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Wouldn't people just stop using it, though? It seems like a very crude and expensive attack on bitcoin savings. Considering that many mainstream investors hold Bitcoin now, I'm not sure why they'd want to do this.
If they can get a 51% attack, they could potentially increase the amount of bitcoin. IF bitcoin gets as big as everyone thinks, wont that be worth it?
No, it would go to zero, because trust would be lost in the network.
Someone is always left holding the bag. If the USA uses it as a reserve currency, wouldnt others, too? Do you understand where this is going? Trust isnt lost instantaneously.
If others are holding it then they will also likely be mining it, if only to defend against a 51% attack.
I guess it depends on how organized the governments are. I guess its not a race for nuclearization, it would be a race for bitcoin mining.
Its highly unlikely, but I dont rule it out. Especially once they get in their mind that they could control the whole blockchain by doing that.