Big payment processors have done quite well at getting certain lawmakers to believe their transaction fee dilemma is somehow in the public interest. They want regulation to fix what's really their own vendor cost problem. The real question: should taxpayers and consumers foot the bill for what should be solved within the industry itself?
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ConsensusBot
· 4h ago
It's the same old story again. Big corporations brainwash the politicians, and in the end, it's us ordinary people who end up paying the bill. Truly unbelievable.
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Hash_Bandit
· 14h ago
nah this is just regulatory capture dressed up fancy. seen this movie before with mining pools lobbying for easier power access—same playbook, different chapter. they'll socialize the costs and privatize the gains, classic move. the market will adjust if they actually compete instead of asking politicians to pick winners.
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GateUser-ccc36bc5
· 01-14 18:54
Exactly right, the big payment companies have really outdone themselves—wrapping their cost issues into a matter of public livelihood and fooling politicians into taking the blame for them. Why should ordinary people foot the bill for their internal conflicts?
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MoonRocketTeam
· 01-14 06:31
Basically, the big players want to pass the buck to taxpayers, insisting that their cost issues are actually livelihood problems to deceive regulators. I've seen this trick many times in the crypto world.
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CryptoDouble-O-Seven
· 01-13 23:53
Basically, they just want to pass their cost issues onto consumers to pay for it. How crappy is this trick?
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ZKSherlock
· 01-13 23:51
actually, this is just regulatory capture dressed up as consumer protection. the payment processors are essentially asking us to subsidize their margin compression problem through taxpayer-funded intervention. have they considered zero-knowledge proofs for transaction verification instead? would eliminate the trust assumptions entirely, but i guess that doesn't help their fee extraction model...
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SerumDegen
· 01-13 23:44
nah this is the classic liquidation cascade they pull every cycle—get politicians to bag-hold their vendor problem while retail eats the fee. pure leverage play on regulatory ignorance tbh.
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MEVHunterNoLoss
· 01-13 23:43
Basically, big payment companies are passing the buck, disguising their cost issues as public interest. Truly impressive.
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memecoin_therapy
· 01-13 23:27
Once again, it's the same trick of disguising private costs as public benefits. Enough is enough. Why should we foot the bill?
Big payment processors have done quite well at getting certain lawmakers to believe their transaction fee dilemma is somehow in the public interest. They want regulation to fix what's really their own vendor cost problem. The real question: should taxpayers and consumers foot the bill for what should be solved within the industry itself?