I don’t understand #2. What’s the point of bothering at all if we ultimately need a government to impose their centralized power of enforcing laws on the usage of blockchain?
It feels like yet another “crypto people discover organically why centralized banking is the way it is.”
I don't think the GP is saying the government needs to enforce laws on the usage of the blockchain, in general. Rather, one use of the blockchain is to run a centralized investment bank. In such cases, the government should regulate them just as they would any other investment bank, on or off the blockchain.
It feels like yet another “crypto people discover organically why centralized banking is the way it is.”