How do you guys think? Do we need regulations in the crypto world? Should only ICO be regulated or legit coins (not "security tokens") too? Can we implement regulations mechanisms in code so that corrupted governmental institutions couldn't manipulate the industry? Can we still have free market with governments' regulations across the world?
Please, share your thoughts. I'm a bit confused about what's happening right now.
For the government to accept the existence of Crypto, I think we should follow this regulation thingy. For the world to adapt on BTC, Alts and ICO's we need to follow the governments move.
Why shouldn't governments adapt? I guess that's what they are supposed to do in the first place - adapt to new realities as they appear and help helpless members of society to adapt. And their first rule should be "Do no harm". With bitcoin, blockchain and consensus mechanisms we don't need governments' and especially banks anymore. Any interference will break "the first rule".