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.”
Timothy May: ”We don’t want regulations”
October 19, 2018