I asked how you figure Bitcoin rebalances power when it specifically encourages whales to hoard.
That was a genuine question, it wasn’t me closing down and being stubborn.
Discussion
OK. I disagree with several of your assertions, and I think those need to be addressed if we are to continue discussing this. You say:
1. Superpowers already own most of the bitcoin.
Unless you have access to some highly sought information, this is only speculation.
2. Bitcoin discourages spending
This is a misleading characterization of the economic incentives of bitcoin.
Bitcoin provides an accurate financial tool to measure the productive output of humanity on a global scale. This same kind of measurement is not possible with any other financial tool due to interest rate manipulation, currency exchange rates, and inflation.
With its fixed supply, the cost of all other goods and services will fall against bitcoin as humanity continually becomes more efficient and productive. And the accurate measurement of productivity will provide accurate signals to guide sound investment and discourage unsound investment.
You conflate hoarding with sound investing. People will spend bitcoin as soon as the perceived value of goods or services matches the price for goods and services. This means that goods and services must become much better and much cheaper before they will be worth spending bitcoin on. As soon as the market demand matches market price, "hoarding" will suddenly change to spending and sound investment based on accurate and trustworthy financial signals.