[idibidiart]

I think the rate of technological change will force the SEC regulatory system to adopt an RFC process open to the public (bypassing Congress), similar to IETF, and I think Direct Democracy is an inevitable outcome of such disruption.

[rahulrrixe]

That's a really strong statement. RFC structured this way because they needed people to contribute whereas SEC and Congress don't want people involvement.

[idibidiart]

The regulatory process is not scalable relative to the rate of technology driven disruption.

It cannot scale.

It can either fall behind or adapt to change, IMO.