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Kurt Wuckert Jr, host of the CoinGeek Weekly Livestream, claims there is a hegemony over the BTC and general blockchain ecosystem by Mastercard, and he attempts to draw parallels to the constant breaking down of McDonald's milkshake machines t illustrate how manufacturers and enterprices can ensure that franchisees are incapable to "breaking the system". Say what?
McDonald's Milkshake Machines Corporate Conspiracy
"Did you know that McDonald’s ice cream machines have over 15% downtime? That’s dismal by any business standard, but it’s true! The biggest restaurant in the world has a terrible user experience with their ice cream machines where cleaning cycles are extremely finicky, and error codes are indecipherable to company employees leading to an incredible amount of downtime.
"The ice cream machines are manufactured by a company called “Taylor” since the early days of McDonald’s, and they have had a prosperous partnership. So prosperous, in fact, that Taylor manufactures the ice cream machines of Wendy’s, Chick-Fil-a and other major chains in such a way where they have exponentially less downtime.
"It’s true, Taylor makes an incredible amount of money selling service solutions to McDonald’s franchisees because the machines don’t work very well—by design. Their business model is to insert Taylor ice cream machines into McDonald’s restaurants under exclusive contract for the purpose of forcing them to have to rely on their centralized (and profitable) solutions for their constant breakage, guaranteeing control and profit forever due to complicated corporate structures. The spill-over benefits go to McDonald’s competitors in the form of more reliable machines.
"If franchisees want to switch solutions, the only option that the parent corporation allows is to switch to a software “upgrade” called “Powerhouse Dynamics,” which is owned by the parent company of Taylor (a firm called “Middleby”) so you can’t really escape the system. All roads lead to profit by the central planners of the system, and all to the detriment of the franchisees and the customers of McDonald’s."
So what does this have to do with Bitcoin?
According to Wuckert, Jr, “Bitcoin” Core (the repo, the team of devs, and everything else associated with BTC) is not decentralized. Nothing is decentralized, he claims.
Compare that with the BSV Blockchain, which is a full-node implementation and a fork of Bitcoin Cash (BCH) and It attempts to restore the original Bitcoin protocol as defined by version 0.1 of Bitcoin. Reflecting its mission to fulfill the vision of Bitcoin, the project name represents the “Satoshi Vision” or SV.
"In reality, most attempts create de facto business entities with major liabilities which fall onto individual contributors to systems while creating “decentralization theater” for the public."
And that's where the focus on Mastercard comes in.
Wuckert says that the BTC Core team is largely paid by Mastercard Ventures through various venture branches. Bitcoin was disruptive, so Mastercard muzzled it.
Case in point, he points to Mastercard as having bidded with central banks on becoming the provider of central bank digital currencies instead of such things being replaced years ago by [checks notes] Bitcoin. Then, as far as the suits are concerned, BTC and everything else gets thrown on the scrap pile of history while they retain their power. And it was easy because everyone was silenced by becoming the petty bourgeoisie just for “hodling.”
"Now, BTC’s largest infrastructural partner, rather than going out of business, is looking to eliminate the need for BTC payments altogether saying, 'Mastercard is driving innovation with the public sector, banks, fintechs, and advisory firms in the exploration of CBDCs, working with partners that are aligned to our core values and principles. This new platform supports central banks as they make decisions now and in the future about the path forward for local and regional economies'.
"Ultimately, the goal is control. It always has been," Wuckert acknowledges.
"The unbounded Bitcoin protocol eliminates the need for Silicon Valley tech startups, old world banks, inefficient money transmitters, credit card giants and a whole bunch of other financial service providers."
The BSV blockchain, on the other hand, remains a truly unbounded bitcoin....and not beholden to Mastercard or any other entity for that matter.
- Alejandro Botticelli, Gambling911.com
