Post
Topic
Board Economics
Re: Is it possible for the bitcoin to lose it's value ?
by
romani245
on 07/08/2017, 23:08:49 UTC
But guess what? Bitcoin have always found a way to recover. A digital currency with the largest community, and that makes it able to achieve anything, if the people work together.

True, for the most part. I can think of a few scary scenarios, though. What if SHA256 gets broken? Will the entire community be able to quickly agree on a replacement algo? What if quantum computing threatens competitive mining? There are some existential threats to Bitcoin that it might not be able to recover from.