They actually lose money as well, because they're proving those tokens at below cost price.

It’s all going to Nvidia

More companies with less money is better than a few companies with all the money.

Ultimately distributed power has to be more democratic, and centralized power has to be more fascistic.

That's part of why governments having large distributed bureaucracies each with their own authority and independent ability to intervene is better than say; a single executive office/president controlling everything directly.

Distribution also leads to stability though (making it harder to challenge the status quo), so it's a double edged sword.

those companies arent profitable either and they have same problems in which it costs them more to run their products than they are currently charging people to use it.