Over the past few years, Bitcoin has experienced a massive number of attacks and external criticism, getting a reputation as Antifragile.
“Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty.
From this point of view, probably, to kill Bitcoin, you just have to stop criticizing it.
Bitcoin was banned in many countries, particularly in Ecuador, Afghanistan, Morocco, Vietnam, Bangladesh, and Bolivia, but these bans did not bring any results.
In China and South Korea, even banal rumors about the possible prohibition of Bitcoin were immediately reflected in its exchange rate.
Even though many countries are trying in every possible way to prohibit the use of this cryptocurrency, they simply cannot stop the interaction of their citizens with the network.
It is useless to prohibit Bitcoin or any specific cryptocurrency since its code may change very quickly, much faster than the subsequent legislative ban is ready.
If we talk about the persecution of those who are engaged in mining and own considerable sums in crypto, then this has already happened.
Authorities dictate their own rules and require that exchanges and wallets share their users’ personal data under the guise of KYC and AML rules.
If even cyber crooks manage to change the Bitcoin code or alter transaction records, the network will immediately reject such actions.
Journalists create more doubts and fear without taking into account the fact that breaching companies that serve Bitcoin and hacking Bitcoin itself are two different things.
Attempts to rise at the expense of a well-known brand can be called an attack too.
In this situation, they could force their miners to work towards Chinese political goals, scarifying immediate monetary gains.
The so-called zero-day bug is an attack associated with an unknown vulnerability for the correction of which the developers have 0 days.
It has long been known that most of the major companies in Silicon Valley cooperate closely with intelligence agencies.
Probably, the next test Bitcoin will have to go through will happen during the next financial crisis.