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90 sats \ 2 replies \ @ek OP 25 Oct \ parent \ on: Are Cashu mint operators breaking the law? bitcoin
You cannot withdraw credits, therefore credits are not ecash.
The casino is an interesting example I haven't thought of yet though. Thanks for bringing it up!
That's true the example is not perfect because credits do become sats for withdraw but they have to go through the rewards pool mixer first and it's not like you put 500 credits into the rewards pool you are guaranteed to get 500 out. That's a fair point.
Maybe SN is more like the casino. You buy your chips, use them all day and then find out if you are up or down when it is time to cashout.
Speaking of rewards. I got territory revenue at 12am ct but no rewards today.
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Coming back to this:
Even if a mint were considered a casino, wouldn’t a casino need a license in order not to break the law?
And I would think the definition of a casino requires that there are games based on luck involved, rather than simply exchanging tokens for other purposes, like buying and selling things inside one as someone who isn’t associated with the casino.
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