What can potentially destroy the Bitcoin network?
In this article, the author proposes seven theories:
- The Armageddon
- A critical bug in the software
- Many hard fork
- The crackdown of all governments at the same time
- A critical hack on the network
- A better coin that will surpass Bitcoin in dominance
- The market fatigue
The complete story:
Source: https://www.coindesk.com/can-bitcoin-destroyed-7-unlikely-paths-irrelevance/
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Check out my previous posts on my crypto blog
- https://chesatochi.com/top-20-crypto-tips-investing/ - Top 20 Crypto Tips for Investing and be Smarter with your Decisions
- Top ICOs February 2018 - https://chesatochi.com/top-icos-february-2018/
- Sola.ai review – The Paradise of Pictures and get Paid for It - https://chesatochi.com/sola-ai-review/
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I think that Bitcoin will probably become obsolete in the long run. Transactions cost way too much plus they're really slow. That's not a quick way to die, but a slower and painful one.
You should read about the Lightning Network.
Let's wait and see what happens to bitcoin.
If I had the technology for time traveling, I will do a fast forward to see what is going to happen ;)