>>This idea that a central entity can’t regulate cryptocurrencies is pushed around by crypto enthusiasts. However, governments are trying to bring regulations i

>>This idea that a central entity can’t regulate cryptocurrencies is pushed around by crypto enthusiasts. However, governments are trying to bring regulations into cryptocurrencies and stable coins. > Literally nobody claimed they were going to control the actions of governments and force them to not regulate crypto. Where did this idea come from? The claim is that they would be effective despite attempted control by governments (see Monero) Are you interpreting the statement differently from how I do? It's absolutely they case that cryptocurrency enthusiasts often use "take control away from government" and "code is law" (implying law is not law, or at least not law that overrules code). Your reply here seems to be imply that you read it as a claim that cryptocurrencies would blackmail and bully governments to do their bidding. If so then I don't see how you get there from that quote. But then you seem to be saying that indeed regulation is ineffective. Which is the point of what you quoted to begin with.