Apologies for the confusion, my previous comment was not directed at you @usrn, but at downvoters not participating in this dialog.

You may be correct that the topic is a bit of a dead horse. In my own experience, I find regulation is both an unpopular and controversial topic on HN. I suspect this is why it has been a frustratingly difficult topic to solicit substantial counterpoints on. Your thoughts, while different than my own, are very much welcome.