I was asked over the weekend if I could think of any way to bring down Bitcoin. Of course, "impossible is nothing", so there may well be a way. But I can't see what it would be.


Technically, it seems very unlikely to me that one wealthy actor could destroy Bitcoin, and I cover 51% attacks, quantum crypto cracking, and ordinary key/hash function cracking in the video and explain why they won't work.


Legally - well, the evidence from Russia and India is that it's ineffective. It's like trying to ban particular thoughts. In any case, it only applies to one country.


Socially - this would seem to be the most effective approach to me, except that the evidence is that rubbishing Bitcoin in the media just makes the spokesperson look stupid or ill-informed.


Economically? How about cornering the Bitcoin market? Just look at what happened to the Bunker brothers when they tried this with the silver market in 1980. And the "market cap" of Bitcoin and silver are about the same.


It may be possible, but I can't see how Bitcoin can be brought down intentionally. It would be easier to herd a million cats.




Here's the link to the video of Andreas Antonopolous that I mentioned: https://www.youtube.com/watch?v=ncPyMUfNyVM