26 sats \ 6 replies \ @Satosora 12 Aug \ parent \ on: Should the US Government Acquire a Bitcoin Reserve? • Listen on Fountain bitcoin
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.
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.
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No, it would go to zero, because trust would be lost in the network.
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If others are holding it then they will also likely be mining it, if only to defend against a 51% attack.