A very illuminating article on Eight Epic Failure of Regulating Cryptography and common misunderstanding by government regulators that doesn’t have a wide view on how technology works.
Ignorant government regulators does not understood that strict regulation would have the following drawbacks:
- It will create security risk
- It won’t stop the bad guys
- It will harm innovation
- It will harm US business
- It will cost consumers
- It will be unconstitutional
- It will be a huge outlay of tax dollars