I think you’re missing the fact that “the economy” isn’t actually about currency or accounting. Those are ways of tracking the economy, which consists of various goods and services that people provide to each other.
If any given currency (crypto or not) becomes untrustworthy, it’s value goes to zero, and other currencies take over as accounting mechanisms. Often with some violence in disputed ownership of the actual stuff that the currency was supposed to have been tied to.
I think you’re missing the fact that “the economy” isn’t actually about currency or accounting. Those are ways of tracking the economy, which consists of various goods and services that people provide to each other.
If any given currency (crypto or not) becomes untrustworthy, it’s value goes to zero, and other currencies take over as accounting mechanisms. Often with some violence in disputed ownership of the actual stuff that the currency was supposed to have been tied to.
Yeah, you’d need to have the social expectations be that 51% attacks are a legitimate part of the mechanism.