I didn't get this part:

> I got the impression that the theory was that the power was the individual. But in practise it's 65% Chinese miners?

Are Chinese miners not individuals? China has the largest population, so it's only natural that it will also have the largest fraction of miners.

The ones mining are corporations, not individuals.

A lot of people seem to have a short memory: https://en.m.wikipedia.org/wiki/GHash.io

The control that miners exert is much less than governments have over fiat. Miners only control transaction inclusion and ordering, but can't uniliterally change the emission rate. Governments on the other hand can do all of that.

Miners can change the proof. Governments can't do that

>Miners can change the proof

what?

51% attack... They could change confirmations or be forced by the government.

Governments can't do that with transactions through banks.