I agree on some of the points you mention above and don´t see regulations as perfect neither. Unfortunately they are necessary though as our society still needs rules to run by these days or we´d all be used by others to make money through illegal activities and scams. It´s a sad truth that we need regulations to feel safe and to trust a technology that handles our wealth.

Cryptocurrencies will regulate themselves anyways though. Only the strongest and safest will survive over time and that´s exactly why I´m totally into steem. It´s fast and safe while still just running on less than 1% of it´s capacity with 1 million daily transactions.