sshai45 said:
Does this mean that the curved space just exists of its own and doesn't require any energy (mass) present (unlike the curvature caused by "ordinary" objects) to sustain it?
It means that this particular configuration of curved spacetime (not just space), once it is formed, is static--it stays the same forever. (This is obviously an idealization, which assumes that nothing else ever falls into the black hole, and also that we can ignore quantum effects like Hawking radiation.) But the configuration still has to form in the first place; some massive object has to collapse to form it.
(Technically, there is a mathematical solution, the "maximally extended Schwarzschild spacetime", which describes a black hole that is not formed by a collapsing object; but that's a mathematical solution only. As far as I know, nobody believes that it is physically reasonable.)
sshai45 said:
Does this also imply the destruction of energy (mass), and so that "conservation of energy" is invalid here?
Good question. There are two answers:
(1) From the standpoint of someone far away from the collapsing object, and from the black hole that forms from it, there is still "mass" present; it does not disappear when the collapsing object vanishes into the singularity. By "mass" I mean that, for example, if you were orbiting the original object before it collapsed (i.e., you were far enough away that you were outside the original object to begin with), your orbit would not change during the collapse and the formation of the black hole (this is in the idealized case of a spherically symmetric collapse with no radiation emitted by the collapsing matter); from the orbital parameters alone you would not even be able to tell that the collapse had happened. So from a global perspective the whole process does "conserve energy".
(2) Locally, however, there is indeed an issue with energy conservation when the collapsing matter vanishes into the singularity. However, strictly speaking, physicists do not think that this prediction of GR is what actually happens; rather, they take this prediction of GR, that a singularity of infinite density and infinite spacetime curvature forms, to be an indication that this situation is beyond GR's domain of validity. That is why you will see physicists saying that GR "breaks down" at the singularity, and that we need some new theory, presumably a theory of quantum gravity, to tell us what actually happens to the collapsed object. We would then want that new theory to explain how local energy conservation is maintained.
sshai45 said:
Is it also possible that if energy can be annihilated, then that perhaps there is also some other process out there that can create it out of nothingness, and this could explain the big bang?
The "initial singularity" of the big bang, with the universe starting at infinite density, is another prediction of GR that, strictly speaking, physicists do not think describes what actually happens; again, physicists take this prediction as an indication that GR is being pushed beyond its domain of validity. There are various theories about how the early universe evolved to a point where the standard "hot big bang" theory, which includes the standard GR model of the universe's expansion, can take over. Some of these theories involve the creation of the matter and energy we observe out of something different, but as far as I know, none of them involve creation "out of nothing"--there is always *something* there, even if it's just a quantum field.
sshai45 said:
And if there is no mass there, then what does it mean to say a black hole has a given mass?
It means that you can put objects in orbit about the black hole, measure their orbital parameters, and compute a "mass" for the hole using Kepler's Third Law. This mass, M, is what appears in the Schwarzschild metric that describes the curvature of spacetime around the hole.