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I think the argument is: (1) in both traditional finance and crypto, a relatively small group of big players control the rules of the game (2) in traditional

I think the argument is: (1) in both traditional finance and crypto, a relatively small group of big players control the rules of the game (2) in traditional finance, there are established ways for small players (Eg consumers) to appeal to big players (eg retail bank) to make exceptions and provide redress (3) in crypto, there are not yet established pathways for small players to petition big players for redress in this way.

colordrops 4y ago
This makes a false equivalency. Petition in traditional finance is with regards to individual transactions. In crypto, petition would be how the protocol works. The equivalent in traditional finance would be the credit card EULA, rules and conditions. Small players definitely have no redress here.