Well a certain amount of regulations and procedures is a good thing, it ensures that project and our investments have some kinda a guarantee that they will offer the value for our money.
I agree! The community will be the deciding factor for the future of the project. Some regulations and procedures will make the community more trustworthy about the project. Community support will increase the value of the currency.
If the community is smart enough to regulate all that stuff so that's ok. Otherwise, it can be like isolated system not in demand among other people not within.