51% attack is the only big problem that Satoshi didnt think of
Actually, he did think about it. Read the white paper. 
Topic: What are the biggestest threats to Bitcoin? - page 2. (Read 6917 times)
51% attack is the only big problem that Satoshi didnt think of
Yeah but wouldn't you like to be the person who could execute that one?
51% attack is the only big problem that Satoshi didnt think of
The biggest threat is surely running out of Bitcoin addresses. 
I dont think bitcoin can run out of address. Can they?
Yes, in the year 9999 we'll run out.
1.) Unscrupulous bitcoiners. Thieves basically.
2.) Mining centralization
3.) Net Neutrality being compromised.
2.) Mining centralization
3.) Net Neutrality being compromised.
True enough but there is little we can do about the thieves so we need to just go on and do the best we can.
As in any other industry.
The biggest threat is surely running out of Bitcoin addresses.
I dont think bitcoin can run out of address. Can they?
1.) Unscrupulous bitcoiners. Thieves basically.
2.) Mining centralization
3.) Net Neutrality being compromised.
2.) Mining centralization
3.) Net Neutrality being compromised.
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.
The biggest threat is surely running out of Bitcoin addresses.
Now that is funny. Do have even the foggiest idea how big 2160 is? No, you don't (and really, I don't either).Goverment! Look, friggin Bolivia banned Bitcoin!!
Bolivia? Really? You are concerned about Bolivia? Really?GHash.IO which is a joint consortium of various Bitcoin miners, now control more than half of the mining activity, a phenomenon which by some circles assessed would be a threat to the system.
I remember when the DeepBit mining pool was the 51% boogie man and everyone was sooooo concerned about them. Where is DeepBit now? Anyone seen them? No. Same thing will happen to GHash.io eventually. legendary
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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.
Is there anything that can't potentially be overcome that is a threat to Bitcoin? Anything I didn't mention?
Thanks in advanced.
Well besides quantum and bugs and centralized mining as you mentioned can't think of anything else other than new competition that supersedes Bitcoin, or death by regulation and legal systems.
Thinking centralized nodes and 50% are around the same concept but if not worth a distinction as well.
Goverment! Look, friggin Bolivia banned Bitcoin!!
No problem.
Offshore corporations, offshore bank accounts.................
Screw the Bolivian government!
Been gone for a while due to health issues but everything is OK now.
Just kind of took a break from the madness of crypto!
The biggest threat is surely running out of Bitcoin addresses.
:p Don't worry about that..! the chances of humans not existing on the planet earth are higher then we running out of bitcoin addresses :p
Goverment! Look, friggin Bolivia banned Bitcoin!!
The biggest threat is people. Hackers, mad bankers, stupid people, etc.
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.
Exactly what i was thinking. And maybe banks also.
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.
The main idea behind the creation of Bitcoin is, that the system of virtual money that are beyond the control of any central force. Bitcoin system works based network communication between computer users that will confirm each transaction and the issuance of new money. However, in reality it is not entirely true. GHash.IO which is a joint consortium of various Bitcoin miners, now control more than half of the mining activity, a phenomenon which by some circles assessed would be a threat to the system.Is there anything that can't potentially be overcome that is a threat to Bitcoin? Anything I didn't mention?
Thanks in advanced.
Bitcoin is the creation of new money through a series of mathematical puzzle solving is increasingly dominated by a few groups of miners known as a collection. Various miners and then unify the computing power of sharing successful Bitcoin obtained. Combining the power of computing to give greater opportunities to solve mathematical puzzles in every Bitcoin transaction verification. GHash.IO is a collection of the most successful miners who controls nearly 51% of the computing power of Bitcoin mining (hashing power), theoretically has enough power to cheat the system.
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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?
Any serious effort to block the FBI seized coins from being stolen would be a huge blow
How would that be possible to 'block' them? Theyre getting sold either way at the end of the month
i think the 51% attack is bitcoin's biggest concern.. because its nature is supposed to be completely decentralized, but if there were a 51% attack, power would be held in the hands of a certain few.
A 51% attack is not a major concern now. Anyone who possess 51%+ hash power would have already invested hundreds of millions of USD in to mining rigs. If such an attack happens, all that mining power will become useless. Similar to this:
The biggest threat is surely running out of Bitcoin addresses.
i think the 51% attack is bitcoin's biggest concern.. because its nature is supposed to be completely decentralized, but if there were a 51% attack, power would be held in the hands of a certain few.
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