alt Hacker News> simply amended as soon as such a standard emerges
That statement just makes no sense. How can a new standard emerge when legally there is no option to validate its actually superior in the market?
> figures out something better
That’s not how it works. Most innovation does not occur in committees but through trial and error.
Same as before? A group like Intel, Microsoft and a few more create a new standard and can get the eu to adopt it. Which popular cabling standard wasn't designed by one of the big ones?