Someone once put it bluntly: regulators should referee the match, not play in it.
Think about it. Their real job? Keep the playing field level. Make sure the rulebook actually works. That's it.
But here's what happened—the system got bloated. Too many players wearing ref jerseys. Too much power concentrated in hands that were supposed to stay neutral.
Sound familiar? It's exactly why decentralized systems matter. No single entity controlling the game. Just transparent rules, enforced by code, visible to everyone.
When the referee becomes the star player, the whole match breaks down.
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BackrowObserver
· 12-06 11:14
That’s spot on, regulators should have been kicked off the field a long time ago.
If the referees are playing the game themselves, how can there be any fairness? No wonder web3 is so popular.
On that note, the Achilles’ heel of centralized systems is exactly this—once power is concentrated, there’s no saving it.
Code is law—that’s true neutrality, isn’t it?
But wait... those guys claiming they want to regulate web3, aren’t they just repeating the same old tricks?
This just proves why we need real decentralization. Don’t let them fool you anymore, bro.
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TokenDustCollector
· 12-06 08:00
Absolutely spot on, it's really frustrating when regulators act as both referees and players.
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GasFeeNightmare
· 12-06 07:59
That's right, but decentralization isn't a silver bullet either... Code can still have bugs.
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PrivacyMaximalist
· 12-06 07:57
The era of regulators playing the game themselves should come to an end; it's long overdue for Satoshi Nakamoto to step in and save the market.
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GasFeeCrier
· 12-06 07:41
Regulators gamifying things has been annoying for a long time. Luckily, blockchain offers a way out.
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FudVaccinator
· 12-06 07:32
Once regulators step in, it's over. Haven't the lessons from history been painful enough?
Someone once put it bluntly: regulators should referee the match, not play in it.
Think about it. Their real job? Keep the playing field level. Make sure the rulebook actually works. That's it.
But here's what happened—the system got bloated. Too many players wearing ref jerseys. Too much power concentrated in hands that were supposed to stay neutral.
Sound familiar? It's exactly why decentralized systems matter. No single entity controlling the game. Just transparent rules, enforced by code, visible to everyone.
When the referee becomes the star player, the whole match breaks down.