So... you're saying its easy for the reckless and foolish to somehow overcome these steep barriers and understand what it takes to open while those who are competent are unable to do so?
He's saying that those who understand what it takes to build a secure service see the problem as so difficult that they prefer to use their talents for something else. As a consequence, the services that do exist have been built by reckless people who don't understand the issue.
I don't know whether that's true, but that's what s/he wrote. It's an easy enough to understand and plausible notion.
You obviously never had to deal with bureaucrats, right now the 2nd biggest exchange BTC-e is runny by some shady eastern europeans who are simply ignoring all laws. The biggest exchange Mtgox was run by an incompetent fool who lost half a billion in the cushion of his couch or something.
Bitstamp seem to be doing the right things but I doubt that they can legally operate in US or take transfers from/to US as they are doing.
I don't know whether that's true, but that's what s/he wrote. It's an easy enough to understand and plausible notion.