[RussianCow]

Credit card transactions are reversible and the numbers are easy to steal, so it would be too easy to scam an exchange in this way. It's just as hard to convert local currency into any other currency, so it's not really unique to Bitcoin, and it probably won't get much more "effortless".

[NateDad]

Except, that's how every store on the internet works, and they're doing fine.

[im3w1l]

It is easier to write anti-fraud algorithms for other goods: If you want to buy stuff and ship to Romania with a US credit card, that will raise a lot of read flags I'd imagine. You also have to resell the goods which is probably quite a hassle. There are of course a things that are almost as good as money, like gold and stuff, but the sellers of that probably have their algos set for very few false positives.

Google anti fraud api, it is quite interesting.

[mhitza]

> If you want to buy stuff and ship to Romania with a US credit card, that will raise a lot of read flags I'd imagine

I'd imagine that would be a shitty algorithm.

[pmarca]

All of which is ironic as it so clearly demonstrates the need for a system like Bitcoin!