₿

Bitcoin Risk & Failure Scenarios

1. Risk Breakdown (Pie Chart)

2. Example Failure Modes

Failure Mode	Real-World Example	Year	Impact
51% Attack	GHash.io briefly exceeded 50% hashrate	2014	Censorship & double-spend risk
Protocol Bug	Value overflow bug	2010	Potential ledger rewrite
Mining Ban	China bans domestic mining	2021	65% global hashrate offline
Quantum Threat	Post-quantum key compromise (theoretical)	Future	Account takeover

3. Attack Flow: 51% Cartel

4. Sources of Information

Bitcoin: A Peer-to-Peer Electronic Cash System (Whitepaper, 2008)
Bitcoin Core Release Notes & Documentation
“GHash.io Pool Reaches 51% of Bitcoin Hashrate” (2014, community archives)
“Value Overflow Incident” (Bitcoin bug tracker, 2010)
Reuters: China’s 2021 crypto mining crackdown analysis
Academic research on post-quantum threats to blockchain

To learn more about Bitcoin and build wealth, Join Maple Bitcoin School

[ Return Home ][ Return Up One Level ]

Dedicated to protecting your financial future with independent, secure investment knowledge.

© 2025 Ted Lee. All links, all freedom. Not Financial or Legal Advice. For Education Only.