How many people would simply move away from Bitcoin if something like this were to happen though? In other words, I believe there's got to be a threshold past which a lot of Bitcoin holders understand that things are going wrong and look for alternatives. Which makes me think that totally and completely capturing the chain won't give the powers that be for they're looking for in the long term.

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JackTheMimic's avatar
JackTheMimic 1 week ago
People with 100% of their wealth would have a very difficult time exiting if the exchanges and the miners are the ones working together to keep people in the system. So the option is to go through their system and lose a large percentage of your wealth or abandon your wealth to the Bitcoin system in and of itself. both destroy Bitcoin and effectively reset it to zero.