[ChainOfFools]

The tcp/ip protocol didn't have a white paper and accompanying ideological promotion and narrative expressly stating the purpose was to wrest power to create money from sovereign central governmental authorities that had ostensibly abused it, back to regular people in a decentralized manner. And instead resulted in a cartelified cabal of people who go out of their way to be unaccountable by obscuring their identities, which is actually a step down from people who you can at least in theory remove from power or hold accountable through democratic means.

It sure doesn't help that the earliest adopters went on the social media of the time crowing about how they were the new wealthy elite.

[crtified]

The (admittedly slow) progress of regulation represents the 'democratic means' you speak of.