And it logically follows that the regulations governing natural gas distribution should extend to cover pans

Does Chuck E. Cheese have a money transmitter license for issuing those tokens?

Cast iron or shitpans?

If you restore your backed up channels to a new device it still closes them all, in my understanding/experience

My biggest hurdle when running my own lightning node was always that, if the device itself failed, restoring the node to a new device required closing all of the channels

Is this still the case? Is there any solution to this, where a new device could be hotswapped without closing channels?

This is an absolutely critical feature if we intend to win the game of whackamole with the State

This would be a very rational test if the spirit of the law, ie consumer protection, was still at play

It would mean ecash mints are MSB. AND actually if “inbound liquidity” is the service you paid an LSP for, they *could* rug you by closing the channel prematurely, so there’s an argument they would need to be regulated too

I do agree that the more trust is required, the more regulation is reasonable

I wish we had better solutions for trust minimization, though

If L2 becomes highly regulated, then it’s no use if we run a Fedimint - regulated nodes will reject our channels 😔

Is this the gospel according to rand0?

If that word ever properly applied to anyone it’s Nice Guy

Also, this post does not apply to nostr:note1vzjpyatv8ky9sq2k4q4ea0j7rf3eguum6vuwq9js6qv02xjptl2swudt6j

Based.

nostr:note1vzjpyatv8ky9sq2k4q4ea0j7rf3eguum6vuwq9js6qv02xjptl2swudt6j

Attention-seeking behavior is going to provoke some negative responses from some people sometimes because it can be cringey

I don’t think this phenomenon can ever be “fixed” at the protocol level because it’s part of how our species keeps egos in check and jockeys for status

We did all make fun of Elon when he said lightning nodes might be required to register as money transmitters but here we are

The challenge, though, is that asking people to trust a custodian (even a blinded one) requires communicating that “we’re big, we’re stable, we’re not going anywhere, you can trust us” and whack-a-mole is different from that

That said, if we can have 100,000 mints at once, all in jurisdictions with friendlier laws, then it’s like mp3 sharing - too proliferated to stop

If I grab the mic and shout a Bitcoin seed phrase then the manufacturer of the PA system is a money transmitter

This was always going to be decided (in the US) by a Supreme Court case.

Begun, the second crypto war has.

They’ll go after the issuers all the same

Was she using a client that hadn’t merged NIP-51, kind 10000? nostr:note1qdz8m7a0d4yvhtxtc6luz677p4qk6558qpa95h5pj7uymfa7atrspcdv88

We need turnkey fedimint solutions and we need them now

If you share an ecash QR over zoom, zoom is a money transmitter

If you text ecash over iMessage, iMessage is a money transmitter

By this definition every single bitcoin node is a money transmitter and that shit isn’t going to fly nostr:note1u7ddfz86eqa4x8lyy87rwqlpwu40qae97gurth5mvfkkc7gkevmqdvgccd