You need to study some history. Modern financial regulation, at least in the USA, was born as a result of the GREAT DEPRESSION.
Well, we crypto holders will never have to worry about THAT problem, thank fuck. No banksters to mess our shit up. And that's why regulation makes NO sense for crypto.
Crypto doesn't have centralization and the corruption that always brings, so it does not need regulation. It's self-regulating, like an organic entity.
I could've sworn the great depression occurred in America because they were "regulating the dollar" i.e. manipulating the supply, which caused first a fake boom, and then a massive bust called the great depression, which was not the first depression, merely the most notable.
It still does not answer the core question, as I'm presented with the following: regulation caused the great depression, therefore--and this is where the dissonance begins--they tried to solve the problem of regulation with regulation, and to solve that regulation, on and on., until we've come full circle and are experiencing yet another recession caused from artificial booms and busts. Regulation is not helping anywhere, and the problems regulation is causing is answered with "We need more regulation!" Why, then, do people opt for a tactic which has historically failed in every long-term scenario? Certainly, regulation may appear to fix the problem in the meantime, like chewing gum is used to seal a crack, but there must be a reason why people choose the quick fix, choose to kick the can down the road, than to actually solve the underlying problem.
And it would be one thing if people acknowledged even this; it's another when people believe the only tried and true solution is regulation, as if there's no other way it could work.
