Your problem is thinking that the issue with crypto is primarily technological. It is not, it's mostly social.
Same reason why you don't see people arguing about the technical details of the slot machine in gambling regulation. However innovative the mechanism is, the ill is social and that's how it should be regulated. Or similarly, the regulation around alcohol are centered around limiting the social ills (like drunk drivers plowing into unsuspecting people). I am perfectly happy with crypto getting a similar regulation, with Coinbase getting similar terms, disclosure requirements, and responsibilities as the sports betting sites. What I am not ok with is Coinbase shilling tokens as "finance of the future" when it's really just the dumping ground of the latest of Anderssen Horowitzs' scam coins.
Very fair point. I guess the part of me that keeps wanting folks to consider is sort of analogous to perhaps guns or other kinds of weapons.
My strong belief is that SOMEONE is absolutely going to be using this stuff. It's going to be a thing, a big and very influential thing. Might as well get ahead of it and understand it and possibly use it for good?
Same reason why you don't see people arguing about the technical details of the slot machine in gambling regulation. However innovative the mechanism is, the ill is social and that's how it should be regulated. Or similarly, the regulation around alcohol are centered around limiting the social ills (like drunk drivers plowing into unsuspecting people). I am perfectly happy with crypto getting a similar regulation, with Coinbase getting similar terms, disclosure requirements, and responsibilities as the sports betting sites. What I am not ok with is Coinbase shilling tokens as "finance of the future" when it's really just the dumping ground of the latest of Anderssen Horowitzs' scam coins.