BTC is almost worse - it depends on the whims of a totally unaccountable and often drama-filled group of developers who make decisions (or don't, in the case of the block size debacle) that impact the product as a whole. And if not them, the large mining cartels.

At least the fed has the bureaucracy and some manner of legal system keeping them in check!

Don't say "forks" either - we may or may not be at the point of maximum entrenchment yet, but requiring literally every BTC user in the world to update their software for their money to work is unrealistic.

I'm quickly coming to the conclusion that bitcoin is about as perfect a medium of exchange as you will ever get (immune to censorship, immune to legislation), but is comparatively awful as a store of value.