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Ryan_Singer
searching PlanetScale…
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Ryan_Singer
12y ago
For the Reddit Tip Bot?
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Ryan_Singer
12y ago
There is a difference between: * Coinbase: A startup that holds millions of dollars worth of bitcoin for mostly consumers * The reddit tip bot: a non-profit community tool that explicitly discourages holding more than a dollar or two * Bloc
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Ryan_Singer
12y ago
I've read your lawsuit against coinbase. No comment.
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Ryan_Singer
12y ago
The Money Transmission Framework is a combination of two types of rules: 1. Capital Requirements, licensing and Bonding for people who hold money for consumers who are not banks. These rules are consumer protection laws and make sense for b
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Ryan_Singer
12y ago
Banks actually do have to ask for permission for "new lines of business", aka new products. The theory going around is that he asked for a best case scenario for the regulator and the goal of the comment period is to see what the