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A comment on Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment. Parent comment

Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by amelius on Wednesday May 20, 2026 @11:52AM (#48209767)
Not if your government properly implements separation of powers, as is the case in most Western countries.

Yes, I'm aware someone is trying to undermine it in the U.S. currently. That doesn't mean that companies are a safe haven suddenly.

[ Parent | on HN ]
Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by PowerElectronix on Thursday May 21, 2026 @03:08AM (#48218954)
Separation of powers is easy to erode and we are seeing that happening in a lot of western countries. Companies are, of course, never going to be trustworthy, but they at least can go out of business if they go full dystopian.
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Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by amelius on Thursday May 21, 2026 @04:21AM (#48219460)
So how many user accounts should Apple or Google wrongfully close until they go out of business? 1000? 10,000? ...
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Re:Goodbye Visa and Mastercard: 130M Europeans switching to ... by philipallstar on Thursday May 21, 2026 @08:05AM (#48221297)
The actual separation of powers that's a good idea is that between governments and companies.
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