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I hate the visa/Mastercard duolopy and the way people attempt to use the networks to regulate things. Card networks should be an open carrier to all, not subjec
by mchusma 4y ago
I hate the visa/Mastercard duolopy and the way people attempt to use the networks to regulate things. Card networks should be an open carrier to all, not subject to political whims. It's just too dangerous to have payments anything other than a utility.
Child porn is very illegal, but the people who provide utilities to people who commit crimes should not be held responsible. There are thousands of people and businesses who "made money" off this, from the electric company, to the US government, to the Starbucks barista who got a tip from a worker.
The credit card duopoly is designed for regulatory capture, and it's a huge problem.