Threats to bitcoin

[ausbit]

What are the biggest threats to bitcoin right now or in the near future,
I mean things that can really be harmful to the network.

List anything you can think of, just lately after the resent stress test there has been sone interesting discussions going on.

[Solange]

You just want threats to the network? I guess there's not much other than spam. I think the biggest threat outside of that though are strict regulations and apathy and cynicism from the mainstream.

[NorrisK]

A general loss of trust in bitcoin by hardcore bitcoiners would be the worst that could happen.

Developpers leaving bitcoin. Governments really hammering down bitcoin. Some centralized mining farm that takes over most of the hashrate.

Although, in the end, bitcoin has proven to be quite resilient to most that happens.

[Elwar]

The crypto is solid. Bitcoin will last centuries.

Whether or not people use it is up to people.

[Amph]

the 60%+ of the network is in the hand of china, it may not be a threats right now but it could be in the future, if 51% would be more profitable for them when the supply will be lower and the value of bitcoin will be very high...

[neoneros]

The biggest threat would be demonisation by banks and governments who are afraid they cannot get a grip on BTCitcoin and have no way to regulate that what has driven them for so long, money and the choke it has on people so they can be slaves to the economy is going to slip away slowly and there is nothing they can do, or so it seems, they have deep pockets and a wide array of channels to posion the minds of the majority to take a stand against BTCitcoin.  This is what might undermine the blockchain, make the users, miners and believers into paria's, outcasts of society.

[Kazimir]

Ignorance and stupidity of the mass audience.

If everybody would understand how their current money works, they would switch to alternatives like Bitcoin instantly. Too bad the powers that be have done an excellent job at keeping the sheeple naive and uninformed.

[tokeweed]

What are the biggest threats to bitcoin right now or in the near future,
I mean things that can really be harmful to the network.

List anything you can think of, just lately after the resent stress test there has been sone interesting discussions going on.

Centralization and blockchain bloat.

[Thekool1s]

Isp shutting down nodes etc
Governments secretly buying bitcoins and destroying them
Satoshi selling his 1 million BTC
Centralization by microwallets for big business etc
Scammers in the community
The list is very big if you count all of them

[bornil267645]

My biggest problem is with new users that come in here and post some Panic Threads from time to time. I mean why don't they just lean back and try to understand the system.

[Kazimir]

Governments secretly buying bitcoins and destroying them

How would that be a treat?

[Kazimir]

My biggest problem is with new users that come in here and post some Panic Threads from time to time. I mean why don't they just lean back and try to understand the system.

That, yep.

Seriously, does it not occur to them that in the past 6.5 years of Bitcoin, perhaps somebody else might have had the same idea? (especially coming from them as total newbies)

[mallard]

the 60%+ of the network is in the hand of china, it may not be a threats right now but it could be in the future, if 51% would be more profitable for them when the supply will be lower and the value of bitcoin will be very high...

I don't think a 51% attack would be profitable.

[Amph]

the 60%+ of the network is in the hand of china, it may not be a threats right now but it could be in the future, if 51% would be more profitable for them when the supply will be lower and the value of bitcoin will be very high...

I don't think a 51% attack would be profitable.

not now of course but read my last part of that quote, the possibility is there

[Ingatqhvq]

The mine will be centralizated may is the biggest threaten for bitocin
                                                                                                         
                                                                                                       

[yatsey87]

I think the biggest threat is the need to make the block size larger. It's not really a problem at the minute but it will be in the future, but I hope its sorted long before then.

[NorrisK]

My biggest problem is with new users that come in here and post some Panic Threads from time to time. I mean why don't they just lean back and try to understand the system.

That, yep.

Seriously, does it not occur to them that in the past 6.5 years of Bitcoin, perhaps somebody else might have had the same idea? (especially coming from them as total newbies)

Panic threads are not a threat to bitcoin. What is posted on this forum hardly has an impact on the price.. The big movers do not base their moves on threads about bitcoin falling posted by a newbie user here.

[Lauda]

Well a major threat would be the refusal to use the search button. There have been countless discussions to this very subject.

I'd say that the only real risk is a 51% attack. Besides that, the only real threats would be events that could possibly destroy or severely damage our planet/civilization. Something in the lines of a Hypernova in which the gamma ray burst is directed towards Earth. People shouldn't worry about 51% that much, nor about possible weaknesses in encryption, as Bitcoin can always get upgraded/fixed.

I think the biggest threat is the need to make the block size larger. It's not really a problem at the minute but it will be in the future, but I hope its sorted long before then.

Nonsense. That's not a threat at all.

I don't think a 51% attack would be profitable.

Neither were the spam attacks, and yet they happened.

Isp shutting down nodes etc
Governments secretly buying bitcoins and destroying them
Satoshi selling his 1 million BTC
-snip-

ISP's can't shut down a node if they do not know that it is a node. Exactly what I'm doing under a VPN, the ISP does not know.
Bitcoins can't be destroyed, but rather abandoned. Even if we are left with only a single Bitcoin, we can divide it enough times for everyone. If Satoshi does sell his stash, that would only have an affect on the price (supply and demand).

[futureofbitcoin]

governments making their own crypto and saying that its the legitimate, legal and good crypto. And most people in the world will believe it, even if people on this forum won't.

[Jorge320]

Legislation against crypto in general is of concerns to me, I definitely could see with the upcoming election year in the US hitting some obstacles from candidates funded by the financial institutions.