It's called "Lassez-faire" [0], from French "let do".

Take a look at the "criticism" section of the linked wikipedia source.

Besides that: I think that some form of laws and regulation is necessary to prevent bad actors from taking advantage of people.

In that sense, I strongly disagree with your approach.

[0]: https://en.wikipedia.org/wiki/Laissez-faire

> I hate this idea of people telling other people what to do or what’s good for them.

What if that's what I want to do?

This was my advice to someone: don't expect any returns. Do it as a fun experiment, not an investment

People piss away plenty going to casinos or clubs or amusement parks. So buy in with your for-fun budget, not your savings. Quit when it stops being fun

Just as we ban or should ban completely rigged televised gambling games, we should ban pyramid schemes such as bitcoin. It's not because people like the rush and addiction of gambling that we should just leave it be. People are being taken advantage of and doing nothing about it is immoral.

To advance as a human species, there needs to be an environment of equal opportunities (not equal outcomes) where everyone can lead a fruitful and satisfying life, devoid of pyramid schemes preying on the hopes of someday making it. In that sense, cryptocurrencies are not helping but exacerbating the problem.

Ain't that the bitch of freedom?

You have to put up with what other people do with it.

Except they're shitting on our planet in the process!