Showing posts with label How can bitcoin fail. Show all posts
Showing posts with label How can bitcoin fail. Show all posts

Thursday, August 16, 2018

How can Bitcoin fail?

  • Bug discovered or coding error
  • Encryption broken
  • Hacking attack on Bitcoin nodes and Wallets
  • Internet access cut off for countries - undersea cables and satellite
  • Malware / virus deletes blockchain on nodes
  • New cryptographic discover renders Bitcoin obsolete
  • Not physically backed asset - e.g. Gold (even though energy used)
  • No real use case
  • Quantum computing breaks encryption
  • Regulation by Governments with tax policy
  • Regulation by Central banks not allowing Fiat into the Bitcoin ecosystem and out of the Bitcoin ecosystem
  • Satoshi Nakamoto identity revealed or sells Bitcoin
  • Trust issues - no trust, no confidence, trust broken

USA Elections 2024 and Bonfire Night in the UK: A Night of Democracy, History, and Anticipation For Bitcoin

November 5, 2024, is shaping up to be a night of high energy and deep significance on both sides of the Atlantic. In the United States, mill...