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RE: MasterCard Credit to hire 175 Blockchain people in Ireland — to work on “state/country based blockchain” — not decentralized global offers by builderofcastles

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Viewing a response to: @floridanow/mastercard-credit-to-hire-175-blockchain-people-in-ireland-to-work-on-state-country-based-blockchain-not-decentralized-global-07b53df564e6e

· @builderofcastles ·
It's interesting to watch how the govern-cements and old way companies...

completely miss the point about block-chain.
The things they think aren't important, are in fact the most important.
The aspects of the control they absolutely want to maintain are those that they absolutely need to give up.

These companies are doomed, because they cannot see.
They will say, we made something exactly like bitcoin, why doesn't anyone want to use it?
The difference to us will be even more apparent than fake gold vs real gold, and more meaningful.
My bet is that they won't even gold plate it.  They will truly try to offer us lead while we have gold.
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@floridanow ·
$1.14
The funny part is, Mastercard is invested in the Digital Currency Group which owns part of Coinbase and much more.  ( https://www.ccn.com/mastercard-digital-currency-group/ )There must be some very interesting global Mastercard strategy meetings. Very interesting times for sure.
👍  
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vote details (1)
@builderofcastles ·
Yep, trying their same old mode of CONTROL.
If we control the exchanges, we can control the flow of bitcoin.
Just like we own COMEX.

But, people are already starting to see fishy things happening in coinbase.
A huge group of people can't trade, because "the market is locked" but some trades are still happening...
So, decentralized exchanges and automic swaps will happen faster.

Mastercard and DCG could have made TONS of money by operating the above board exchange of choice, but because they are all about control, everyone will leave Coinbase.  It will become like the NYSE, where the floor is only for hosting TV shows.
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@floridanow ·
Agree...just a matter of time where decentralized exchanges offering free trades....cutting out the middleman. Many will still use the old way so they will still have a business.
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