What would kill Bitcoin?

Moderator: kyletorpey

What would kill Bitcoin?

by chetan » Thu Apr 17, 2014 1:27 pm

Other than banish it, what is the prominent risk to the price of Bitcoin? What circumstances may kill Bitcoin or bring it down to less than $10?
 
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Re: What would kill Bitcoin?

by kyletorpey » Fri May 23, 2014 11:13 pm

At this point in time, it is difficult to envision a scenario where the price of a single bitcoin crashes to $0. The biggest threat to Bitcoin is also a rather unlikely threat at this point. Many people talk about regulation or the possibility of a 51% attack, but the reality is that the biggest threat is probably some error in the source code that has been missed by some of the best hackers in the world for the past 4-5 years. There is a large financial incentive for someone to find a flaw in the Bitcoin source code, so it is more than likely that such a flaw would have been found by this point.
 
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