They are going to clone all the innovative alts and make sidechains based on them. The monopoly power of bitcoin will be used to push adoption of these clones and destroy the originals. So they will not only be stealing innovation and destroying equity, their plan will also have a chilling effect on future innovation in this space. Why would a brilliant person develop a new coin only to have it stolen by the monopoly? A sane alternative would be the blocknet, where everyone is free to innovate and compete, but try telling that to bitcoiners.