It's very well reasoned, I like your article @ayijufridar. You've included what I think are strong points. I'm not sure what else to add. In the end, I think most people in institutions are uncomfortable with volatility, which is the nature of unregulated markets. Regulation is all about stability, hence the requirement to be able to exercise some control on the markets to reduce shocks. However, doing that for a prolonged period of time just hides the risks, when in fact, things are going bad especially for something as large as national currencies. Faked market stability could lead to complacency, because people don't see any problems then. This is why regulated markets could blow up really badly when it happens. Unregulated markets like cryptocurrencies on the other hand, reflects risks and confidence of the people more clearly, which is why it's volatile. There are many kinds of cryptocurrencies, but I think Steem stands out as it's engineered to be a voluntary platform that's free to use, decentralised, secure, and is simply a public content platform with its own currency. Not sure what "collaborative commons" is in Bahasa Indonesia, but it's a term I like to use and it appeals to individuals - afterall, it's what communities are made of.
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Thanks so much @kevinwong. Additional explanations from you can be my argument in the discussion later. I will mention the source from you if you allow.
You are right. Stability and protecting citizens' assets are often the reasons for the financial services authorities to make regulations that have the opposite effect. instead of protecting assets, it actually gives a disservice to the citizens. I think, in any country, the condition is almost the same in view of the existence of cryptocurrency.
The state seems to want to affirm its existence by making regulations, limiting and making restrictions. They don't see the problems from the aspect of the interests of the citizens.
The existence of Steem / it should be examined from various aspects, not just from the legal aspect only. The social aspect should also be studied, as many young people get jobs through Steem. Many young people can hone their skills through Steem. Steemit has helped a lot when the government (eg in Indonesia) cannot do much to reduce unemployment.
Thanks for the addition of your argument, @kevinwong!