Who will own all the coins in the end?
Who can buy all the miners right now?
Who can buy all the coins right now?
The central bankers.
If and when bitcoin replaces fiat. The guys with the most miners at that time will always stay on top.
You want to make something better than fiat and bitcoin that will replace both of them?
Create a coin everyone mints at the same rate.
I hope you know very well that Bitcoin can never be used in replacement of conventional currencies right? That’s not going to be happening, nobody owns and there is no way that they can share it, so the best they are trying to do is regulate it and if they can’t regulate it they will ban it. It’s as simple as that, and there is nothing much they can do about it. Unless you’re going to say that they will create their own cryptocurrencies.
But, let’s say that they somehow manage to buy all the mines around the world and wants to be mining it themselves, people can still decide to leave the Bitcoin and go for other cryptocurrencies, there are so many of them that we have in the market, more than a thousand.