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0 sats \ 2 replies \ @cyphercosmo 5 Jan \ on: Another PSA: Everybody receives rewards as sats meta
Can you please elaborate on how the switch to CCs helps avoid money transmission?
Do you think if a government intervention/audit (given these recent news) would end up in them interpreting SN as not breaking the rules of transmitting money with the new approach where sats are basically being routed from the Alice to Bob?
I know this wasn't the main focus of this post but I'm curious on how this will play out for SN and whether we can do anything to further mitigate these risks.
We are doing what a lightning node does in the application layer. We NEVER hold funds in transit.
If what we do is money transmission, then every single lightning node is also a money transmitter.
If that’s the case, SN being classified as a money transmitter should be the least of our concerns.
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You are probably right, we'll have to wait and see how this will play out.
In any case, I think it's a valid and valuable exercise to model this as a threat to SN and discuss how can this vulnerability be addressed.
I don't want SN in trouble, hence the question/suggestion.
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