The experience of a brand new tech industry is not indicative of its future. As mentioned, the internet matured, and became safer, on its own, without regulatio

The experience of a brand new tech industry is not indicative of its future. As mentioned, the internet matured, and became safer, on its own, without regulations. Regulatory prohibitions would have destroyed everything good about the internet. The Great Depression was caused by the Federal Reserve, not free markets. The current system, in place since 1973, has overseen an increase in the banking sector's share of total corporate profits to 42%, while the Middle Class has been left behind, and the industrial core has been hollowed out. There have never been as many regulatory bans, centralized regulatory agencies, and leeway for the central bank to manipulate the money supply, as there have been over the 42 years. I'd be interested to know why you don't blame the current state of the economy on the anti-free-market system, the way you pin 1929 on free markets. >And where did that comment about banning bitcoin come from? I got the impression that you were endorsing the prevailing political ideology that favors regulatory control over industries. Regulations are a type of ban in function, if not in popular wisdom. They ban action A, if conditions X, Y, and Z aren't met. We now have thousands of such bans, limiting our actions. It makes for an unfree society. It's naive to think that government bureaucrats will not do more harm than good when given the ideological cover to prohibit nearly any activity.