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Re:NFTs Are a Pyramid Scheme and People Are Already Losing M... by simonebrunozzi on Sunday March 21, 2021 @10:16AM (#26530624)
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

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