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Comment on Micropayments - It Is Time

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Yeah, it's been time for them for 10 years. Those and fuel cells in cars. It's a race to see which one humanity realizes is pointless first.

If there wasn't a financial cartel blocking new players with regulation it would probably be very easy to [implement] and in many different ways.

Fuel cell cars and many other technological attempts at fixing a major problem get a minuscule crumble of the pie. Perhaps the waste is mostly on mainstream media and reader/watcher time. Who cares, that was time and resources lost.

Now my attempt at a red-herring: those particle accelerators sure waste money for some meaningless questions.

Isn't it more the government in their attempts to prevent money laundering that makes micropayments too painful?

The financial and credit card cartel have some trillions to loose. Just ask the microfinance players. For example, Grameen has been receiving attacks for decades from both government (via World Bank) and private sector, with every possible block and type of scandal you might think of.

Right, but the main hindrance to micropayments seems to be the immense effort funding your account directly from a bank account. This is caused by the KYC laws instituted by the government to prevent laundering.

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