The comparison absolutely holds: the Important People With Money decide.

The cryptobros just want to re-invent an alternate world of finance where they are the wealthy oligarchs.

Yet again, no. The "rich people" decided just as everyone did. If you still want to use the old chain, you can. It's still running.

Most people don't want to though, because it doesn't make sense for them : agreeing with "the rich people" don't make you wrong.