Tipjoy will allow a cash payout once we go through the proper licensing as a money transfer agent. This involves complying with regulations in all 50 states and the US patriot act. Technically tipit.to could be held criminally liable for what they are doing.
We don't want that :)
The fastest way to get a legit cash payout is to spread the word about tipjoy, so that we can close a Series A funding & pay lawyers to solve this problem.
But you would be surprised how many people are interested in this _because_ it is all about charity.
"On 27 April 2007, a federal grand jury in Washington, D.C. indicted e-gold Ltd and its owners on charges of money laundering, conspiracy, and operating an unlicensed money transmitting business."
My guess is that when the site was shut down, their users weren't very happy.
Tipit.to is not based in the United States, so we don't have to comply with the US Patriot Act. There are some stringent financial requirements here in europe as well, but we've got those covered.
