30 sats \ 12 replies \ @DarthCoin 12 Apr 2023 \ parent \ on: Fundraise to send every member of the Finnish parliament a copy of Layered Money bitcoin
Define legal tender.
Bitcoin do not need any gov or pilitical approval.
Stop being a child looking for parents approval.
Be the adult that don't need nobody's approval to be free.
Well said.
I never understand why people think they need to ask for approvals to do xxx...
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Especially about their own money.
If 2 people want to trade their goods and services in pink shells, is their problem and private agreement that their trade will be exchanged in pink shells and is nobody's damn business why they use pink shells.
Now comes the famous term "legal tender" that is totally something else and many people use it without even knowing what does it means that term.
Legal tender:
Any retailer or individual could refuse to use a legal tender. Nobody can force you to use it.
Why? What is the point of a legal tender then?
The point is that you cannot force a retailer to accept legal tender or indeed any other form of tender. If, however, you buy something from them and there is no contractual barrier to the use of any form of tender, and you offer legal tender in payment, and they refuse it, then they cannot enforce the debt in court.
That's what legal tender means: it's about discharging debts. If you incur a debt you can discharge it with legal tender, but you cannot be forced to incur the debt in the first place, if you see what I mean...
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You mean when something disturbing happens between two people, maybe one is being dishonest, since it's a private transaction, so no other third parties can help.
But after the setup of Legal tender ( in a sense, it's like using other people's rules), then the third party can step in to sort things out with the law, like in the fiat system 👀
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Yes.
"Legal" in the term of "legal tender" it doesn't mean it can be forced to be accepted (as many think it is). It simply means: the currency in which the dispute can be settled.
Nobody can force you to accept something you do not want.
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Knowledge is power! thanks a lot darth ⚡️
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Yes, in theory you are right. Now, sell that to the 8 billion normies out there who are obedient citizens and pay taxes. How many takers to that theory?
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If Dart sells Bitcoin idea to 8 billions normies you won't have anything to stake for yourself.
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😂😂😂😂😂😂😂😂😂
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Ok, let's try another way. Who do u think made bitcoin as legal currency in el salvador. Did i hear the government?
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This is important but we are likely look at degree of importance differently. Countries with high adoption rate are rich countries. Plus Russia or Ukraine where people use bitcoin as emergency money. Without any permission.
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Yes, it totally varies based on the situation. This original post was about a western country with law abiding citizens (slaves) and no war.
So, in this regard, without the gov stamp, it is like paddling upstream.
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Yes, but that means nothing.
Read again the definition of legal tender.
A gov declaring Bitcoin as legal tender is like making a law saying "birds are allowed to fly"... total meaningless.
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