Post
Topic
Board Economics
Re: Recent advertisement for Visa - what a joke
by
jaysabi
on 04/09/2021, 21:22:40 UTC
I don't watch much TV on the TV itself nowadays, so I don't know if anyone has been talking about this ad or not:  https://www.youtube.com/watch?v=lbvl60_CZl8

"What a load of bullshit", I found myself saying aloud after witnessing that for the first time.  How can it be working for everyone when so many people in the world are unbanked?  And how much of the wording in that was deliberately chosen to mirror the kinds of things we say about Bitcoin?  It feels very much like a pre-emptive first strike on their part, possibly demonstrating some insecurities about the threat their business model now faces.

Anyone else get the sense they had crypto in mind when they wrote the script for it?

Not at all, honestly you’re really reaching hard to clutch at your pearls here. The simple fact remains that bitcoin isn’t used as a currency and it’s not particularly useful as a currency, and centralized networks like Visa will always work faster and better than bitcoin’s slow, expensive transactions. Which is fine, because again, no one should consider bitcoin a currency. If it wasn’t for the lambo dreams and memes, no one would even give a damn about crypto. The worl’s fascination with it is at a get rich quick scheme, and the technology interests a vast minority of the users.