Imo, government regulations is basically admitting defeat and trying desperately to mitigate a little harm while locking in a lot of it.

A regulator tends to lock the status quo into place, it's almost always incumbent friendly... like banking, casinos, tobacco, etc. Remember that Philip Morris benefits greatly from tobacco regulation.

What "good" would be is wrenching video out of YouTube's Kafkaesque hands.

Have we given up on decentralisation?