Regulatory bodies will forever play catch-up as technology advances

The government's worst nightmare is fast becoming a reality, a time where they can not effectively regulate(control) the world. It seems like every turn I make as I navigate through numerous stories on social platforms and news sources is cursed to have some loads of reporting on technology disrupting various traditional value chains that gives regulatory bodies power, so much that I quite frankly have slight headaches in-between swipes and need to chill my eyes off looking away and maybe into a wall or a bird through my window.

Literally.

Whilst generally, most people expect a lot of bad outcomes as these trends continue, I'd say that it really boils down to what the alternative system to traditional regulatory bodies looks like. We can try to build a bridge to connect digital economies to traditional and off-chain/net governance systems but the hard pill is that at some point, we'll realize that it's just not going to work, at least to the extent that would be expected by the establishment to ensure full control of the world.

We have to ask ourselves serious questions because it appears to me that even enthusiasts of these digital ecosystems can't really grasp how much leverage they have right now to completely disrupt the system that's had us trapped.

What we are working with here when it comes to the regulation of new tech like crypto, blockchain and AI is that it's a case of “let's slow down things vs let's just let it blow through and displace us because it's inevitable” but quite a few understand.

The average government does not have a clue what capabilities lie in the technological advancements taking place, so this opens up room to have to search for talents that do understand. Oftentimes, regulators would imagine that decisions like this will aid them take control but it is essentially what aids accelerate things or simply serve as signals to the industry that they are under attack and need to be strategic about their operations.

How can you regulate a million software creating millions more software that disrupts industries daily without advocating for increased development upon said software industry?

The truth is you really can't, you can slow things down but that only makes it's even harder and here's why:

Technology enthusiasts in government are anti-government

A true technology enthusiast is never going to protect the interest of the government, so the idea that bringing in these guys to help the government understand how to regulate(essentially control and max extract value) this industry is bottomline stupid but it is going to happen anyways.

In fact, it is already happening with crypto.

But here's the thing.

There's a lot of supposed crypto supporters that will make it into government roles but will back policies that are anti-crypto and technology, generally and this is essentially how we can tell that said folks are not really supporters of the industry.

What's rather comical about situations like this is that while they tend to slow down general advances in said tech industries, they simultaneously accelerate developments in select sectors within said industries, which aids in navigating and pushing through government restrictions.

It's a case of trying to put something in a cage and leaking the plan before it is done, essentially leading to said thing making preparations to be able to break out.

There are simply not many(if any) scenarios where the government wins. In putting a real technology enthusiast in power, he works against the interest of the government strategically and general development blows through the roof or you put in a fake and that just ensures the government will never be able to cage the industry from a much earlier stage.

In whatever case, the government has to play catch-up, which they'd never really succeed in. Either a catch-up to regulating millions of technology solutions or catch-up to restricting systems that have already cracked the code to being effectively free from political restrictions on a global stage.

It smells like an end for traditional control systems and an opening for blockchain-based governance and digitally powered economies.

Posted Using INLEO