For those out there that have spent 100 hours plus researching #bitcoin: what is the biggest threat?
Discussion
Losing your private keys or not having an adequate inheritance plan
That people don´t want to spend it.
The centralization of mining power is the biggest weakness imo.
maybe Satoshi reemerging and blowing his load... that, or Doc Brown finally cracking his flux capacitor project
I think it's impossible for that to happen, I believe that satoshi is already dead (Finney?) and without access to your keys.
Bitcoin is the Moral Imperative just as Mary gave birth to a virgin.
Losing your private keys. Not even if someone takes 52% of the hash power it won't matter because because the other percentage still want to mine and they'll mine Your transaction the only thing is your transaction will take longer. The only threat to bitcoin is not having any..
And if satoshi reappeared and moved his coins and makes the value of bitcoin drop. I'm gonna gobble it all up.
The financial illiteracy of the general public.
I agree, bitcoin is not for everyone but I think the user experience tends to improve and it will get easier and easier. Umbrel is a great example of this, it's very easy to install and run a node. Although in the future many people will use bitcoin without knowing what it is or how it works.
if central banks acknowledge their mistake and go back to the gold standard.
Why would you go back to something worse than bitcoin? Gold has the shipping problem and you can't check.
Trust but verify.
Apathy. People are reluctant to take responsibility and cuck their UTXOs to 'hosted/KYC wallets'.