> If nothing else happens taxes increase by 100%, and people need to acquire more USD which drives the value of the currency up. Oh definitely. I did not mean

> If nothing else happens taxes increase by 100%, and people need to acquire more USD which drives the value of the currency up. Oh definitely. I did not mean to imply that taxation in USD does not have a modulating effect (and if I came across that way, I apologize). I'm just trying to say that you can have some pretty wide swings even with that. > but there is a reason you don’t see huge swings without the government printing money. You don't generally see it, no. Mostly because other countries use the dollar as a store of wealth, and they don't want to tank the value that they've squirreled away. I'm bringing it up as a hypothetical with the same likelihood as a 50 + 1 attack on bitcoin. China, for example, seems to hold ~2 trillion in USD (~60% of 3.5% trillion total reserves).[0] I assume most of this is held as digital assets, as there's only ~2 trillion physical dollars in circulation.[1] Dumping that much on the market would cause some pretty wacky inflation (as well as destroy China's stability). In a similar vein a 50 + 1 attack on bitcoin would allow an actor to give themselves all of the bitcoins, but would also destroy the value of those bitcoins because nobody is going to trust the network after that. Both of these attacks are really only useful if you value hurting other actors more than you value your own resources/your own sense of self-preservation. [0]: https://en.wikipedia.org/wiki/Foreign-exchange_reserves_of_China https://en.wikipedia.org/wiki/Foreign-exchange_reserves_of_C... [1]: https://www.uscurrency.gov/life-cycle/data/circulation https://www.uscurrency.gov/life-cycle/data/circulation