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

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142 sats \ 11 replies \ @0xbitcoiner 22 Oct 2024 \ parent \ on: SN elects to go noncustodial on Nov. 5th - FAQ & AMA meta

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 22 Oct 2024

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 22 Oct 2024

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

0 sats \ 2 replies \ @supratic 22 Oct 2024

Cannot you run it as a PMA or something else?

21 sats \ 1 reply \ @k00b OP 22 Oct 2024

What's a pma?

10 sats \ 0 replies \ @DarthCoin 22 Oct 2024

PMA = Private Members Association #605643

aka none of other business (including govs)

0 sats \ 0 replies \ @DarthCoin 22 Oct 2024

how convenient...

21 sats \ 4 replies \ @0xbitcoiner 22 Oct 2024

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

0 sats \ 3 replies \ @DarthCoin 22 Oct 2024

Rewards are just us sending you our own money

k00b just said that are not CC

0 sats \ 2 replies \ @0xbitcoiner 22 Oct 2024

You buy cc's and SN sends sats

0 sats \ 1 reply \ @DarthCoin 22 Oct 2024

Go back to the main question and read the whole thread: #733707

0 sats \ 0 replies \ @0xbitcoiner 22 Oct 2024

I read it! just trolling ?