It's especially troubling how centralized the minting and mining has become. And it's easy to forget there's the problem with energy consumption related to the PoW algorithm eating almost 1% of the entire world's energy simply for an accounting database.

The major reason you don't see payment processors dealing with cryptocurrencies is because the major usecase for most cryptocurrencies like Bitcoin, Monereo, and Ethereum is money laundering.

  One important point: if we actually include all 7 billion 
  people on the earth, most of whom have zero BTC or 
  Ethereum, the Gini coefficient is essentially 0.99+. And  
  if we just include all balances, we include many dust 
  balances which would again put the Gini coefficient at 
  0.99+. Thus, we need some kind of threshold here. The 
  imperfect threshold we picked was the Gini coefficient 
  among accounts with ≥185 BTC per address, and ≥2477 ETH 
  per address. So this is the distribution of ownership 
  among the Bitcoin and Ethereum rich with $500k as of July 
  2017.


  In what kind of situation would a thresholded metric like 
  this be interesting? Perhaps in a scenario similar to the 
  ongoing IRS Coinbase issue, where the IRS is seeking 
  information on all holders with balances >$20,000. 
  Conceptualized in terms of an attack, a high Gini 
  coefficient would mean that a government would only need 
  to round up a few large holders in order to acquire a 
  large percentage of outstanding cryptocurrency — and with 
  it the ability to tank the price.

  With that said, two points. First, while one would not 
  want a Gini coefficient of exactly 1.0 for BTC or ETH (as 
  then only one person would have all of the digital 
  currency, and no one would have an incentive to help boost 
  the network), in practice it appears that a very high 
  level of wealth centralization is still compatible with 
  the operation of a decentralized protocol. Second, as we 
  show below, we think the Nakamoto coefficient is a better 
  metric than the Gini coefficient for measuring holder 
  concentration in particular as it obviates the issue of 
  arbitrarily choosing a threshold.


  ...However, the maximum Gini coefficient has one obvious 
  issue: while a high value tracks with our intuitive notion 
  of a “more centralized” system, the fact that each Gini 
  coefficient is restricted to a 0–1 scale means that it 
  does not directly measure the number of individuals or 
  entities required to compromise a system.


  Specifically, for a given blockchain suppose you have a 
  subsystem of exchanges with 1000 actors with a Gini 
  coefficient of 0.8, and another subsystem of 10 miners 
  with a Gini coefficient of 0.7. It may turn out that 
  compromising only 3 miners rather than 57 exchanges may be 
  sufficient to compromise this system, which would mean the 
  maximum Gini coefficient would have pointed to exchanges 
  rather than miners as the decentralization bottleneck.


  Conversely, if one considers “number of distinct countries 
  with substantial mining capacity” an essential subsystem, 
  then the minimum Nakamoto coefficient for Bitcoin would 
  again be 1, as the compromise of China (in the sense of a 
  Chinese government crackdown on mining) would result in 
  >51% of mining being compromised.
  
  - Balaji S. Srinivasan (the CTO of Coinbase) 

https://news.earn.com/quantifying-decentralization-e39db233c...