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But this is so general that lots of business would fit. A bitcoin pool ambiguously, perhaps, transfers value too. Why are they so non-neutral about this, and
by 0xdeadbeefbabe 13y ago
But this is so general that lots of business would fit.
A bitcoin pool ambiguously, perhaps, transfers value too.
Why are they so non-neutral about this, and does it help us that they are?
- domdip 13y agoIt's not about transferring value - it's about substituting currency-equivalent value. What's the substitution going on in a mining pool? (And don't say electricity for coin, electricity is not valued similarly to a currency. Similarly 'claim on mining output'.)
- 0xdeadbeefbabe 13y agoWell it's a step up from electricity at least. The currency equivalent value is securing the chain of BTC transactions and discovering new blocks, making the system work at all. New blocks have a currency equivalent value and doing transactions has a currency equivalent value too.
- dreamdu5t 13y agoLots of businesses fit, but only ones with cash to take or political points to score will be targeted.
- gamblor956 13y agoPolitics and money has nothing to do with it. Patio11 only posted an excerpt of the rules. Most businesses which fit this excerpt are excluded by portions of the rules not posted here but which are contained in the link. For example, those exceptions are why retailers who sell gift cards are not treated as money transmitters.
- 0xdeadbeefbabe 13y agoIt reassuring to hear the rules make sense when you put them all together, but I still wonder if they are good rules. What is your take on it?