Are socialists offended by sports? So many people didn’t make the team because they didn’t have natural talent or didn’t work hard enough. So many people motivate by competition to play better. So many winners and losers. So much inequality.
Is this possible:
1) Bitcoin price collapses to $1000
2) Major mining companies shut down
3) Mining difficulty adjusts downwards
4) 1 miner starts up again, now with 51% of the hashing power
5) Miner steals all the bitcoin