Bitcoin Forum

Guest Spot: Who or What Can Put an End to Bitcoin?
Over the past few years, Bitcoin has experienced a huge number of attacks and external criticism, getting a reputation of Antifragile. This term was coined by Nassim Nicholas Taleb and describes the phenomenon when something becomes popular under unfavorable conditions.

“Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile.”- says Taleb.

From this point of view, probably, in order to kill Bitcoin, you just have to stop criticizing it. However, in the world of constantly competing currencies and precious metals, this is very unlikely to happen.

Attacks on Bitcoin: Past, Present, and Future

Several months ago, the user of the Reddit network, under the nickname themetalfriend, compiled a list of all attacks that can be aimed at killing Bitcoin. In his opinion: there are three most common types of attacks on Bitcoin:

Attacks to slowdown the Bitcoin development
Attacks to slowdown the Bitcoin adoption
Attacks to reduce the efficiency of the Bitcoin infrastructure
From all the above it follows that all three types of attacks are interrelated. At the very least, they lead to the same result. Let’s consider each of them in more detail.
https://www.ccn.com/guest-spot-who-or-what-can-put-an-end-to-bitcoin/

At $2000, bitcoin looks more expensive than Gold when now gold at $1200/ounce is the safest investment supported by tonnes and tonnes of Gold purchased by Central banks worldwide.

Bitcoin above $2000 is the real enemy of Bitcoin. It looks like bitcoin will survive as 3rd tier digital asset and also digital currency.

Bitcoin has been storm resistant, any type of attack will not stop Bitcoin's journey towards a safe point for the future, this is the initial journey from BTC
95% of the people in the world will soon come to support BTC

This shows that bitcoin can withstand like gold. If bitcoin can get the attention of big people on it like this.

I think that only US special services will be able to close most of the crypto currency! If they destroy crypto-currency exchanges, then the coins themselves will not be necessary to anyone. it's my opinion

Hostgator rejecting bitcoin websites.

Because the world revolves around the US and their special services have limitless jurisdiction ;)

The only single event that could stop Bitcoin would be the same event that would cripple the Internet. We are far beyond the point where an organization, a country or an institution can stop Bitcoin. Bitcoin can only burn out by itself. Its greatest enemy is competition.

The government i guess can put an end to bitcoin and other cryptocurrency by clamping down on all exchange site and restricting all their citizens from having access to it.

Bitcoin price is too high that's why someone measure bitcoin as gold. In recent time so many big name and companies are connecting with bitcoin. That’s why government will also accept bitcoin in near future.

The only hurdle the coins need to overcome is the governments of the respective countries. That means if the government does not approve and restricts this market, then that might play a role in putting an end to the coins.

I think the thing that can put an end to bitcoin is bad investor and bad news. When investors are buying bitcoin with motive of using it for illegal act will lead to government giving bitcoin bad image in the presence of non users.

The only entity that can put a stop to BTC is the government. If they ban the practices of the crypto market and does not even let the operation of it begin, then it will put a stop to the market and on crypto.

Yes there's so many against bitcoin. from news, social media and etc but bitcoin still exist. And the community grow rapidly
Who can stop bitcoin, I think no one except all community stop to trust it, or no more internet connection that will kill bitcoin and other cryptocurrensy. And the last end of world

Massive manipulation and speculation can really harm the price of Bitcoin but still it wouldn't be enough for stopping Bitcoin completely. People might want to argue that the price of mining increasing than the actual value might end Bitcoin's journey but what actually happen to the coins that have already been mined? Even if I were to make an educated guess rather than just speaking out of emotions, I would have said Bitcoin has already strengthen it's position among us.

To put an end on something which is being criticized all over the world, it's pretty tough. But, as the world is revolving with the hand of US, this only country might stop this crypto economy in a hypothetical way. Fairly speaking, in reality this can't be done actually to put an end on it.

Bitcoin has been storm safe, any kind of assault won't stop Bitcoin's adventure towards a sheltered point for the future, this is the underlying trip from BTC. 95% of the general population on the planet will before long come to help BTC.

The main single occasion that could stop Bitcoin would be a similar occasion that would injure the Internet. We are a long ways past the point where an association, a nation or a foundation can stop Bitcoin. Bitcoin can just wear out without anyone else's input. Its most noteworthy foe is a rivalry.

I think that the thing or force that will put an end to Bitcoin is the government itself. We all know that Bitcoin is a decentralized cryptocurrency which means it is not regulated by a central bank. Because of this chracteristics, Bitcoin can destabilize the current currency that the government is using. It will led into lower tax/revenue collection, economic chaos, and ultimately, leading to destabilization of the structure of the government.

Day by day bitcoin is getting more and more popular only and people are getting more knowledge about bitcoin and they are understanding the benefits of it. So, there is almost no chance that anyone expect the people can put an full stop to bitcoin.

Bitcoin is at a very crucial state right now. It is in the verge of rising and day by day more people are accepting bitcoin for it's advantages and felexibility. So, I don't think bitcoin can be easily ended by anyone or anything.

I haven't thought anything like this till now. But i think it will be hard to put an end to bitcoin. In fact it looks quite impossible to me. I think bitcoin can survive every attacks it will face.

Anything that does not help nor has value to human being has a sure end of existence. But right now it is the contrary, bitcoin each year proves how essential it is to the new age of technology and it is sync into end so right now is not the right topic but we should talk about a Birth of a new powerful and essential flatform for the people all over the world.

The massive popularity of bitcoin is one of the major behind bitcoin is hard to destroy. It's popularity is still growing fast and it has come in the industry to stay till the end.

What can end bitcoin is if the blockchain technology closed down. Blockchain technology is where cryptocurrencies run on and without it, there would be no way to transact bitcoins and altcoins. Of course it is possible that an alternative will emerge, but for now at least, the blockchain technology keeps crypto business alive.

I think bitcoin has faced lots of challenges since it has been invented. Still it has surpassed all the obstacles and growing like a champ. So i don't think it could be stopped.

I don't think there is an efficient way to successfully attack an open source project, except you successfully terrorized every person that contributes to BItcoin.

Currently, adoption is slowed down by the scalability problem. But soon it will be solved when the Lightning Network being implemented and used by the mainstream.

Well, Actually there is indeed some weakness in the Bitcoin as stated in https://en.bitcoin.it/wiki/Weaknesses. But Bitcoin is yet still at an early age, constant and rapid development will cover it all gradually.

obviously it has come to stay and i dont think anything can put an end to it. people have adopted it, interracted with it, loved the technology and ready to keep rolling with it. so i dont see anything ending this revolution as there is daily adoption of it.

I think only the government of the countries. If it is prohibited everywhere and increased supervision, then it is easy to remove it completely

"I am wondering when the day btc will be replaced by an altcoin myself. it seems inevitable.
Because the change starts already and Bitcoin price will down.
"

"Bitcoins are looking at mass adoption around the world.. Looking at the new btc atms.. I think
this is a way for the people to say to hell with the government.
"

"Whatever people think about my bitcoin does not have to bother, it is more of a negative
assumption about bitcoin. The fact that I have seen that the reality of my place in Aceh, Bitcoin
has been able to turn people into prosperity. Hopefully I hope if the weak side of the bitcoin
itself is immediately fixed.
"

My first choice would be Satoshi, if he wanted to destroy bitcoin all he would have to do is starting moving his coins and it would create mass panic.  Especially if he sold off his coins and declared it all a ponzi.  Of course this probably won't happen though :)

I think the only way that can put an end to bitcoin is, ban. If all countries ban cryptocurrencies then no one will be able to use it. If anyone can’t use it then obviously it will be an end of bitcoin.

There are many ways that can put an end to bitcoin. The demand and sale of bitcoin are increasing day by day. So, if the hackers attack the bitcoin accounts then the use of bitcoin will not be anymore.

Only government can stop using bitcoin. If the development and mining bitcoin is banned in all countries and legal cyber attack is applied then obviously use of bitcoin will be stopped.

In the course of recent years, Bitcoin has encountered countless and outer feedback, getting a notoriety of Antifragile. This term was begat by Nassim Nicholas Taleb and portrays the marvel when something ends up well known under horrible conditions.

By forcing bans on utilizing Bitcoin, governments can make some burden the proprietors of the cryptographic money. In the meantime, such nations like the United States and the European Union nations, don't plan to disallow digital forms of money.

In China and South Korea, even trite bits of gossip about the conceivable denial of Bitcoin were promptly thought about its swapping scale. Be that as it may, even at the seasons of overall population fear, Bitcoin proceeded and keeps on existing.

End Bitcoin can only put a global mistrust to it, since the entire price of Bitcoin is now formed from the buyer's and seller's confidence in Bitcoin and the entire cryptocurrency market as a whole.

If any of the above three attacks happened to Bitcoin, something negative definitely would come to its way. But, if all the users stop using Bitcoin and make themselves away from this market that will be the end.

I guess these are all hypothetical thoughts and this type of attacks won’t be that easy to make. But if any of those attacks is made possible, I think Bitcoin will face a tremendous negative impact on market value.

Actually this is hard to believe that there could possibly happen any of this attacks to threat the existence of Bitcoin. This is difficult for an organization or a country to make any of these attacks.

if you ask for my opinion then I don't think that anyone will able to stop bitcoin, cause bitcoin has massive amount of popularity over the investors so I don't think that no one will able to shut it down just like this but yes we can ensure the future

why would you guys think something like this, bitcoin is going very well and it legal issues are also solving with the passes of time so I don't think we should worry about it end right now but we can't predict about the future so early

I don't understand why are you thinking about such things cause as per the record I think bitcoin has a very bright future so right now I don't think there is any reason to worry about such thing right but we can't predict the future

I think any storm can not stop Bitcoin. From BTC to 95% of primary passengers coming soon to support BTC. Bitcoin has the capability to resist the storm. its future more bright.

I would say only a total power failure can bring the Bitcoin currency to fall!
Beourse then it will become very hard to mine only a few eco miners will work  ::)
And that is very unlikely i guess :D


regards

I think any storm can not stop Bitcoin.because bitcoin made by advance blockchain technology. it's also decentralized. it is more popular and BTC to 95% of primary passengers coming soon to support BTC. it has the capability to resist the storm.

I think any storm can not stop Bitcoin. bitcoin are more secure and popular. it is also potential. in my opinion BTC to 95% of primary passengers coming soon to support BTC. Bitcoin has more capability to resist the storm.

if the people are stop use bitcoin or stop trading with bitcoin then it can be happened. otherwise no one can end bitcoin.

bitcoin is use blockchain technology and follow the decentralized system. i don't think there is any chance to end the bitcoin.

there are different people from different countries are using bitcoin and bitcoin is use blockchain technolgy. this will never be happend until there will any miracle accident happened.

Although there have been several types of attacks from various aspects of Bitcoin since the beginning, it has remained in its own position for the present time and it has been progressing on its day by.

I think we can't stop Bitcoin from a company, a country or an organization where we are far from the point. The only event that can stop Bitcoin is the same event that will damage the Internet. Bitcoin can only vanish itself. But it might not be possible.

To a secure point of the future, this is the primary journey from BTC. 95% of the world's people will soon come to support of BTC within a short time. Bitcoin has been resistant to the storm, any kind of attack will not stop Bitcoin's fantastic journey.

Always hoped for betterment of bitcoin. People all over the world now recognizing the value of bitcoin and accepting in a positive way. Because of increasing price and popularity is gaining more and more popularity and people are joining in this sector. Why would government would put an end to this. Unless bitcoin perish itself.

Continuously trusted for improvement of bitcoin. Individuals all over the world presently recognizing the esteem of bitcoin and tolerating in a positive way. Since of expanding cost and notoriety is picking up increasingly ubiquity and individuals are joining in this segment. Why would government would put an conclusion to this. Unless bitcoin die itself.

Ceaselessly trusted for change of bitcoin. People all over the world by and by recognizing the regard of bitcoin and enduring in a positive way. Since of extending fetched and reputation is picking up progressively ubiquity and people are joining in this portion. Why would government would put an conclusion to this.?

That is not the only case. If some kind of flaw is found which can not be fixed no matter what, I am quite sure bitcoin will end up going down the drain. Or lets say, some new cryptocurrency has been made which follows all the protocol  and solves all the problem we are currently facing with bitcoin, then there are chances of bitcoin becoming valueless. But then again that is highly unlikely to happen.

if there is no investors, if there is no crypto trader, if there is no demand from the public, and if there is no criticism, then the world of bitcoin will reach destruction and die.

but, that is not possible, today we see the fact that bitcoin always gets a good response and able to survive even if it gets a lot of attacks.

If bitcoin is being upgrade for balance and without anything hidden agendas to those developers, then therefore bitcoin could last, i guess. Investors and traders trusted bitcoin so therefore it won't fail us mostly traders and investors who believed the capability of bitcoin through out the whole decentralized system.

Its the people. It has always been people who first want bitcoin to be famous, adopted, be at an unreasonable price,and fulfill the dreams of people without doing anything. I am being a little too vague, but stupidity in people is what causes anything. I go on rants like these, trying to make people understanding by making it simple af to them. But no one bothers to use common sense.

Bitcoin development isn't the best. Bitcoin adoption is slow, making it slower won't affect much as long as no one creates an unwanted headline about it, bitcoin infrastrucutre's "efficiency" hasn't been great either. These attacks won't end bitcoin. We are way past that.

Bitcoin achieve the developement to avoid any type of attack but still bitcoin on risk with many internal attack . But bitcoin will be more sustainable by improving it's blockchain system.

Bitcoin becoming popular and people wants to grab it now because the platform where bitcoin can be use are increasing rapidly. That's it's becoming one of the commo currency gradually.

It is a true fact that bitcoin is better that other coin. It is a getting better day by day. It is getting attention for the people more. Different types of attack will not stop bitcoin .

World´s pool of fools is very large, but not infinite. Eventually it runs empty.

If hacking or system penetration don't stop bitcoin will end easily the next few years. Only the hackers can destroy or end bitcoin and other crypto. And also might another reason is the government. If they ban bitcoin no one can use it and that might also the end.

Earlier governments of China and Russia tried to ban bitcoin but they couldn't.Bankers tried their best to destroy bitcoin and they even created a centralised coin ripple as a competition to bitcoin but it failed.Roger ver tried his best to pump Bcash vigorously and at the same time tried to switch bitcoin miners to mine Bcash by spamming bitcoin transactions with the help of Chinese mining farms.But poor boy he also couldn't do anything against btc.But the only remaining threat is Quantum computers which could read private keys of a bitcoin wallet with the help of public key itself.

tree types of attact i have seen on bitcoin currency. first one is slow down of it's price. second one is slowdown of it's adoption among people. and third one is reduction of the efficiency of bitcoin. After all of that it is still existing being the number one currency among all cryptos.

The statement of Talleb is so much true. Bitcoin have gained the reputation of antifragile, there is no exact word to express the real position of bitcoin we had to find a new word for the new term that is created by bitcoin.

The crypto word have seen very much difficulties in its road to the position that it has gained today. Firstly people didn’t accept any of its aspects there also was many reasons. But it have overcome all of the bindings . and bitcoin was the most favorite prey of the criticism.

After 5 to 7 years, 700 million people worldwide could be using Bitcoins.

After a struggle full life history bitcoin has achieved  a crown, crown of crypto market king, and this achievement have  achieved in a very short period,now when such things happened there must be some behind it, and that is its customers or investors, now the community who help to raise it the same community can put it to end no other can.

This is the main journey from BTC. Bitcoin is resistant to storms, any kind of attack will not stop Bitcoin's great journey. People all over the world now recognize the value of bitcoin and accept it positively. Why would the government end this? Continuous trust to improve bitcoin. Since scaling costs and scandal are increasingly popular and individuals are involved in this segment.