Can Bitcoin Come To An End?

Since showing up, Bitcoin was a target of a huge number of attacks and criticism as we have covered extensively in our crypto news reporting. People have been asking themselves whether it is possible to kill bitcoin if we just stopped talking about it, but this is very unlikely to happen.

A Reddit user even created a list of all possible attacks that can eliminate bitcoin and according to him there are three types of attacks:

• Slowdown the development
• Slowdown the adoption
• Reduce the efficiency of the infrastructure

If bans are imposed on using Bitcoin, governments will cause inconvenience to people who own them. But, bitcoin was banned in many countries such as Vietnam, Bolivia, Ecuador and many others but the bans didn’t bring any results. In other countries such as China and South Korea, even a rumor about a ban affected the exchange rate of the cryptocurrencies. Despite the rumors, Bitcoin still remains alive.

Cyber warfare is a type of hacking and illegally manipulating social networks. Bitcoin was a target million of times but it showed excellent resistance and remained still. This is due to the extremely strong security system Bitcoin has and also because of the many decentralized nodes that are in the network.

Another type of attack could be the PR attacks. Popular media and government officials often say that Bitcoin is associated with crime. Media takes these statements and exaggerates the extent of damage that news like these makes.

Despite all the types of attacks out there and the creativity of the people who want to harm bitcoin, killing it would require a lot more effort than this. However, there are several agencies that can significantly impact and damage Bitcoin so we would be foolish to think that Bitcoin is indestructible.