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RE: Chinese government is cracking down on alternative exchanges. This is how governments work people. Please stop wishing for regulations and collaboration with them. Just say no.
Imagine the world where you could take your own pension fund and - invest as you like with your own responsibility. Imagine tens of thousands (hundreds?) of $ / Eur in the hands of the citizens. Just imagine the flourishing of business. What a boost that would be.
Let the people earn something, let them make some products, services, money - tax them later... Or don't tax at all, they will be buying goods, services, they will pay indirectly.
Just see what happens when people have to take responsibility. Cryptos are a perfect example. You HAVE to read carefully. You HAVE to do things slowly and correct. And that improves your attention span, it improves the quality of the stuff you watch in order to learn - which in order improves the competition for valuable content. And on and on it goes.
This is exactly what "ancoms" don't get.
I always hated the simple rule of physics that is applicable to political sciences: if you want to progress faster, the resistance will grow exponentially. And for me, that is absolutely wrong.