Earlier quoted context omitted.
The problem with regulation is that one must first establish who is capable of regulating correctly. There's no such thing as abstract regulation that simply exists. The entities that would most likely do the regulating already exist, but I'm unconvinced any of them would actually improve the situation. For instance, see http://blog.cr.yp.to/20140411-nist.html . What real group of people could really regulate cryptog…
I failed to express myself well. I'm not suggesting that all crypto is immediately regulated, that is completely infeasible. I'm just point out that regulation in general, over all domains, isn't inherently bad. There is actually some regulation in this space. FIPS compliance, PCI DSS etc.. It's just not as wide reaching as something like the FAA for aeroplanes.
The programming field just keeps making the same old mistakes again and again. We're even economically motivated to keep things this way, because we get paid to fix things when they go wrong. Roads in Germany come with a warranty, so the contractors make sure to build them correctly. Roads in the US and Italy keep getting fixed, because that's how those companies get paid.