Suppose there are the following entities:
- An anti-BTC entity A who has $10M;
- Mining pool B who holds $1M in assets (including btc and mining hardware) and controlling 25.5% of the total mining power;
- Mining pool C who similarly holds $1M in assets and controlling 25.5% of the total mining power.
Suppose A has the intent to destroy BTC by for instance causing panic among BTC users.
A offers B and C $2M each to take over their mining pools. Since this is more than their assets value, B and C accept the offer.
With 51% of the mining power, A then launches the 51% attack.
Panic started in the exchanges. Price drops drastically. You know the rest.
Can the above scenario happen?