Since this thread is opened in Economy board, I assume the main idea behind this title is that bitcoin should be regulated, right? But bitcoin is finance and submarine is a different case.
I have a feeling that on this forum there's a very common opinion that all regulations are bad, and if society gets rid of them and the government, everyone will get rich and the economy will be booming.
You are right, that's a very common opinion on this forum because it's easy to talk without any experience.
As for Bitcoin, it itself is impossible to regulate, and I don't think there has ever been any attempts to do so by pressuring devs, miners and full node operators. But Bitcoin ecosystem absolutely should be regulated, exchanges need to prove solvency; hyips, cloud mining and other scams need to be prosecuted; mining needs to be regulated to not cause disruptions to energy grid and to not contribute to environment pollution.
The problem is, Bitcoin's main purpose is to get 3rd parties and why are we not only integrating 3rd parties but also going to regulate it? I mean, we are destroying its main idea by doing that. We are even destroying its idea when we implement Coinbase ecommerce instead of BTCPayserver.
I think people shouldn't be stupid enough to invest in HYIPs, in cloud minings and in other scam projects. It doesn't need regulations, it needs education. And bitcoin mining isn't damaging our eco-system.