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by meltedcapacitor 1871 days ago
Several governments can trivially do a 51% attack and take over Bitcoin if they so wish, for example:

- The Chinese government can get all the main pool/farm owners (all self-doxed) in a room, offer them the choice between being executed or send all blocks their way for central validation. If they choose execution, send government employees to reboot the farms with new code.

- The Taiwanese government can cease the next batch of mining kit as it comes out of TSMC and lol all the way to the (central) bank.

- The US government can tell Coinbase "regulate this thing as told or die". Then all the suits who now own crypto via suit-friendly custodians will in a panic coordinate and fund a 51% attack to save their "investment".

Just a few ideas :-).