It is more equitable then pre-issue of coins in ICO. There was no pre-issue, and anybody can mine bitcoins. It takes tremendous foresight on the part of those who held through over 10x gain bull and over 80% drawdown bear markets. Besides we are still early. There are more dollar millionaires in world than the number of bitcoins.
Unlike Central Bankers, miners cannot change the monetary policy of Bitcoin. As I mentioned in my previous post, the ownership of bitcoin is guaranteed by mathematics, and no amount of brute force can change it. That is to say, miners cannot reverse or make invalid transactions, as those transactions will be verified by node before adding it to the blockchain. The only thing miners can do is to censure some transaction, and possibly prevent the adoption some network improvements. That will require a united effort from all miners and we haven’t had any such issue till now.
Clearly you haven’t tried lightning.
I assume the alternative you are suggesting is proof of stake. Proof of stake is an old idea, that proceeded proof of work which was introduced by Nakamoto in his 2008 paper. In proof of stake, security of past transactions does not increase as more transactions are added to its chain. This may give the validators power over censuring any past transaction. That is not something possible in proof of work, you can only censure future transaction through united efforts of miners.
That is certainly not true. I am myself a dev trying to contribute my best to bitcoin infrastructure in my free time, and I can attest that there is lot of good work being carried out in Bitcoin. Some are working on base layer, implementing decentralized exchange (Bisq), or better wallets (Bluewallet, Samourai), or one step solution to running on your own node (Umbrel),or payment processor (BTCpay). A lot of work is also being done to develop layer 2 (lightning, sidechains) applications, which would enable Bitcoin to scale.