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RE: Mastercard CEO Calls Bitcoin "Junk" As BTC On Verge of Surpassing His Loan Shark Operation In Value

in #bitcoin7 years ago

Let's see. Fiat currency can be manipulated, thus devaluing said currency. Governments can take your money for no reason and not give it back.
Banks can steal your money and under new rules don't have to give any back.
Banks do charge you money to get your own money out of the bank.
Credit card companies can increase your interest rates without warning, and then can chase you for years to get the money back.
But if you can't control the currency and it can be traded over the internet, thus bypassing the banks and credit companies, then they can't control it or tax it.
And we all know that the government must have it's pound of flesh.