Subnostr

I'm curious what are the biggest risks to bitcoin at this point?

even if the risk is only .001% or something smaller of a failure, nothing is zero risk and of all the tiny risks one of those tiny risks is the greatest

the typical things people say is the government will ban it or something like that

we saw with Craig wright that you can also have a failure where the developers are getting sued and abandoned the project. so that's a potential future risk

a global EMP could take it out along with civilization itself

these are the sort of things I'm talking about

Satosha 1y ago

If you mean "Price goes down " is the risk then yes - gov ban counts as risk .. but that is not a risk because then it allows more time for #bitcoin adoption in plebs ... the real purpose of bitcoin :-) So either ways #bitcoin wins .. if you ban it , it becomes currency ..if you don't then it becomes reserve money !

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Discussion

curt finch 1y ago

I'm looking for risks even if infinitesimal that it goes to zero that the network completely fails somehow

Satosha 1y ago

I see .. I think there is no risk ... for example in case of Global EMP only digital thing that is likely to survive is #bitcoin .. If the grid goes down, bitcoin will survive detached from the grid .. internet will never go down thanks to Starlink and many many more jumping on the bandwagon ... gov ban would never kill bitcoin cuz chances of 200 govs banning something together is ZERO and even if they did , bitcoin lives on ..

Bitcoin is invincible .. because it is decentralized and fully distributed

curt finch 1y ago

zero risk

zero is a very small number

Satosha 1y ago

It is more than my survival risk :-)

curt finch 1y ago

huh?

Satosha 1y ago

I mean bitcoin wont fail as long as I am around .. and you :-) so