When it comes to menaces, my only realistic concern I can think off is someone (or a group off) extremely rich people (think the Bilderberg Group for instance) decide to fuck up Bitcoin for X reasons, buy an insane army of ASICS and aim them all strategically to go 51%++
What do you think of such sceneareo?
Yep, or regulate it to death so it won't be mainstream, or buy and sell large, random amounts frequently for an indefinite period of time to create intolerable volatility.
Yeah, but also, I think sometimes people compliate it so much. What about good ol old school bribing? Let's say a super powerful wealthy entity starts a plan to bribe current stakeholders. Say, the Winklevii. They great approached by said super rich entity, and they get told that, if they sell all of their stake to said entity, they will recieve a ridiculous amount of interest as well.
They do this with every single stakeholder.
From an outside POV, if done subtly the price would go low for sure, but Bitcoin has taken a lot of blows already and recovered. What would have changed in this scenareo is that all the big stakes now belong to an institution with evil intentions.
No need for "bribing". Entities that wish to acquire coins can simply buy them
at or above market price. If i was super wealthy and wanted a ton of coins,
I would be contacting large miners, not the Winklevii, as well as purchasing
over time from exchanges.
