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Topic: What are some impediments to Bitcoin's continued growth - page 2. (Read 235 times)

member
Activity: 159
Merit: 72
I guess Michael Saylor is right, no one can stop bitcoin's growth, because first of all no one can really control it. Bitcoin is decentralised, no single authority and as you can see there's even division before in 2017 that causes some entity to split and have their own fork coin, i.e Bitcoin Cash.

China's bitcoin mining ban? Nah, all miners will do is shift to other nations with cheap electricity.

Environment effect? this has been debunked during bitcoin's bull run in 2013,2017 and now 2021.

51% attacks? too expensive and no incentives for those who might pulled this stunt.

Crypto regulations? we have seen worst already, and yet bitcoin is still up and running.

Crypto exchange hacks? might put some dent on the price, but in the long run, bitcoin will bounce back.

FUD's? bitcoin is so resilient and proven itself against this FUD' mongers and negative news.
Why do you think we've seen the worst already for crypto regulations? Governments can create whatever policy they want to disincentive bitcoin investment if it gets big enough, if a sledgehammer approach doesn't work they can use thousands of paper cuts instead.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
On the top of my head, slow improvements in terms of user experience(UX) in general.

This is going to be subjective. Some people would argue that Bitcoin's current state is good enough; which can be right when talking about the store of value narrative.

In terms of the payments narrative though, while we have great Lightning wallets now, it's still not in the best state; and that there could still be improvements to be made to make it more easier for the casual user.

While this definitely won't sort of make Bitcoin "outdated" or something, it's definitely going to be somewhat of a speedbump in terms of growth.
hero member
Activity: 1414
Merit: 542
I guess Michael Saylor is right, no one can stop bitcoin's growth, because first of all no one can really control it. Bitcoin is decentralised, no single authority and as you can see there's even division before in 2017 that causes some entity to split and have their own fork coin, i.e Bitcoin Cash.

China's bitcoin mining ban? Nah, all miners will do is shift to other nations with cheap electricity.

Environment effect? this has been debunked during bitcoin's bull run in 2013,2017 and now 2021.

51% attacks? too expensive and no incentives for those who might pulled this stunt.

Crypto regulations? we have seen worst already, and yet bitcoin is still up and running.

Crypto exchange hacks? might put some dent on the price, but in the long run, bitcoin will bounce back.

FUD's? bitcoin is so resilient and proven itself against this FUD' mongers and negative news.
member
Activity: 159
Merit: 72
A lot of news or events (e.g. china bans, random tweets, tether) have generally been dismissed as FUD, perhaps rightfully so.

I'm curious what are some genuine concerns for the future growth of Bitcoin? Some people in the space (e.g. Michael Saylor), when asked this question would say nothing can stop bitcoin but I'm asking here to hear more of a balanced view.
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