Ethical considerations: The inability to censor or remove illegal or harmful content raises ethical questions about responsibility and accountability.
Potential for self-regulation: The community governance model of many blockchain projects could lead to forms of self-regulation to address societal concerns.
This regulatory ambiguity is a double-edged sword. While it can protect freedom of expression and resist censorship, it also poses challenges in combating illegal activities or protecting individual rights. The balance between decentralization and regulation remains an ongoing debate in the blockchain space.