a nightmare for everybody else.
How?
The purpose of the coin is to be used as a currency. Explain your nightmare situation or how this proposal interferes with the purpose of this coin.
When a handful of people hold double digit % of the total coin supply then this is a HUGE problem(and they do!)!
now they are the only ones creating dark shutting out everyone else, kinda like you know the IMF and big banks?
not to mention the miners add another layer of security to the network