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But is crypto supposed to be this way? A business?

A corporation? I think thats the question.

Imo the ethos of crypto has always been to empower people who are getting screwed over by banks, governments, beuracracies, private companies etc. And crypto going corporate is kind of the anthesis of that

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That particular ethos of crypto is a bit nieve imo

At the moment it is more elitist than tradfi. A bunch of whales with no real world experience running nodes and manipulating price. The whole point of having an elected government, regulation and police forces etc is because people don't self regulate. Bankman-fried and the Luna guy being cases in point. This romantic idea of people running their own currencies doesn't work in reality.

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