You missed the point entirely. Only 0.001% have the economies-of-scale to mine Bitcoin profitably. Sorry your argument fails on the economics of proof-of-work hash functions, unless you can argue there is one that can't be significantly optimized for an ASIC and economies-of-scale for cheaper electricity located next to utility scale hydropower (even free electricity perhaps if you do a handshake and wink in China with a Communist Party official).
Whoa... Hold on! Are you telling us that it is entirely possible, if not extremely likely, that the Chinese Communists are in fact subsidizing PoW mining in an effort to undermine the decentralization of Bitcoin and control the currency in the hopes of applying capital controls to the digital economy through underhanded tactics which will further solidify their hegemony?
I've been hinting at that for months and finally an astute reader articulates it.
If you are wondering who created Bitcoin though, I think more likely the globalist
DEEP STATE funded by the
$trillions Black Budget and knowing full well they could hide their capture of Bitcoin blaming it on the "enemy". Nick Rockefeller (the one
who warned Aaron Russo about 9/11 before it happened) has been spending most of his time in China.