[qqii]

As a counter to being a pyramid scheme, we've seen the 4 year moving average price of bitcoin continue to trend upwards. That's more than 10 years and the price hasn't collapsed.

Bitcoin governance is performed through mining pools signaling their opinion on proposals, we saw this with segwit and larger block sizes. As a relevant example Ethereum currently is going through a proposal and one pool has been vocal in being against it, another vocally for it. As a result miners have moved their hashrate accordingly. At these kind of scales I don't see how it's that much different form government. The rules are different, the norms are different but governance exists.

[MrMan]

"Bitcoin governance is performed through mining pools signaling their opinion on proposals"

yes this is a regression from representative government - a corporate cartel controlling monetary policy

[tenuousemphasis]

Mining pools do not control monetary policy - that is fixed as part of the consensus protocol. If miners tried to change it, their blocks would get rejected and they wouldn't be able to sell their coins to anyone who disagreed with their change.