First of all, this debate is about what the Bible says, NOT about whether what the Bible says is true or not. Believing that the Bible is true is a matter of faith, but what the Bible says can be objectively verified because it is a real, physical book, the contents of which even atheists can agree on.
Now, for the debate. I believe that the Bible supports the position that the unsaved are annihilated; that is, they simply die and are gone. There is no eternal torment in Hell or anything like that. What is the evidence of this? Well, for starters, let’s try that perennial Christian favorite, John 3:16:
This seems pretty obvious: those who believe have eternal life, those who don’t will perish. But, wait! There’s more!
Do you see a pattern here? Everyone who asked Jesus about salvation asked how to get eternal life, and Jesus did not disagree with this. This is also consistent with the main theme of Christian theology as well. Christians believe that because of original sin, mankind was condemned to die. Then Jesus died and was resurrected, thus defeating sin and death, which are really the same thing. That’s why the traditional Christian creed emphasizes the resurrection of the body. If the “soul” cannot die, what’s the point of being resurrected? I conclude with Revelations 20:14-15: