Oddbean new post about login | logout Wait what? How are they allowed to?
No one changed the rules yet lmao
They need a money transmitter license especially in commie states or they will be shut down in 1 minute flat
Probably cuz it involves giving Apple their 30% cut $5 ≈ 12,953 sats
lol what a scam. This is akin to a utility price gouging for electricity. Google and Apple have to buy the government because they know the reality is that at some point in the future, they will be regulated as public utilities
The EU appears to be starting to do that to both of them already
Rightfully so. Capitalism is the meta, but sooner or later you have to call a spade a spade. Amazon Google Facebook and Apple are all monopolies and at minimum should be forced to make their networks interoperable. The fact that there’s a duopoly on mobile phone app stores is unacceptable and it is inherently anti-American.
To be fair, all exchanges take a cut. Apple just takes more than normal.