He said he wanted people to be rewarded for blocking trolls on social media. That's the excuse governments use to shut down fair criticism, just call them trolls. It sets a dangerous precedent as we've seen with NSA revelations and look what happened to reddit.
Crypto is the wild west and doesn't look very self regulated to me, would be nice if people called out proven scammers but many don't and they continue scamming.
Some regulation stops real slimeballs robbing people blind. I'm not saying I agree with the proposed bitcoin regulations but that's a sweeping statement to make.
OK, I accept your point. But its a very careful line to walk on, and I don't trust people with connections to what is undoubtedly the world's biggest source of problems to guide a very important regulatory process.
By this point self-regulation has proved very fruitful for bitcoin. There's no need to drag the system back to an outdated, destructive way of doing things. This isn't just rhetoric, it is fact- and evidence-based history.
The banking system and basically 10 third parties having to get a cut in order for you to exist is an unsustainable way of doing things, thusly bitcoin and cryptocurrency was necessitated.
And Andreas wasn't asking for the government to enact regulation on his behalf. He was talking about implementing a coin with "Proof of Blocking" or whatever method of distribution he was using as an example, which you can take it or leave it.
If world governments begin to enact regulation with regards to bitcoin, you can bet there will be developers on top of the issue finding ways to skirt the regulation on Day 1. There already are. This is because regulation is the antithesis of cryptocurrency.
