First, let’s remember Satoshi’s words: “We have proposed a system for electronic transactions without relying on trust” Snapping back to reality and lest we forget, cryptocurrencies including Bitcoin, Litecoin and Dogecoin are alternatives to the government backed fiat currencies. It’s peer to peer, digital, not issued from a single source and entirely backed by the trust of the community. That’s why it’s trustless and secured not by the whims of politicians or policy makers as they like to call themselves but by complex mathematical formulas—often proof of work. This is why the crypto market doesn’t need the SEC and other regulators, though rogue elements would anyway exist, the route for self regulation is secure when there is an independent market that’s not roped in anyway by the central bankers. Yes, there are millions and perhaps Trillions of dollars according to Tim Draper when institutions come in but they often
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