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the bottom line is that visa has less to lose than we do as an industry if they stop processing all together for porn.
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Do you think that "domino effect" is not going to happen? In my opinion that's quite possible. Customers could start jumping the ship for one small reason, and bring the rest of the business with them (spendings, savings, loans etc). It's unlikely we stand a chance warring on our own, but... we may get a bit of help from VISA's competitors (i.e. MC). They may very well decide to backup our crusade to "help" VISA to get rid from some of their customers.