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kelnos on Aug 17, 2022 | parent | context | favorite | on: Can the Visa-Mastercard duopoly be broken?

Can we get through even one finance-related HN post without a content-free comment claiming cryptocurrencies will solve this problem? (Spoiler: they won't.)

fezfight on Aug 18, 2022 [–]

The question posed is can the visa-mastercard duopoly be broken. The answer is no.

Like all entrenched systems, the only way beyond them is to circumvent them. Circumventing the financial system is what bitcoin did.

So no, you can't solve it, but you don't need to.

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