Topic: Guest Spot: Who or What Can Put an End to Bitcoin? (Read 1843 times)
This is the main journey from BTC. Bitcoin is resistant to storms, any kind of attack will not stop Bitcoin's great journey. People all over the world now recognize the value of bitcoin and accept it positively. Why would the government end this? Continuous trust to improve bitcoin. Since scaling costs and scandal are increasingly popular and individuals are involved in this segment.
After a struggle full life history bitcoin has achieved a crown, crown of crypto market king, and this achievement have achieved in a very short period,now when such things happened there must be some behind it, and that is its customers or investors, now the community who help to raise it the same community can put it to end no other can.
After 5 to 7 years, 700 million people worldwide could be using Bitcoins.
The crypto word have seen very much difficulties in its road to the position that it has gained today. Firstly people didn’t accept any of its aspects there also was many reasons. But it have overcome all of the bindings . and bitcoin was the most favorite prey of the criticism.
The statement of Talleb is so much true. Bitcoin have gained the reputation of antifragile, there is no exact word to express the real position of bitcoin we had to find a new word for the new term that is created by bitcoin.
tree types of attact i have seen on bitcoin currency. first one is slow down of it's price. second one is slowdown of it's adoption among people. and third one is reduction of the efficiency of bitcoin. After all of that it is still existing being the number one currency among all cryptos.
Guest Spot: Who or What Can Put an End to Bitcoin?
Over the past few years, Bitcoin has experienced a huge number of attacks and external criticism, getting a reputation of Antifragile. This term was coined by Nassim Nicholas Taleb and describes the phenomenon when something becomes popular under unfavorable conditions.
“Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile.”- says Taleb.
From this point of view, probably, in order to kill Bitcoin, you just have to stop criticizing it. However, in the world of constantly competing currencies and precious metals, this is very unlikely to happen.
Attacks on Bitcoin: Past, Present, and Future
Several months ago, the user of the Reddit network, under the nickname themetalfriend, compiled a list of all attacks that can be aimed at killing Bitcoin. In his opinion: there are three most common types of attacks on Bitcoin:
Attacks to slowdown the Bitcoin development
Attacks to slowdown the Bitcoin adoption
Attacks to reduce the efficiency of the Bitcoin infrastructure
From all the above it follows that all three types of attacks are interrelated. At the very least, they lead to the same result. Let’s consider each of them in more detail.
https://www.ccn.com/guest-spot-who-or-what-can-put-an-end-to-bitcoin/
Earlier governments of China and Russia tried to ban bitcoin but they couldn't.Bankers tried their best to destroy bitcoin and they even created a centralised coin ripple as a competition to bitcoin but it failed.Roger ver tried his best to pump Bcash vigorously and at the same time tried to switch bitcoin miners to mine Bcash by spamming bitcoin transactions with the help of Chinese mining farms.But poor boy he also couldn't do anything against btc.But the only remaining threat is Quantum computers which could read private keys of a bitcoin wallet with the help of public key itself. Over the past few years, Bitcoin has experienced a huge number of attacks and external criticism, getting a reputation of Antifragile. This term was coined by Nassim Nicholas Taleb and describes the phenomenon when something becomes popular under unfavorable conditions.
“Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile.”- says Taleb.
From this point of view, probably, in order to kill Bitcoin, you just have to stop criticizing it. However, in the world of constantly competing currencies and precious metals, this is very unlikely to happen.
Attacks on Bitcoin: Past, Present, and Future
Several months ago, the user of the Reddit network, under the nickname themetalfriend, compiled a list of all attacks that can be aimed at killing Bitcoin. In his opinion: there are three most common types of attacks on Bitcoin:
Attacks to slowdown the Bitcoin development
Attacks to slowdown the Bitcoin adoption
Attacks to reduce the efficiency of the Bitcoin infrastructure
From all the above it follows that all three types of attacks are interrelated. At the very least, they lead to the same result. Let’s consider each of them in more detail.
https://www.ccn.com/guest-spot-who-or-what-can-put-an-end-to-bitcoin/
If hacking or system penetration don't stop bitcoin will end easily the next few years. Only the hackers can destroy or end bitcoin and other crypto. And also might another reason is the government. If they ban bitcoin no one can use it and that might also the end.
Ceaselessly trusted for change of bitcoin. People all over the world by and by recognizing the regard of bitcoin and enduring in a positive way. Since of extending fetched and reputation is picking up progressively ubiquity and people are joining in this portion. Why would government would put an conclusion to this.?
World´s pool of fools is very large, but not infinite. Eventually it runs empty.
It is a true fact that bitcoin is better that other coin. It is a getting better day by day. It is getting attention for the people more. Different types of attack will not stop bitcoin .
Bitcoin becoming popular and people wants to grab it now because the platform where bitcoin can be use are increasing rapidly. That's it's becoming one of the commo currency gradually.
Bitcoin achieve the developement to avoid any type of attack but still bitcoin on risk with many internal attack . But bitcoin will be more sustainable by improving it's blockchain system.
Attacks to slowdown the Bitcoin development
Attacks to slowdown the Bitcoin adoption
Attacks to reduce the efficiency of the Bitcoin infrastructure
Its the people. It has always been people who first want bitcoin to be famous, adopted, be at an unreasonable price,and fulfill the dreams of people without doing anything. I am being a little too vague, but stupidity in people is what causes anything. I go on rants like these, trying to make people understanding by making it simple af to them. But no one bothers to use common sense. Attacks to slowdown the Bitcoin adoption
Attacks to reduce the efficiency of the Bitcoin infrastructure
Bitcoin development isn't the best. Bitcoin adoption is slow, making it slower won't affect much as long as no one creates an unwanted headline about it, bitcoin infrastrucutre's "efficiency" hasn't been great either. These attacks won't end bitcoin. We are way past that.
If bitcoin is being upgrade for balance and without anything hidden agendas to those developers, then therefore bitcoin could last, i guess. Investors and traders trusted bitcoin so therefore it won't fail us mostly traders and investors who believed the capability of bitcoin through out the whole decentralized system.
if there is no investors, if there is no crypto trader, if there is no demand from the public, and if there is no criticism, then the world of bitcoin will reach destruction and die.
but, that is not possible, today we see the fact that bitcoin always gets a good response and able to survive even if it gets a lot of attacks.
but, that is not possible, today we see the fact that bitcoin always gets a good response and able to survive even if it gets a lot of attacks.
I would say only a total power failure can bring the Bitcoin currency to fall!
Beourse then it will become very hard to mine only a few eco miners will work
And that is very unlikely i guess
That is not the only case. If some kind of flaw is found which can not be fixed no matter what, I am quite sure bitcoin will end up going down the drain. Or lets say, some new cryptocurrency has been made which follows all the protocol and solves all the problem we are currently facing with bitcoin, then there are chances of bitcoin becoming valueless. But then again that is highly unlikely to happen. Beourse then it will become very hard to mine only a few eco miners will work
And that is very unlikely i guess
Ceaselessly trusted for change of bitcoin. People all over the world by and by recognizing the regard of bitcoin and enduring in a positive way. Since of extending fetched and reputation is picking up progressively ubiquity and people are joining in this portion. Why would government would put an conclusion to this.?
Continuously trusted for improvement of bitcoin. Individuals all over the world presently recognizing the esteem of bitcoin and tolerating in a positive way. Since of expanding cost and notoriety is picking up increasingly ubiquity and individuals are joining in this segment. Why would government would put an conclusion to this. Unless bitcoin die itself.
Always hoped for betterment of bitcoin. People all over the world now recognizing the value of bitcoin and accepting in a positive way. Because of increasing price and popularity is gaining more and more popularity and people are joining in this sector. Why would government would put an end to this. Unless bitcoin perish itself.
To a secure point of the future, this is the primary journey from BTC. 95% of the world's people will soon come to support of BTC within a short time. Bitcoin has been resistant to the storm, any kind of attack will not stop Bitcoin's fantastic journey.
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