Let’s break down the idiocracy of the money transmitter thing.
I have $10 in cash. I can hand it to you without anyone knowing. Is this ok?
Now say I am 10 yards away, can I throw it at you? Is that ok?
Say you are in a different city, can I put it it in an envelope and send it to you?
If you are in a different country, can I send you a text and say, I promise I’ll pay you $10 when I see you?
Where do we draw the line for money transmitter?
TKay / Freedom Smuggler
npub1nje…l02j
2024-04-28 15:43:54
Author Public Key
npub1nje4ghpkjsxe5thcd4gdt3agl2usxyxv3xxyx39ul3xgytl5009q87l02jPublished at
2024-04-28 15:43:54Event JSON
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"pubkey": "9cb3545c36940d9a2ef86d50d5c7a8fab90310cc898c4344bcfc4c822ff47bca",
"created_at": 1714311834,
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"content": "Let’s break down the idiocracy of the money transmitter thing. \n\nI have $10 in cash. I can hand it to you without anyone knowing. Is this ok?\n\nNow say I am 10 yards away, can I throw it at you? Is that ok?\n\nSay you are in a different city, can I put it it in an envelope and send it to you?\n\nIf you are in a different country, can I send you a text and say, I promise I’ll pay you $10 when I see you?\n\nWhere do we draw the line for money transmitter?",
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