2) 1M SC is worthless. 51% control of the control money is 100% control over the network.
Something similar applies also to the other chains: 51% hashpower means 100% control over the network.
Yeah except most networks don't start out by handing 100% control to a single person and then have zealots running around calling it a feature.
Look there is no 51% attack (because it is already 100% vulnerable). LOLZ.