “event horizon.” (That’s the area thought to exist around a black hole from which nothing, not even light, can escape.) To be clear, Hawking was not claiming that black holes don’t exist. Astronomers have been observing black holes for decades, said Joseph Polchinski, theoretical physicist at the Kavli Institute for Theoretical Physics at the University of California, Santa Barbara.


Related: Abhas Mitra states that Hawking reached the same conclusion as a paper Mitra published in 2000.4:

Recent observation by NASA scientists of giant flares of X-rays from a black hole confirms his theory that the so-called black holes are not "true" black holes but actually ultra hot balls of fire like our Sun.2

NASA explains further:

NASA Blackhole This diagram shows how a shifting feature, called a corona, can create a flare of X-rays around a black hole. The corona (feature represented in purplish colors) gathers inward (left), becoming brighter, before shooting away from the black hole (middle and right). Astronomers don't know why the coronas shift, but they have learned that this process leads to a brightening of X-ray light that can be observed by telescopes.

In simpler terms, the classic idea of a black hole - where nothing can escape its gravitational pull - is invalid. The black hole can be seen emitting x-rays. If the classic idea of a black hole existed, then no corona nor can x-rays emit from the black hole.


Footnotes

1PBS Newshour
2NDTV
3NASA
4India Today

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    The NDTV/India Today sources are a MESS in terms of the astrophysics. First of all, seeing high energy emissions from black holes is completely normal. For example, we've been observing quasars since the 50s. So no, it's not surprising to see X-rays from a supermassive black hole. There might have been something special about the recent NASA observations, but that isn't mentioned. Mitra's model might have some features that would allow one to use observations to differentiate between quasars and his objects, but that's not mentioned.
    – KAI
    Commented Dec 3, 2015 at 22:59
  • Furthermore, Mitra's model seems to address stellar mass black holes. These do indeed form from the collapse of massive stars. But the observations are of supermassive black holes, which are a completely different kind of beast. They don't form in the same way (they have to accrete up by some not completely understood mechanism). So how his model would possible work for supermassive black holes is not explained.
    – KAI
    Commented Dec 3, 2015 at 23:00
  • @Oddthinking Thank you for the appropriate edits.
    – Ruut
    Commented Dec 10, 2015 at 15:13
  • @KAI I am a mechanical engineer. I am not a physicist. Although I have taken my requisite courses in physics, I am especially not a quantum/theoretical physicist. I can only provide an answer that is published in a peer reviewed manner - the scientific manner. I use science every single day I am at work, in order to achieve a favorable result to a problem put forth before me. It is not my place, nor my desire, to argue, disagree, or even defend against peer reviewed material. If I am to do that - then I should naturally provide my own peer reviewed material. Can we at least agree on that?
    – Ruut
    Commented Dec 10, 2015 at 15:24
  • I'm not disagreeing with you. I'm saying that the links don't really make sense to me, but that's not your fault as you have cited what seem to be completely reasonable sources.
    – KAI
    Commented Dec 10, 2015 at 16:56
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No, Hawking didn't deny the existence of black holes. Hawking said that, in light of new understanding, the previous definition of black holes wasn't strictly accurate and proposed a better definition to describe the same entities. He wasn't denying that the entities known as black holes existed. (1) :

The absence of event horizons mean that there are no black holes - in the sense of regimes from which light can’t escape to infinity. There are however apparent horizons which persist for a period of time. This suggests that black holes should be redefined as metastable bound states of the gravitational field. It will also mean that the CFT on the boundary of anti deSitter space will be dual to the whole anti deSitter space, and not merely the region outside the horizon.

(1) Information Preservation and Weather Forecasting for Black Holes S.W. Hawking (Cambridge U., DAMTP). Jan 22, 2014. 4 pp. e-Print: arXiv:1401.5761 [hep-th] | PDF.

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    I think your summary is misleading. Hawking said that, in light of new understanding, the previous definition of black holes wasn't strictly accurate and proposed a better definition to describe the same entities. He wasn't denying that the entities known as black holes existed.
    – Oddthinking
    Commented Nov 30, 2015 at 3:01

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