Pursuer
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Activity: 1638
Merit: 1163
Where is my ring of blades...
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June 13, 2015, 09:37:56 AM |
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If you think mastercard cares about bitcoin you really need to do a reality check guys.
then why are they making a public statement about it? Of course they care about bitcoin, they care more they are willing to admit, about blockchain and other forms of cryptocurrency and payments. Bitcoin is a direct competitor of MasterCard. Now you can see that they noticed grow of bitcoin an started to take actions. It is better to start campaign against BTC while bitcoin is not totally mainstream and user base is not that big, if they wait it can be too late. they want to stop bitcoin from growing and replace their system. so they are attacking it while it is small and vulnerable. but they care about bitcoin if it ever gets out of hand and starts being big and then they start issuing MasterCards 2.0 which implements bitcoin  |
Only Bitcoin
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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okae
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northern exposure
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June 13, 2015, 11:12:31 AM |
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more and more news about it everyday  i love it, and now is mastercad who are "scared" about it, thats a pretty good news for us, yes? i dont know whast their real intentions with all those news, but for me looks like they are moving slowly to take carea bout whats is comming. |
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Chomsky
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June 13, 2015, 12:28:26 PM |
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I was wondering when this was going to happen. I wonder how much money they're going to now spend lobbying their anti-bitcoin agenda?
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ragi
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June 13, 2015, 12:38:44 PM |
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I was wondering when this was going to happen. I wonder how much money they're going to now spend lobbying their anti-bitcoin agenda?
Maybe they're just blowing smoke. They make money from all these bitcoin mastercards. |
no.
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Hollingsworth
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June 13, 2015, 01:53:17 PM |
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Mastercard might be critical of bitcoin, but one would assume they are experimenting and trial testing the blockchain concept.
Ripple reportedly has 30 banks and remittance providers like western union testing their technology. They are soon to be the first KYC/AML compliant crypto, after a recent fincen fine.
The technology that bitcoin represents is too valuable for mainstream financial institutions to ignore. I suspect they will all either adopt a centralized version (like Ripple) or create their own blockchain / distributed ledger.
Not advocating if that's good or bad, but seems to be the reality were heading towards.
My 2 satoshis,
H.
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Herbert2020
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Activity: 1946
Merit: 1137
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June 13, 2015, 02:29:37 PM |
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reading the other users comments, i realized that many bitcoin users believe that this was a good news and showed that they are scared of bitcoin and think it can replace them.
but my question is, how would other people who do not use bitcion or know about bitcoin will think when hearing this news? it is not going to be a positive thought as we have.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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ranochigo
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Activity: 2954
Merit: 4166
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June 13, 2015, 02:36:42 PM |
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reading the other users comments, i realized that many bitcoin users believe that this was a good news and showed that they are scared of bitcoin and think it can replace them.
but my question is, how would other people who do not use bitcion or know about bitcoin will think when hearing this news? it is not going to be a positive thought as we have.
If they aren't clever enough to realise that mastercard and bitcoin both are payment systems, they shouldn't be trying about Bitcoin anyway. We already have plenty of news outlets spreading negative falsified information about Bitcoin. If they are truly interested, they should be learning about it themselves instead of believing sources from news outlets/competitors. |
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operrajunk74
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June 13, 2015, 03:30:19 PM |
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reading the other users comments, i realized that many bitcoin users believe that this was a good news and showed that they are scared of bitcoin and think it can replace them.
but my question is, how would other people who do not use bitcion or know about bitcoin will think when hearing this news? it is not going to be a positive thought as we have.
If they aren't clever enough to realise that mastercard and bitcoin both are payment systems, they shouldn't be trying about Bitcoin anyway. We already have plenty of news outlets spreading negative falsified information about Bitcoin. If they are truly interested, they should be learning about it themselves instead of believing sources from news outlets/competitors. Bad news travels faster then the good news and that is the situation in every country people often are more interested in following the bad news as compared to good news and that is the reason why bitcoin is facing trouble from the society. The people who are aware about the bitcoin they will stand in support of bitcoin. |
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Amph
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Activity: 3206
Merit: 1069
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June 13, 2015, 04:20:53 PM |
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If you think mastercard cares about bitcoin you really need to do a reality check guys.
then why are they making a public statement about it? Of course they care about bitcoin, they care more they are willing to admit, about blockchain and other forms of cryptocurrency and payments. Bitcoin is a direct competitor of MasterCard. Now you can see that they noticed grow of bitcoin an started to take actions. It is better to start campaign against BTC while bitcoin is not totally mainstream and user base is not that big, if they wait it can be too late. they want to stop bitcoin from growing and replace their system. so they are attacking it while it is small and vulnerable. but they care about bitcoin if it ever gets out of hand and starts being big and then they start issuing MasterCards 2.0 which implements bitcoin bitcoin shoul not be considered a threat yet, it's still a niche market, they are just covering their ass because of all the recent good news, that might have an impact in the future, so their concerns aren't for the present, but most likely for the future |
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Possum577
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June 13, 2015, 04:42:04 PM |
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Mastercard doesn't realize that bitcoin transactions already go through "regulated and transparent administrators," the blockchain!
Bitcoin is definitely a threat to Mastercard, but only if they decide to not allow transactions with the currency that is bitcoin. Part of the challenge is that they can't run their business as safely or within the rules of government if they start dealing in bitcoin in large volumes. Mastercard has never been an innovative company, their Ad Agency is very innovative, but not their actual services. And from a a business perspective, if Mastercard isn't willing to innovate it is cheaper for them to try to discredit bitcoin in the media (with hopes that it doesn't take off) rather than evolved to meet the demand.
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torrentheaven
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June 13, 2015, 05:04:58 PM |
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reading the other users comments, i realized that many bitcoin users believe that this was a good news and showed that they are scared of bitcoin and think it can replace them.
but my question is, how would other people who do not use bitcion or know about bitcoin will think when hearing this news? it is not going to be a positive thought as we have.
Each and everything needs a publicity. The people who are using it they don't have to worried about it and those who are not aware about the bitcoins now they will come to know through media after the allegations from mastercard and they will start knowing what bitcoin is and if they find it suitable for themselves they will start accepting it; |
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Kaneki
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June 13, 2015, 05:29:05 PM |
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Convenience offered Bitcoin become a serious rival to mastercard on trying than complicate bitcoin regulation,Mastercard trying better to make inovasi or new event to attract consumers.
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umaOuma
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June 13, 2015, 07:28:30 PM |
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Convenience offered Bitcoin become a serious rival to mastercard on trying than complicate bitcoin regulation,Mastercard trying better to make inovasi or new event to attract consumers.
That is true but master card is just an payment system it is not a currency like bitcoins so I do not understand why they are attacking bitcoins as the customer segments are different for both the products and people who believes in paying by card they would generally prefer master card and not bitcoins. |
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nerFohanzo
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June 13, 2015, 08:35:48 PM |
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Convenience offered Bitcoin become a serious rival to mastercard on trying than complicate bitcoin regulation,Mastercard trying better to make inovasi or new event to attract consumers.
That is true but master card is just an payment system it is not a currency like bitcoins so I do not understand why they are attacking bitcoins as the customer segments are different for both the products and people who believes in paying by card they would generally prefer master card and not bitcoins. Yes and I don't understand why people are making issue out of it. It is not that big news that it will change the lives of the people who are using master card and bitcoins. It would sereously won't affect anyone neither the master card nor the bitcoin community as people will go with the products they are used to it. |
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Fabrizio89
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June 13, 2015, 08:39:28 PM |
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Because in their opinion it's much more probable that one day they will say "we told you about that btc thing, we are the only one you can trust, see?" instead of something like "we told you it was the future".
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stromma44
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June 13, 2015, 09:25:11 PM |
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Because in their opinion it's much more probable that one day they will say "we told you about that btc thing, we are the only one you can trust, see?" instead of something like "we told you it was the future".
They are just spreading rumor in the blind. So that they would be on the safer side in the future if bitcoin doesn't work for the people so they want to play safe and want to tell the world that they already gave you a hint in the past no to go for bitcoins and that is the strategy master card is following right now. |
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Xenoph0bia
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June 13, 2015, 10:47:49 PM |
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reading the other users comments, i realized that many bitcoin users believe that this was a good news and showed that they are scared of bitcoin and think it can replace them.
but my question is, how would other people who do not use bitcion or know about bitcoin will think when hearing this news? it is not going to be a positive thought as we have.
Exactly there are more users of master card as compared to bitcoins. And I don't think it can make a difference to the master card customers as they are just trying to distract the mindset of people by spreading this news it will never affect the customer base of master card as a whole. |
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operrajunk74
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June 15, 2015, 08:06:26 PM |
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reading the other users comments, i realized that many bitcoin users believe that this was a good news and showed that they are scared of bitcoin and think it can replace them.
but my question is, how would other people who do not use bitcion or know about bitcoin will think when hearing this news? it is not going to be a positive thought as we have.
Mastecard is scared of loosing its customers to bitcoin and yes the customers who are tech advanced very well know that which product benefits them more and which is cost effective and they would switch to bitcoin once they know the benefits of bitcoin. |
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Jamil.Kamil
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June 15, 2015, 09:03:56 PM |
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Obviously Mastercard will blame Whole BTC systems it's very normal for them because them only and one headache which is BTC. Mastercard will try to manipulate people for keep and long term them business. Now they thinking BTC can easily getting all of them client which is for them becoming big headache. Any kinds of business can be beaten if other's can deployed better than that so it's obviously possible to attack Bitcoin whole systems by how.
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gentlemand
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Activity: 2590
Merit: 3013
Welt Am Draht
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June 15, 2015, 09:22:43 PM |
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I find this all somewhat strange, especially since there's been barely a peep out of Visa other than its old guard making positive noises.
They don't have to be anti it or even bother talking about it at all. Most people don't care.
If the time comes there's money to be made by them by integrating it or offering services on top of it, or it fades away and they carry on coining it. Everyone wins.
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