Mastercard CEO Attacks Bitcoin

“If the government creates digital currency, we will find a way to be in the game. We will provide rails for moving currency from customer to merchant. The government mandated digital currencies are interesting. Non-government mandated currency is junk,” he said.

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He's just pissed that omg is gonna make him unemployed.

This is the same bullshit stance that other scared CEOs have taken.

Muh gov't makes it legal tender and that's the only thing that makes a currency

>we will prove rails for moving currency from customer to (((merchant)))

salty pajeet detected

>junk
>government
yeah there's exactly 1 transaction a year i have to do into fiat to make bitcoin viable for me... that's a lot of friction

Tells the man with 3.5% processing fee

He is afraid and badmouthing it to try to sway normies not to look into it.

QUICK BEFORE HE DELETES IT

What was it?

what?

Be glad you missed it.

It was a 7 year old receiving full on penetration.

i love it more because boomers brains are mush and they can't inti bittrex super sophisticated logins

thx user
weeks ago some fucker fuck dead infant body and post in /b/

warosu.org/biz/thread/S3808300

In today's world, ya. Let's see here, a coin, backed by nothing used as currency that can get regulated/btfo by the state literally at any moment. Or a coin, backed by the full faith and arms of the government, that is already regulated/won't go anywhere. Hmm, if I had a million dollars and had to choose where to put my resources..

>Future 10 cent fee decentralized digital currency that can run contracts to allow transference of ownership p2p all accross the globe without human intervention is junk.

Yeah, no.

You know, that could be the case if the OMG network was closed, but when MasterCard and Visa start to sweat they may even move their services to OMG to try and stay afloat. Shareholders will not be happy with a 70% reduction in revenue and will probably mass sell off to buy OMG.

That boi is sweating.

Kek.

>We will provide rails for moving currency from customer to merchant

>We will provide rails for moving currency from customer to merchant.

Translation: we are parasitic middlemen devoid of any usefulness.

I hope no one in here is stupid enough to take this at face value. He knows damn well bitcoin has the ability to completely replace mastercard. BTC will eventually have a debit card service (obviously) and when it does MasterShart will lose a lot of business.

Im wondering when payment companies like paypal and others are gonna get in on the crypto game.

whats holding them back?
Is it just the scalability issue at the moment?
Is it that they dont trust crypto and arent willing to put their name on the line?
Or is it just because they wont make as much money from fees?

If one of these big payment companies got into crypto early they'd have a monopoly in no time; all the normies would flock to them.

First they ignore you.
Then they laugh at you.
Then they fight you.
Then you win.
Gandhi

TIL people actually use mastercard

same reason kodak refused to get into the digital photography game and tower records doesn't exist: they're old, stupid, and arrogant.

>if I had a million dollars and had to choose where to put my resources..
the homeless guy living under the bridge seems like the obviois choice

easily hackable scammable exploitable clonable forkable altable, just add -ble in any word

>Master Card

Can you pay your taxes with Bitcoin? No? Then it's essentially useless and the equivalent of bartering if used for trade.

could be; hopefully thats the case, those cunts deserve to die
>easily hackable scammable exploitable clonable forkable altable, just add -ble in any word
Cloneable wouldnt matter because its about reputation and execution
Forkable isnt an issue if they control it; which if they made their own blockchain, they would
easily hackable idk if true, but things like this may be keeping them from doing it.

its still early tech there a lot of poeple holding into blockchain exploits, remember win7 day one exploits that only came to light like a long time after?

does anybody actually have a master card? all my cards are visa. I know a few people with discovery, I don't think I've seen a master card.

>hurr we need the state to function

iugh

$MA is +41% YTD if you like boring jew gains in ur portfolio, I know I do

he isn't wrong

here you go user's

warosu.org/biz/thread/3808300

Unironically this.

Why the fuck was this deleted?

OY VEY DONT TOUCH THAT NON GOVERNMENT REGULATED STUFF HOW WOULD OUR (((INTEREST RATES))) COMPETE IN SUCH A MARKET

He didn't want too many anons to know about it.

> .Ca

lmao no

Currently at laugh/fight stage

>tfw buying shit with MasterCard thanks to bitcoin

sweet

Kek this is so true i will tattoo this on my dick

Bitcoin easily hackable are you retarded ?

You can pay taxes with btc in Switzerland