Does anyone here think the original creator(s) of BitCoin ever forsaw this happening?
If not, how do you think they feel about it?
I, for one, welcome our new miner overlords.
This is the beginning of the end for bitcoins. Those who control the mining control the coins. If you're a big enough fan you'll probably be able to convince yourself that it's still better than normal fiat money, but the average person won't.
Why? Just because mining won't be as effective for the average person doesn't mean that it cannot still be used as a currency.