Part 10/15:
He advocates that this permissionless innovation not only accelerates technological advancements but democratizes participation, allowing small startups and individual developers to create niche applications that serve localized or specialized markets—something unattainable within traditional, centralized systems.
Regulatory Perspectives and Challenges
He candidly critiques the role of regulators, arguing that they have failed to protect consumers and have often enabled fraudulent practices in traditional finance, citing the 2008 financial crisis as evidence. From his perspective, Bitcoin offers built-in consumer protection through user control and privacy features.