Guess Which State Won't Let Square Merchants Accept Bitcoin? \ stacker news ~bitcoin

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Guess Which State Won't Let Square Merchants Accept Bitcoin?

717 sats \ 15 comments \ @siggy47 6h bitcoin

New York. The Big Apple. The financial capitol of the world- bullshit.

It's a damn shame.

If you have any merchants in New York that want to accept Bitcoin, hit up the ZEUS team and we'd be happy to work with them. By having our merchants self-custody we're able to route around most of their arduous regulations.

252 sats \ 1 reply \ @siggy47 OP 3h

You guys do a great job. I'll be paying sats for a few beers tomorrow night at PubKey using your setup.

72 sats \ 0 replies \ @evankaloudis 1h

Cheers!

36 sats \ 5 replies \ @0xbitcoiner 6h

Any idea why New York State’s the black sheep?

1104 sats \ 1 reply \ @siggy47 OP 5h

Because of an a-hole named Benjamin Lawsky. He created a complex load of gibberish called the New York bitlicense, then he left government to make money advising companies how to wade through the bullshit.

148 sats \ 0 replies \ @SimpleStacker 5h

So much "expertise" in our over-regulated economy is not really expertise at all, but just experience navigating the bureaucratic maze. And, as you said, the maze was often created by the ones selling their "expert" services.

That's why I'm suspicious of GDP numbers. If the economy is growing because of lawyers, bureaucrats, and compliance officers, is that really growth? (No offense to lawyers)

I don't know what plebs can do about this, if anything. Attempts to lessen government power never seem to go anywhere, because the cold hard truth is that that isn't what the people want. They want more government power, just exercised in ways that suit them.

48 sats \ 0 replies \ @Scoresby 5h

BitLicense

36 sats \ 0 replies \ @Gian 5h

Wall Street....

22 sats \ 0 replies \ @Solomonsatoshi 4h

Jewish bankers own it.

216 sats \ 0 replies \ @DarthCoin 6h

Reminder: Bitcoin is permissionless, but require big balls to accept it.

Also:

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

That means, you do not need to wait for any payment processor to start accepting it.

36 sats \ 0 replies \ @Car 57m

Also iOS 15 🤣

36 sats \ 0 replies \ @ealvar26 3h

I heard you can't even use square terminals in Puerto Rico because they don't support ATH (as opposed to ACH) 😔