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Title: Why The World Needs Bitcoin Post by: wormbog on May 16, 2013, 02:38:08 PM Yesterday I got a Notice of Class Action Settlement in the mail. It described a $6 billion dollar settlement against Visa and Mastercard. Their crime? Forcing users of their payment networks to pay excessive fees in violation of federal antitrust laws. The victims include any merchant who accepted Visa or Mastercard between 2004 and 2012.
Details of the settlement are also online here: https://www.paymentcardsettlement.com/en Our primary payment service providers have been actively and illegally ripping us off for years now. Even worse, V & M have used their position as a must-have payment option to force merchants to obey the rules or risk being kicked out of their network. For examples, V & M made merchants sign agreements specifically preventing them from:
Thankfully the federal judge ruling on the case saw the truth and ruled in favor of the people in this case. As you're watching bitcoin's exchange rate rise and fall today, remember the bitcoin is more than just an investment opportunity. It's an engine of financial revolution of a worldwide scale. The largest of the existing payment networks on the planet are actively, knowingly, and illegally screwing people out of their money. Bitcoin is our best hope to stop them in their tracks. Title: Re: Why The World Needs Bitcoin Post by: tuliplover on May 16, 2013, 02:57:33 PM Yesterday I got a Notice of Class Action Settlement in the mail. It described a $6 billion dollar settlement against Visa and Mastercard. Their crime? Forcing users of their payment networks to pay excessive fees in violation of federal antitrust laws. The victims include any merchant who accepted Visa or Mastercard between 2004 and 2012. Details of the settlement are also online here: https://www.paymentcardsettlement.com/en Our primary payment service providers have been actively and illegally ripping us off for years now. Even worse, V & M have used their position as a must-have payment option to force merchants to obey the rules or risk being kicked out of their network. For examples, V & M made merchants sign agreements specifically preventing them from:
Thankfully the federal judge ruling on the case saw the truth and ruled in favor of the people in this case. As you're watching bitcoin's exchange rate rise and fall today, remember the bitcoin is more than just an investment opportunity. It's an engine of financial revolution of a worldwide scale. The largest of the existing payment networks on the planet are actively, knowingly, and illegally screwing people out of their money. Bitcoin is our best hope to stop them in their tracks. Did V & M put guns to the merchants' heads to sign the contracts? Not providing a service has become a use of force now? Title: Re: Why The World Needs Bitcoin Post by: Gabi on May 16, 2013, 02:59:26 PM Yesterday I got a Notice of Class Action Settlement in the mail. It described a $6 billion dollar settlement against Visa and Mastercard. Their crime? Forcing users of their payment networks to pay excessive fees in violation of federal antitrust laws. The victims include any merchant who accepted Visa or Mastercard between 2004 and 2012. Details of the settlement are also online here: https://www.paymentcardsettlement.com/en Our primary payment service providers have been actively and illegally ripping us off for years now. Even worse, V & M have used their position as a must-have payment option to force merchants to obey the rules or risk being kicked out of their network. For examples, V & M made merchants sign agreements specifically preventing them from:
Thankfully the federal judge ruling on the case saw the truth and ruled in favor of the people in this case. As you're watching bitcoin's exchange rate rise and fall today, remember the bitcoin is more than just an investment opportunity. It's an engine of financial revolution of a worldwide scale. The largest of the existing payment networks on the planet are actively, knowingly, and illegally screwing people out of their money. Bitcoin is our best hope to stop them in their tracks. Did V & M put guns to the merchants' heads to sign the contracts? Not providing a service has become a use of force now? Title: Re: Why The World Needs Bitcoin Post by: tuliplover on May 16, 2013, 03:11:11 PM Yesterday I got a Notice of Class Action Settlement in the mail. It described a $6 billion dollar settlement against Visa and Mastercard. Their crime? Forcing users of their payment networks to pay excessive fees in violation of federal antitrust laws. The victims include any merchant who accepted Visa or Mastercard between 2004 and 2012. Details of the settlement are also online here: https://www.paymentcardsettlement.com/en Our primary payment service providers have been actively and illegally ripping us off for years now. Even worse, V & M have used their position as a must-have payment option to force merchants to obey the rules or risk being kicked out of their network. For examples, V & M made merchants sign agreements specifically preventing them from:
Thankfully the federal judge ruling on the case saw the truth and ruled in favor of the people in this case. As you're watching bitcoin's exchange rate rise and fall today, remember the bitcoin is more than just an investment opportunity. It's an engine of financial revolution of a worldwide scale. The largest of the existing payment networks on the planet are actively, knowingly, and illegally screwing people out of their money. Bitcoin is our best hope to stop them in their tracks. Did V & M put guns to the merchants' heads to sign the contracts? Not providing a service has become a use of force now? I have, and they are complete bunk. Title: Re: Why The World Needs Bitcoin Post by: kaiwahine on May 16, 2013, 03:39:35 PM "Our primary payment service providers have been actively and illegally ripping us off for years now."
Yes, and until they can find a way to get a similar business going with Bitcoin, they'll continue to fight. ;) |