Great example of why Bitcoin shines as a store of value: unlike real estate, stocks, or money in banks, governments can't effectively seize it at scale.
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Miners don't rule Bitcoin. If miners don't do their job well (i.e. create blocks that comply with the rules enforced by full nodes), then they spend a lot of money on electricity and won't get paid.
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You're describing the situation for an individual miner. An actor with 71% of the hashpower could easily create blocks with arbitrary transactions (moving BTC to addresses they control) and generate PoW far faster than the 29% not going along. The only recourse would be a fork.
End of conversation
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