exactly.
I know people hate Marc Andreesen for saying this but the likely scenario in the long run is enormous mining syndicates around the world being regulated in such a way as to PROTECT the Bitcoin network and discourage monopolies.
Regulated by whom? A centralized authority? Syndicates aka mafias? I can only speak for myself, but I sure wouldn't trust them.
Regulated by each and everyone of the countries where they are based.
Again, understand that I'm not referring to regulation that would allow for coercion of mining syndicates into maliciously using their power but regulation that would limit their hashing growth so as to secure the decentralization of the now global (in this scenario) Bitcoin economy.
You'd have no choice but to trust them.
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You simply can't regulate this market, it's global and anonnymous, you don't know who is mining and where he is.