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Visa and Mastercard exert decisive control over the largest distribution channels of socially marginal commercial content (e.g. porn). I don't believe it's soc
by ETH_start 4y ago
Visa and Mastercard exert decisive control over the largest distribution channels of socially marginal commercial content (e.g. porn).
I don't believe it's socially healthy for content that the largest financial intermediaries reject to be relegated to non-commercial fringe distribution channels like Piratebay. Without commercial viability, such content will be starved of funding and be further marginalized.
>>Terra, Solana, $BSV.
These are amongst the most disreputable cryptos, particularly Terra and BSV. They are not at all representative of mainstay cryptocurrencies.
Overall, it's better that consumers have a choice from a wide range of financial intermediaries than that they have their choices limited to Visa and Mastercard.
- smoldesu 4y agoConsumers do have a choice from a wide range of financial intermediaries. Visa and Mastercard just won, and cryptocurrency doesn't put up a good fight against them.
- ETH_start 4y agoIf Visa/MC won, that means the other choices are vanquished, and consumers don't have a broad set of choices. If cryptocurrency succeeds at becoming one of the options that is universally available, then financial intermediaries will no longer wield disproportionate influence on what people can spend their money on.