Crypto should be regulated by people in their 20’s and 30’s not in 60’s or 70’s. How are supposed people that have no idea what internet even is be able to understand even basics of crypto?

In the past (for hundreds or thousands of years) older you were smarter you were. It worked pretty well since elders gained huge wisdom over they years and knew more than younger people. Difference was that not much changed. World between ancient times (excluding romans) and end of middle ages didn’t change that much. If some changes happened they took many generations. Today in 10 years world become whole different place, during single lifetime we see multiple eras, that once lasted centuries or decades. Very hard for old people to follow all new tech. Computers, internet, mobile phones, social media and now crypto are deal breakers. If you don’t get previous one you won’t understand next one. Without understanding of computers, internet and whole social media thing you can’t understand what crypto is and how it function.

Old people born decades ago in 1940’s or in middle of cold war regulating crypto is like cavemen regulating napoleonic era army. Sound hilarious, but that’s true. In last 70 years word went up much more than in last 6000 years. I think it is insane to let those people regulate world they have no idea about anymore. They simply expired, they should retire and enjoy their last years instead deciding how we should live our lives in decades to come. Today regulations will last for years, and influence situation in 20 or 30 years when most those politicians will be long gone.

Do I think the same will come to us? No, at least not as much. Last decades shown crazy changes but in last few years progress stopped a bit. Technology can’t progress so fast forever. Almost everything was either invented or at least we saw it in movies and videogames. I am not sure much can ever suprise person like me. I grow up with computer and mobile phone, I remember times without them, but I was just 6 maybe 7 years old then ( now I am uni student). Some of you were probably teenagers in 1990’s when you get first computer and access to internet and around 20/25 when you got your first mobile phone. It is still enough time to after 15/25 years of using it be good at it. But most politicians were in their 40 or 50 back then. Too old to just casually learn new thing and be good at it. Even if some of them use computer, they can maybe send and e-mail and use smartphone to call or send message. Crypto is even newer tech, just 14 years old, less if we realize it took few years for average person to even learn crypto exist. Less you are into internet culture and social media, later you learned about crypto. It is different for engineers or programmers that follow things like this, but most politicians don’t. So they should stay away from it.

Crypto should be regulated by those that use it, make it and understand it, by young people, gen Z and Millenials not some Boomers. It is field where life wisdom or experience doesn’t mean anything, instead following new trends and improvements matter. Crypto change very fast. What was 3 years ago in crypto is most likely terribly outdated.