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1 sat \ 2 replies \ @DarthCoin 15 Nov 2021 \ on: I'm Jimmy Song. AMA bitcoin
What do you think is the major threat scenarios to Bitcoin existence? And what score of possibility you give to each of these.
a. Some rogue code slipped into Core or LN protocol, that could create a chain-reaction, that could make almost impossible to use BTC.
b. banks/govs will fool (again) normies/nocoiners into taking the custody of their BTC and start mass-control of BTC transactions, heavy KYC and strict usage.
c. In some way all govs decide to shut down mining all over the world (they can find any stupid reason so people can be fooled again).
a) The chain reaction part seems particularly difficult. I hesitate to give it any percentage, but I'd think less than 5%
b) This is arguably the case already. Many people keep their coins on Coinbase, for example. I'd say there will always be such people who are willing to trust a central authority, at least until they get screwed.
c) This isn't possible.
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Thanks. So we need to push more and educate newbies with focus on self-custody. I do my best.
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