Because legal oversight and traceability are often bugs, not features. The middlemen required to deal with those two things are often bloated, slow to react, corrupt, expensive, and in some cases, all of the above.
The idea that "I want to send some value to someone else" requires jumping through so many hoops, and having so many bites taken out of it, in 2015, is a bit silly.
How do chargebacks work with cash? Exactly. Yet we still use it.
This honestly smells like the government anti-encryption argument. "You have nothing to hide, so why do so?"
The idea that "I want to send some value to someone else" requires jumping through so many hoops, and having so many bites taken out of it, in 2015, is a bit silly.
How do chargebacks work with cash? Exactly. Yet we still use it.
This honestly smells like the government anti-encryption argument. "You have nothing to hide, so why do so?"