We need exchanges to default to NKYC. AML is bs because dollars. Terrorist financing prevention is already a lost cause (just look at North Korea’s successful use of crypto and bitcoin).
But that’s for the late stage mass adoption. Winning happens earlier though, and I agree with other responses. It’s not going to be possible to regulate - so it has won. Most people just still think it can be regulated, so that’s not as obvious as it will be eventually.