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20 sats \ 5 replies \ @Undisciplined OP 12 Aug \ parent \ on: Should the US Government Acquire a Bitcoin Reserve? • Listen on Fountain bitcoin
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.