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I say that in most of my past experiences I learned how to NOT do something, so when facing a similar scenario, I’d do them differently.

Iraq feelings

Democracy emerge? Good luck.

Venezuela had a democratic-ish government before they voted for Chavez.

On a side note, it was kind of strange watching the media dance around what Chavez was doing. When he first took power and started seizing money and power it was all framed as he is demolishing the corrupt institutions. Then as election irregularities started happening and the economy started failing, the blame was placed on the U.S for boycotting them.

Can you elaborate more on what you mean by that?


Why do I get a 403 when trying to read this? My IP is from Brazil, don’t see a reason to be geoblocked ¯\_(ツ)_/¯



Look into Ménière’s disease . I got diagnosed recently and those are all triggers for it. When undergoing episodes I also have vertigo. There’s medication for controlling the bigger symptoms.


About a month ago this topic came up and I commented this about “just” creating a new Visa: https://news.ycombinator.com/item?id=44611807


That's true, but how did Visa and Mastercard come about in the first place, anyway? And could that ever be replicated again? Did they start with a small scope before expanding to be globally accepted?

There are services where you enter your username and password for your bank, and they log into your online banking for you, and make a giro transfer outwards, and they can confirm the transfer was sent because they sent it. Bank security departments don't like this, but they can't always do anything about it.


Look up “chargeback guarantee”. A lot of fraud vendors do this. Costs 2x or more though than the average transaction


You’re describing insurance on the merchants side. The post I was referring to described insurance on the consumer side.


> Costs 2x or more though than the average transaction

That's because they compete with credit card companies today. Make them more popular and I bet their costs would come down.


Visa and Mastercard are called card _networks_ for a reason. Wherever you are in the world, or in any site anywhere, if your card says Visa and the merchant’s POS machine (or payment gateway) take Visa, both parties know the transaction is good. The merchant gets his money and you get the product.

You get your card from your issuing bank, so the consumer’s last mile is the bank’s problem. The merchant get their POS/gateway from the acquirers. Your bank and the merchants acquirer don’t know each other.

Visa and Mastercard are intermediaries. There’s no way a NatWest card in the UK is connected to whatever POS is in Chile or whatever. They all route through the card brands.

This is why it’s so tough to break this monopoly.


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