We're not consigned to jack shit. Visa and Mastercard don't control what movies I torrent or which sites I choose to visit. Hell, this could be the reason I decide to switch to Chase, as a conscious consumer. I'd argue, things are working exactly as intended.
The real blackpill is that all of these so-called payment layers are really just fancy fronts for sinister businesses. Terra, Solana, $BSV... each one of them is a wolf in sheep's clothing. Our government is run by professional scam artists, but I'd trust them with my money over literally any cryptocurrency, any day of the week. Don't just take my word for it though, the article you posted in the first place claims that the vast majority of people don't trust cryptocurrency.
Visa and Mastercard exert decisive control over the largest distribution channels of socially marginal commercial content (e.g. porn).
I don't believe it's socially healthy for content that the largest financial intermediaries reject to be relegated to non-commercial fringe distribution channels like Piratebay. Without commercial viability, such content will be starved of funding and be further marginalized.
>>Terra, Solana, $BSV.
These are amongst the most disreputable cryptos, particularly Terra and BSV. They are not at all representative of mainstay cryptocurrencies.
Overall, it's better that consumers have a choice from a wide range of financial intermediaries than that they have their choices limited to Visa and Mastercard.
Consumers do have a choice from a wide range of financial intermediaries. Visa and Mastercard just won, and cryptocurrency doesn't put up a good fight against them.
If Visa/MC won, that means the other choices are vanquished, and consumers don't have a broad set of choices.
If cryptocurrency succeeds at becoming one of the options that is universally available, then financial intermediaries will no longer wield disproportionate influence on what people can spend their money on.
7 comments
[ 2.8 ms ] story [ 24.2 ms ] thread"Visa and Mastercard are Trying to Dictate What You Can Watch on Pornhub"
https://www.eff.org/deeplinks/2020/12/visa-and-mastercard-ar...
The real blackpill is that all of these so-called payment layers are really just fancy fronts for sinister businesses. Terra, Solana, $BSV... each one of them is a wolf in sheep's clothing. Our government is run by professional scam artists, but I'd trust them with my money over literally any cryptocurrency, any day of the week. Don't just take my word for it though, the article you posted in the first place claims that the vast majority of people don't trust cryptocurrency.
I don't believe it's socially healthy for content that the largest financial intermediaries reject to be relegated to non-commercial fringe distribution channels like Piratebay. Without commercial viability, such content will be starved of funding and be further marginalized.
>>Terra, Solana, $BSV.
These are amongst the most disreputable cryptos, particularly Terra and BSV. They are not at all representative of mainstay cryptocurrencies.
Overall, it's better that consumers have a choice from a wide range of financial intermediaries than that they have their choices limited to Visa and Mastercard.
If cryptocurrency succeeds at becoming one of the options that is universally available, then financial intermediaries will no longer wield disproportionate influence on what people can spend their money on.