TKay on Nostr: Let’s break down the idiocracy of the money transmitter thing. I have $10 in cash. ...
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?
Published at
2024-04-28 13:43:54Event JSON
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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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