[2014-12-02] CD: MasterCard Seeks 'Level Playing Field' for Bitcoin Regulation

[LiteCoinGuy]

MasterCard Seeks 'Level Playing Field' for Bitcoin Regulation

MasterCard has spoken out against bitcoin's perceived risks and called for regulators to create a "level playing field" for payments systems.

The statements were made as part of an ongoing Australian inquiry into digital currencies, headed by the Senate Standing Committee on Economics.

http://www.coindesk.com/mastercard-seeks-level-playing-field-bitcoin-regulation/

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[TraderTimm]

Remember, business-speak for "level playing field" really means "cripple the shit out of our competitor before it kills our business model."

This is why the Bitcoin Foundation and any attempt to engage government on regulation is a mistake. They're all on the payroll, and know precisely what they'd like for x-mas, a nice big lobbying "donation" or perhaps a few "perks" for voting a certain way.

This crap is all corrupt to the core, and pretending that government gives a shit about you and me is a complete joke.

[bitcool]

Pure garbage. Does MasterCard want the government to track every piece of paper money, every gift card, and every ounce of gold too?  

For a system built on credit and debt like MasterCard, they can't afford anonymity even if they want to.  "Level Playing Field" here means "play by my rules".  

First they ignore you ..... then they fight you, then they fight you desperately ...  

They are running scared, really scared.

[fryarminer]

Level playing field??

HAHAHAHAHAHAHA!!!!!!!!!!!

[gogxmagog]

Ikr? I laughed out loud when I saw the headline. Makes me wonder why they even announce this stuff. They must realize it makes them look threatened? Those guys don't wipe their ass before running a focus group. Just wow