Smart contracts, DAO and all these emerging decentralized technologies surfacing right now will soon make regulators obsolete because there is no territorial jurisdiction for these technologies. They can operate like when you do a torrent file transfer, all peer to peer obeying the rule of the software that runs them.

That is a great point. They probably don't even know where to start. Not to mention, this technology changes and develops quickly. DEX, DAO, NFT, and it seems we're just getting started.

The fact that they haven't been able to craft any meaningful framework to regulate crypto activity is evidence that the genie is out of the bottle

I think so too. They had plenty of time to try and stop this and they looked the other way. Again, they probably don't even know where to begin. LOL

they are also incompetent at controlling any good or adverse technology from developing in the future.

Lets hope so. I think things develop much more smoothly without their involvement. The sad fact is, we want mass adoption and with that come regulations and government meddling.

Thanks for the awesome comment!

!BEER

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