0 sats \ 3 replies \ @030a29f333 14 May \ parent \ on: Thinking through Cashu bitcoin
Ideally those services all run mints in the future. They can then advertise their inability to individually censor users and improved privacy, while already having an established reputation. Win-win.
write
preview
0 sats \ 2 replies \ @MiddleWay 14 May
Better than anonyms, yes. But they will still be custodians and money transmitters in the eye of the law. They just gave their clients bearer IOUs while holding on to bitcoins. I doubt this will make a difference. Their Cashus are redeemable only back at the issuer. So may add the unlicensed securities issuance offense.
reply
0 sats \ 1 reply \ @030a29f333 14 May
Sure, but by that logic they're already custodians and money transmitters. They can't be any worse off operating as a Cashu mint.
reply
0 sats \ 0 replies \ @MiddleWay 15 May
Unless cashus will be labeled securities one day.
reply