> The argument is always going to be - Bitman etc are not going to harm the network even if they take over. The reason being it will always be in Bitmain's favor to ensure bitcoin's sanctity.
Wait wait... there are bitcoin supporters arguing this?
Now s/Bitmain/US government/ and this is basically the argument for dollar. (Or any fiat currency, for that matter.)
Satoshi said as much in the Bitcoin paper. To quote:
If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth
Wait wait... there are bitcoin supporters arguing this?
Now s/Bitmain/US government/ and this is basically the argument for dollar. (Or any fiat currency, for that matter.)