I fear anything in the hands of the politicians and bureaucrats.
It will be interesting to see how all this unfolds. It is the techies versus the "elite"; decentralization versus centralization.
We know that open source software can spread like wildfire which gives a big advantage to the development community.
Much of the DeFi craze came from the fact that many of the apps were open sourced and just ended up being forked.
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Oh yeah! Techies vs The Elite vs some sort of underground bugs with long nails too.