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RE: Do you REALLY understand Bitcoin 51% Attack? Programmer explains.
The 51% Attack is quite achievable. Like you suggested, if a country feels threatened by BTC they can launch this attack, cripple BTC and then come up with theirs so as to control their economy and have a controlled decentralized network.
Thanks @ivanli, I'm a great fan of yours.
At this point they would have to attack every crypto I think because people would just switch the value to one of the other chains? DASH for example.