I have to conclude that you people didn't read what I posted or understand what mining does so I'll post the important part alone. I don't usually like doing that because it positions peoples ideas out of context.
Here it is: "since they are enabling transactions for a profit."
It's not the reward that he's talking about. It's relaying transactions which do involve exchange for fiat.
I don't think anyone will argue that Bitcoin is not used in just the USA so you all can stop parroting that over and over. However, the lead dev and, in fact, many of the devs live in the USA. BitInstant and quite a few other big businesses are based in the USA. So, for the sake of argument, let's pretend that we give a shit about how the legal system in the USA is reacting toward Bitcoin. Thank you.
I suppose that would be like saying the mailman is a money transmitter for carrying my checks to the utility company. You can try to interpret what FINCen is trying to say, but they haven't done a very good job of elaborating yet. There isn't any practical way to hold miners accountable for their accounting, so unless they want to be heavy handed and make an example out of someone as seems to be the practice of our land of laws, I wouldn't worry about it.
I have an idea. Let's turn the tables on FINCen.
Since they have such a difficult time elaborating, let's help them. Besides, it's inevitable, so let's accelerate the process. The TBF could sit down side-by-side with them drafting what needs to be drafted, allowing FINCen to take it to any direction they desire. Once completed, we'll know exactly what we have to do on our part.
