It’s not just regulation, the banks are not shaking in their shoes. I don’t think so a second that the banks and govts haven’t been involved from the beginning. That is not to say they have full control and it’s some kind of plan of theirs, but it seems more than likely that some of the bitcoin whales are the same people who run the state and corporations. Some of them may have had a public position on crypto and a very different private position. The exponential jumps in bitcoin were not caused by regular computer geeks, anarchists and mom and pops, nor were the major falls.
Also, I don’t really see how a truly “free market” is possible. A free market means that without a state, whales are “free” to function the same way as as a state would, manipulating markets and controlling the world as they see fit without regard for others. What’s the difference?
Not trying to pick an argument, just raising a point. I enjoyed your post.
I do agree that things are great right now, let Katy Perry talk about crypto, in any case, there is no stopping her. All trends start as something underground and “pure” to some degree and are mixed up and confused for the mainstream in order to be taken advantage of and make more money for people who already have money. Tai Lopez is a perfect example. But at least steemit is introducing a ton of regular people into the mix of those who will profit.
Things might get worse in the future but as of right now we are in a window of Opportunity and tons of people like us are also getting the chance to completely change their situations. It’ll likely become more difficult in the near future so hopefully as many people can benefit as possible, all of us here included.