Ok then guess what Peter Theil is also in the very stupid camp as to how he thinks about new technology superseding regulation. You can read all about it here:

The Case for Stablecoins — 2 Two case studies demonstrating how to innovate in fintech

or you can watch the interview on the Rubin Report

The politicians didn’t like us but if we got PayPal to be big enough it would sort of overwhelm the regulators and they’d have to accept it as a fait accompli

We had the sense that we were going to change the world and we were going to give people more control over their money.

the PayPal hack was a way where we were going to change the world and we were not going to ask for permission (it would just be) technology over politics.

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Incentives architect for TandaPay

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