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Question: is bitcoin bulletproof?  (Voting closed: November 04, 2017, 08:59:04 PM)
Bitcoin is bulletproof - 6 (50%)
Bitcoin is not bulletproof - 6 (50%)
Total Voters: 12

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Author Topic: is bitcoin bulletproof?  (Read 646 times)
ramsdaj28
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September 06, 2017, 05:57:27 AM
 #21

Bitcoin survives so many challenges yet the value still growing eventually.

Started thinking bitcoin is bulletproof after witnessing so many challenges that may easily kill it yet still thrives.

No doubt, bitcoin is the invention of the century. I think bitcoin will shine more in the future because no country that can stop now.

What is your thought on this? Share with us what you think, please?
Bitcoin has been successful so far since it was introduced to the public.  Putting that into perspective, I can say that BITCOIN is bulletproof. I don't even think that in any day, a crpto/altcoin will beat the bitcoin. Bitcoin have shown to everyone that it stood in any challenges that it underwent, and people will always stay to it. For me, BITCOIN is the best in terms of value, usability, and availability.
hatshepsut93
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September 06, 2017, 12:14:34 PM
 #22

Bitcoin is indestructible from technical point of view - you would need to get control of all computers in the world to erase the blockchain and prevent people from restoring it. Also no one can take coins from you if they don't know the private keys, and no one can stop you from sending/accepting new coins. But I believe that mining would be the weak point in case of all out war with the governments - if they will go after miners, hashrate will go down, meaning that the network will be less secure, and it won't be able to sustain big economy because of the ever-present risk of major double-spending attack.
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