> This is false actually. Cryptocurrency's "selling point" is being regulated by mathematical rules and not by potentially-corrupted policymakers.
You're being unnecessarily pedantic. If one uses the term regulation, I think we can all presume it's about a centralized governance structure (e.g. policymakers).
The "regulation" in crypto is not a set of mathematical rules. It's a set of rules created by humans (see every crypto white paper ever) that uses mathematical models to abstract away a direct democratic process of trust to facilitate the exchange of currency.
If crypto was just about "mathematical models" then why wouldn't we just use those "mathematical models" in today's fiat currency?
You're being unnecessarily pedantic. If one uses the term regulation, I think we can all presume it's about a centralized governance structure (e.g. policymakers).
The "regulation" in crypto is not a set of mathematical rules. It's a set of rules created by humans (see every crypto white paper ever) that uses mathematical models to abstract away a direct democratic process of trust to facilitate the exchange of currency.
If crypto was just about "mathematical models" then why wouldn't we just use those "mathematical models" in today's fiat currency?