In fact, I don't quite understand why major Bitcoin web wallets don't agree between themselves to process interwallet transactions directly bypassing the blockchain. As to me, that should be the right thing to do just like we can transfer funds between exchanges using the exchange codes. Miners are mostly rogue nowadays and not scalable overall. They got centralized beyond hope and should be disposed of
That would be a quasi Paypal which I think is probably the direction it's going to go anyway. People will wake up one day and wonder what happened
when their transaction is reversed and the underlying Bitcoin confiscatedYou should keep in mind that it cuts both ways
What I mean to say is that right now we have exactly the opposite situation, i.e. scammers taking possession of legit users' coins with no way to charge back or make them pay for their fraudulent ways. Let's be honest, PayPal is far from perfect but it still provides some protection to legitimate users against scammers. The flip side of the coin is mostly due to administratively imposed government regulations. With Bitcoin, this obviously won't work, and the free market will be the ultimate judge since no one will be using a service which does something truly nasty