pull down to refresh

30 sats \ 9 replies \ @Satosora 8 Mar \ on: The End Of Fiat? Multiple States Move To Recognize Gold As Legal Currency econ
Goldbacks are an interesting concept.
write
preview
32 sats \ 5 replies \ @oliverweiss OP 8 Mar
Indeed, I would prefer bitcoin as an alternative to the current fiat system though.
reply
30 sats \ 1 reply \ @Undisciplined 8 Mar
I've talked to some of the libertarians who have pushed through state gold legislation. They would have liked to include bitcoin, but they thought getting gold/silver through would be more feasible, because those two are mentioned in the constitution as legal tender, as well as being more familiar to conservatives.
reply
34 sats \ 0 replies \ @Satosora 8 Mar
I feel that as we push and make gold and silver legal tender, bitcoin will soon follow. People will have to open their eyes eventually.
reply
0 sats \ 2 replies \ @Satosora 8 Mar
I think we all do, but what way is the best to incorporate it so that everyone uses it?
reply
10 sats \ 1 reply \ @oliverweiss OP 8 Mar
Yeah, a million dollar sats question.
reply
30 sats \ 0 replies \ @Satosora 8 Mar
It is just a matter of time before other people realize. Some people are pushing for it to be made into legal tender. Just a matter of time before it happens. Gold and silver might come first though, because it is more easily understood.
reply
10 sats \ 2 replies \ @oliverweiss OP 8 Mar
From what I googled, Goldbacks are legal tender in four states: Utah, Nevada, Wyoming, and New Hampshire.
reply
0 sats \ 0 replies \ @stack_harder 20h
how many people and businesses know what they are tho? i don't think i could get over the sus factor of having to validate gold and precious metals
reply
0 sats \ 0 replies \ @Satosora 8 Mar
I think it was being pushed in montana, too. I havent kept up with who accepts it, but I know they are still printing/making them. I think it is a novel idea.
reply