https://github.com/stackernews/stacker.news/issues/3151 pls :)

I lost another 50k "sats" to CC conversion on this big zap. The flow should only go CC -> sats, never backwards.

Kruw

But for legal reasons its framed as such.

It's more than framing. You can only send money to someone else on SN if we aren't custodying the money. Otherwise you send CCs.

When you spend CCs, some go to the rewards pool, and SN replaces those 1-to-1 with its own sats and gives them out as rewards.

It's tricky and convoluted, but it's not framing. We aren't money transmitters because we aren't transmitting other people's money.

bitcoin

User reports their coldcard wallet being drained on Reddit

Murch

> But for legal reasons its framed as such.

It's more than framing. You can only send money to someone else on SN if we aren't custodying the money. Otherwise you send CCs.

When you spend CCs, some go to the rewards pool, and SN replaces those 1-to-1 with its own sats and gives them out as rewards.

It's tricky and convoluted, but it's not framing. We aren't money transmitters because we aren't transmitting other people's money.