The outcry after a recent marketplace crackdown on games with adult content, seemingly due to pressure from payment processors, prompted Mastercard to release a brief statement Friday pushing back against recent headlines.
“Mastercard has not evaluated any game or required restrictions of any activity on game creator sites and platforms, contrary to media reports and allegations,” the company said, adding, “At the same time, we require merchants to have appropriate controls to ensure Mastercard cards cannot be used for unlawful purchases, including illegal adult content.”
This follows an open letter by the advocacy group Collective Shout addressed to executives at Paypal, Mastercard, Visa, and other companies, criticizing them for allowing the sale of “No Mercy” and other games that depict rape, incest, and child sexual abuse.
You’ve got it reversed. Nothing whose value increases long-term can be a good replacement for fiat currency, because then anyone with crypto will ask “should I buy this today when I know that everything will cost fewer coins next year?” and at the very best you get Japan’s Lost Decades forever.
That’s not to say that the average shitcoin would work better as a fiat currency than baseball cards, but they might not be doomed at the design stage – although they probably were to bring in the initial base of speculators who now need to find a bigger fool willing to trade something immediately usable for the shitcoin.