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.
The entire situation is more about what government is thinking and not what we are thinking. We surely do not want regulation and we do not want to pay taxes. But the government would definitely want complete surveillance. Without regulation surveillance would not be possible and if we want to use cryptocurrency as a method of payment, that won't be possible either.
So regulation or no regulation, both have their own downsides and positive sides. But as a common people we do not control anything here. Unfortunately that is true!