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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MoonRocketTeam
· 2h ago
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
· 8h ago
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
· 8h ago
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
· 9h ago
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
· 9h ago
Basically, big payment companies are passing the buck, disguising their cost issues as public interest. Truly impressive.
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memecoin_therapy
· 9h ago
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?