Lobbying Firm Representing MasterCard Taking Up Bitcoin Issues in Washington

[windpath]

Lobbying Firm Representing MasterCard Taking Up Bitcoin Issues in Washington

http://newsbtc.com/2014/04/29/lobbying-firm-representing-mastercard-taking-bitcoin-issues-washington/

Update 4/30:
MasterCard’s lobbying focus in Washington will be on bitcoin

http://www.pfhub.com/mastercards-lobbying-focus-in-washington-will-be-on-bitcoin-628/

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[sclaggett]

Thanks for sharing this.  This is not surprising as all of the major payment players are engaging in a better understanding of how the Bitcoin marketplace will play out.  Clearly players like MasterCard want to make sure that rules that they have to abide by cannot be side stepped by Bitcoin offerings.

2014 will be the year of the most active regulatory review of Bitcoin at the Federal and State level in the United States and elsewhere in the world.  It would be interesting to know what people like Sen. Elizabeth Warren think about the subject in that she has been fairly negative on the current banking system.

[Jcw188]

Thanks for sharing this.  This is not surprising as all of the major payment players are engaging in a better understanding of how the Bitcoin marketplace will play out.  Clearly players like MasterCard want to make sure that rules that they have to abide by cannot be side stepped by Bitcoin offerings.

2014 will be the year of the most active regulatory review of Bitcoin at the Federal and State level in the United States and elsewhere in the world.  It would be interesting to know what people like Sen. Elizabeth Warren think about the subject in that she has been fairly negative on the current banking system.

I would think most regulation would have to happen at the federal level, when I was thinking it was a currency.  But then I thought about it and if it truly is "property" then I guess states could control/regulate it as well.

[d2dtk]

We need to form a lobbying group for Bitcoin to counter attack the so called Lobbying Firm

[superduh]

We need to form a lobbying group for Bitcoin to counter attack the so called Lobbying Firm

bitcoin foundation?

[franky1]

thank god america only equates to only 5% of the world population meaning that bitcoin businesses have 95% of the rest of the world to live and operate.

 if this lobbying effort is suppose to be about competition again mastercard, and an attempt to ban bitcoin. then once the dollar collapses mastercard is dead.

im thinking that mastercard knows the dollar is soon going to bust, and is maybe attempting to bring some positive features and uses of bitcoin into focus..

these are just opinions ofcourse and we will have to wait and see what the actual lobbying effort is about

[subcoin]

5% of population != 5% of world's business

But, yeah, screw those Yankees...

[franky1]

5% of population != 5% of world's business

But, yeah, screw those Yankees...

well if you subtract banks which i dont class as a business.. and also will be ot of business when dollar dies. subtract out other fiat institutions. then subtract the public sector pen pushing organisations that do no physical labour for no physical material value .. then you will realise that the amount of actual business doing physical labour for physical material gain in america is very low..

and when the dollar collapses many of those left in america will look into working from abroad. after all with transportation now being built and imported into america, fashion, and everything else. you will be quite srprised that the real reason america is not profitable (to cover debt) is because of lack of manufacturing/production within america, that is then exported.

without exports america is not gaining fresh monetary vale from other countries. it is either importing (giving other countries american wealth) or playing 'pass the parcel' game of just swapping hands between american hands. where there is no wealth creation, just a wealth transfer from poor to rich.

[minerpart]

im thinking that mastercard knows the dollar is soon going to bust, and is maybe attempting to bring some positive features and uses of bitcoin into focus..

It would be odd for Mastercard to promote Bitcoin in private (to legislators) but not in public. So obviously they want it regulated further or banned.

[bitcasino]

Warren Buffet-Berkshire Hathaway = 4,050,000 shares in MasterCard Inc
 

[Bit_Happy]

5% of population != 5% of world's business

But, yeah, screw those Yankees...

Careful, or we will free the sh^t out of your country.   

[BittBurger]

Clearly players like MasterCard want to make sure that rules that they have to abide by cannot be side stepped by Bitcoin offerings.

Here's the fun part:  They can regulate the shit out of 3rd party services all they like.   Bitcoin will still exist as a peer to peer network that people can use completely void of any regulation whatsoever.  Why do I write this?  Because there seems to be a misunderstanding that "Mastercard" is a company that has rules and "Bitcoin" is a newcomer company that "should have the same rules".   Not how it works, Mastercard.  Sorry.  Only the Mark Karpeles's's's of the world will have to follow your rules.  Bitcoin network itself will continue to exist outside of any rules.

-B-

[franky1]

im thinking that mastercard knows the dollar is soon going to bust, and is maybe attempting to bring some positive features and uses of bitcoin into focus..

It would be odd for Mastercard to promote Bitcoin in private (to legislators) but not in public. So obviously they want it regulated further or banned.

odd to keep future business plans and strategies a secret???
can you tell me Apples next big invention, afterall you must know all strategies as its in your public domain, but not mine apparently
can you tell me the 'secret' ingrediant to KFC chicken batter, as businesses you know of dont keep secrets.

but with all of that said. this is very much the truth:

Bitcoin network itself will continue to exist outside of any rules.

but i will want to see what mastercard proposes to stop businesses from trading bitcoin. i wish we could go back to the days when monopolizing a industry was not allowed and competitiveness was the mindset of man.

so far no bitcoin business accepts paypal or mastercard to buy bitcoins (well not any that can accept the risk legitimately). and as such mastercard would earn more profit by actually sorting out their chargeback system to make their card more appealing to non bitcoin business, aswell as getting bitcoin exchanged to offer mastercard payment methods also

[windpath]

Update 4/30:
MasterCard’s lobbying focus in Washington will be on bitcoin

http://www.pfhub.com/mastercards-lobbying-focus-in-washington-will-be-on-bitcoin-628/

[durrrr]

Isn't this going to be good for bitcoin since it's more public awareness ? I thought all that was good and it's not negative