I agree with Udi. But we are talking about today. The probability that even a one-day reorg would be accepted is near zero based on all we know, and for 4-5 days it's definitely zero.https://twitter.com/hasufl/status/1169972336457637888?s=20 …
-
I think the idea is that once you allow yourself to entertain the idea of social recovery after a 51% attack, you immediately invite the barbarians at the gate to come in and turn your cryptocurrency into a government controlled inflation fest, you thus make the system less safe.
In practice I think you're right that some form of community governance will happen in that situation if the situation is catastrophic and a large enough percentage of the community is affected.
It opens up a huge variety of possible attacks, that is only one out of a vast universe of bad things that could happen. Also it destroys the competitive advantage of cryptocurrency since bankers can do financial governance far better than anybody in the crypto space.
