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Is a quantum computer a threat to bitcoin?

In brief Andreas Antonopoulos said that, while there are potential threats to it, Bitcoin is quite resilient. He noted that 51% attacks, viruses and governments are among the top threats to Bitcoin. The famous Bitcoin advocate highlighted the blockchain's high level of decentralization as its main strength.

Will bitcoin face many dangers in its future life?

  • From Bitcoin’s young age and the application of Murphy’s law, Bitcoin will face many dangers in its future life. For some time now, I have been thinking about the dangers Bitcoin could face that could bring his existence to an abrupt end.

What are the risks of buying and selling Bitcoin?

  • When buying or selling bitcoin locally, a counterparty may ask you to meet in person to conduct the exchange. If it isn't a trusted party that you already know, this is a very risky proposition that could result in you getting robbed or injured. Con-artists have also been known to exchange counterfeit fiat currency in exchange for bitcoin.

What happens to bitcoin if all the mining facilities are destroyed?

  • Assuming that all mining facilities are destroyed in one fell swoop, the remaining intact Bitcoin nodes must first contact each other again. This requires the restoration of the power grid and the Internet. The nodes will agree relatively quickly which transactions they consider valid. But the development of new blocks is stopped first of all.

What are the disadvantages of bitcoin?What are the disadvantages of bitcoin?

Bitcoin weaknesses: crippling slow transactions and accessibility loss. Bitcoin transactions aren’t as fast as they were a few years ago. This is one of the downsides of Blockchain: the more people use it, the more Blockchain limits your transactions speeds.

image-Is a quantum computer a threat to bitcoin?
image-Is a quantum computer a threat to bitcoin?
Related

Will bitcoin face many dangers in its future life?Will bitcoin face many dangers in its future life?

From Bitcoin’s young age and the application of Murphy’s law, Bitcoin will face many dangers in its future life. For some time now, I have been thinking about the dangers Bitcoin could face that could bring his existence to an abrupt end.

Related

What are the risks of buying and selling Bitcoin?What are the risks of buying and selling Bitcoin?

When buying or selling bitcoin locally, a counterparty may ask you to meet in person to conduct the exchange. If it isn't a trusted party that you already know, this is a very risky proposition that could result in you getting robbed or injured. Con-artists have also been known to exchange counterfeit fiat currency in exchange for bitcoin.

Related

What should I do if I get a bitcoin extortion letter?What should I do if I get a bitcoin extortion letter?

The letter also explains how to use bitcoin to make the payment. This is a criminal extortion attempt to separate people from their money. If you — or someone you know — gets a letter like this, report it immediately to your local police, and the FBI. Threats, intimidation and high-pressure tacticsare classic signs of a scam.

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