I watched this episode and I believe this Idea can not work in real live. what would make people use a regulated cryptocurrency and leave all the freedom that bitcoin gave them?
I can easily foresee a situation where people would rather place their trust in something regulated. Primarily because it's all they've ever known. Plus people don't always realise that regulations aren't necessarily in place to benefit them. Perhaps if there was better education around the fact that many laws are simply in place to reinforce an entrenched financial oligarchy that bleed us dry and expect bailouts when they fuck everything up, things might be different. Public perception has to change before they learn to trust something unregulated, even if it would ultimately benefit them more.
