> Until we accept that centralized payment systems only benefits the central entities, we're going to be stuck with these problems. That's beyond ridiculous. T

> Until we accept that centralized payment systems only benefits the central entities, we're going to be stuck with these problems. That's beyond ridiculous. The main reason here is that they are trying to prevent their service from being used for fraudulent purposes. How would Bitcoin change that? Realistically, there would still need to be some form of identity verification. The actual problem here is that it's really hard to verify a person's identity over the Internet. The questions in the article can be answered by a determined attacker, so it's clearly the verification system that's broken.