Timothy May: ”We don’t want regulations”

Timothy May, former senior scientist at Intel and cryptography expert, author of “The Crypto Anarchist Manifesto” (1992), interviewed by CoinDesk in October 2018:

There is not much of interest to many of us if cryptocurrencies just become Yet Another PayPal, just another bank transfer system. What’s exciting is the bypassing of gatekeepers, of exorbitant fee collectors, of middlemen who decide whether Wikileaks — to pick a timely example — can have donations reach it. And to allow people to send money abroad.

Attempts to be “regulatory-friendly” will likely kill the main uses for cryptocurrencies, which are NOT just “another form of PayPal or Visa.”

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