> The recurrent crises in the banking sector show that regulation is, frankly, quite useless.
Car accident related deaths show that seat belts are, frankly, quite useless.
Car accident related deaths show that seat belts are, frankly, quite useless.
What's happening, however is that, since the Patriot act, financial freedoms and the right to privacy became a meme. The state and the banking sector has more and more to say about how you spend your money and earn it. Fact is that a totalitarian regime would have to vote very few laws to enforce itself.
Crypto is a backstop against this.