The history of mankind is full of examples that laws are the only way to keep people within a limit between union and disunity.Whether in a neighborhood association, or in a condominium, in municipalities, states or countries, the rules, regulations and laws exist to theoretically regulate interactions between humans and between humans and what exists in the world.
Undeniable to say that without the laws, we would not even have internet.
This blog and its posts have rules that cannot be violated under penalty of ban. We all know that, don't we?
The great philosophers of laws: Voltaire, Machiavel, Robespierre, Aristotle, Thomas de Aquino, Augustine and other great men define, among other things, the relationship between the laws and customs of each society, between the rules and the way in which a specific people sees your reality.
These issues have in common, for all these thinkers, the guarantee of freedom.Whoever says, however, that the law restricts the freedom of the citizen, because it confines the person in invisible walls from which if there is transposition, this person no longer, this creature will be banished from society: the famous marginals.
By this logic, which has governed all of us, for many millennia, to date, the cryptocurrency market - which has always been self-regulating - is marginal, on the margin of the status quo. In this same line of thought, this financial marginal turned the financial market upside down. As people gained a certain freedom without being vigilant with crpytomoedas, without bank intervention and without apparent flow control, this caused the financial market - driven by profits - to leave marginalization until it had exorbitant gains. This recalls 1929: uncontrolled roles, until a bubble ..... result? People plummeting from buildings. It also looks like 2008: uncontrolled real estate, another bubble ..... result? People without a job, homeless and local and then global recession. In 2021, something like this: apparently the cryptocurrency bubble broke, the magic ended, bitcoin overnight went from 60000 to 30000 by someone who decided, unitarily, to post twitters. And in this slide, he took several other large crypts, exposing the marginal speculation of these currencies.
The problem? This event was the excuse for regulating crypto, it was what was needed to remove this segment of the market from marginalization.
Well, then, looking at the moment, should regulation protect minors from predatory actions? Right?
Should the norms, guidelines, prevent that few twitterers return the new cryptomillionaires to normal people again? And, also, that the cash flow returns to physical actions, to safe roles and that companies stop capitalizing on cryptocurrencies?
The logic seems correct, were it not for a single detail: the governments that are proposing the regulations discovered that they should also have, digitally, their monetary footprints to maintain the political aspects about the monetary value, but now in the digital field.
Thus, the question is: if those who propose the regulation will be the same ones who issued national cryptocurrencies, how to prevent these governments, in their regulations, from being like the boy who with three twitter turned many monetary accumulations into dust (including many banks) and physical companies). For example: several banks, 10 days earlier, at the beginning of May, launched 100% cryptocurrency funds, backed by bitcoin, on the stock exchange. These physical papers fell 60% in 20 days, leading that more conservative investor to have a lot of losses. And this investor, normally, would not work with the outcasts.
In this light, a question remains: how will governments regulate this new digital financial market?
Because, contrary to the physical laws - and it seems that many of them are not so exempt - the financial market norms, for sure, will focus on the political and geopolitical aspects of national demands above the protection of the investor ..... or better, in the name of investor protection, the freedom to be able to invest safely, rules are created that favored nations.
This reminds me of SW's "Strike Back Empire": the rebels (marginals) cause a breakdown in the established power (traditional financial market) and the empire, using imperial hunting resources and trying to quell the rebels. By yes, by no, we must see where the sith are. By the yes, by the no, we must be vigilant so that there is no sabotage of the crypto for reasons of vulnerability and volatility, transforming the traditional financial market the great savior of the small investors.
I believe that cryptocurrencies really came to give freedom to those who want to invest without someone telling you what is best for you. Just as home brokers did in the late 20th century.
It is important to know whether governments, "defending" our constitutional guarantees, our freedoms to come and go, to invest and prosper, will really take into account these perspectives, or under the hidden cover of politics and not so much national interests, will help to someone else? Help the few to the detriment of the many? Only time will tell!
Stay alert and watch.
Do not believe those who say that in the financial market there is no need for knowledge, only feelings!
Always Rationality and observation!