What is Nostr?
npub17wk…v452
2024-04-11 13:28:58
in reply to nevent1q…x4c7

npub17w…gv452 on Nostr: in the US we actually have two federally guaranteed consumer banking systems, one of ...

in the US we actually have two federally guaranteed consumer banking systems, one of just normal banks, but the other type is called a credit union, and that might have some relevance here.

Overstating for effect, CUs exploit loopholes in banking regulations by operating as exclusive clubs with membership requirements, that often seem pretty lax.

Well, given the excerpts I see in the post, Fediverse instances might be able to escape the regulation the same way, with administrators putting forward a minimal membership requirement so that the purpose isn’t international communication but just a place for local members to talk among themselves.
Author Public Key
npub17wky6k55xr5pcsm4f9fme4xmnhh7dr3p308smdzql2naddc0h9qqwgv452