Re:Yes, Crypto Is All a Scam
by strictlymomo on Tuesday February 07, 2023 @10:26AM
(#34694005)
4 real. The networks regulate themselves to the extent of their protocols’ game theoretic designs, which cover Sybil-resistance and Byzantine-fault-tolerance. The VMs will define some permissions for owning and transferring resources and cryptography for validating transactions.
Beyond the protocol is the arena of application standards and legal jurisdictions, which is the subject of economics.
That's demonstrably untrue—at least, that it's not possible. (I'm perfectly willing to believe it was designed to be unregulatable; it's just that, as usual, programmers echo-chambering at each other about how they think the law works didn't actually take into account how the law really works.)
Crypto is becoming regulated more and more as time goes on.
There's nothing special and magical about it; it was just new, and with the US Congress hopelessly dysfunctional, it was not hard to predict that it would take some time for them to actually catch up and start doing something about it.