Thanks for the quality take on what is going on. I am thrilled I took profit before Christmas and bought everyone nice gifts. I can re-buy that BTC soon and at less than half the price. The entire market does not always follow BTC, remember the "flash crash?" I think a State actor could attain 51% hashpower if it really wanted to do that, think Amazon and how they get huge money from the US Government. My question, and you probably know @ivanli , could they pull a double-spend and break the whole thing?
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Ivan is great explainer in chief. A true visionary. I subscribe to his channel.
Suppose some entity manages to double spend, the questions is will it be sustainable? how many blocks before it gets rejected. I suspect that they may not get very far!