Of course, using node votes for anything isn’t feasible unless we have a Proof of Full Node mechanism. https://t.co/IRkfx6R5Zj /cc @SDLerner
If you consider the blockchain to be a shared network resource, if anyone deserves to vote on the max block size it’s node operators.
mgiraldo there, I fixed it: pic.twitter.com/7dXInPm559
Decided to take advantage of the difficulty reset and mined a few thousand blocks. Now I’m a Testnet Bitcoin Baron. pic.twitter.com/uiKw28PBeA
@desantis It only counts if you take a fee, so don’t take a $0.000000001 fee ;-)
7) SB680 does not seek to clarify which business models fall under money transmission. It’s subject to whim of the Commissioner of Banks.
6) There is no min threshold to be considered a money transmitter under SB680; transmitting $0.0000001 could require you to have a license.
5) SB680’s $250K min net worth is the “lowest possible req†to show that you are “financially responsible.†Crypto assets don’t count.
4) “Money” transmission covers any value exchange, even crypto => crypto.
3) SB680 seeks to regulate anyone who “engages in business†of value transmission by charging a fee on top of current exchange rates.
2) SB680 is unlikely to pass this session because the legislators are still struggling to even pass the state budget, but it will return.
1) Takeaways from last night’s Triangle Bitcoin & Business Meetup on proposed digital currency legislation, SB680. http://t.co/EWHyQ5I9jg
@kristovatlas Some gems I found at https://t.co/A00GyNi0wb http://t.co/XHh0TKOMf0
@arika_pierce @PerianneDC @CGEmanuelGroup @Bill_Warner @DanSpuller @rcsherwo Thanks for participating in tonight’s discussion @RTPFrontier!