Regularly improving regulatory requirements protect the average person on the street from the majority of material risks. Cryptocurrencies have no such protecti

Regularly improving regulatory requirements protect the average person on the street from the majority of material risks. Cryptocurrencies have no such protection. Banking systems were not forced on the world; they evolved to solve real problems, and continue to evolve. It's is unreasonable to dismiss the structure of these institutions without a deeper discussion considering the reasons for complexity and where the industry is headed. I believe that cryptocurrencies may present some improvement in the status quo at some point in the future, but not until there is more regulation (through government and/or through private contracts enforceable by civil law).