Topic: what is the biggest risk that bitcoin is facing at present? - page 3. (Read 547 times)
I think the issue of unconfirmed transaction is a major threat to bitcoin's sustainability. It is a big risk as Bitcoin users begin to lose confidence due to long delays in having their transactions processed and confirmed and also paying high fees. The inconvenience is just too much for the average user and only a matter of time people get frustrated and start looking for other convenient alternative.
From a technical point of view。
With these types of currencies the technical and financial and all the aspects can't be separated IMO. Everything heavily influences everything else. The biggest risk is probably brand dissolution through fork confusion. Bitcoin development seems to implicitly have adopted a "one coin to rule them all" philosophy. That raises the stakes and risks because now if Bitcoin's market cap is superseded by another coins it will be seen partly as a failure. This is likely to happen although that would probably cause more radical changes to be introduced bye core in order to compete with the new network.
When bitcoin starts to get down, people will debute to leave it and find another cyrptocurrencies that's the biggest risk. We hope bitcoin won't shut down, people need to remain using it.
Obviously that the most critical thing that bitcoin has at the moment are the fees, they are outrageous at the moment.
Only those who are paying more than $40 worth of fees for sending a few bucks are ridiculous people, who the fuck would be able to pay that amount of money just for a single tx?
That is why transactions should get confirmed faster. If you try to look at why the transaction fee is so high it's because there is a lot of unconfirmed transactions. Only those who are paying more than $40 worth of fees for sending a few bucks are ridiculous people, who the fuck would be able to pay that amount of money just for a single tx?
Obviously that the most critical thing that bitcoin has at the moment are the fees, they are outrageous at the moment.
Only those who are paying more than $40 worth of fees for sending a few bucks are ridiculous people, who the fuck would be able to pay that amount of money just for a single tx?
Only those who are paying more than $40 worth of fees for sending a few bucks are ridiculous people, who the fuck would be able to pay that amount of money just for a single tx?
From a technical point of view。
Too many stuck transactions will cause the network to be really slow. That would lead to less people wanting to use Bitcoin. 
From a technical point of view。
Futures are now proving to be a nightmare for Bitcoins (maybe) and that they might even take it to worst than expected.
15k was the least we expected to see this year alone, but the levels broke down to even 13500 and 11500 levels which amplified the whole correction and it slipped down further. Still, we can call it a "crash" only if we take that "20x" into consideration that it started to rise from - $1000. And if we see it falling from $20k to $11k, it isn't a crash but "correction" that corrected it almost 50% but in less time. This is how it's all about, everyone here has a different viewpoint and so, some panicked while some survived this.
Coins being bought and taken out of circulation by the central bankers.
I don't think banks buy bitcoins. They need very large money to do this and they also cause the bitcoin price to be higher.
They also know that Bitcoin is not the only cryptocurrecy.
Big guys giving up on bitcoin. That’s the biggest risk
The big blockers, trying to take the power of full validating nodes from users and putting it into the hands of government-controlled corporations, so they can control both the mining and the validation of transactions.
Bitcoin can never work with big blocks, it opens a can of worms you don't want to open. Peter R and Andrew Stone, Craig Wright and Roger Ver... all scammers.
Core added segwit, which you can ignore if you don't like, but you can't ignore big blocks. Good luck with that.
Bitcoin can never work with big blocks, it opens a can of worms you don't want to open. Peter R and Andrew Stone, Craig Wright and Roger Ver... all scammers.
Core added segwit, which you can ignore if you don't like, but you can't ignore big blocks. Good luck with that.
Coins being bought and taken out of circulation by the central bankers.
The biggest one is that a lot of people started to take BTC as store of value , It is not bad thing but at the same time very risky , Soon people will start move to other coins to transfer small transaction . It is already happening most my friends going for zcash and ether to cut the fee down .
the crew that controls core that are keeping it slow and expensive to use
they have killed it really
they have killed it really
From a technical point of view.
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