look at the article we are commenting under. there is your answer
without protections, you get fucked
it's kind of like antivaxxers: they have no fucking clue how horrible a world of constant deadly diseases was. so in this bubble of ignorance, created by progress, they only see the tiny "evil" in what we have to do to maintain the advance: get injections. they react to that as the evil that needs to be defeated. as if that's the only evil possible. and when enough of them allow enough attack vectors for a deadly disease to proliferate, people die. so here we have the real evil at work: ignorance
the world is not a choice between unicorns and rainbows versus shit and broken bones
the world is often a choice between various shades of bad situations
wisdom is picking the least bad situation, and comparing it versus the other bad options. rather than ignorantly comparing the least worse bad situation against uneducated perfection fantasy. so government regulations, with all of the corruption and rent seeking and regulatory capture, etc., is better than no government, or weaker government
people need to fight corruption, not government itself. in fact, those who corrupt government are often the ones loudly proclaiming government to be the enemy, rather than the corruption they create. and uneducated fools fall for their lies
another example: the FDC
like antivaxxers, certain paranoid economically illterate wackjobs see great evil in the FDC. and in their abject economic and historical ignorance, they have no clue of the historical suffering that led to the FDC. no, in their mind these controls exist because of vast conspiracies and assorted nutbag fantasy rantings about efforts to control us all, because reality is apparently an episode of scooby doo
why does the FDC actually fucking exist in the first place? study your economics and your history. don't trust the low iq herp derp hysterics of alex jones types to "educate" you
the reasons are mundane and sensible for the FDC. not dark and creepy. a world without them, the world before the FDC, is far, far worse:
every dozen years, there would be a banking panic, and people would lose their life savings
simple history. simple economic fact
that's the real reason why we have the FDC (cue paranoid historically and economically illiterate whining about "freedom")
and here we have bitcoin enthusiasts losing their deposits by entrusting them to random assholes without any government oversight, and guess what?
"oh well"
that's what life is like without "evil" government regulations in finance