by The Coin Shack | Sep 9, 2020 | Downfalls and Risks, The Coin Shack
Consumer Apathy is a Risk The previous posts have focused on powerful centralized entities such as governments and stakeholders in the ecosystem such as developers. There is another group that is paramount to the development and adoption of Bitcoin. At the end of the...
by The Coin Shack | Sep 2, 2020 | Downfalls and Risks, The Coin Shack
Bitcoin Developers are one of the most important stakeholders of the Protocol Another internal risk to the protocol lies with one of the most important yet often ignored stakeholders; the developers of Bitcoin. Bitcoin is an open source protocol that is managed by a...
by The Coin Shack | Aug 26, 2020 | Downfalls and Risks, The Coin Shack
A Bug in the Bitcoin Code So far we have explored the risks to the mass adoption of Bitcoin from the perspective of what governments can do to stop it’s growth. There are also internal risks within the protocol. This blog post will discuss an always present...
by The Coin Shack | Aug 19, 2020 | Downfalls and Risks, The Coin Shack
Currency Peg to Gold Continuing on this theme of the role governments will play in the future of Bitcoin, let’s discuss another tool at their disposal. If governments agree to peg a reserve fiat currency to the gold standard, it could affectively put a dent in...
by The Coin Shack | Jul 30, 2020 | Downfalls and Risks, The Coin Shack
Risks and Downfalls Bitcoin has the potential to change some of the biggest problems that plague modern society today. We truly believe that a lot of the problems we see today, from the civil unrest to the endless wars can be mitigated or solved if Bitcoin works the...
