We wear short short pants . <| sep |> Baked in the cake when you elect the republicans , but it ' s better than electing corruption . <| sep |> Nobody decides ! This is the power of a decentralized system . You can argue that maybe we should steer Bitcoin now and make policies , because we are still far from the point where a fee market is ultimately required . But the risk is that Bitcoin keeps permanently under political control e . g . , miners set the rules , or full nodes are so expensive that you need a datacenter to run one . Remember that The Bitcoin Foundation stopped being relevant because it became economically asphyxiated , not because they reached the conclusion that the best for Bitcoin was to dissolve . Finally , the market can tell how valuable Bitcoin is , but it cannot properly make decisions . In particular , I do not see how could Bitcoin collapse and another cryptocurrency overtake its position If Bitcoin collapses it would become clear that magic internet monies cannot safely store any value and the whole cryptocurrency idea is doomed . I think that people would simply go back to centralized stuff like Ripple , Ven and Linden dollars .