It discussed competition versus regulation.

它討論了競爭與監管的問題。

Let's return to a focal point of regulation.

讓我們回到一個監管的焦點問題上。

What motivated you to think Japan has to be pinpoint for regulational context?

是什麼原因促使你認為日本必須針尖對麥芒的監管背景？

I think there are two points.

我認為有兩點。

We have the topic of the EU GDPR for platforms.

我們有平臺的歐盟GDPR的話題。

A lot of people have in fact been hurt by blockchains.

其實很多人都被區塊鏈傷害過。

We must consider protecting novices and investors.

我們必須考慮保護新手和投資者。

Each country is looking for balance.

每個國家都在尋求平衡。

Reg Tech is the other interesting one.

瑞格科技是另一個有趣的。

Not much could be done on the Internet in its infancy.

在互聯網的起步階段，能做的事情並不多。

Wired was like that too.

Wired也是這樣的。

The business model was the Internet.

商業模式是互聯網。

Marketing agencies were selling the Internet.

營銷機構在銷售互聯網。

Magazines were sold next.

接下來是賣雜誌。

Bitcoin and blockchains are today's commodities.

比特幣和區塊鏈是當今的商品。

The big concern is regulation.

最大的擔憂是監管。

Countries want to gain the technical understanding.

各國都想獲得技術上的理解。

I think we will see rapid development in technologies for such regulation.

我想我們會看到這種監管的技術會迅速發展。

GAFA may become a layer above these technologies as platforms.

GAFA作為平臺，可能會成為這些技術之上的一層。

Some countries may offer cross-national services to handle this as platforms.

有些國家可能會提供跨國服務，作為平臺來處理。

What role do you think nations will take?

你認為各國將扮演什麼角色？

Nations have the police or military.

國家有警察或軍隊。

Both have authority for physical force.

兩者都有身體力行的權力。

Nations also have land and taxes.

國家也有土地和稅收。

So, anything in the real world is done through the nation as the landlord.

所以，現實世界中的任何事情都是通過國家這個地主來完成的。

The nation may have a monopoly on physical force.

國家可以壟斷體力。

The Internet has the potential for a different type of power.

互聯網有可能產生不同類型的力量。

Quite large companies in modern times are able to sway national interests.

現代相當大的公司都能左右國家利益。

They can lobby and create laws.

他們可以遊說和制定法律。

Nations are already in a struggle with various other entities over power.

國家已經在與其他各種實體爭奪權力。

Will a major entity with force able to regulate form outside of a nation?

在一個國家之外，會不會形成一個有武力、能夠監管的大實體？

There are philosophical entities active out there like the United Nations.

有像聯合國這樣的哲學實體在外面活動。

However, the member nations have power not the United Nations.

然而，擁有權力的是成員國而不是聯合國。

Members debate their interests with only few advocating for all.

成員們爭論著自己的利益，只有少數人為大家代言。

Terrorists are the closest entity, but not nearly as organized as a nation.

恐怖分子是最接近的實體，但還不如一個國家的組織。

ISIS will not see that power.

ISIS不會看到這種力量。

A movement could generate power beyond a nation.

一個運動可以產生超越一個國家的力量。

The US #MeToo for instance.

比如美國的#MeToo。

A more organized version is Time's Up.

比較有條理的版本是《時間到了》。

These movements can spread worldwide and organize.

這些運動可以在世界範圍內傳播和組織。

These structures could innovate and overturn the male society globally.

這些結構可以在全球範圍內革新和顛覆男性社會。

Millennials give you hope.

千禧一代給你希望。

Yes. Their generation is strong.

是的，他們這一代人很強大。

The communication is excellent and we see many types of movements recently.

溝通很好，最近我們看到很多類型的運動。