vaultminer wrote:Steve Sokolowski wrote:
Unfortunately, proof-of-stake will never be able to be accomplished. Like the "meta-exchange" service, we could turn staking on tomorrow, but both of those services require a money transmission license. Money transmission licenses cost about $3m, which makes the idea unprofitable.
I am curious: why do you need a money transmission license for PoS? Can you tell me the rationale behind that?
A money transmitter is recursively defined as a company that receives and transmits money.
We don't accept deposits now, so we don't receive money. Creating a staking pool would require receiving money.