WHY REGULATORS ARE SLOWING ADOPTION BUT SHOULDN’T
How much regulation do people need to live peacefully and productively? When do rules and restrictions overstep their bounds, interfering instead of enabling people?
These are two parts of one big question, debated through the ages by some of history’s greatest philosophers. They assume that most people are good—a reasonable premise in my mind, but in need of some correction, a rulebook or codification to rein in our lesser impulses and give us clarity. And this applies to all endeavors, including monetary systems, even Bitcoin.
We may not like rules, but we need a few of them.
“If men were angels, ...
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