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by acdha 959 days ago
I’d say “better regulation” rather than “less” - things like fraud and money laundering are important to fight (consider how bad ransomware would be if the attackers didn’t have to convince their victims to make a cryptocurrency transaction first) but we sacrificed due process to get there. It shouldn’t be impossible to have better regulations but the national security ratchet effect is pretty strong, as I’m reminded every time the TSA scrutinizes my sandals.
1 comments

You assume that the point of regulation is the stated one. I do not think this is a valid assumption. Regulatory capture has occurred consistently throughout US history as has bribery, collusion, and monopoly building (with explicit government support). What makes you believe that regulation would then be helpful in some area when it hasn’t elsewhere?