Regulations aren’t perfect, but the banking industry has gotten vastly more full of scans since congress repealed Glass Steagall. Regulations offer a structure to punish fraud and scamming. We need clear defined rules to at least attempt to control markets from their worst possible outcomes.
rottingleaf@lemmy.world 3 weeks ago
Frankly movement is all that matters. Too deregulated looks like cryptocurrencies, too regulated looks like PSTN which every phreaker could own, because it relied upon laws for its defense, not technical robustness.
There’s no system that remains working when just kept standing, all that matters is that we can quickly rebuild any part of it. Which is why modern legal systems and modern Web suck so much, they’ve lost that trait.