Right, we still have to deal with local laws anyway. However, consider that technically I could create a "New PayPal" as I could receive digital payments and g

Right, we still have to deal with local laws anyway. However, consider that technically I could create a "New PayPal" as I could receive digital payments and give cash to my customers. Of course this doesn't cover the legal aspect. If you'd want to release something like PayPal in 1998, the only possibility is being rich or having rich friends. That's the only way credit card companies are going to consider doing business with you. Now with Bitcoin you're relieved of that obstacle but of course you have to still deal with the law.