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Author Topic: What would it take for you to lose faith in Bitcoin?  (Read 3572 times)
harik
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June 29, 2011, 12:23:26 AM
 #41

If a day goes by without a poster on this forum misusing an apostrophe.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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TraderTimm
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June 29, 2011, 02:48:03 AM
 #42

When I am the last node remaining.
This

Precisely.

I'd also would love to see a lot of out-of-work economists as a result, too.

fortitudinem multis - catenum regit omnia
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June 29, 2011, 02:50:28 AM
 #43

Actual bitcoin getting hacked without possibility of the hack being patch. Stuff like encryption or protocol problems that allows creating of free bitcoins or stealing other people's coins.
+1
Huge and unfixable security problems in the protocol (theory) itself.

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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