You're basically buying shares of a company. They own the whole thing, there is no room for competition in SV. It's a corporate owned and operated chain.
Amaury-Bitmain Coin is massively centralized. 3 updates in 1 week. No discussions.
if miners stayed on the chain for security and not only transiently to win a hash war, that would build the most confidence. Jihan should supply that mental security to his devs