Would it be fair enough to assume that the project has failed, or failing?
90% of Bitcoin being held by an oligarchy of the elite, a cartel of banks, and by governments working together might turn Bitcoin into their "playground".
The banksters and the governments will have to spend 180 billions US dollars, in order to purchase 90% of all bitcoins.Do you think that they will ever spend that amount?It would be way cheaper for them to just ban bitcoin,instead of buying it.If they ever decide to buy such large amount,the bitcoin price might skyrocket to the moon in just 1 hour.What if the bitcoin sellers refuse to sell?