Yes we need some rules, but just like bitcoin we need a way to have rules that benefit the masses, but cannot be changed to benefit the minority. Without that they will always be a honey pot for abuse.
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Even with all the rules now we still have the ‘heavyweights bullying the featherweights’, in fact you might say it’s worse now because the ‘heavyweights’ are the ones making the rules for the ‘featherweights’
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I mean, you can disagree all you want, but you ought to read some history books or documental about how was the world between the beginning of the industrial revolution to 1933.
You can criticize the current state of the regulatory bodies, I do hate Gensler at the helm of the SEC, however you shouldn’t forget how and when the vast majority of the regulations came into existence.
That argument feels like this:
Even if this heavyweight is restrained, he is beating me to a pulp. Therefore, let’s remove all restraints
Which is nuts lol
Ok, I am all for a revision of the rules, but to propose an elimination of all rules is just nuts.
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I’m with you, definitely need some rules and those rules should apply to everybody equally. The problem we have then though is who decides the rules? The other problem we have is people still believe the current system is working fine and will fight to keep it in place. How do we get these people to see the current system for what it is?
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Build a new system. People will eventually go where it serves them best.
Btc is one if the first parts of the new system. Hopefully the safe network will play a big role too.
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Since the beginning of the formation of the SEC (right after the great depression, 1934), JP Morgan (the actual guy) and other tycoons had been lobbying really hard to influence politicians to deregulate the industry.
The political battle between JP Morgan and Theodore Roosevelt was epic, and I think everyone should study that period.
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I think the problem with both capitalism and libertarianism and cryptocurrencies in general, is that in principle it sounds fair.
However without any rules, whenever possible, it creates centralization in a few actors.
It happened with the economy, it happened with bitcoins and with any other system, their brightest idea to increase efficiency is to find a way to centralize it. Genius! 
And that is, imho, the root of all evils.
The Safe Network is the only system I have seen that actively tackles the issues of centralization by actively punishing big nodes that goes above an average. (I mean, is this mechanism still contemplated, right? I lost track with all the modifications lol)
However, it would be naive of me to believe that this design will change the world economy and lead us into an utopian world.
But it will be interesting to see it unfolding in real life uses, it certainly will be fascinating.
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That was the cheapest option, now they have to pay to get their way 
right … which is why you need to study it better. History is way more complicated and nuanced than you think. The books are mostly written by the victors - you need to keep that in mind as you go because they are chock full of misrepresentations and outright propaganda.
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I don’t want to go off topic/meta, but what part of what I mentioned is wrong under your impression?
What I describe is a very well documented and well known historical facts that did happened between 1900 and 1930.
If I missed something, I would be glad to be corrected.
You are talking about “misrepresentation and propaganda”, what incentive is out there to misrepresent the birth of the industrial revolution, the roaring 20s and the economic implosion of 1933?
You seem to see ghosts everywhere.
“History is written by the victors”, certainly has some truth when it happens in military conflicts and there is certainly an incentive to clean the victor’s image to justify events surrounding the instigation or circumstances that lead to a war and it’s aftermath after the conquest, but in this context it sounds a canned phrase out of place that doesn’t fit the context. Wouldn’t it be ironic that you are using blanket statements while warning me to not oversimplify?
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This month, two Dutch companies will launch 4GB+ up/down internet 
On the SAFE Network " 
world countries" are those who hold on to MB up/down internet speed.
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Here’s an interesting book to add to your list:
The fediverse is going supernova. 
About a third of the web is WordPress which recently got support for ActivityPub (through a plug-in) which is what connects Mastodon friendica and countless other federated YouTube, Reddit etc lookalike apps together.
And now all WordPress sites on WordPress.com can be followed from Mastodon or any similar fedi app with a click.
Twitter is I believe already a ****hole, financially unsustainable, and falling behind technically as much of the web becomes federated, and in time I hope truly server free peer-to-peer.
More:
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ActivityPub is so great.
Also really been loving bsky recently, once you get past the initial low-signal period and get following some folk.
It’s a breath of fresh air over the cesspool that twitter has become.
@jii.im is my handle if anyone wants to follow. I’ve no invites yet though I’m afriad.
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I’ve not tried Bluesky because it appears to be yet another VC play, too similar to the Twitter and Medium (and Substack etc) playbooks. Lucky for you you have to try them all I guess! 
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Anyone looked at OCapN?
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I’ve added me to the official Bluesky waitlist a couple of months ago. Still no invite received.
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The AT Protocol seems like a great step forward though.
I’m curious as to what makes you think that?
Saving data on the bitcoin blockchain? Seems like it might be better to do this kind of thing elsewhere. I will have a think where that might be…
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