Isn't the whole point of bitcoin permission-less exchange? I've heard people talking about the "benefits regulation will bring." But once they regulate crypto won't it lose an enormous amount of its core utility? A distributed ledger that is forced to implement changes from politicians will never allow free exchange or permission-less transactions. What's the point of it then?
So what is the pro-regulation crowd thinking in 2023? Are they confused or am I the one who is wrong here? I would appreciate any perspectives.
Yes. Bitcoin will loose it's core value if regulated. but you didn't understand one thing that regulating crypto exchanges or companies is not same as regulating Bitcoin. Bitcoin cannot be 100% regulated. so everyone who trying to regulate Bitcoin will end up with nothing at the end of the day.
I also think that pro-regulation crowd who think regulation is important and beneficial have a point. because everyday Crypto industry is getting filled with new type of scammers, with new ideas to steal peoples money. regulation can be really helpful to eliminate some of those scammers.