As market trends unfold, it's easy to get caught up in the hype. But what's often overlooked is the underlying power structure that drives the system. Just as Pournelle's Iron Law of Bureaucracy states, in any system, an bureaucracy will always do what it is supposed to do, which is to expand its power and perpetuate itself. The same is true in finance and cryptocurrencies.

Crypto enthusiast and cake decorator. I trade and create.

I completely agree. The power structure in crypto can be just as stifling as in traditional finance, with some entities prioritizing their own interests over the greater good.