Topic: is bitcoin bulletproof? (Read 642 times)
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.
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. 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 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 is bulletproof because it is an idea. An idea which investors, traders, less fortunate and unemployed ones are dependent. Cryptocurrencies won't die but will multiply. Bitcoin is unstoppable so if a country or a group of people are in FUD it will only be a small percentage of dip and will soon be bouncing back. Bitcoin can be dead unless the whole world stop using Bitcoin and I think that is impossible to happen because highly developed and developing Asian countries accepted the use of Bitcoin so it is really hard to tell when will be Bitcoin become a dead coin. 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?
When it comes to investing, nothing is "bulletproof." However, over time bitcoin is successfully building its brand and legitimacy. Like any other investment, bitcoin will have its ups and downs. In 2030, I think most will agree the bitcoin price will be much higher.
Well I would say its bulletproof because the threats to bitcoin till now have been quite unsuccessful in hindering its popularity. Moreover even a bulletproof vest does not provides you a 100% protection. But considering the fact that technology changes everyday. We obviously can not say that it would remain bulletproof for life.
If my opinion Bitcoin is bulletproof for now because in the past bitcoin manage to survived all the challenge it been through all the hard forks and etc.
i also think that bitcoin will still survive in the near future but in the late future we cant tell what will happen so i think bitcoin is invulnerable at the moment.
i also think that bitcoin will still survive in the near future but in the late future we cant tell what will happen so i think bitcoin is invulnerable at the moment.
~ so many challenges ~
can you name some of these challenges. because i can only think of one or two challenges that were worthy of the name.
1. the scaling challenge: which lasted a couple of years and it is finally coming to an end. with activation of SegWit it moved forward and it is nearly done until we get the drama in a couple of months and then it is completely over.
2. the adoption challenge: which has always been with us ever since the start and it is slowly improving.
the rest are just drama, like government, regulations,... and most of them are FUD anyways so i wouldn't consider them as a half challenge even.
Though bitcoins already advances every time, we can't say that it is 100 percent bulletproof or flawless especially when you are considering thatit is related to internet. There will always be flaws that can be discovered and will be fixed eventually but it will be a neverending process circulating on these two. And aside also from this theres still several factors to be considered.
The uptime is borderline flawless. Unfortunately it's used by humans and they will always be the weak point. Even if Bitcoin itself is perfect, the people surrounding it motivated by greed, fear, weirdness or coercion could easily balls it all up.
We're never going to get rid of humans so Bitcoin will never be bulletproof.
We're never going to get rid of humans so Bitcoin will never be bulletproof.
Thank you, master, glad to hear you will not kill us off completely.
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 thoughts on this? Share with us what you think, please?
we cant say that bitcoin is bulletproof the good thing in bitcoin is it can adjust to what needed of the user so it keep growing and getting matured 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 thoughts on this? Share with us what you think, please?
It is very true The BTC has become bulletproof today.
The BTC is More Stable today after passing through many adversities
The BTC is More Stable today after passing through many adversities
Bitcoin is more than just bulletproof. No matter the news or bad news about Bitcoin. Bitcoin will keep rising and crawling up like a rocket that flies breaking into the moon. And I think Bitcoin is not as Bulletproof, but like a spear that pierces bulletproof. Bitcoin is very strong.
The uptime is borderline flawless. Unfortunately it's used by humans and they will always be the weak point. Even if Bitcoin itself is perfect, the people surrounding it motivated by greed, fear, weirdness or coercion could easily balls it all up.
We're never going to get rid of humans so Bitcoin will never be bulletproof.
We're never going to get rid of humans so Bitcoin will never be bulletproof.
You can't really say anything is bulletproof but I get the concept, Bitcoin has faced many challenges throughout it's time and it always seems to bounce back. It's still early days in it's lifespan, for now, I just hope it continues in the same vein that it has to date. Lots of factors could play a part in the future as to whether or not in continues to grow over time.
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 thoughts on this? Share with us what you think, please?
no one can predict the future but i think your correct in no country can stop bitcoin now,bitcoin comprised by joining some open campaign,faucet,gambling and trading to earn so i think this is why you cant stop bitcoin for growing,im not sure if bitcoin go so high after a year but based on previous month only i think its 2x high now,the number one reason why the bitcoin going so high because to many person that use it,so many conveniece things that bitcoin brings so thats why this is so popular in different country 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 thoughts on this? Share with us what you think, please?
Those are just normal challenges that comes with something that is new. There will be more challenges ahead as more are noticing bitcoin. It will be rough road ahead. I will not say bitcoin is invincible. Bitcoin is just something that adopted well with the challenges it faces.
I wouldn't say that is is completely bulletproof and safe from all threats, but with it's current track record it certainly looks unbreakable.
Here are the main issues we face
- Legal action, which is similar to china banning ico's
- Technical problems, usually these revolve around segwit and mining.
Here are the main issues we face
- Legal action, which is similar to china banning ico's
- Technical problems, usually these revolve around segwit and mining.
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 thoughts on this? Share with us what you think, please?
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 thoughts on this? Share with us what you think, please?
Honestly it's too early to say it's the invention of the century. Artificial intelligence, nano bots, things of that nature will have huge impacts on society as well.
This could definitely become one of the most innovative technologies to emerge, but until it's widespread and widely adopted it's hard to say what impact it all have long term
There is no such thing as safe investment and we have seen it in the past like the great depression era or wars, I voted Bitcoin is not bulletproof because it is susceptible to attack and manipulation bad news has an impact on it but glad to know it always bounce back.
We can categorize the threats into three different class. All of them should be taken serious.
1-Governmental threats, banning bitcoin, making it illegal, prohibitions etc.
2-Technical problems, bugs, hacking vulnerability, 51% attack, clone bitcoin.
3-Market problems, huge dumps, market crashes, corrections, excessive loss of value.
1-Governmental threats, banning bitcoin, making it illegal, prohibitions etc.
2-Technical problems, bugs, hacking vulnerability, 51% attack, clone bitcoin.
3-Market problems, huge dumps, market crashes, corrections, excessive loss of value.
Jump to: