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100 sats \ 21 replies \ @Norbert 26 Oct \ parent \ on: Are Cashu mint operators breaking the law? bitcoin
Thinking mints break the law doesn't mean you think they should shut down or that you agree with the law.
This.
I think the question of whether running a mint is breaking the law is interesting and relevant. Not because I'd shut mine down (if I were running one) if it were, but because it's better to be informed about what you are doing rather than being mistaken. If it is likely that running a mint is indeed illegal, telling plebs that it isn't can only backfire.
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It all goes to this but statists will never WANT to see the truth.
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While the meme might have a point I cannot take arguments such as these seriously. I interpret them as calls for ignorance or disinformation, both of which are pretty high up on my evil-scale. A lot of things are seemingly arbitrarily set, but not knowing about how they are set is seldom to your advantage.
Perhaps you mean well, but I just don't see it...
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first you need to define what means the word ILLEGAL
This quite dumb, is like accusing the US Mint as money transmitter...
In fact the user of the mint is the only one "transmitting" something, not the mint.
The mint is the one that create the token, is not transmitting it.
The only part when the mint is involved, is when the user wants to convert the tokens in sats and send them over LN to a LN node, in that moment, yes, the mint act as intermediary, but is not transmitting anything, only convert, melting the token.
now is ok this explanation @ek ?
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The mint is involved in every transaction,
As far as I know, the app you use with the mint is doing that locally and not pinging the mint. The mint is maybe only confirming the token when the receiver comes online. But that is not transmitting.
Example: I send a token offline....
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There are no true offline payments in Cashu.
They keep saying "offline payments", but it's not true. One of sender or receiver has to be online and contact the mint. All they mean with "offline" is that not both have to be online at the same time.
Keywords are here P2PK and DLEQ proofs.
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even then, that doesn't make them "transmitters", but only "validators".
As I said: did you consider the US Mint as money transmitter?
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Also the US Mint is the one that says a USD bill is fake or not. That doesn't make them transmitters.
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If I play with you a game of exchanging football players cards, are we considered money transmitters?
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What is "the law" ?
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