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0 pointsrunbathtime4y ago0 comments

If you just write the code that does money transmission and share it on github, not host it, not put it in production, then no you aren't doing money transmission, you just wrote some code and shared it. If someone takes that code and puts it in production, then they are doing money transmission.

I think people are trying to use the idea that ethereum works differently than AWS, but that doesn't matter. The point is the owners or writers of that code wrote it and put it out to the world with intent or purpose to do money transmission. They published that code, paid the gas fees to do so on ethereum. Now anyone can interact with it.

If you want to prove that ethereum is different please state step by step why it is the case.

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xur174y ago

> I think people are trying to use the idea that ethereum works differently than AWS, but that doesn't matter. The point is the owners or writers of that code wrote it and put it out to the world with intent or purpose to do money transmission. They published that code, paid the gas fees to do so on ethereum. Now anyone can interact with it.

The difference is that you have full control and ability to change the application that is deployed to aws. On Ethereum, you have whatever control you gave yourself, which in most cases is 0, you're not able to modify the application, or even take it down (this is desirable so people don't have to trust you).

To me you're not involved in the process if you have no control over the application that is doing the "money processing".

runbathtimeOP4y ago

I have to disagree, but will consider your argument. I just don't think you can write code that does money transmission and publish it and say you are now not doing money transmission because you can't modify it after it is published. Paypal could write some code and publish it on AWS, perhaps they make it so that they can never modify it every again and imagine it functions just fine. Are they now not doing money transmission?

tluyben24y ago

There is another issue though, on AWS, Amazon knows who you are. On Ethereum, unless you openly say you published that code, there is not many recourse to find you.

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