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https://www.youtube.com/watch?v=bO4jHXjCXw8https://www.youtube.com/watch?v=bO4jHXjCXw8 (https://www.youtube.com/watch?v=bO4jHXjCXw8https://www.youtube.com/watch?v=bO4jHXjCXw8)


 ;D

Sounds like they are worried about losing their cut of the pie, RIP mastercard.

Please adjust your links...

and yes, I noticed

Comments are disabled for this video.

It is interesting to ask : "who is he speaking to"?  
Who is he trying to convince?  Does he want the consumer to avoid bitcoin?  Does he want a merchant to mistrust bitcoin?  No.  Neither of these.

He is actually speaking to himself.  He is trying to convince himself bitcoin is bad.  He knows he will lose his whole company very soon - so he is trying to convince himself of the evils of Bitcoin.

LOL does anyone also notice this looks like hes speaking in front of a mirror?

Video response: https://www.youtube.com/watch?v=oSt5f1IyaYE

Wow!

He doesn't even sound like he believes anything he's saying.

It's like his marketing firm wrote up a script, put him in front of a teleprompter, and said, "Here, read this."

On top of that, it is clear that the person that wrote that script put very little effort into understanding what they were writing about. Between the contradictions, the false statements, and the FUD I've seen less obvious trolls here at bitcointalk.

Are downvotes disabled for the video too?  Can't seem to make it go higher than 803!

Let the downvoting begin. There should be a way to do it on btctalk ;)

This isn't a surprise at all, MasterCard just want to be the only player on the market.

Bitcoin is gaining popularity as payment solution, and MasterCard knows that.

Scary thought if they consider what will happen to MasterCard if Bitcoin's global adoption really takes off.

If a new person looks at the video he might thing negative of bitcoin if he doesn't know much about the technology.
We need something big for bitcoin, to prove him wrong.

poor lad hasnae got a clue. 

The guy fails to come up with a single new idea. Everything he says has already been told years ago, and that hasn't stopped BTC from growing.

He's being groomed for a high level position at Goldman Sachs. This is their hazing ritual.

MasterCard fudding BTC? CLASSIC LOL!

I bet they are shaking in their boots. They know the end is near.  :)

"NOW, We at mastercard are not completely uuum comfortable with the idear of cryptocurrency largely because they go against the whole principle we have established our business on which is moving to a world beyond cash....."

I call BULLSHIT

Mastercards banks and other credit card companies established their company on the principles of Principal interest payments, huge transaction fees, membership fees, and any other fees they can scrounge up to fill their paper wallets with fiat and empty thier consumers paper wallets as quickly as possible.

What is the real problem Mastrcard has with Bitcoins

2008 Mastercard profit margin 59.9%
2013 Mastercard profit margin 36.5%

the Real problem Mastercard has with bitcoin is they stand to lose 4 Billion dollars a year of their consumers money they rake in profits from their fees, annual fees, transaction fees interest payments and any other fee thay can come up with.

It has nothing to do with Moving to a world beyond cash it has everything to do with mastercard execs moving to a world with NO CASH in their pockets anymore HAHAHA

I like how unsuccessfully he stifled a laugh when referring to Mastercard's "greater transparency, and security, and simplicity". :D

At least he makes his intentions plain at the end:

"I certainly don't want anybody mining technology or mining financial services away from my control."

Certainly.

Mastercard doesn't like bitcoin. Well there's a surprise. :D

Agree.

You can see it on his face.

He really seems like he's telling a BIG FAT LIE
at 4:16 when he says "Why does somebody
need to be anonymous".

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

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

BTC is a world of cash and beyond cash. It is a network, and foundation of new monetary system.

BOOM ;D they officiallly consider it as a Threat now.
Comments are disabled & they have +1k likes.


Wester Union , MasterCard.. Looking forward to see what's next ;D

Awesome thread is awesome! I liked the pics :)

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.

LOL Why does somebody need to be anonymous?

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."

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!

In other words:

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

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).

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.

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.

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.

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. 

fuck him

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.

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

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

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

http://images1.wikia.nocookie.net/__cb20110708043121/glee/images/e/e5/Sheldon_Dance_No_Pants.gif
... probably No Pants  ;D

Indeed digital coins are the future.

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"