I think the normal trajectory of such things is that first people do "brain up", but then after some time someone says, this is a jungle, we want, nay NEED less danger.
Then someone comes up with a walled garden version of the thing, with assurances and so on, and it catches on, and becomes what the masses use to avoid being taken to the cleaners.
Then over time this new system evolves to not only take care of security/guarantees for a cost, but also to have all the characteristics of a modern bank. I.e. the new thing you make,
it may eventually change character slowly into what you are trying to replace. At least I have seen no guarantee that this does not happen. Before that though, it can be nice I suppose
4 well-composed thoughts - yes, you are correct. A cycle resembling the eternal sword-vs-shield game. Isaac Asimov posed an interesting solution to that in his Foundation Trilogy.
Hari Seldon tried to solve the interminable problem of power decadence by creating two Foundations. One was known and visible. The 2nd was a mythical threat to keep the 1st honest.
His 2nd Foundation was both mythical and actual. The myth was a form of what is now called "predictive programming". The actuality was a crude approximation of WEF. Technocrat meddlers
Upon reflection, a current interpretation is that various religious myths have for centuries been "predictive programming" (until Hollywood) devised by "Illuminati" actualizers.
I suppose I was too young to think such thoughts when I read those books. But I recently read some of the first Dune stuff. There Bene Gesserit does such things, spelled out.
Makes you wonder indeed. Christianity, a religion started by a Jew, has scripture saying Jews are better than them for example, and it made Jews' oppressors (romans) less aggressive.
Sword-vs-Shield: The term has vanished into history. It describes the eternally circular competition of improving weapons to defeat armour and improving armour to survive weapons.