[allie1]

It might not be a pertinent example for btc, it was just used as an example.

The US did something similar with gold - https://en.m.wikipedia.org/wiki/Gold_Reserve_Act#:~:text=The....

The main point is, the govt has a mandate to take actions that benefit the whole, even at the cost of individuals.

Yes it will make mistakes, and yes it sometimes will be corrupt and abuse that mandate, but in those cases the country can appoint a different group of people to try and fix things, that’s its only option that addresses the problem and is not “benefiting the individual and harming the whole”.

[labawi]

Sometimes a foreign force will overthrow your elected government, because they want your oil, appoint a dictator instead and provide him with support in exchange for military interest. After decades, he is ousted, foreign relations are understandably sour and your neighbor decides to invade, so the powers provide support lest he be defeated and you are pronounced a country non-grata.

More to the point, it shouldn't be the or a country that appoints leaders. They should be appointed by the people, but for various reasons it has a rather poor success rate.