[andirk]

It is not a stock with "no regulations". Coinbase does KYC according to regulations.

Cryptocurrency doesn't make lending money less risk averse. Rather, it doesn't use the financial institutions that caused the entire economy to collapse in 2008 with little punishment for those who allowed it. That said, smart contracts in crypto are attempting to make agreements between parties regulated, but by the code, not a shitty institution who is allowed to steal from you without repercussion.

If you don't like the idea of crypto, consider all of the things you don't like about banks. If you like the US's Federal Reserve style, then we see things differently.