It breaks my heart to watch as a cloud of censorship and regulation descend over a technology that many of us hoped would free us from the international banking cartels. We all cheer as the price of Bitcoin reaches new all time highs, but I cry as the vision of what Bitcoin promised to be fades away.

To be honest, it's not a good idea to get emotional about it at this point in time. Now it's time to be calm and rational in order to analyze the current situation so we can find practical solutions.

The regulatory and financial development has been absolutely clear for several years. The direction has been completely expected, the only unknown is the speed how fast it happens.

If people haven't done yet anything to counter it, they cannot really complain. They had several years to do something about it. But instead everyone focused on completely unproductive stuff like "liquidity mining" or whatever is the buzzword these days.

I'm not sure if it's anymore possible to create a real economy outside of the state regulators. Crypto folks have had years to design, test and implement new solutions, but all that time was completely wasted. If you want to create real solutions today, you'll have a hard time. The opposition is several magnitudes stronger now than it was ten years ago.

That's why I'm inclined to solutions which don't fight against the governments, but instead look for any loopholes in the current environment.

If you openly fight against the government, it will fight back. Because it's much stronger than you, it can destroy you. But if you openly indicate that you are not opposed to the government and regulations, but look for solutions that minimize the harmful effects of the government, you might find something that works reasonably well.