Regulation isn’t “reality,” it’s an artificial creation that can only be sustained to a certain degree based on the particular technological environment. What I’m saying is that the technological landscape will dictate the degree of cost effectiveness of certain legal structures. Very much like copyright issues and market structures for physical media fell apart during the early 2000s despite the many times that torrenters, websites, apps like Napster, and many others became victims of the govt and corporate resistance to the new reality, yet in the end they capitulated and the means and price by which they delivered media to the user changed completely.
We will likely get some weird amalgamation of the two conflicting forces, but it seems clear to me that the technology will severely increase the cost of regulating all of these services and applications as if they are giant payment institutions, and it won’t be sustainable in the long term.
There will likely be many “Samurai’s” along the way unfortunately.