Bitcoin Forum
November 23, 2017, 09:45:14 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 [6] 7 8 9 »  All
  Print  
Author Topic: What are the biggestest threats to Bitcoin?  (Read 6567 times)
blackhull
Newbie
*
Offline Offline

Activity: 23


View Profile
May 15, 2014, 01:48:42 AM
 #101

If governments end up really deciding they want crypto's gone... they're gone. That's my bet at least.


Music: Napster sued by Metallica. Bigass congressional hearing over Metallica tunes being shared for free online. (Really, Lars? Really? Took 2 days to download a three minute song on dial up and you felt violated?) Ripping music CDs and P2P music sharing pissed off government and music industry corporations, and some artists. Fear mongering: ZOMG!! You're stealing from Metallica! Courtney Love, of all people, wrote a fabulous 5 page essay/commentary on the thievery of the record labels and supported *decentralization* of the industry.

And lo, record labels either adapted and learned to accept people, when given a choice between paying 30 bucks for a CD of crap they might not even like, most of which went to the label and not the band, and P2Ping any given tune for free and eventually making micro payments for what they wanted, they all chose option B.

And the government AND corporations lost to the people choosing decentralization of the music industry.

Movies: MPAA and RIAA decided the pirates were costing (them) billions. Bigass congressional hearing over it and various assorted one hit wonder actors testifying about how hard done by they were to be losing all those royalties when people illegally download/stream their movies. Then came the fear mongers and threats...we will find you and kill you!...or, find a 13 year old and make an example of him when we sue him for 49.2 billion dollars for all the movies he jacked from Pirate Bay. And let's go stop Pirate Bay! And China!

TPB came back better than ever with renewed P2P numbers and now there are all kinds of streaming freebie sites to watch anything and everything absolutely free - right alongside Netflix...because given a choice between paying 60 bucks to go to a crowded (or empty) theater and put up with idiots kicking the seat, yapping, or the kids crying, or the $12 box of popcorn, and jacking the same movie for free online, or watching their favorite tv series/shows free online, the people chose to cancel their cable tv subscriptions and haven't stepped foot in a theater in years.

And the government AND the movie studios lost to the people choosing decentralization of the movie industry and the television networks who caved and signed deals with online movie houses who charge a fraction of a movie ticked for unlimited viewing.

Books: Big name publishing houses set the rules by which any of us ever see an author's work. They had sole authority to determine who was worthy of being published and who was rejected. Until someone figured out a way to digitize books and then Amazon came along and opened up self publishing. Out came all the fear mongering and law suits. ZOMG! You're stealing food off the tables of starving authors! And self publishing? Anyone can PIRATE YOUR STUFF and you lose money!

And the government AND the publishing houses made examples of various "unscrupulous" authors faking reviews and whatnot, and held hearings on digital content prices and media harped that nobody would ever take self published authors seriously, nor would anyone choose a computer device to read on in place of real books.

And the government AND publishing houses lost to the people choosing decentralization and the ability to publish and create and own 100% of their work...so the publishing houses either adapt and promote digital format options or they go out of business.

Same for the video game industry, the electric companies, the telecom industry, and every other industry that has been controlled by corporations backed by government enforcers.

In the end, it doesn't matter what the government wants because the government isn't an entity. It's a conglomeration of smaller agencies made up of people with self interests over business interests at the end of the day and they also have a choice to support a dying currency in a weak economy or an alternative with much more security and potential for much wealth...

Bitcoin is doing and experiencing the same, exact "conflict of interest" and "threat" from the same two "entities" - government AND corporations (banks included) who have a vested interest in NOT making the USD worse than it is already...but the people have seen the reality of incompetence, corruption and psychosis of those "in charge" and are quite willing to look closer at THE ALTERNATIVE to USD.

Not everybody jumped on the internet/email/website/doing business online bandwagon the first half dozen years. Tons of people vowed it was a fad that nobody would take seriously - in the face of mega corporations, banks, and agencies moving business online. It was beating them in the face and still they hollered fad, nobody's gonna do all that, it's too hard.


Government can make all the laws it wants about bitcoin, same as they made all the laws they wanted with pirating movies, music, books, and games, or trying to regulate solar panels to pacify the electric companies who'd lose business to el sol...but ones the P2P genie is let out of the bottle, the government can't enforce a damn thing...they can't afford to pay enough people who have the technological capacity to do anything other than go after a few people to use as examples...Mt Gox may as well be Napster. May have gone out of business, but P2P music sharing is stronger than ever...

Government can outlaw it, which will only reinforce the black market. They can't enforce it anymore than the government can "turn off the internet".

Just a matter of time before the money thrown at the infrastructure gets things stable enough for Joe Blow to easily grab some bitcoin over the counter as a gift card and store it securely - and those two things will be when the rest of society gets on board.

IMO the biggest threat to bitcoin is the information overload and convoluted, overly technical aspect of learning how to get it and secure it and use it...as long as it's over the head of Joe Blow it's not going to gain traction. It just isn't.

Joe Blow can get on you tube, watch half a dozen reviews and figure out what kind of smart phone to get, go to WalMart, buy it, get the pay as you go plan (because given a choice between a corporation's 2 year $100 a month plus first born child contract plan and a $50 pay as you go card with unlimited use and no horse shit, people choose option B without hesitation), set up the account and start using the damn phone within 15 minutes or so.

When Joe can go to WalMart or the local vape shop or coffee shop and grab a bitcard over the counter, scan the barcode to set up the account via the smart phone, pay the merchant the value amount and activate the card same as a gift card, and the bitcard is also the wallet that isn't hackable, then it'll catch on.

Government is not a threat. It's just a nosey, fear mongering, psychotic pain in the ass - same as it's always been. This fight will be more interesting to watch though because the ones who control the money control civilization...and when the people choose the P2P option of currency, the government loses its control short of a tyrannical retaliation...which is the line in the sand...it won't happen in this country. No matter how lazy Suzy Homemaker is, there are millions of people who won't for one second tolerate any government official trying to pull it off without blood in the streets...which includes LEO, feds, and soldiers refusing to enforce the dictatorship.




TLDR - 1. bite me, 2. we've fought all this already with music, movies, books, games, power and they lose to p2p, 3. government aint shit, don't sweat it.  Grin

I think you're wrong for a few reasons, although I do agree with you in some aspects.

Taking this from a few different angles...

1. You cannot use Napster, The Pirate Bay, etc. to launder money.

2. None of your examples involve violence as a result of the theft.

3. All of your examples amount to the government not being able to stop piracy. The energy and traditional finance industries are where I've made my living to this point - they are still firmly controlled by the government and must obey all those regulations, of which there are many. Sure, "deregulation" as a whole has been a trend, but deregulation and decentralization (although they're admittedly similar) do not always produce similar or comparable outcomes.

4. You say, "but the people have seen the reality of incompetence, corruption and psychosis of those "in charge" and are quite willing to look closer at THE ALTERNATIVE to USD." This makes for a great soundbite, but I really just don't think it's true. Look, I don't think anybody is wrong saying the government is inherently coercive, tyrannical, etc. But the way I've thought about it: look at a developing 3rd world country. First, the rebels are petty criminals. Then they're organized criminals. Then they're terrorists. Then they're rebels. Then they're a political party. Then they win, and they're politicians and diplomats and war heroes. If they lose, they're evil people going to hell and "those scummy rebels" or whatever. But the government is just the gang/party/whatever that has the *most* legitimate *and* enforceable (that part is key) claim on ruling a country than anybody else.

But anyways, I would just disagree about this idea that the government is inevitably going to collapse. When you stack them side-by-side, the average, everyday person is going to choose USD every time. You don't need tech (as you mentioned) to make it simpler for you. You know that the world's superpower will help you collect any debt owed in USDs. You know that the currency has served its role that it's meant to in your everyday life for your whole life. You know things can go wrong, but you've lived through the last 10 years (or even better, the last 20-30) and seen the "government is collapsing under the weight of its own corruption" crowd be wrong, wrong, wrong, wrong, wrong, and wrong again. None of the predictions ever come true, which leads me to think the underlying logic may be flawed.

The everyday person can probably see that things have actually improved significantly over time, albeit at a slower pace than in the past. How can they respond that the government is inept when, in reality, we have some of the best governance in the world here in the US? Sure, there's bad things that happen in a massive country, but look at all the good. Furthermore, the Collapse Camp completely fails to address much of modern macroeconomic thought and why the monetary system works how it does. They completely fail to address its complexity and how counterintuitive it is, and so they call things like QE "money printing" and so on. But then they can't explain why all their predictions end up being wrong.

So, tldr: the everyday person will choose cash+US Legal System+US Military+superpower/reserve status trade deals all but ensuring a longer store of value than digital codes + no legal system + no backing + sketchy legality and little formal economic integration.

So I get that that's the problem BTC adopters are trying to solve, but I think that's something of a chicken/egg problem. BTC bulls seem to justify anything that reality presents them with. (Fixed supply money being a good idea, widespread crypto adoption "right around the corner", etc.)

Quick Edit: let's assume the government does not collapse in the next 15-20 years and maintains stable, relatively peaceful control, and that things generally go as they have in the past. In this "base case" (which we should probably assign at least a 40% probability based on history), what happens to cryptos? What about a "bull case" (for the USA / world economy), in which things actually end up getting significantly better pretty soon, rather than worse? What happens to cryptos then?

Furthermore, in your scenario that the global economy will collapse, or that the government will be overthrown by corruption (http://cpi.transparency.org/cpi2013/results/ tell me why the US in particular is the one about the collapse?), why would you choose BTC as the asset of choice? There are far more investments that could yield a higher ROI and prove more practical/usable in such a scenario.
1511430314
Hero Member
*
Offline Offline

Posts: 1511430314

View Profile Personal Message (Offline)

Ignore
1511430314
Reply with quote  #2

1511430314
Report to moderator
1511430314
Hero Member
*
Offline Offline

Posts: 1511430314

View Profile Personal Message (Offline)

Ignore
1511430314
Reply with quote  #2

1511430314
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511430314
Hero Member
*
Offline Offline

Posts: 1511430314

View Profile Personal Message (Offline)

Ignore
1511430314
Reply with quote  #2

1511430314
Report to moderator
1511430314
Hero Member
*
Offline Offline

Posts: 1511430314

View Profile Personal Message (Offline)

Ignore
1511430314
Reply with quote  #2

1511430314
Report to moderator
serenitys
Full Member
***
Offline Offline

Activity: 126

Be Here Now


View Profile
May 15, 2014, 05:17:21 PM
 #102

True, but my illustrations were illustrating the reality that when given a choice, a viable alternative, people choose freedom and decentralization over servitude and regulation, and eventually work in cooperation to establish their own policy to keep the system afloat. People don't mind rules and regulation, it makes things run smoothly. People mind being treated like criminals and being marginalized and discriminated against, and people mind some blow hard with a self appointed title giving orders like a king, and people mind other people making decisions that effect them adversely just to pacify and promote the ones making the decisions.


In the fake ID and kids thread the point has been raised along the lines of your rebuttal or comments so I'll add it here. Casinos and fake businesses also can be used to launder money and nobody's shut down casinos. They use fiat/cash to buy drugs, guns, and commit felonies and nobody's stopped that or tried outlawing the USD.

The problem is not the currency. The problem is why all these things are being done. If all the criminals - excluding the legitimate addicts feeding a habit - were capable of finding rewarding work that paid well and allowed them to live in the manner that preferred, have nice things, and enjoy living without breaking the law, they'd all do it. The reason they are doing any of this sort of thing (aside from psychopaths) is the money...they can't find a line of work that'll pay them that kind of money where they can afford to live that way and have lavish lifestyles - not honestly.

Too many loopholes, red tape, rules, regulations and so on that do not benefit the one doing the work.

I personally spoke with a local drug dealer years ago over an unrelated issue and at one point I got irritated and spouted off, "Well so get a fucking real job then" and he laughed, looked at me like I was a retard and told me, "And try to live on minimum wage? I make more money in 3 days dealing than I'd make in 4 months working a minimum wage job"...and while that can be argued, he had a legitimate point. Legitimate work anywhere in this country is not rewarded without a specialty degree which I'm not referring to. The neuroscientist is doing okay. The guy trying to just make his expenses cannot.

I genuinely hope bitcoin catches on even grander so people can be paid in bitcoin. If I make $10 an hour and work 40 hours a week, I expect $400 when I get a paycheck. Not $249, not $379, not $300. I expect all of it, 100%. That's one of the main reasons I stayed in the bar business for a large portion of my employment years (i.e. working for other people instead of myself), because I knew where the clubs were that would pay me under the table in cash, 100%. Of course the government wouldn't like it, but fuck them. They weren't doing the work, they weren't liable for my rent or expenses, they weren't paying my bills, and THEY earned no rights to my money.

Ask anyone who is rational and sane which way they want to get paid - give them an option: $10hr and WE take out this tax, that tax, this fee, that fee and you get the rest OR $10 and you get 100%.

Which one will they choose when they have the freedom of choice of a viable option?

You say "anti government" like that's a bad thing...

Unfortunate times will bring out the best in good people and the worst in bad people
Davis14
Member
**
Offline Offline

Activity: 98


View Profile
May 15, 2014, 11:49:04 PM
 #103

My personal opinion is that if there was a huge bug in the code it would hurt btc a lot, but tons of government regulations will irreversibly damage btc.

 *Link Removed*  [url=h
martinnew
Full Member
***
Offline Offline

Activity: 153


View Profile
May 16, 2014, 08:21:03 AM
 #104

True, but my illustrations were illustrating the reality that when given a choice, a viable alternative, people choose freedom and decentralization over servitude and regulation, and eventually work in cooperation to establish their own policy to keep the system afloat. People don't mind rules and regulation, it makes things run smoothly. People mind being treated like criminals and being marginalized and discriminated against, and people mind some blow hard with a self appointed title giving orders like a king, and people mind other people making decisions that effect them adversely just to pacify and promote the ones making the decisions.


In the fake ID and kids thread the point has been raised along the lines of your rebuttal or comments so I'll add it here. Casinos and fake businesses also can be used to launder money and nobody's shut down casinos. They use fiat/cash to buy drugs, guns, and commit felonies and nobody's stopped that or tried outlawing the USD.

The problem is not the currency. The problem is why all these things are being done. If all the criminals - excluding the legitimate addicts feeding a habit - were capable of finding rewarding work that paid well and allowed them to live in the manner that preferred, have nice things, and enjoy living without breaking the law, they'd all do it. The reason they are doing any of this sort of thing (aside from psychopaths) is the money...they can't find a line of work that'll pay them that kind of money where they can afford to live that way and have lavish lifestyles - not honestly.

Too many loopholes, red tape, rules, regulations and so on that do not benefit the one doing the work.

I personally spoke with a local drug dealer years ago over an unrelated issue and at one point I got irritated and spouted off, "Well so get a fucking real job then" and he laughed, looked at me like I was a retard and told me, "And try to live on minimum wage? I make more money in 3 days dealing than I'd make in 4 months working a minimum wage job"...and while that can be argued, he had a legitimate point. Legitimate work anywhere in this country is not rewarded without a specialty degree which I'm not referring to. The neuroscientist is doing okay. The guy trying to just make his expenses cannot.

I genuinely hope bitcoin catches on even grander so people can be paid in bitcoin. If I make $10 an hour and work 40 hours a week, I expect $400 when I get a paycheck. Not $249, not $379, not $300. I expect all of it, 100%. That's one of the main reasons I stayed in the bar business for a large portion of my employment years (i.e. working for other people instead of myself), because I knew where the clubs were that would pay me under the table in cash, 100%. Of course the government wouldn't like it, but fuck them. They weren't doing the work, they weren't liable for my rent or expenses, they weren't paying my bills, and THEY earned no rights to my money.

Ask anyone who is rational and sane which way they want to get paid - give them an option: $10hr and WE take out this tax, that tax, this fee, that fee and you get the rest OR $10 and you get 100%.

Which one will they choose when they have the freedom of choice of a viable option?

Well, I prefer to get the 100%. Tongue

BTC and other alt coins are having minimal transfer fees and right that no "income tax" yet on it.
Bit_Happy
Legendary
*
Offline Offline

Activity: 1638


A Great Time to Start Something!


View Profile
May 16, 2014, 08:40:22 AM
 #105

Bitcoin clones. They are the biggest threat not only to Bitcoin but to cryptocurrencyes movement in general.

You seriously believe that?
You really think alt coins have done more harm than endless scams, thefts, hacks, negative media, and Gox?

hypostatization
Sr. Member
****
Offline Offline

Activity: 350


View Profile
May 16, 2014, 11:49:28 AM
 #106

I would say that the Bitcoin community is the biggest threat to Bitcoin.

Nearly all discussions turn into circular firing squads. Reaching consensus on any major protocol changes will be extremely difficult. I fear Bitcoin will be consumed by infighting, and that the protocol/code will stagnate. Alts, meanwhile, are a greenfield for innovation.

Diehards proclaim that Bitcoin is virtually flawless, despite areas where it is already losing valuable ground, such as transactions per second. Bitcoin zealots prevent change, despite their best intentions, and push potential contributors away from the community when all criticism starts to be interpreted as an extension of a vast international conspiracy.

Even minor changes can become extremely difficult to make in decentralized systems, and this is especially true with such a deeply divided community. I love all of the passion, and wish it was could be effectively harnessed to keep Bitcoin at the forefront of the cryptocurrency landscape, but without cultural change---I see the Bitcoin community itself as the largest threat to the future of Bitcoin.

xrptalk.org :: setup a wallet + trade all currencies :: gateway reviews @ coinist.co :: deposit to buy xrp @ snapswap [now supporting PayPal withdrawls + instant ACH transfer deposits]
CrossCoin Ventures startup accelerator - offering XRP funding up to $50,000 USD equivalent
jbreher
Legendary
*
Offline Offline

Activity: 1848


lose: unfind ... loose: untight


View Profile
May 17, 2014, 09:00:05 PM
 #107

I fear ... that the protocol/code will stagnate.

Disagree. Bitcoin is close enough to perfect that stagnation is a non-sequitir. Is the design of the common pencil stagnant? Hasn't been changed in over a century - perhaps two centuries. Once something is good enough, it is good enough.

And we have seen that the community rallies when needed. As an existence proof, see the QT v.8 (?) debacle.

As for the only thing that I see that merits modification....

Quote
... despite areas where it is already losing valuable ground, such as transactions per second.

Transactions per second is a limit that we will need to deal with. Some day when there are more transactions per second. Until then, it is a non-issue. And a well-understood one. The limit now -- as a compromise between TPS on the one hand, and potential spamming of the blockchain on the other -- looks just fine to me.

How many transactions have you personally had thwarted by the TPS limit? I know of absolutely no one who has. I am not claiming that, as I know not of such, that means that none has ever occurred. But I am skeptical that this is any issue whatsoever.

Quote
I see the Bitcoin community itself as the largest threat to the future of Bitcoin.

I personally don't see the Bitcoin community as a threat. What is the alternative? Not having a Bitcoin community? Regardless, your points don't seem to support your argument.

Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.

I've been convicted of heresy. Convicted by a known extortionist. Read my Trust for details. https://www.youtube.com/watch?v=sglyFwTjfDU
Slingshot
Sr. Member
****
Offline Offline

Activity: 392


View Profile
May 18, 2014, 05:02:45 PM
 #108

 Bitcoin will survive everything for the foreseeable future but an ELE.


ELE - *an earth extinction level event*


 The entire works has hit Bitcoin in it's face and body with one seemingly deadly blow after another since early 2014.

 Yet Bitcoin itself just keeps rolling along no matter what.


 Doubters doubt, Doom & Gloomers Pout, Fear Mongers Grumble, and Competitors Scream and Shout.

 Another 1000+ have declared it dying, doomed or even dead rather recently to be sure.

 The shit keeps hitting the Bitcoin with lethal level blows for anything else, and yet Bitcoin just keeps laughing and laughing, never so much as flinching, it just keeps on functioning like it always has. A tweak here, and and a bit of adjustment there, and Bitcoin just keeps humming it's tunes.


 Only longer term sheer neglect of it's Development and Security could ever cause Bitcoin's compromise from the looks of things in these tired old eyes standing back and looking at the Big Picture. And I would stake my own life and the all the readers of this lives on the fact that the Bitcoin Developers wont ever let that occur no matter what.

 
Re: What are the biggest threats to Bitcoin?  There is nothing to be concerned about, nothing at all, all things considered it's already won the future.

 Take a deep breath and relax; Bitcoin has already Won the Future. Congradulations Bitcoin, you even won me over, and I am a damn tough sell when it comes to monetary issues.


 Maybe in 25, 50, 75, 100+, or 200+ years someone finally builds a vastly superior product to finally start to outpace and out distance Bitcoin, and finally ever so slowly, or even more quickly than slowly Bitcoin finally begins to fade out. But baring that, or an E.L.E. I can't imagine the next several generations have anything to fuss over concerning Bitcoin.

 I also believe firmly that the Developers will fuss over the Bitcoin-Qt Core Client almost non-stop to be certain it's A-Okay until it's last rights have been given to it in the very distant future, and well over at least 100 to 400 years from now. etod: 233 years.

 The typical Fiat currency last mere decades. Bitcoin is a vastly superior product in every way possible in this Digital Information Age.

 Quit worrying. Nothing can stop Bitcoin for the foreseeable future that anyone needs to concern themselves with, the Developers will make certain of this.

 I am declaring Bitcoin The Official Winner of The Future. And if I say so then it must be true since 'I am far too  honest for my own good'.



Bitcoin is Freedom.
hdbuck
Legendary
*
Offline Offline

Activity: 1274



View Profile
May 18, 2014, 09:01:16 PM
 #109

Bitcoin will survive everything for the foreseeable future but an ELE.


ELE - *an earth extinction level event*


 The entire works has hit Bitcoin in it's face and body with one seemingly deadly blow after another since early 2014.

 Yet Bitcoin itself just keeps rolling along no matter what.


 Doubters doubt, Doom & Gloomers Pout, Fear Mongers Grumble, and Competitors Scream and Shout.

 Another 1000+ have declared it dying, doomed or even dead rather recently to be sure.

 The shit keeps hitting the Bitcoin with lethal level blows for anything else, and yet Bitcoin just keeps laughing and laughing, never so much as flinching, it just keeps on functioning like it always has. A tweak here, and and a bit of adjustment there, and Bitcoin just keeps humming it's tunes.


 Only longer term sheer neglect of it's Development and Security could ever cause Bitcoin's compromise from the looks of things in these tired old eyes standing back and looking at the Big Picture. And I would stake my own life and the all the readers of this lives on the fact that the Bitcoin Developers wont ever let that occur no matter what.

 
Re: What are the biggest threats to Bitcoin?  There is nothing to be concerned about, nothing at all, all things considered it's already won the future.

 Take a deep breath and relax; Bitcoin has already Won the Future. Congradulations Bitcoin, you even won me over, and I am a damn tough sell when it comes to monetary issues.


 Maybe in 25, 50, 75, 100+, or 200+ years someone finally builds a vastly superior product to finally start to outpace and out distance Bitcoin, and finally ever so slowly, or even more quickly than slowly Bitcoin finally begins to fade out. But baring that, or an E.L.E. I can't imagine the next several generations have anything to fuss over concerning Bitcoin.

 I also believe firmly that the Developers will fuss over the Bitcoin-Qt Core Client almost non-stop to be certain it's A-Okay until it's last rights have been given to it in the very distant future, and well over at least 100 to 400 years from now. etod: 233 years.

 The typical Fiat currency last mere decades. Bitcoin is a vastly superior product in every way possible in this Digital Information Age.

 Quit worrying. Nothing can stop Bitcoin for the foreseeable future that anyone needs to concern themselves with, the Developers will make certain of this.

 I am declaring Bitcoin The Official Winner of The Future. And if I say so then it must be true since 'I am far too  honest for my own good'.



Bitcoin is Freedom.

awsome
flawless argument! i'm in! Cheesy

edit: "when truth is not free, freedom is not true." Wink
trad. from french author: "Quand la vérité n'est pas libre, la liberté n'est pas vraie." J. Prévert
tzortz
Hero Member
*****
Offline Offline

Activity: 630



View Profile
May 18, 2014, 09:02:31 PM
 #110

It could be a book.

All is Mine!

1H7LUdfx9AFTMSXPsCBror3RDk57zgnc2R
LostDutchman
Sr. Member
****
Offline Offline

Activity: 476



View Profile WWW
May 19, 2014, 12:42:46 AM
 #111

Lots of moonie-eyed people around here who evidence little connection with reality.

Corporations For Crypto
Protect Your Assets and Reduce Your Tax Liability With A Kansas Corporation!
We Demand Justice From BFL
cinnamon_carter
Legendary
*
Offline Offline

Activity: 1120


It's about time


View Profile WWW
May 19, 2014, 02:13:55 AM
 #112

this is probably the largest threat....
Loss of net neutrality? maybe?

I worry that ISPs in the future will block ports or otherwise try impeding bitcoin network traffic. 

Check out my coin Photon
Merge Mine 5 other Blake 256 coins - 6x your hash power  https://www.blakecoin.org/

The obvious choice is not always the best choice.

LOOK DEEPER - Look into the Blake 256 Family -- CC
LostDutchman
Sr. Member
****
Offline Offline

Activity: 476



View Profile WWW
May 19, 2014, 04:37:39 AM
 #113

this is probably the largest threat....
Loss of net neutrality? maybe?

I worry that ISPs in the future will block ports or otherwise try impeding bitcoin network traffic. 

One word:

Proxies.

Corporations For Crypto
Protect Your Assets and Reduce Your Tax Liability With A Kansas Corporation!
We Demand Justice From BFL
martinnew
Full Member
***
Offline Offline

Activity: 153


View Profile
May 22, 2014, 02:49:49 PM
 #114

"Bitcoin is freedom" - That itself is controversial.  Cool
jjj0923
Sr. Member
****
Offline Offline

Activity: 266


View Profile WWW
May 22, 2014, 02:56:14 PM
 #115

POLITICIANS!

Lifeforce Pools : http://www.lifeforce.info
Earthcoin :http://eac.lifeforce.info -  Netcoin:  http://net.lifeforce.info - Hundred Coin Pool : http://100.lifeforce.info
Redoakcoin Pool : http://roc.lifeforce.info Guldencoin http://nlg.lifeforce.info also Worldcoin, Guncoin, NOBL, USDe, Tagcoin, Topcoin , Tagcoin , Credits, Goldcoin & Hobonickels
moriartybitcoin
Hero Member
*****
Offline Offline

Activity: 560

★777Coin.com★ Fun BTC Casino!


View Profile
May 22, 2014, 05:59:35 PM
 #116

biggest threat to Bitcoin?

'compliance'

ShakyhandsBTCer
Sr. Member
****
Offline Offline

Activity: 448


It's Money 2.0| It’s gold for nerds | It's Bitcoin


View Profile
June 14, 2014, 06:36:51 PM
 #117

biggest threat to Bitcoin?

'compliance'

I would disagree.

A small amount of regulation can be good for any industry. Having to comply with minor regulations can help weed out scammers, which would make the masses more likely to be comfortable with bitcoin.

The scammers are the biggest threat to Bitcoin
commandrix
Hero Member
*****
Offline Offline

Activity: 798


View Profile
June 14, 2014, 07:01:57 PM
 #118

My typical answer would be anything that can prevent the widespread use of Bitcoin. Including governments and traditional financial institutions that have a lot to lose from cryptocurrencies and can regulate and/or tax it to the point where Bitcoin's use would cost more than it's worth.
commandrix
Hero Member
*****
Offline Offline

Activity: 798


View Profile
June 14, 2014, 07:21:06 PM
 #119

Anything that threatens the fungible nature of Bitcoin.  See my signature.

Agreed. Do you think it would improve fungibility if we could, say, give Paypal some serious competition?
Gianluca95
Legendary
*
Offline Offline

Activity: 1064



View Profile
June 14, 2014, 07:23:29 PM
 #120

Biggests threats to Bitcoin is a total ban from all of World government.

Then, every problem and every bad news can be beat. Wink
Pages: « 1 2 3 4 5 [6] 7 8 9 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!