Time to pack it up

[hector3115]

MasterCard has just announced that Bitcoin is no good, last one to leave turn out the lights. LOL.

http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/

[lemipawa]

Huh! LOL. Of course MasterCard would attack Bitcoin, Bitcoin is competing with them, and they don't want to lose customers to Bitcoin.

[crazyearner]

To be fair with this type of introduction to master-card it will be a hard process to get them to accept it. Maybe Visa will see the light of Bitcoin but still it is early days to day end of for cards to start accepting it.

[SpanishSoldier]

MasterCard has just announced that Bitcoin is no good, last one to leave turn out the lights. LOL.

http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/

One of the main use of Bitcoin is an alternative to MasterCard & VISA. And you expect them to call it good ?

[Possum577]

Ha, so if MasterCard is out, you're out? Why?

I wouldn't stress the opinion of MasterCard, they're certainly not a leader in or leading innovation in payment processing. They could have determined that it's too expensive for them to get into so rather than say "we're weak and not going to pursue it" they're saying "it doesn't look good."

There would have to be many more firms saying "this is no good" with EVIDENCE for me to take an exit.

Have some faith!

[hector3115]

I was kidding I think its funny that MasterCard has decided that they are better than bitcoin.

They have no clue

[Pathi]

MasterCard has just announced that Bitcoin is no good, last one to leave turn out the lights. LOL.

http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/

OMG!!

Run for your life! See my signature for your only hope of saving anything!

[sdmathis]

Huh! LOL. Of course MasterCard would attack Bitcoin, Bitcoin is competing with them, and they don't want to lose customers to Bitcoin.

They don't have to be a competitor. MasterCard is nothing more than a payment processor. Bitcoin could easily fit their business model. Just imagine. MasterCard could be a pioneer and in the process, surpass VISA. Are you listening MasterCard?

[PenguinFire]

Huh! LOL. Of course MasterCard would attack Bitcoin, Bitcoin is competing with them, and they don't want to lose customers to Bitcoin.

They don't have to be a competitor. MasterCard is nothing more than a payment processor. Bitcoin could easily fit their business model. Just imagine. MasterCard could be a pioneer and in the process, surpass VISA. Are you listening MasterCard?

That would require thinking more than ONE month into the future.

[Beliathon]

MasterCard has just announced that Bitcoin is no good

In other news, bicycle messengers in the early 90s declared email to be a useless nerd tool that would never catch on.



The industry survives today, barely.

[Bitcoinpro]

MasterCard has just announced that Bitcoin is no good

In other news, bicycle messengers in the early 90s declared email to be a useless nerd tool that would never catch on.



The industry survives today, barely.

delivering miners

[lihuajkl]

The global market is changing. New technology and business module are coming out every day. If you don't act, you will be left behind forever.

[freeyourmind]

I don't think it's a big surprise that Mastercard would take a stance against Bitcoin.  It fits the normal corporate model to reject something new out of fear of losing existing business.  Adopting a model with cheaper transactions would cannibalize some of the revenues they currently make.

[Fernandez]

Bitcoin is not much good for payments so this doesn't bother me. I have always looked at it as some form of gold which is easy to keep and transfer.

[twister]

A competitor of Bitcoin saying it's no good, not surprising at all. It's good though that they bothered enough to give it a review. However,  I do think that in time the Transaction fee might increase as more restrictions are put in and maybe miners will ask to increase the Tx fees as the mining becomes less profitable after halvening.

[MicroGuy]

MasterCard has just announced that Bitcoin is no good, last one to leave turn out the lights. LOL.

http://www.coindesk.com/mastercard-digital-currencys-risks-outweigh-the-benefits/

Mastercard has convinced me that freedom from a greedy intermediary is not good for me. Guess it's time to give up these grand ideas.

[bryant.coleman]

Nothing new here, at least for me. These Mastercard guys have been bad mouthing on Bitcoin for the last 2-3 years or so, and I don't think that any of us take them seriously anymore. In my honest and humble opinion, first, they should protect their marketshare against Visa and American Express rather than bothering about BTC.

[ebliever]

The really stunning thing would be if they had admitted anything good about bitcoin. As it is their comments smack of desperation. They can see the handwriting on the wall.

[Kakmakr]

They will bash Bitcoin, because they opened up a competing technology. I think it is called MasterPay.
They are in the attack phase now, because the ignore strategy did not work. We are not going away, and we will disrupt their business model. Uhmmm we already did, for them to come up with this new instant payment system.

[fryarminer]

and that digital currencies are far more susceptible to hacking attacks.

MasterCard has no idea what it's talking about.