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Ok, this is very insightful. Thank you for the response. Tried to ZAP you but it didn’t work. Any idea of dollar value print that’ll be needed? Make 2008/2020 look like child’s play?

BitcoinStu 11mo ago 💬 1

i do not accept zaps, although thank you for the thought. Transmitting Bitcoin can be considered a violation of AML laws and people have gone to prison for p2p bitcoin transactions. Would they come after me for a 25 satoshi zap? Probably not, but why take a chance for 25 satoshis? I love the fact that people are using Bitcoin for micropayments on social media, it's great and I hope it continues. But you won't see me doing it.

I would only transact in Bitcoin in an emergency.

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Discussion

Satoshis Nephew 11mo ago 💬 1

Fair enough - So you say that ZAPS are considered a violation of AML laws? Could you explain the difference between that and a gift on YT or sending an OF girl money? (Disclaimer I am using it as an example)

BitcoinStu 11mo ago 💬 1

There is no difference.

Satoshis Nephew 11mo ago 💬 1

Very informative..

Stupid question then.. p2p - is that illegal?

BitcoinStu 11mo ago 💬 1

if you get prosecuted and convicted of operating without a money transmitter's license, then yes it is. Ask Theresa Lynn Tetley about it.

Satoshis Nephew 11mo ago 💬 1

Interesting read, so assuming the rules don’t change - how do we get around this as a circular economy/community?

BitcoinStu 11mo ago

you just do it anyway and take your chances. They can't put all of us in prison.