As long as fiat exists and can be traded for bitcoin then a money printer can back the FPPS pool indefinitely.

I imagine as governments adopt mining they’ll require hashers in their jurisdiction to mine in their FPPS pool where they can control the block template. The allure of a fiat insurance policy will be tempting for all the big players.

Until the block subsidy becomes insignificant and fees become more relevant we’ll have large industrial miners for governments to court.

After that shift though the economics start to favor small, passive mining rigs like space heaters and such and for those people something like DATUM, which gives a better payout long term, will likely dominate.