Topic: Mastercard hired 5 lobbyists to slam bitcoin in US Congress (Read 3122 times)
We kind of knew this was where it was headed, the moment we heard lobbyists from MasterCard were in Washington. They obviously want to squash anything that poses a legitimate threat to their bottom line. It wouldn't surprise me, if all the terrorist talk (in relation to BTC), is partly as a result of Mastercard lobbyists.
Frankly, I am surprised this didn't happen a year or more ago. Perhaps the MC executives thought "beanie babies". I would not be surprised.
Also - The use of Mastercard and Visa as a weapon against Putin shows the problem with centralization. Now MC and Visa are going to take huge hits over it. Not that I particularly care as I find credit systems like these to be leeches upon society.
I think all this thread will do is help btc more than hurt it all its doing is hurting ccs and proving Russia is not against btc ( at least not overly aggressive about it)
MC can probably do a lot to suppress the exchange value of bitcoins. They're a huge centralized corporation that can bring huge resources to bear on a well thought out, organized plan to influence laws and regulations and make bitcoins less useful / more difficult for regular people.
Might it be wise to try to pool our resources and have an organized response? Oh, wait, we did that...the Bitcoin Foundation has been making the connections with the people who will decide on how the other 98% of people who aren't as computer savvy as we get access to bitcoins.
Might it be wise to try to pool our resources and have an organized response? Oh, wait, we did that...the Bitcoin Foundation has been making the connections with the people who will decide on how the other 98% of people who aren't as computer savvy as we get access to bitcoins.
Here's the most important part
"Two weeks later, members of the House Appropriations Committee announced they have concerns with “virtual currencies like bitcoin” and are awaiting a briefing from the FBI regarding criminals and terrorists using virtual currencies to illegally launder and transfer money.
Lobbyist at work!"
Forget NASCAR, crowdfund Lobbyists bitcoiners.
lets just Get it done !? Simply brilliant "Two weeks later, members of the House Appropriations Committee announced they have concerns with “virtual currencies like bitcoin” and are awaiting a briefing from the FBI regarding criminals and terrorists using virtual currencies to illegally launder and transfer money.
Lobbyist at work!"
Forget NASCAR, crowdfund Lobbyists bitcoiners.
The thing that's worrying about this is that these guys have a chance of succeeding.
5 people with money supplied by a wealthy financial institution could do a lot more damage than all the 120,000 well-intentioned guys in this thread.
If programmers can't evolve their software faster than legislators can evolve their laws, they aren't very good programmers.5 people with money supplied by a wealthy financial institution could do a lot more damage than all the 120,000 well-intentioned guys in this thread.
Let the US Congress make Bitcoin illegal.
It will simply mean that the pace of innovation will increase.
If the US Congress makes Bitcoin illegal, it's pretty obvious they're trying to make a profit out of it, too. Limiting the range of sellers will increase the range of buyers everyday. It's basically what the Gov did with Marijuana. Legalize it to get a benefit out of it.
The thing that's worrying about this is that these guys have a chance of succeeding.
5 people with money supplied by a wealthy financial institution could do a lot more damage than all the 120,000 well-intentioned guys in this thread.
If programmers can't evolve their software faster than legislators can evolve their laws, they aren't very good programmers.5 people with money supplied by a wealthy financial institution could do a lot more damage than all the 120,000 well-intentioned guys in this thread.
Let the US Congress make Bitcoin illegal.
It will simply mean that the pace of innovation will increase.
Here's the most important part
"Two weeks later, members of the House Appropriations Committee announced they have concerns with “virtual currencies like bitcoin” and are awaiting a briefing from the FBI regarding criminals and terrorists using virtual currencies to illegally launder and transfer money.
Lobbyist at work!"
Forget NASCAR, crowdfund Lobbyists bitcoiners.
"Two weeks later, members of the House Appropriations Committee announced they have concerns with “virtual currencies like bitcoin” and are awaiting a briefing from the FBI regarding criminals and terrorists using virtual currencies to illegally launder and transfer money.
Lobbyist at work!"
Forget NASCAR, crowdfund Lobbyists bitcoiners.
That's the government that rules us. It's bought and paid for by the unscrupulous. The greed or the ignorance of lawmakers is their target. They will try to kill technology that has the real potential of ushering in a better lifestyle for billions of people around the globe. That is what they are deliberately trying to do and they could succeed or at least impede its growth.
they will try fight it but bitcoin is such revolution it will be easiest and best international payment system no matter what
The thing that's worrying about this is that these guys have a chance of succeeding.
5 people with money supplied by a wealthy financial institution could do a lot more damage than all the 120,000 well-intentioned guys in this thread.
5 people with money supplied by a wealthy financial institution could do a lot more damage than all the 120,000 well-intentioned guys in this thread.
I doubt that is going to persuade a judge.
The reading comprehension is weak with this one.Anyway, the only lobbyists working to counter the work of MasterCard are those employed by the bitcoin foundation. Considering how loony and in tatters the bitcoin community is MC has a good chance of winning their arguments and writing the policy you and I will have to live with.
I doubt that is going to persuade a judge.
The reading comprehension is weak with this one.Anyway, the only lobbyists working to counter the work of MasterCard are those employed by the bitcoin foundation. Considering how loony and in tatters the bitcoin community is MC has a good chance of winning their arguments and writing the policy you and I will have to live with.
I doubt that is going to persuade a judge.
The reading comprehension is weak with this one. Let the honey badger do its work. The problem will take care of itself
This, the govs of this world are snakes all of them. Have you seen what the honey badger does to snakes? Its going to eat Putin take a nap than eat up Obama and Harper in one go.
I may choose to ignore the laws I disagree with. But when I'm in court that is not going anywhere.
Obviously if you end up in court you're doing it wrong.See this thread: https://lwn.net/Articles/598061/
http://www.forbes.com/sites/perianneboring/2014/05/09/secs-investor-warning-on-bitcoin-could-stifle-innovation/
What a load of crap. Why does MasterCard truly want to push down bitcoin? Is it because they are concerned for the good of people? Or is it they don't want competition?
How could such a thinly veiled plan be effective? Can congress be so dumb that they accept this bias position of MasterCard in their attempt to squeeze competition?
Unfucking-believable that they are allowed to do this.
Of course, bitcoin has no lobbyists.
What a load of crap. Why does MasterCard truly want to push down bitcoin? Is it because they are concerned for the good of people? Or is it they don't want competition?
How could such a thinly veiled plan be effective? Can congress be so dumb that they accept this bias position of MasterCard in their attempt to squeeze competition?
Unfucking-believable that they are allowed to do this.
Of course, bitcoin has no lobbyists.
I can tell you one thing is for sure. The lobbyists working for Master Card don't have any interests for what is good for the average person that uses that the regulations will effect. They work for the bankers and history has shown what their intentions are.
Instead of lobbying, they should implement bitcoin into their plastic cards. A plastic card is cheaper than a smartphone.
That will be that smart thing to do!But they can't think smart now,are scared and trying to get rid of competition.Mastercard is digging it own grave. 
http://www.forbes.com/sites/perianneboring/2014/05/09/secs-investor-warning-on-bitcoin-could-stifle-innovation/
What a load of crap. Why does MasterCard truly want to push down bitcoin? Is it because they are concerned for the good of people? Or is it they don't want competition?
How could such a thinly veiled plan be effective? Can congress be so dumb that they accept this bias position of MasterCard in their attempt to squeeze competition?
Unfucking-believable that they are allowed to do this.
Of course, bitcoin has no lobbyists.
What a load of crap. Why does MasterCard truly want to push down bitcoin? Is it because they are concerned for the good of people? Or is it they don't want competition?
How could such a thinly veiled plan be effective? Can congress be so dumb that they accept this bias position of MasterCard in their attempt to squeeze competition?
Unfucking-believable that they are allowed to do this.
Of course, bitcoin has no lobbyists.
I can tell you one thing is for sure. The lobbyists working for Master Card don't have any interests for what is good for the average person that uses that the regulations will effect. They work for the bankers and history has shown what their intentions are.
"First they ignore you, then they laugh at you, then they fight you, then you win." More and more true every day.
Well put. Looks like this may be a signal that they think they're ready to fight? I don't know what the future will bring but I'm ready for it to take it's course.
The Bitcoin Endgame.
Any business that wants economic freedom can register as a general contractor. They can circumvent money transferring laws by never actually touching and only negotiating payments to subcontractors transparently through the blockchain to similarly registered legal subcontractors. If you want to claim that anyone that doesn't have any money is a money launderer and a terrorist we will truly have a War on Poverty.
Any business that wants economic freedom can register as a general contractor. They can circumvent money transferring laws by never actually touching and only negotiating payments to subcontractors transparently through the blockchain to similarly registered legal subcontractors. If you want to claim that anyone that doesn't have any money is a money launderer and a terrorist we will truly have a War on Poverty.
We are working on something like this for a better type of exchange... keep your eyes peeled
Jump to: