Payments activity - any point to our time and effort?

I've been reading this:
https://lists.w3.org/Archives/Public/public-payments-wg/2016Feb/0527.html

Is our work valuable at all or is this some sick joke that looks like Wall
Street Execs vs. the concept of law and such things for the billions of
other humans around the planet...?

After reading this, I have severe concerns about the viability of building
anything meaningful here.

I think that should be made clear. W3C was established due to issues that
emerged sometime ago. New issues threaten humanity as is influenced
specifically by web standards. Their are a number of very troubling
problems here, and I fully support Manu, who's work has brought all this
together and to suggest otherwise is an act of horrific behaviour I very
much doubt they'd want subject to accountability, as such,

What are we doing here?

Timh.