One approach in the crypto world is decentralization and openness.
This is intended to free plants from the power monopoly of an institution.
But the events surrounding stablecoins show that they are subject to the normal rules of markets.
Since no participant can cut off an extra piece of the pie in markets that are not bequeathed, everyone is striving to monopolize the market as best they can.
Democracy thrives on participation, and if it's possible to buy votes, decentralization won't go very far in the long run.
Relying on coin holders to focus more on the long-term benefit of the system than short-term profit is a weakness of the system that is difficult to fix.
Ultimately, permanent decentralization requires a powerful control institution – a contradiction in terms.
Because the larger and more anonymous the circle of those affected, the more ruthlessly they use a system for their own benefit.
Crypto users should not be fooled about the consequences.
The bribery competition offers advantages in the short term, but in the longer term they must give them to the issuer of a "winning" coin.