Consider the payment system call cash: there is no way to reverse fraudulent transactions except via the court or criminal justice system. I think it is very re

Consider the payment system call cash: there is no way to reverse fraudulent transactions except via the court or criminal justice system. I think it is very reasonable to have an electronic cash payment system which you would use for the same purposes you currently use cash--mostly either in person transactions or with people you trust. >"A person should not be able to create an account, commit fraud, and run away with the proceeds." Well this is what we have a criminal justice system for.