Facebook has MSB license in at least 15 states, Google also - page 2.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: kjlimo on February 19, 2012, 07:33:07 AM

Why all the research on these licenses?

Are we looking for competitors to bitcoin?

Does bitcoin need some of these licenses?

Is that even possible given that no one is "in charge" of bitcoin?

"What am I doing wrong? I only buy and sell Bitcoin products. If you have a problem with "their" products, talk to the Bitcoin producers." Cheesy

kjlimo

legendary

Activity: 2114

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Why all the research on these licenses?

Are we looking for competitors to bitcoin?

Does bitcoin need some of these licenses?

Is that even possible given that no one is "in charge" of bitcoin?

finway

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Activity: 714

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Haha.

Phinnaeus Gage

legendary

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Bitcoin: An Idea Worth Spending

Quote from: BitPay Business Solutions on February 17, 2012, 11:27:20 PM

Quote from: Phinnaeus Gage on February 17, 2012, 11:18:36 PM

Source: https://docs.google.com/viewer?a=v&q=cache:IPpL3ho5QWIJ:www.edgardunn.com/uploads/100012_english/100347.pdf+&hl=en&gl=us&pid=bl&srcid=ADGEESgJ8yckwNYqcJirJnChFxqmwGu7kipD2KbqQwYI5SmOFu11AFQWdoNEILLM-xcnSMyLRMVSUo8uuY86Ixk8n-dLr2S0e98ZbFB6HMlBSoJ1Oi_T4a7EBMcIlgqSSEZ1wYUMWPFf&sig=AHIEtbQHPep_JaA1sB8MAnWu93DxgQhFbA

That's a good report. Now if they will make one little change to page 8 it will solve all their problems.

To me, it looks like an Easy Button.

Yankee (BitInstant)

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Activity: 1078

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Charlie 'Van Bitcoin' Shrem

Quote from: BitPay Business Solutions on February 17, 2012, 11:27:20 PM

Quote from: Phinnaeus Gage on February 17, 2012, 11:18:36 PM

Source: https://docs.google.com/viewer?a=v&q=cache:IPpL3ho5QWIJ:www.edgardunn.com/uploads/100012_english/100347.pdf+&hl=en&gl=us&pid=bl&srcid=ADGEESgJ8yckwNYqcJirJnChFxqmwGu7kipD2KbqQwYI5SmOFu11AFQWdoNEILLM-xcnSMyLRMVSUo8uuY86Ixk8n-dLr2S0e98ZbFB6HMlBSoJ1Oi_T4a7EBMcIlgqSSEZ1wYUMWPFf&sig=AHIEtbQHPep_JaA1sB8MAnWu93DxgQhFbA

That's a good report. Now if they will make one little change to page 8 it will solve all their problems.

Agreed

BitPay Business Solutions

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Activity: 742

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Quote from: Phinnaeus Gage on February 17, 2012, 11:18:36 PM

Source: https://docs.google.com/viewer?a=v&q=cache:IPpL3ho5QWIJ:www.edgardunn.com/uploads/100012_english/100347.pdf+&hl=en&gl=us&pid=bl&srcid=ADGEESgJ8yckwNYqcJirJnChFxqmwGu7kipD2KbqQwYI5SmOFu11AFQWdoNEILLM-xcnSMyLRMVSUo8uuY86Ixk8n-dLr2S0e98ZbFB6HMlBSoJ1Oi_T4a7EBMcIlgqSSEZ1wYUMWPFf&sig=AHIEtbQHPep_JaA1sB8MAnWu93DxgQhFbA

That's a good report. Now if they will make one little change to page 8 it will solve all their problems.

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: paraipan on February 17, 2012, 08:55:23 PM

Quote from: Steve on February 17, 2012, 08:51:02 PM

Quote from: BitPay Business Solutions on February 17, 2012, 04:06:47 PM

Amazon Payments, Inc. d/b/a TextPayMe
410 Terry Avenue North
Seattle, WA 98109

I can't help but think Amazon.com may be Satoshi Nakamoto:
- they have a history of butting heads with regulators
- they operate a very high volume business on very slim margins
- they certainly see half their profit margin going to the banks
- they have a history of technical innovation

It would make sense to me that they would put a team of bright people on the task of inventing a better payment system that would allow them to bypass the banks and dramatically improve their bottom line. When they worked out how to it, they would have realized they could never just launch such a thing themselves (bringing the ire of the bankers and the politicians they own down upon them). So, instead they come up with plan b…put it out there and nuture it until such time as it's clear that it can survive on its own, then back away…wait a few years until the world gets over all it's qualms about the technology…then start using it.

their service is called TextPayMe, right, they have any mention about decentralized e-currency in there or something ?

Not sure, but take a look at this: https://docs.google.com/viewer?pid=bl&srcid=ADGEESgJ8yckwNYqcJirJnChFxqmwGu7kipD2KbqQwYI5SmOFu11AFQWdoNEILLM-xcnSMyLRMVSUo8uuY86Ixk8n-dLr2S0e98ZbFB6HMlBSoJ1Oi_T4a7EBMcIlgqSSEZ1wYUMWPFf&q=cache%3AIPpL3ho5QWIJ%3Awww.edgardunn.com%2Fuploads%2F100012_english%2F100347.pdf%20&docid=c600ee601f693f608c79c6f198d4409f&a=bi&pagenumber=5&w=1200

Source: https://docs.google.com/viewer?a=v&q=cache:IPpL3ho5QWIJ:www.edgardunn.com/uploads/100012_english/100347.pdf+&hl=en&gl=us&pid=bl&srcid=ADGEESgJ8yckwNYqcJirJnChFxqmwGu7kipD2KbqQwYI5SmOFu11AFQWdoNEILLM-xcnSMyLRMVSUo8uuY86Ixk8n-dLr2S0e98ZbFB6HMlBSoJ1Oi_T4a7EBMcIlgqSSEZ1wYUMWPFf&sig=AHIEtbQHPep_JaA1sB8MAnWu93DxgQhFbA

paraipan

legendary

Activity: 924

Merit: 1004

Firstbits: 1pirata

Quote from: Steve on February 17, 2012, 08:51:02 PM

Quote from: BitPay Business Solutions on February 17, 2012, 04:06:47 PM

Amazon Payments, Inc. d/b/a TextPayMe
410 Terry Avenue North
Seattle, WA 98109

I can't help but think Amazon.com may be Satoshi Nakamoto:
- they have a history of butting heads with regulators
- they operate a very high volume business on very slim margins
- they certainly see half their profit margin going to the banks
- they have a history of technical innovation

It would make sense to me that they would put a team of bright people on the task of inventing a better payment system that would allow them to bypass the banks and dramatically improve their bottom line. When they worked out how to it, they would have realized they could never just launch such a thing themselves (bringing the ire of the bankers and the politicians they own down upon them). So, instead they come up with plan b…put it out there and nuture it until such time as it's clear that it can survive on its own, then back away…wait a few years until the world gets over all it's qualms about the technology…then start using it.

their service is called TextPayMe, right, they have any mention about decentralized e-currency in there or something ?

Steve

hero member

Activity: 868

Merit: 1008

Quote from: BitPay Business Solutions on February 17, 2012, 04:06:47 PM

Amazon Payments, Inc. d/b/a TextPayMe
410 Terry Avenue North
Seattle, WA 98109

I can't help but think Amazon.com may be Satoshi Nakamoto:
- they have a history of butting heads with regulators
- they operate a very high volume business on very slim margins
- they certainly see half their profit margin going to the banks
- they have a history of technical innovation

It would make sense to me that they would put a team of bright people on the task of inventing a better payment system that would allow them to bypass the banks and dramatically improve their bottom line. When they worked out how to it, they would have realized they could never just launch such a thing themselves (bringing the ire of the bankers and the politicians they own down upon them). So, instead they come up with plan b…put it out there and nuture it until such time as it's clear that it can survive on its own, then back away…wait a few years until the world gets over all it's qualms about the technology…then start using it.

BitPay Business Solutions

hero member

Activity: 742

Merit: 500

Quote from: blueadept on February 17, 2012, 04:03:57 PM

Google Checkout is licensed in Virginia. Facebook is not.

There are quite a few others licensed in Virginia that are interesting. Full list is here.

thanks, I updated the OP.

This one is interesting in your list

Amazon Payments, Inc. d/b/a TextPayMe
410 Terry Avenue North
Seattle, WA 98109

blueadept

full member

Activity: 225

Merit: 101

Google Checkout is licensed in Virginia. Facebook is not.

There are quite a few others licensed in Virginia that are interesting. Full list is here.

J Pitt

newbie

Activity: 8

Merit: 0

Quote from: herzmeister on February 17, 2012, 03:38:15 PM

But please, not Facebook.

Not even "sheeple" are going to want to use a non-transferrable currency with a spending tax of 30% outside of Facebook games.

EDIT: To the OP - if you want to give Trust Cash the benefit of the doubt, they may be an agent of an already licensed entity. But I have to say the whole operation seems odd to me.

herzmeister

legendary

Activity: 1764

Merit: 1007

actually a social credit system (i.e. based on competing value tokens issued by lots of different companies) would be much better than the central banking system we have today. It is in fact proposed as a solution in Money As Debt 3.

But please, not Facebook. They are a quasi-monopoly and people are sheeple and will by and large uncritically accept their credits as the only de-facto currency of exchange. This idea can only work if there are lots and lots of mid-size, ethical companies that have to compete for our valuation.

For Bitcoin, it’s uncertain if it can play a role in such a scenario as a common denominator.

BitPay Business Solutions

hero member

Activity: 742

Merit: 500

I discovered this fun fact while doing some research on Trust Cash.

1. Georgia full list (zip): https://dbfweb.dbf.state.ga.us/WebCCData.html
2. Delaware full list: http://banking.delaware.gov/information/checksales.pdf
3. Texas full list: http://www.banking.state.tx.us/supreglic_ent.asp
4. Iowa full list: http://www.idob.state.ia.us/public/license/Financesrch/lic_default.htm
5. Kentucky full list: http://dfiweb.ky.gov/dfipublic/default.aspx
6. Washington: https://fortress.wa.gov/dfi/licenselu/dfi/licenseLU/LicenseLLU.aspx
7. New Hampshire full list (xls): http://www.nh.gov/banking/list-money-transmitter.xls

I haven't had time to look into other states, but here is the link to the correct department in each state to go searching:

http://www.shajlaw.com/moneytransmitterlicense.html

Also, it appears that Trust Cash is not a licensed MSB in any state I have clicked on so far. Trust Cash is headquartered in Georgia and incorporated in Delaware. Does anyone know if they actually have an MSB license anywhere? Because I cannot find one.

EDIT - while I'm at it, Google's name popped up as well

1. California full list http://www.dfi.ca.gov/directory/mt.asp?DATA=
2. Nevada full list https://fid.online.nv.gov/datamart/details.do?anchor=d0edd98.0.1
3. New York full list http://www.dfs.ny.gov/about/whowesupervise/simoneyt.htm
4. Louisiana full list http://www.ofi.state.la.us/soclist.htm
5. Texas (see above)
6. Iowa (see above)
7. Kentucky (see above)
8. Virginia full list: http://www.scc.virginia.gov/bfi/reg_inst/trans.pdf
9. Hawaii full list: http://hawaii.gov/dcca/dfi/regulate/regulate/Folder.2007-05-03.2330
10. Michigan full list: http://www.dleg.state.mi.us/fis/ind_srch/ConsumerFinance/ViewList.asp
11. North Carolina full list: https://www.nccob.org/Online/MTS/MTSCompanyListing.aspx
12. Tennessee full list: http://www.tennessee.gov/tdfi/banking/Lic_MT.html
13. Washington (see above)
14. Oregon full list: http://www4.cbs.state.or.us/ex/all/mylicsearch/index.cfm?fuseaction=main.show_main&group_id=20&profession_id=23&profession_sub_id=23000
15. New Hampshire (see above)
16. Utah full list: http://www.dfi.state.ut.us/MonTrans.htm

Topic: Facebook has MSB license in at least 15 states, Google also - page 2. (Read 5639 times)