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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2015-06-26] CT - New York Releases 31-Page BitLicense Application Form
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tyz (OP)
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June 26, 2015, 07:01:57 PM
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The New York State Department of Financial Services has released the application forms that Bitcoin companies in the state must complete by August 8 in order to register their businesses.

http://cointelegraph.com/news/114681/new-york-releases-31-page-bitlicense-application-form
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Chef Ramsay
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June 27, 2015, 12:35:17 AM
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Lawsky made up this 31 page application knowing full well that he was going to go into the consulting business and be paid by these same companies to understand and comply w/ this process. This bureaucrat essentially made his own laws to profit of them in the aftermath. Not to mention the upfront $5k payment that is non-refundable.
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