Game does not load with new java 8 update; nor can it load up a world with the minimum required java 7.

Put the summary of the bug you're having here

What I expected to happen was...:
Play Minecraft with no damn loading issues.

What actually happened was...:
Game cannot load nor stay loaded and crashes due to an error within the game itself.

Steps to Reproduce:
1. Own laptop with windows 8.1
2. Download minecraft
3. download latest java update
4. Try running Minecraft and thereafter it won't load.
OR WITHOUT LATEST JAVA UPDATE...
I also experienced the game just not being able to load, saying that I needed to "update my byte size from 54..... to 240.........." or something. Never had problems before.