What are the biggestest threats to Bitcoin?

Swordsoffreedom

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Quote from: Nathan101 on July 13, 2014, 01:29:24 PM

I think lot of altcoin are the biggest threat to Bitcoin.

Na altcoins are there to develop Bitcoin as separate experiments
Sidechains will probably start to replace those though, or work alongside it as it takes one big cryto to succeed for others to follow in its footsteps.

The biggest threat is ignorance on the behalf of lawmakers and central bankers, and privacy concerns although mining centralization and lack of nodes are also big factors in addition to the above.

vintagetrex

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Quote from: PetePete on May 02, 2014, 12:54:35 PM

Quantum computers? Bugs in the code? Centralized mining?

Is there anything that can't potentially be overcome that is a threat to Bitcoin? Anything I didn't mention?

Thanks in advanced.

centralized mining and loss of the open source development community

hollowframe

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Quote from: runam0k on June 17, 2014, 05:20:45 AM

The biggest threat is surely running out of Bitcoin addresses. Tongue

This, for all intensive purposes is not going to happen.

InwardContour

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Quote from: AliceWonder on July 13, 2014, 02:10:46 PM

Quote from: ShakyhandsBTCer on July 13, 2014, 01:30:07 PM

This is a big threat to the bitcoin economy as people will be afraid to deal in bitcoin with others as they are afraid they are going to be scammed.

I'll sell you insurance against getting scammed.
I just need to see your private keys so that I can inspect how much entropy was used in their generation.... Wink

(for those who can't figure it out, this is not serious)

I think this is a problem. Although you were not serious, many people could very well think that this would be a legit request of selling insurance. As a result they would likely get scammed.

There are two risks here; 1 - people who will attempt to scam newer users out of their coins and 2 - the advanced nature of bitcoin and the lack of education available to new users to help then secure their coins.

AliceWonder

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Quote from: ShakyhandsBTCer on July 13, 2014, 01:30:07 PM

This is a big threat to the bitcoin economy as people will be afraid to deal in bitcoin with others as they are afraid they are going to be scammed.

I'll sell you insurance against getting scammed.
I just need to see your private keys so that I can inspect how much entropy was used in their generation.... Wink

(for those who can't figure it out, this is not serious)

ShakyhandsBTCer

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

Quote from: martinnew on July 13, 2014, 01:00:14 PM

Quote from: LostDutchman on July 08, 2014, 11:07:51 AM

Quote from: martinnew on July 08, 2014, 05:06:44 AM

Quote from: Standup4 on June 29, 2014, 05:07:50 PM

It's people's ambitions. This is very true. Sometimes people get blind with ambition and it's never a bad idea to have different views collaborating

Right, those who have ambition to get all the BTC they could get no matter what is a threat.

Well, now I don't know about that.

Could you elaborate a bit?

I mean those who will scam/steal or willing to do anything just to get BTC.

This is a big threat to the bitcoin economy as people will be afraid to deal in bitcoin with others as they are afraid they are going to be scammed.

Nathan101

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I think lot of altcoin are the biggest threat to Bitcoin.

LostDutchman

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Butterfly Labs.

martinnew

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Quote from: LostDutchman on July 08, 2014, 11:07:51 AM

Quote from: martinnew on July 08, 2014, 05:06:44 AM

Quote from: Standup4 on June 29, 2014, 05:07:50 PM

It's people's ambitions. This is very true. Sometimes people get blind with ambition and it's never a bad idea to have different views collaborating

Right, those who have ambition to get all the BTC they could get no matter what is a threat.

Well, now I don't know about that.

Could you elaborate a bit?

I mean those who will scam/steal or willing to do anything just to get BTC.

LostDutchman

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Quote from: martinnew on July 08, 2014, 05:06:44 AM

Quote from: Standup4 on June 29, 2014, 05:07:50 PM

It's people's ambitions. This is very true. Sometimes people get blind with ambition and it's never a bad idea to have different views collaborating

Right, those who have ambition to get all the BTC they could get no matter what is a threat.

Well, now I don't know about that.

Could you elaborate a bit?

martinnew

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Quote from: Standup4 on June 29, 2014, 05:07:50 PM

It's people's ambitions. This is very true. Sometimes people get blind with ambition and it's never a bad idea to have different views collaborating

Right, those who have ambition to get all the BTC they could get no matter what is a threat.

Standup4

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It's people's ambitions. This is very true. Sometimes people get blind with ambition and it's never a bad idea to have different views collaborating

ShakyhandsBTCer

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

Quote from: LostDutchman on June 26, 2014, 11:06:59 PM

Idiots are the biggest threat to Bitcoin.

This is actually a true threat to Bitcoin as more people use bitcoin, a lot of people who are not security conscious/tech savvy will use it and ultimately somehow lose their coins, either by theft or looking their keys. This could give bitcoin a bad rep

martinnew

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- the scammers/hackers
- limit of its use and legality issues cause the more it becomes popular, the more it becomes hot to the authorities. Tongue

LostDutchman

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Quote from: SpontaneousDream on June 27, 2014, 09:10:34 AM

Quote from: LostDutchman on June 26, 2014, 11:56:47 PM

Quote from: SpontaneousDream on June 26, 2014, 09:10:16 PM

Biggest threat is probably government regulations and banks. They can make it very frustrating to deal with Bitcoin, if they wanted to- which would probably prevent Bitcoin from going fully mainstream.

Screw'em!

Go around them!

This is the internet, after all!

LOL tell that to the mass sheeple

No shit!

SpontaneousDream

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Quote from: LostDutchman on June 26, 2014, 11:56:47 PM

Quote from: SpontaneousDream on June 26, 2014, 09:10:16 PM

Biggest threat is probably government regulations and banks. They can make it very frustrating to deal with Bitcoin, if they wanted to- which would probably prevent Bitcoin from going fully mainstream.

Screw'em!

Go around them!

This is the internet, after all!

LOL tell that to the mass sheeple

LostDutchman

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Quote from: SpontaneousDream on June 26, 2014, 09:10:16 PM

Biggest threat is probably government regulations and banks. They can make it very frustrating to deal with Bitcoin, if they wanted to- which would probably prevent Bitcoin from going fully mainstream.

Screw'em!

Go around them!

This is the internet, after all!

nwfella

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Well hello there!

Quote from: LostDutchman on June 26, 2014, 11:06:59 PM

Idiots are the biggest threat to Bitcoin.

number 1 on my list

LostDutchman

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Idiots are the biggest threat to Bitcoin.

ShakyhandsBTCer

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

Quote from: QuestionAuthority on June 26, 2014, 09:24:34 PM

Quote from: thew3apon on June 26, 2014, 09:19:45 PM

Quote from: runam0k on June 17, 2014, 05:20:45 AM

The biggest threat is surely running out of Bitcoin addresses. Tongue

I dont think bitcoin can run out of address. Can they?

Yes, in the year 9999 we'll run out.

There are actually more possible addresses then there are possible bitcoin (21 million bitcoin broken up into satoshis)

Topic: What are the biggestest threats to Bitcoin? (Read 6916 times)