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This is the actual problem, not regulation itself. Regulation should be designed to scale with the size and age of the participating operator (of business or s
by keerthiko 8y ago
This is the actual problem, not regulation itself.
Regulation should be designed to scale with the size and age of the participating operator (of business or service).
Regulations should be about controlling the outsize influence of any individual player/entity in any direction, in addition to restriction malicious activity.
If these were equally important in regulation design, they would be far less harmful for new small players and better manage incumbents.
- CryptoPunk 8y agoRegulation of voluntary market interaction doesn't work because one-size-fits-all solutions don't work. You cannot anticipate all permutations of a class of interactions and preemptively prescribe optimal processes for each one. Doing so will massively inhibit innovation. Free market disruption will do much better to check larger players than easily captured regulatory agencies which are much more likely to become protectors of incumbents in industry and unions than check abusive power. If the government wants to limit abusive corporate power without setting the dangerous precedent of violating private property and contracting rights, it can fund open source development, like the EU recently did with its funding of Proton mail.