Once Coinbase options become liquid the financial risk reward of attacking the Bitcoin network will increase exponentially
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Assume you mean bitmain? Even if they wanted it would require them to exclusively devote 100% capacity to a single buyer for more than a year, just ramping up the evil mine alone would attract industrywide attention. Think about this from a mine operations POV, it's not doable
Global hashrate right now is ~170M TH/s, even with best in class asics you're talking about a purchase order of nearly 1.5M chips from one buyer. A whale like that would be quickly noticed, and even if you got the chips you'd also have to build a huge datacenter to run it all
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right, but even if it were "noticed" the rational behavior would be to immediately sell your bitcoin holdings and diversify ...
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I'm not so sure... even if a bad actor were to buy that many chips, they would also have to match the number of asics being added to honest nodes on the network. You'd have to match all existing + all newly added hashing capacity during the whole time you were scaling up
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