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Author Topic: What threatens Bitcoin?  (Read 218 times)
Kakmakr
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January 16, 2021, 11:31:57 AM
 #21

One of the major concerns for me at the moment is the gradual shift that are happening now... from Bitcoin being a Currency to Bitcoin being a Commodity. Let's not forget Satoshi Nakamoto's original goal for Bitcoin to be an alternative "Curency" for people who wants to be free from the "Fiat" system and all it's negative influences. (Slowly losing buying power and being manipulated)

Large institutional institutions are buying loads of coins now and they are hoarding it, effectively taking it out of circulation and we know there are only a limited amount of coins out there.  Angry

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January 16, 2021, 01:42:09 PM
 #22

Today I would like to raise the question of what might threaten bitcoin. We are all very optimistic about the future of Bitcoin development. But in the growth of a product, there are always moments that slow down or inhibit development.
What is the threat to bitcoin today? Government intervention?
Regulators? They will not be able to accept the fact that many funds are not taxed?
51% attack or development of quantum computers? The emergence of new, more promising coins that will compete with bitcoin?
Are there any of the most pressing issues to be wary of?
Perhaps, when discussing the pros and cons, many will have their own opinion that  would like to hear.
I don't know much about quantum computers but I am familiar with Electro Magnetic Pulse attack and Asteriod impact that could possibly be threat to Bitcoin. Government interventions is not that serious because you can still use Bitcoin even in strict countries downside is you cannot convert it into your local currency and the fact that your funds and you can be compromised by the government if you are caught by authorities.



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