[michaniskin]

The Fed is (nominally at least) a private institution. They are not hobbled by government bureaucracy. Just look at all the things they did in 2020 that everyone would have imagined would have been impossible. All they need is the green light to do it, and the Fed can swoop in ninja style and get stuff done, as they do. There is no oversight, there are no constraints.

[mikeblackson]

I have seen no evidence that central banks are as agile as you claim. Changing a number on a central database is not impressive and doesn't prove they can execute a much more technical attack on a well defended network.

Central banks are more fragile than the Bitcoin network and they definitely don't have the support of the masses. I expect they would lose a lot more than just money in this attack.

Bitcoiners would love to pull these institutions out of the shadows and I don't think central banks survive when exposed to sunlight. Just a small community of coders caught wind of how CBs operate and constructed powerful platforms to carry out large scale speculative attacks on them. Imagine what happens when a few billion people understand how CBs operate... their days are numbered.

[michaniskin]

Running a 51% attack is not rocket science. It doesn't involve inventing anything new. When they can print the money to fund it it doesn't even require a business plan. All they need to do is buy up enough hash power and they win. Come on now, if there's anything we can learn from 2020, it's that the Fed is extremely efficient at printing money to buy things to shore up their fiat monetary regime.