Being totally off of any laws does allow for way more freedom. This is a huge plus. But, a little while ago I was approached about rigging my lottery and splitting the winnings. (apparently they missed the part where it's impossible) I think the most interesting thing they said was:
and it wouldn't technically be so (referring to theft/fraud), because bitcoins don't have a worth recognized by the government so it would be equivalent to scamming someone of some gold in a MMRPG
-only remaining anonymous because I promised before the conversation expecting some type of business deal...
I didn't really think about that till then. The double edge sword of using the argument "it's not recognized by law anyway as currency". Because it's not recognized as currency by law emboldens some to try to steal. Regrettably this wild freedom also has it's cost. Probably more scammers and thieves.
Myself, I'd probably pick total freedom even with this cost. IMHO it's worth it.
edit: I just wish we could still have the freedom but still punish those who do steal
Whoever sent you that message is a moron. I've been involved in gaming in other unregulated places such as Second Life and Avination, and i can tell you this: the lack of regulation does attract dishonest people, however the ones that keep their games honest and provide good service make a lot of money in the long run (so much more that its totally counterproductive to cheat).
Another advantage of noregulation, the honest game owners are able to provide MUCH HIGHER payback-ratio than you'll find on any online casinos (because they don't have to spend annual fees on licensing, and countless amounts of hours auditing). Any regular player will quickly realize if a game is rigged or if it's fair.