Guess Which State Won't Let Square Merchants Accept Bitcoin? \ stacker news ~bitcoin

pull down to refresh

Guess Which State Won't Let Square Merchants Accept Bitcoin?

887 sats \ 20 comments \ @siggy47 12 Nov bitcoin

New York. The Big Apple. The financial capitol of the world- bullshit.

283 sats \ 2 replies \ @evankaloudis 12 Nov

It's a damn shame.

If you have any merchants in New York that want to accept Bitcoin, hit up the ZEUS team and we'd be happy to work with them. By having our merchants self-custody we're able to route around most of their arduous regulations.

252 sats \ 1 reply \ @siggy47 OP 12 Nov

You guys do a great job. I'll be paying sats for a few beers tomorrow night at PubKey using your setup.

72 sats \ 0 replies \ @evankaloudis 12 Nov

Cheers!

326 sats \ 2 replies \ @DarthCoin 12 Nov

Reminder: Bitcoin is permissionless, but require big balls to accept it.

Also:

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

That means, you do not need to wait for any payment processor to start accepting it.

21 sats \ 1 reply \ @spiderman 13 Nov

If I give you my permission to accept bitcoin, you cannot say it is permissionless anymore 🤣

0 sats \ 0 replies \ @DarthCoin 13 Nov

36 sats \ 0 replies \ @Car 12 Nov

Also iOS 15 🤣

36 sats \ 0 replies \ @ealvar26 12 Nov

I heard you can't even use square terminals in Puerto Rico because they don't support ATH (as opposed to ACH) 😔

36 sats \ 0 replies \ @BlokchainB 12 Nov

Haha unbelievable

36 sats \ 5 replies \ @0xbitcoiner 12 Nov

Any idea why New York State’s the black sheep?

1104 sats \ 1 reply \ @siggy47 OP 12 Nov

Because of an a-hole named Benjamin Lawsky. He created a complex load of gibberish called the New York bitlicense, then he left government to make money advising companies how to wade through the bullshit.

148 sats \ 0 replies \ @SimpleStacker 12 Nov

So much "expertise" in our over-regulated economy is not really expertise at all, but just experience navigating the bureaucratic maze. And, as you said, the maze was often created by the ones selling their "expert" services.

That's why I'm suspicious of GDP numbers. If the economy is growing because of lawyers, bureaucrats, and compliance officers, is that really growth? (No offense to lawyers)

I don't know what plebs can do about this, if anything. Attempts to lessen government power never seem to go anywhere, because the cold hard truth is that that isn't what the people want. They want more government power, just exercised in ways that suit them.

48 sats \ 0 replies \ @Scoresby 12 Nov

BitLicense

36 sats \ 0 replies \ @Gian 12 Nov

Wall Street....

22 sats \ 0 replies \ @Solomonsatoshi 12 Nov

Jewish bankers own it.

36 sats \ 0 replies \ @grayruby 12 Nov

That’s too bad but not unsurprising.

36 sats \ 1 reply \ @spiderman 13 Nov

If true, what exactly will force the new york state to change its stance? I mean if a state (not even a sovereign country with an army) can stop it so easily, what does it say about the so called permissionless money?

0 sats \ 0 replies \ @siggy47 OP 13 Nov

Nothing is stopped. It's just less convenient.

36 sats \ 0 replies \ @spiderman 13 Nov

Where are you reading this? I rang Google search nothing I found implies this, but it was a quick reading. I may have missed.

36 sats \ 0 replies \ @88b0c423eb 12 Nov

novum eboracum mihi non placet