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Author Topic: Threats to bitcoin  (Read 2429 times)
pinkpanther03
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June 22, 2016, 03:26:19 AM
 #41

the threat i think is if the community will stop using bitcoins,and then once it happen it will goes down until the value price
become zero.
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Indrawan77
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June 22, 2016, 03:43:59 AM
 #42

My main concern is bitcoin keep getting negative trust from the user, bitcoin was used for bad things such as scamming other people or purchase weapons by terrorist and then people will start to abandon bitcoin and bitcoin will stop existing, if that happened it will be the end of bitcoin
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June 22, 2016, 03:49:38 AM
 #43

A serious threat is privatization and regulation. It is a coin for the people but in the wrong hands it will be lost.
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June 22, 2016, 04:22:23 AM
 #44

My main concern is bitcoin keep getting negative trust from the user, bitcoin was used for bad things such as scamming other people or purchase weapons by terrorist and then people will start to abandon bitcoin and bitcoin will stop existing, if that happened it will be the end of bitcoin

because of the nature of bitcoin this will always be an issue but i don't think it is such a big deal. and when more real services for example like steam (which already added bitcoin) or Amazon add bitcoin this issue will be resolved easily over time.

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June 22, 2016, 04:32:36 AM
 #45

I am not a technical person so I will not go in to the technical threats. But what I feel is that the increasing number of altcoins are the major threat to bitcoin nowadays.

We have around 670 odd altcoins in the market right now and only a few have got popularity like DASH, MONERO, LITECOIN, ETH, DOGE and few others.

These altcoins are taking away investments from bitcoin which is slowing down the growth of bitcoin. If there were only a few altcoins present in the market , the investment in bitcoin would have been higher.

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June 22, 2016, 05:22:23 AM
 #46

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.
- 51% attack
 - Transaction spam
 - Transaction backlog caused by point #1
 - World war 3
 - Some very bad news to bitcoin that will drive investors away
 - Extinction event
 - Random black hole popping up
 - Broken encryption method

Too many threats, albeit with varying levels of realness.
Maesters1-
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June 22, 2016, 05:33:41 AM
 #47

i will like to say that the biggest threat is the bitcoin is facing is the legalization and acceptation  of bitcoin by the bitcoin. the second threat is the ups and down of the rate of bitcoin. if the rate of the bitcoin is not getting stable then it will really affect the position of the bitcoin. i think another threat of the bitcoin is the the online network system. the security of system of the wallet is also a threat to the bitcoin. i think if these issues solve then no one can stop bitcoin from becoming a world number one crypto currency.
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