> developers control the cryptocurrency issuance because despite the issuance is (usually) determined algorithmically, developers have the power to change these algorithms...If we compare this system with the US dollar system governed by the Federal Reserve, the Supreme Court of the US, the Congress, and the US government (in different ways), I’d say that the blockchain developers are at least as likely to become corrupt, coerced, or influenced by the system beneficiaries than the Fed and the Government officers and judges because the latter are 1) older on average, and more senior people tend to act more independently; 2) much better protected, physically and financially.

Don't miners and nodes then have to adopt those algorithmic changes though? It's essentially voting by adoption - if a majority of miners/nodes don't adopt a set of changes (e.g. increasing the supply cap or rate), then they aren't propagated to the blockchain.

This seems a lot more decentralized than the US/Fed monetary system that the article compares it to, where citizens have effectively zero influence on policy.