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".
i dont think so, look at the confiscated bitcoin in the mt. gox echange it wat sold or bid by the FBI to the public, though were not sure who bought it cause they dont disclose that information, it could be some rich individual or the government itself haha, i mean who knows, your point is likely possible though.