
Originally Posted by
_batman
The idea of virtual currency- one that's not regulated by central banks is here to stay, no matter how much central banks and people like James Dimon hate it. But if asked specifically about bitcoin, I'm less optimistic about it. Cryptocurrency still isn't mature enough; mistakes will be made and people will lose confidence in it, but lessons will also be learned and eventually it'll be mature enough to be accepted widely.
Now, about your concerns:
1. While the blockchain itself is pretty robust, there certainly exists coding flaws that's yet to be discovered. No software is bug free, as Parity recently found out the hard way.
2. It's unlikely due to how blockchain works, but if it happens, maybe they can do a hard fork and pretend it never happened.
3. This is a real possibility and a highly likely one, as demonstrated by China. Let's see how exchanges handle that.