When we try to purchase anything off the internet with our credit cards, there's every chance that we might get stolen.
With bitcoin, there's no chance to even find out the wallet.
People are not willing to use credit cards and get robbed in small time payment when they know they have better options.
So yeah, they should be worried.
Topic: mastercard attacking Bitcoin - page 3. (Read 7693 times)
When the concept has matured and found it's legs it will be interesting to see the real world Companies and Banks fight it.
i think they will join it at this point, they will join it in some way, for example like they are doing right now, with the costruction of their own blockchain, or maybe they will use the bitcoin blockchain to save money and time..if they are smart enough
those companies are just too scared of bitcoin and they must because they will loose several clients as thousands and millions on the next years.... soo they attack while bitcoin starts get mature and able to grow it worth....
yeah Bitcoin does have the potential to make some businesses or at least some big portions of businesses unnecessary. 
When the concept has matured and found it's legs it will be interesting to see the real world Companies and Banks fight it.
Yeah, if the Bitcoin developers can get their heads out of their asses, this bitcoin thing might actually work.
It's really not that amazing that they are scared.
Either Bitcoin or some other crypto currency has the potential to become a big player in the financial systems of the future.
this shows that they have lost some considerable users or at least they have seen a growth in using bitcoin instead of their service, otherwise they wouldn't give a shit about bitcoin being safe or the things they mentioned in the article. Either Bitcoin or some other crypto currency has the potential to become a big player in the financial systems of the future.
Ehh, no surprise a credit card company would be worried about crypto currencies. I wouldn't take a word they say into consideration. They're trying to talk rubbish to the currency that will most likely replace it.
When the concept has matured and found it's legs it will be interesting to see the real world Companies and Banks fight it.
That's a positive sign... They obviously see bitcoin as a genuine threat to their monopolies 
They will try to limit the inevitable expansion of cryptocurrencies… but they will fail eventually
With every new p2p technology comes a scared middleman trying to protect his profits.
Cryptocurrency brings the person to person transactions of paper money to the electronic world.
Cryptocurrency brings the person to person transactions of paper money to the electronic world.
It's really not that amazing that they are scared.
Either Bitcoin or some other crypto currency has the potential to become a big player in the financial systems of the future.
they realized this so they are trying to keep their customers from using payment system like bitcoin instead of their system. or at least make them think twice when they want to use bitcoin,. Either Bitcoin or some other crypto currency has the potential to become a big player in the financial systems of the future.
It's really not that amazing that they are scared.
Either Bitcoin or some other crypto currency has the potential to become a big player in the financial systems of the future.
Either Bitcoin or some other crypto currency has the potential to become a big player in the financial systems of the future.
those companies are just too scared of bitcoin and they must because they will loose several clients as thousands and millions on the next years.... soo they attack while bitcoin starts get mature and able to grow it worth....
Their main line of attack against Bitcoin is their undeniable superiority of volume of transactions per second. In the latest Gavin's approach which is 8mb increase every two years, we would have the following:
(B=bytes, b=bits, 500 bytes/Tx)
2016 8MB 0.1Mb/s 26Tx/s
2018 16MB 0.2Mb/s 53Tx/s
2020 32MB 0.4Mb/s 106Tx/s
2022 64MB 0.9Mb/s 213Tx/s
2024 128MB 1.7Mb/s 426Tx/s
2026 256MB 3.4Mb/s 853Tx/s
2028 512MB 6.8Mb/s 1700Tx/s
2030 1024MB 14Mb/s 3400Tx/s
2032 2048MB 27Mb/s 6800Tx/s
2034 4096MB 55Mb/s 13600Tx/s
2036 8192MB 109Mb/s 27300Tx/s
END OF BLOCK SIZE INCREASE
That would mean it will take 20 years to reach Visa's transaction peak volume. Even with LN, we'll still have problem to reach the ultimate goal, which is worldwide fluid usage. Im just hoping solutions are found along the way.
It is our current solution and it was introduced to please the masses. I think that bitcoin for not all that much popular to justify further and faster block size increase. (B=bytes, b=bits, 500 bytes/Tx)
2016 8MB 0.1Mb/s 26Tx/s
2018 16MB 0.2Mb/s 53Tx/s
2020 32MB 0.4Mb/s 106Tx/s
2022 64MB 0.9Mb/s 213Tx/s
2024 128MB 1.7Mb/s 426Tx/s
2026 256MB 3.4Mb/s 853Tx/s
2028 512MB 6.8Mb/s 1700Tx/s
2030 1024MB 14Mb/s 3400Tx/s
2032 2048MB 27Mb/s 6800Tx/s
2034 4096MB 55Mb/s 13600Tx/s
2036 8192MB 109Mb/s 27300Tx/s
END OF BLOCK SIZE INCREASE
That would mean it will take 20 years to reach Visa's transaction peak volume. Even with LN, we'll still have problem to reach the ultimate goal, which is worldwide fluid usage. Im just hoping solutions are found along the way.
In fact we don't need TX number increase, because there is not need for it. Of course Visa or Mastercard can process more transactions, because they are top dog companies with millions of clients.
Bitcoin is not that big, not yet. So their argument is invalid in my eyes.
Their main line of attack against Bitcoin is their undeniable superiority of volume of transactions per second. In the latest Gavin's approach which is 8mb increase every two years, we would have the following:
(B=bytes, b=bits, 500 bytes/Tx)
2016 8MB 0.1Mb/s 26Tx/s
2018 16MB 0.2Mb/s 53Tx/s
2020 32MB 0.4Mb/s 106Tx/s
2022 64MB 0.9Mb/s 213Tx/s
2024 128MB 1.7Mb/s 426Tx/s
2026 256MB 3.4Mb/s 853Tx/s
2028 512MB 6.8Mb/s 1700Tx/s
2030 1024MB 14Mb/s 3400Tx/s
2032 2048MB 27Mb/s 6800Tx/s
2034 4096MB 55Mb/s 13600Tx/s
2036 8192MB 109Mb/s 27300Tx/s
END OF BLOCK SIZE INCREASE
That would mean it will take 20 years to reach Visa's transaction peak volume. Even with LN, we'll still have problem to reach the ultimate goal, which is worldwide fluid usage. Im just hoping solutions are found along the way.
It is our current solution and it was introduced to please the masses. I think that bitcoin for not all that much popular to justify further and faster block size increase. (B=bytes, b=bits, 500 bytes/Tx)
2016 8MB 0.1Mb/s 26Tx/s
2018 16MB 0.2Mb/s 53Tx/s
2020 32MB 0.4Mb/s 106Tx/s
2022 64MB 0.9Mb/s 213Tx/s
2024 128MB 1.7Mb/s 426Tx/s
2026 256MB 3.4Mb/s 853Tx/s
2028 512MB 6.8Mb/s 1700Tx/s
2030 1024MB 14Mb/s 3400Tx/s
2032 2048MB 27Mb/s 6800Tx/s
2034 4096MB 55Mb/s 13600Tx/s
2036 8192MB 109Mb/s 27300Tx/s
END OF BLOCK SIZE INCREASE
That would mean it will take 20 years to reach Visa's transaction peak volume. Even with LN, we'll still have problem to reach the ultimate goal, which is worldwide fluid usage. Im just hoping solutions are found along the way.
In fact we don't need TX number increase, because there is not need for it. Of course Visa or Mastercard can process more transactions, because they are top dog companies with millions of clients.
Bitcoin is not that big, not yet. So their argument is invalid in my eyes.
Their main line of attack against Bitcoin is their undeniable superiority of volume of transactions per second. In the latest Gavin's approach which is 8mb increase every two years, we would have the following:
(B=bytes, b=bits, 500 bytes/Tx)
2016 8MB 0.1Mb/s 26Tx/s
2018 16MB 0.2Mb/s 53Tx/s
2020 32MB 0.4Mb/s 106Tx/s
2022 64MB 0.9Mb/s 213Tx/s
2024 128MB 1.7Mb/s 426Tx/s
2026 256MB 3.4Mb/s 853Tx/s
2028 512MB 6.8Mb/s 1700Tx/s
2030 1024MB 14Mb/s 3400Tx/s
2032 2048MB 27Mb/s 6800Tx/s
2034 4096MB 55Mb/s 13600Tx/s
2036 8192MB 109Mb/s 27300Tx/s
END OF BLOCK SIZE INCREASE
That would mean it will take 20 years to reach Visa's transaction peak volume. Even with LN, we'll still have problem to reach the ultimate goal, which is worldwide fluid usage. Im just hoping solutions are found along the way.
(B=bytes, b=bits, 500 bytes/Tx)
2016 8MB 0.1Mb/s 26Tx/s
2018 16MB 0.2Mb/s 53Tx/s
2020 32MB 0.4Mb/s 106Tx/s
2022 64MB 0.9Mb/s 213Tx/s
2024 128MB 1.7Mb/s 426Tx/s
2026 256MB 3.4Mb/s 853Tx/s
2028 512MB 6.8Mb/s 1700Tx/s
2030 1024MB 14Mb/s 3400Tx/s
2032 2048MB 27Mb/s 6800Tx/s
2034 4096MB 55Mb/s 13600Tx/s
2036 8192MB 109Mb/s 27300Tx/s
END OF BLOCK SIZE INCREASE
That would mean it will take 20 years to reach Visa's transaction peak volume. Even with LN, we'll still have problem to reach the ultimate goal, which is worldwide fluid usage. Im just hoping solutions are found along the way.
While I don't believe we will ever see the end of Companies of Credit Cards as we know them, increasing competition from bitcoin and other new systems will hopefully put pressure on them to offer a better service.
This is just sad. I got a Neteller Net+ card because they allowed instant funding with bitcoin which makes it easy for spending. A week or two later, they cancelled the ability to spend bitcoin funds because MasterCard asked them to stop. It's insane.
bitcoins is getting the space on the top and most know payments processors.... master is the first to try to block bitcoin .... then visa paypal they will try it ,otherwise they will start to compete with bitcoin low fees to keep alive,but im pretty sure no all people will use bitcoin but a large part will do soo would mean a loss to them.
Good news, mastercard is getting worried about Bitcoin.
http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/
Good luck with that Mastercard. You can try to get your
politician friends to regulate a protocol but I won't comply.
It is good publicity for Bitcoin, let them do it http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/
Quote
The "current blockchain process" doesn’t provide sufficient transparency, it says, and regulation should require all transactions to go through regulated and transparent administrators, which would be supervised by relevant domestic, European or global authorities.
Good luck with that Mastercard. You can try to get your
politician friends to regulate a protocol but I won't comply.
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