Protection from the negative market consequences…

Protection from the negative market consequences of a reorg.

Let's say btc is 1T market cap. And has 1M in fees per day.

That means a security factor of 1 million.

If a bad guy was able to get all the hash, and do a reorg, they could bet on it having a negative impact on the market. Then profit when the market moves as a %. It would only have to move a small % to cover the costs.

Though this would be very hard to pull off. And potentially high consequences (its a crime). The higher the security factor gap the more incentive to do it.

That said bitcoin will have to get used to reorgs and how to mitigate them, so it might end up being a non event.