The Youtube shills are celebrating the news that Mastercard will allow people to pay in crypto. Some dummies may think this is a good thing because it is a hassle to offload crypto into fiat the right way (through P2P, no KYC). Mastercard accepting crypto keeps you from this inconvenience, but you can bet you'll be robbed on sales tax in the future and Mastercard "processing fees." That's coming, you can bet.
It's crazy because there is literally no reason for a middleman to take fees from you in order for you to spend crypto. The entire point of crypto is to delete the middlemen and all of their fees and stupid regulations. I absolutely love the fact that Mastercard is about to tell noobs how they can spend their crypto just like Paypal is telling people they can't own their own bitcoin. Hilarious.
The news is bullish for the space, because this is sure to onboard more useful idiots and pump the price of our bags. But will you give Mastercard your crypto because it will be convenient? First of all, think of the reason that Mastercard is offering this feature. They know, like all financiers and payment gateways at this point, that fiat is shit. They don't want it. They want, like everyone else in the know, scarce assets. That's not just BTC, but every altcoin with a cap — even useless ones with little development like Litecoin. Every single one of those cryptos in the top 1000 is more valuable than fiat now, and will become more valuable as time goes on and the dollar is debased (if they don't go to 0, lol).
So will you give Mastercard your crypto, a scarce asset that doesn't come back, or will you hand over your ever more useless fiat, which governments are giving away free right now because they don't even want it? Nobody wants the dollar! Everybody wants crypto! Do the math!
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