>Centralized institutions do provide a safety net, but is there anything necessarily wrong with a group of people saying they don't want or need that? That dep

>Centralized institutions do provide a safety net, but is there anything necessarily wrong with a group of people saying they don't want or need that? That depends on a case by case basis. If the actions of this group of people negatively and significantly affects others who are not part of the it then regulation becomes necessary. As an example if a group uses cryptocurrencies for money laundering, smuggling, or other similar activities then they can't claim they must be left alone because they don't want central control by choice. On the other hand if all people want to do is avoid mega banks, the PayPals etc. then all power to them. That said, it is equally important for people to make sure that the central authority is a representative of society, at large, of their own choosing and not some dictatorial regime, corporation, party, or what have you.