Why couldn't they partner with another institution that already has the appropriate licensing? Or, alternatively, they seem well enough funded to be able to post the appropriate bonds.
I get your position, but with the constant whining, you're not winning over people.
First, I'm not trying to win you over. I'm trying to get a license, as is my right.
Second, a lot of people consider the particular fight I've chosen to pick fairly important, as it would do a lot to corrode the monopoly that banks hold on payment processing. So one person's whining is apparently another's heroic battle (not my words).
Third, the issue of money transmission licenses is also directly relevant to this particular topic.
I get it, I really do. I also think that freeing up the financial industry is needed. I'm not convinced that your way is the right one, but I'm not opposed.
But I'm worried that you are starting to get into RMS territory... that most of what I read from you here is on this one issue, from a very distinct viewpoint. I'm not saying you're wrong (or that RMS is), just that such a myopic view isn't always the best way to win people over to your viewpoint. Even worse, you risk people tuning you out.
Maybe I'm just getting a sample bias because your most recent posts and comments have been on transmission licenses.