Regulation : Always the sword that hands above the industry. Crypto may be to the 21st century what labour unions were to the 20th. Over time, as the movement's effect on global economic alpha peaks, there may be corrections in the legislative environment which pivot the world around the next big thing.
Further banter :
Macroscopically, the cryptocurrency movement is trying to execute an inversion of regime, and the transfer of wealth via novel means to a new asset class in which older generations are underweight. This is the intrinsic value of the new technology - it is designed to subvert incumbent governance. The question of how gently or harshly old governance admits the new asset class, is the core theme of the cryptocurrency drama. In the peaceful scenario, there is a gradual admission of the new guard over decades of governance adjustments ... in the violent scenario, there may be sudden shifts of capital if the new weapons are allowed to dominate, or an outlawing of the new weapons resulting in new borders if the old guard is more alert.
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