Well, I can see how you would like that "explanation." But, of course, the rules were promulgated by someone, so there are rulers; you just can't identify them.

Money is more than what crypto does, so the rules regarding money must go beyond what the rules of crypto do. We tried "free banking" until Mr. Morgan got tired of bailing out the "decentralized" banks.

IMO, Crypto is not inherently about decentralization; it's about an algorithmic substitute for trust. Decentralization is the sizzle, but verifiability is the steak. If the blockchain is a better auditing mousetrap, it will supplant the current version, but banking will still be centralized and the dominant cryptocurrency will be a digital national fiat.

Meanwhile, the reported Colonial Pipeline ransom is up to $90 million. I don't see how Bitcoin (or any other untraceable crypto) survives the resulting political assault.