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?
Discussion
I have no idea but yes it'll be more than ever before. That's the nature of compounding interest.
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.
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)
There is no difference.
Very informative..
Stupid question then.. p2p - is that illegal?
if you get prosecuted and convicted of operating without a money transmitter's license, then yes it is. Ask Theresa Lynn Tetley about it.