Mastercard Presidents perspective on Bitcoin

Flashman

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Hodl!

Quote from: Sheldor333 on December 05, 2014, 05:23:35 PM

because they might lobby for something that would work to our disadvantage. That is how it works.

They might serve the ball, but we get to apply a different spin... i.e. "Level playing field then, ALL accepters of digitally or electronically transferred cash substitutes, should have full MSB license and do AML/KYC....otherwise pedos might be able to buy candy and duct tape with a stolen CC."

There's a hell of a lot of stuff they would like to propose that we can hold the mirror up for. Hell of a lot of stuff that "sounds like common sense" that we could throw at them. "15% tax on credit card tx to compensate law enforcement for assisting with stolen cards and fraud"

OrientA

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Quote from: raskul on December 06, 2014, 03:28:18 AM

he rambles on about moving to a cashless society.
what a genius idea.
BTC
welcome to the future!

Indeed digital coins are the future.

spiller

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... probably No Pants Grin

raskul

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he rambles on about moving to a cashless society.
what a genius idea.
BTC
welcome to the future!

kingkedi

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how long they wnat to earn by charges already they ruled the cards world like debit,credit.people prefer lesser charged ones but yet they have demand still because they cant be vanished i.e mastrcard cannot be eliminated completely i think

bitllionaire

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what could you wait for him to say about a technology that is better than his enterprise and it's free?

Sheldor333

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It's good that they notice us. It's bad that they see us a threat, because they might lobby for something that would work to our disadvantage. That is how it works.

saddampbuh

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fuck him

DGulari

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KawBet.com - Anonymous Bitcoin Casino & Sportsbook

Quote from: newflesh on December 05, 2014, 04:57:56 AM

lol this dude sounds a bit desperate, he's on the defensive all the way through the video.

When has MasterCard gone to great lengths to stop something in the past? - never.

Today, they've hired many lawyers and lobbyists to go to congress to stop Bitcoin. Now they are taking senior executives time making YouTube videos begging people to be worried about untrustworthy Bitcoin.

Bottom line: they are shitting bricks.

They know the end is near for their business methods.

Can't trust Bitcoin?! HA! Can't trust Visa/MasterCard. Bitcoin is a trustless system. There is no need to 'trust' anyone or anything. It just works.

On the other hand, you can trust MasterCard for sure - you can trust they are going to take a bunch of your money in fees. This is guaranteed.

I am laughing my head off as I did not expect this kind of desperation for several more years. Bitcoin is way ahead of what I imagined.

The funny thing is, this guy probably understands Bitcoin at a much higher level than his peers. This is why he is so worried and the others are just sitting around.

btcxyzzz

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Monero - secure, private and untraceable currency.

First they ignore you, then they laugh at you, then they fight you, then you win.

We're obviously in fight phase.

Death to thieves.

jcoin200

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I do think that one interesting point is that all the major players in banking/finance/payments are directly talking about bit coin and the idea of crypto currency. Whether in a positive or negative light, they are all taking note/taking action. I think this alone speaks volumes about the potential for bitcoin.

Notanon

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I guess the increasing ease of payment to merchants through simplified interfaces is starting to crank up the pressure a bit for them. In that case, good.

Elwar

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Viva Ut Vivas

Come on guys...hear the guy out.

Maybe we can make some compromises?

We could start charging 2% transaction fees (meet in the middle).

No more anonymity...I think that would be a nice gesture.

We could all put our full names, addresses, social security numbers along with our bitcoin keys and put it all in a central database to be hacked.

It's called respect for those who have paved the way for you. Try showing some.

And we could allow people to get paid in bitcoins from people who don't actually have bitcoins. But those people can get charged 18% for paying later (since they don't have enough money to pay up front).

jcoin200

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In other words:

We cant make money if you use bitcoin so we're going to try and smooth talk you out of it.

Daniel91

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LOL it seems that even MasterCard president is afraid of us:
This is good sight, really.
It seems that we are on the good way to replace MasterCard soon

When their users realize that they can send their money faster, more secure and without ridiculous bank fees, like wiuth Mastercard, it's obvious what they will choose!

Flashman

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Hodl!

Quote from: turvarya on December 05, 2014, 05:12:08 AM

Videos like this are just making me very confident about Bitcoin.

Yah, anybody who has any even slightly negative feelings about credit cards is gonna watch that and be all "BITCOIN!!!! GOTTA GET BITCOIN!!!"

... and anybody ambivalent to mildly happy with Mastercard is just gonna be puzzled, but it plants a seed.

Even anybody who is wildly ecstatic about Mastercard, is gonna cheer him on then next time they want to get lingerie or a "marital aid" as a surprise for their SO... they're gonna be all "Wait a freaking second, some degree of anonymity would actually be nice."

lontivero

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Amazing times are coming

LOL Why does somebody need to be anonymous?

raskul

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Quote from: Q7 on December 05, 2014, 08:17:46 AM

The more they complain about unfair advantage, the more people took notice of bitcoin. It's more like free advertising for us and indirectly that helps the btc price. Obviously we are moving in the right direction.

most definitely. however bitcoin never set out to be a threat, just an (better than equal) option.

Q7

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The more they complain about unfair advantage, the more people took notice of bitcoin. It's more like free advertising for us and indirectly that helps the btc price. Obviously we are moving in the right direction.

cryptogeeknext

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Bitcoin trolls back

Awesome thread is awesome! I liked the pics

Topic: Mastercard Presidents perspective on Bitcoin (Read 3378 times)