Ethereum

Or are you seriously comparing the Fed to a decentralized protocol with 1,000,000s of members?

For the Fed to change monetary policy tomorrow, how many people need to agree? For Bitcoin to change its monetary policy tomorrow, how many people need to agree?

For you to alter the consensus on Ethereum would require nearly 100M ETH, 66% of all stake, about $300B, which is more than exists so good luck convincing all the others to sell. Beyond that if you're doing such an attack then social consensus will agree to fork the chain without you part of it, and carry on as was before with you $300B poorer in your own a silo-chain.

There is power in numbers... Following your logic it would make better sense to have 1 authority dictate all laws instead of hearing what the masses want. Shit, why do we even vote at all if we can just have 1 Supreme leader do all the work for us?

The only thing 1M people will ever agree on is security, or other things that benefit everyone. You will never see a minority succeed in enriching just themselves in any largely decentralized cryptocurrency. What the Fed does with money is absolutely in the minority basket, extremist in some cases, and often goes against consensus to benefit select minority groups exclusively - the same goes for every centralized system, especially any financial.

Who keeps the Fed accountable? There is no accountability. Who do I call today to lodge a complaint about the Fed reducing rates to 0% during a bull market, against all of the core tenants of basic economics, only because Trump wanted to pump the stock market even higher? (fact)

At least with consensus we all agree to it, we all want this exactly, if anyone is upset after the fact they are the one who made their bed. People who grow out of specific coin's ideologies and find themselves a minority are free to fork the chain to their taste or build on something else that resonates with them more. Because of this we end up with forks, competition, variety, success and failure, all happening at once. So much good research and many realworld breakthroughs have come from this competition. This choice that opens up when everyone does something they want, is very beneficial to consumers who also want those same things over other things..

The Fed seeing some competition, making them strive to do better or less worse, is precisely what the founding fathers would've wanted us to do to them. They would have done the same themselves given the tech - they truly hated banks more than anyone. It is what the US was built on, built for. Are you against capatalism....and for an oligarchy? Really? Lucky for you there are places which precisely serve that ideology - so hey you have the choice to live here or there, and so do I, and that's great, because it makes both places a little better when everyone agrees to a consensus on their way of living...or other things.