Bitcoin Forum

Bitcoin => Press => Topic started by: OneEyedJack on January 09, 2014, 06:37:30 PM



Title: (2014-01-09) Could a Civil War-Era Law Stamp Out Bitcoin?
Post by: OneEyedJack on January 09, 2014, 06:37:30 PM
http://www.wired.com/wiredenterprise/2014/01/stampact/

See... some old laws need to be updated...


Title: Re: (2014-01-09) Could a Civil War-Era Law Stamp Out Bitcoin?
Post by: OneEyedJack on January 09, 2014, 07:12:52 PM
Personally I think it's ridiculous. Hell the government itself has issued tokens/coins worth less than a dollar (Quarter, Nickel, Dime, Cent)


Title: Re: (2014-01-09) Could a Civil War-Era Law Stamp Out Bitcoin?
Post by: FeedbackLoop on January 09, 2014, 09:44:31 PM
Where was that rule about questions in headlines that someone posted a while back? Ah yes:

http://en.wikipedia.org/wiki/Betteridge's_law_of_headlines



Title: Re: (2014-01-09) Could a Civil War-Era Law Stamp Out Bitcoin?
Post by: OneEyedJack on January 09, 2014, 10:04:18 PM
Where was that rule about questions in headlines that someone posted a while back? Ah yes:

http://en.wikipedia.org/wiki/Betteridge's_law_of_headlines



Interesting, I did not know that! Thanks for the link!


Title: Re: (2014-01-09) Could a Civil War-Era Law Stamp Out Bitcoin?
Post by: oakpacific on January 10, 2014, 02:51:34 AM
You can't fight something new and creative with something backward.


Title: Re: (2014-01-09) Could a Civil War-Era Law Stamp Out Bitcoin?
Post by: geniusboy91 on January 10, 2014, 05:03:18 PM
lol companies send out checks all the time for less than $1.00 for a variety of reasons.


Title: Re: (2014-01-09) Could a Civil War-Era Law Stamp Out Bitcoin?
Post by: bitbouillion on January 10, 2014, 05:51:17 PM
I think, this is an important condition:
Quote
..., intended to circulate as money or to be received or used in lieu of lawful money
http://www.gpo.gov/fdsys/pkg/USCODE-2011-title18/html/USCODE-2011-title18-partI-chap17-sec336.htm

Maybe it could affect micropayments denominated in Dollars with bitcoin, but then make the sum always larger than $1.  jmho, I am not a lawyer.