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.
Spoiler: NETWORK FEE is fancy words for ENFORCED TAX.
Dipshits. You`re all idiots. Enjoy your slavery.
The bitcoin has came long way and the prices have reached so high at $55k that its impossible now to make bitcoin centralized currency.With Tesla $1.5 billion investment they just got a tiny share of the total supply of bitcoin of 21 million.With increased prices chances became less to own more supply of bitcoin.The banks will not spend billion of dollars into bitcoin just to make it centralized because it wont work.So in the turn bitcoin became decentralized in nature as rich individuals cannot hold the major share in the market.The banks also charge various fees from customers in the form of interest and same is the case with the miners.They need to be paid for validating transactions and keeping system secure which is much less than other sources.Can you transfer millions to other account with nominal fees of $5-$10 through central banks without any documentation? But its possible with the help of bitcoin.So we need to appreciate its feature rather than criticizing its usage and if you don't like it shift to other traditional methods of payments and leave the market freely.