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Mastercard Denies Plans For BitCoin Credit Card
judgecorp writes "Reports that BitCoin is to issue a credit card have turned out to be false — or at least premature. Mastercard has denied there are any such plans and given details of the procedural barriers to creating such a card."
A worldwide, multi-billion dollar company doesn't want to help promote a new competitor that undercuts their price and their control over the global flow of money? I never saw that one coming!
Oh and also, bitcoin is 100% digital so any internet-capable device can send bitcoins anywhere in the world in under 10 minutes "to clear" time. So a plastic card would just help regulate it and add another layer of complication and control by an outside force. Not 1 single bitcoin user would have gone for such a product. This story had fake written all over it from the beginning.
Not by that definition, but yes most stock offers have "scammy" elements. Anyway, a stock is a bad example to make your point a stock is basically ownership of something. A bitcoin represents confidence and nothing else, without the confidence it is worth absolutely zero. Before you bring up other currencies, yes they are confidence based to but they are backed by their countries might and economy.