> now you've created some amorphous group of oligarchs Only to the extent that the coin is premined or that the emission is heavily concentrated on the first f

> now you've created some amorphous group of oligarchs Only to the extent that the coin is premined or that the emission is heavily concentrated on the first few years. This should be much less of a problem with a purely linear emission (never changing block reward), that takes a century to get yearly supply inflation to under 1%.