reply on: SN elects to go noncustodial on Nov. 5th

282 sats \ 16 replies \ @ek 21 Oct \ parent \ on: SN elects to go noncustodial on Nov. 5th - FAQ & AMA

So if I zap someone who doesn’t have a wallet attached it automatically gets converted to cowboy credits to stay in SN forever never to be withdrawn?

Yes with the exception that Cowboy credits slowly become sats through rewards again

0 sats \ 14 replies \ @DarthCoin 6h

so daily rewards and other rewards are not also "money transmission" ? Or you have a special license for cowboy credits?

21 sats \ 13 replies \ @k00b OP 6h

Rewards are just us sending you our own money which isn't money transmission. I know you're just trolling, but I figured I should reply for anyone reading.

21 sats \ 12 replies \ @DarthCoin 6h

Is not trolling. Is a genuine question.

sending you our own money

Sending is still transmission...

121 sats \ 11 replies \ @0xbitcoiner 6h

Money transmission is the act of one party receiving currency for the purpose of sending it over to another party.

https://www.moderntreasury.com/learn/what-is-money-transmission

0 sats \ 10 replies \ @DarthCoin 6h

So what is if I donate 1000 sats to the SN pool and then SN is sending those sats to others? Is not transmitting?

21 sats \ 4 replies \ @k00b OP 6h

It's not - according to lawyers. I've told you that already.

0 sats \ 2 replies \ @supratic 5h

Cannot you run it as a PMA or something else?

21 sats \ 1 reply \ @k00b OP 5h

What's a pma?

view replies

0 sats \ 0 replies \ @DarthCoin 6h

how convenient...

21 sats \ 4 replies \ @0xbitcoiner 6h

If you donate 1000 sats it's like buying 1000 cc's. rewards are not considered money transmission. You're missing the @Lux pills! Ahahahha