Though crypto networks are often compared to private firms, a better analogy is to compare them to cities.

Like a city, a crypto network is a community of loosely affiliated individuals who agree on a set of rules for how they live and work - laws for cities, protocols for crypto networks.

Unlike firms, cities and crypto networks are organized from the bottom up rather than the top down.

Individual leaders matter more for firms than cities. Who the CEO of a firm is plays a major role in an investment decision, whereas who the mayor of a city is plays little role in a person's choice to move there. Many bitcoin investors can not name a single core developer, but that plays little role in the investment decision.