Bitcoin Forum
November 18, 2017, 02:36:58 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Why The World Needs Bitcoin  (Read 734 times)
wormbog
Hero Member
*****
Offline Offline

Activity: 561



View Profile
May 16, 2013, 02:38:08 PM
 #1

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:

  • Charging customers an extra fee if they pay with V or M
  • Offer discounts to customers who use cheaper, alternative forms of payment
  • form buying groups to to give merchants more power when negotiating with V & M

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.
1511015818
Hero Member
*
Offline Offline

Posts: 1511015818

View Profile Personal Message (Offline)

Ignore
1511015818
Reply with quote  #2

1511015818
Report to moderator
1511015818
Hero Member
*
Offline Offline

Posts: 1511015818

View Profile Personal Message (Offline)

Ignore
1511015818
Reply with quote  #2

1511015818
Report to moderator
1511015818
Hero Member
*
Offline Offline

Posts: 1511015818

View Profile Personal Message (Offline)

Ignore
1511015818
Reply with quote  #2

1511015818
Report to moderator
Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
tuliplover
Newbie
*
Offline Offline

Activity: 26



View Profile
May 16, 2013, 02:57:33 PM
 #2

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:

  • Charging customers an extra fee if they pay with V or M
  • Offer discounts to customers who use cheaper, alternative forms of payment
  • form buying groups to to give merchants more power when negotiating with V & M

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?
Gabi
Legendary
*
Offline Offline

Activity: 1078


If you want to walk on water, get out of the boat


View Profile
May 16, 2013, 02:59:26 PM
 #3

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:

  • Charging customers an extra fee if they pay with V or M
  • Offer discounts to customers who use cheaper, alternative forms of payment
  • form buying groups to to give merchants more power when negotiating with V & M

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?
Go check antitrust laws  Smiley
tuliplover
Newbie
*
Offline Offline

Activity: 26



View Profile
May 16, 2013, 03:11:11 PM
 #4

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:

  • Charging customers an extra fee if they pay with V or M
  • Offer discounts to customers who use cheaper, alternative forms of payment
  • form buying groups to to give merchants more power when negotiating with V & M

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?
Go check antitrust laws  Smiley

I have, and they are complete bunk.
kaiwahine
Newbie
*
Offline Offline

Activity: 28


View Profile
May 16, 2013, 03:39:35 PM
 #5

"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. Wink
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!