So this brings up questions:
1. Is this technically possible?
2. What would be the technical implications of China doing this?
3. What would be the geopolitical implications?
4. What would this do the broader cryptocurrency sector?
5. Have major governments e.g. the US and NATO countries ever (publicly) announced any contingency planning around this problem? Putting a $1.5T asset at risk is something that could rattle the entire world economy. This seems like something they would at least think through?
1. Yeah, pretty simple if you're willing to spend enough.
2. What technical "implications" it's a 51% attack, it happened before on a number of coins, we have the precedent
3. Zero
4. A big dive followed by a migration to the next best coin, and the revelation that the majority is interested in the returns now the coin
5. You're overreacting, nobody would really give a damn, 1.5T in market cap doesn't mean 1.5T in wealth for the US, even now at least 70 billion out of those are locked in Satoshi's wallets, more are lost, a shitton is held by other people in other countries including China, as for rattling the world economy, common...Bitcoin lost 3 years ago 1 trillion in market cap and it wasn't the end of the world.