In the old system, the people in charge change the rules more or less whenever it suits them.

Isn't Bitcoin only different from this if it has a wide variety of economic actors playing important roles? Bitcoin's rules are hard to change...unless most of the economic activity is taking place in ETFs, treasury companies, stablecoins, and the like. If Bitcoin expands the power of the dollar, it does feel like it risks being captured.

I wonder how much people like Bailey, Mallers, and Saylor think about this.