The bitcoin market is already in need of regulation as price is so blatantly obviously controled by a few strong hands. I have made several posts over the weekend outlining the price manipulation and how to spot it. Also, someone posted a blog showing STEEM payouts over the very recent past. It is pretty clear to see that there are already steemit members taking advantage on other steemit members who are caught up in teh "hysteria" that is bitcoin. The largest payouts were made during high volume spikes in bitcoin, which took the price of STEEM right along with it. I'm all for "say whatever you want because I make my own decisions anyway." But a handful of bitcoin whales are "obvioulsy" stepping in, bringing their subs from otehr social media sites, and pumping up the volume on blogs they post here so that they can enjoy the payout that results from the "enthusiasm" of alot of let's call them "unseasoned" traders/investors. So steemit is good...as long as you know when you are being "played." And that of course is the difficult part when everyone is under the ether of the crypto excitement.