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Author Topic: Examples of public rejection of fiat  (Read 1380 times)
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April 09, 2015, 03:49:30 PM
 #21

Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.

They only need to accept it for debts. Not purchases. It's in the Coinage Act of 1965, specifically Section 31 U.S.C. 5103.

More info: http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
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April 09, 2015, 03:59:49 PM
 #22

i only know about rejecting cash fiat, because of AML, but never heard of someone rejecting a credit card/debit card payment

perhaps with site that accept bitcoin/altcoin only
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April 09, 2015, 05:59:53 PM
 #23

The world is larger than the US. In some countries, cash is mandatory to accept. If you do not, you are in breach of the law. But it has no real effect until some anal retentive person makes a fuss about it!  Grin

Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.

They only need to accept it for debts. Not purchases. It's in the Coinage Act of 1965, specifically Section 31 U.S.C. 5103.

More info: http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
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April 09, 2015, 06:17:55 PM
 #24

At some Apple retail outlets, you can't purchase merchandise with cash aside from Gift Cards.

Not sure how this works, but you can use your cash to purchase a gift card then use the gift card to purchase your item.
,
That is not what Op wanted to hear I'm afraid that he hates FIAT and he thinks that if you reject money people will pay more attention to bitcoin and other cryptocurrencies. But I don't think you can do it at this stage of our our revolution. It is too early and people are used to money too much to abandon it just on a whim.


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April 09, 2015, 08:05:12 PM
 #25

At some Apple retail outlets, you can't purchase merchandise with cash aside from Gift Cards.

Not sure how this works, but you can use your cash to purchase a gift card then use the gift card to purchase your item.
,
That is not what Op wanted to hear I'm afraid that he hates FIAT and he thinks that if you reject money people will pay more attention to bitcoin and other cryptocurrencies. But I don't think you can do it at this stage of our our revolution. It is too early and people are used to money too much to abandon it just on a whim.

A good way is to give let's say 10% off if you pay with btc. Lots of people will suddenly become interested then, esp. women.
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April 09, 2015, 08:37:20 PM
 #26

Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, ...
(emphasis mine)

Are you sure?  In many countries it seems a particular fiat currency cannot be refused as a means of satisfying a debt.  When you wish to purchase something, you are not in debt to the vendor and are typically free to negotiate the medium of exchange, with both having the legal right to refuse to trade.

Furthermore, I suspect that even in satisfying a debt, you might still lack the legal right to force your creditor to accept fiat cash.  If some form of currency is "legal tender" for debts that doesn't necessarily mean that an official physical form of that currency must be accepted.  I would expect the law to contain loopholes to allow creditors to refuse, for example, sacks of coins.
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April 10, 2015, 01:19:38 AM
 #27

Do you know of any examples of this to share? For example, you're about to pay at a shop or cafe. They tell you the total and you say something like "I've had just about enough of your fiat nonsense."

Rejection of fiat - not too far away in the future. Wink
http://www.coindesk.com/bullion-dealer-amagi-metals-stop-accepting-fiat-currency/


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April 10, 2015, 01:49:58 AM
 #28

As a cashier, I'd be more than delighted to give every customer that pays with cash the finger and a pamplet that gives them the news flash to get updated with the rest of the world.

But sadly I have to reject this urge and smile as I cringe counting small coins to give back to the customer's because nothing is ever a fucking exact amount.

And yes, I just got off work and needed a place to express my fustrations. Why can't these fiat holders give in and pay for their groceries in bitcoin. Undecided
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April 10, 2015, 03:26:42 PM
 #29

The only condition where I can see when supplier don't accept fiat is because the item or services was meant to be given away for free. There are places where businesses don't accept credit card but fiat is generally a yes. Perhaps this could change one day when shops will only accept bitcoins and nothing else.

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April 10, 2015, 07:21:41 PM
 #30

People have always rejected FIAT at some point. May it be burning banknotes or inventing local currencies. Take a look at all the local currencies there are, which are also supposed to support local trade and help building a local identity.

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April 11, 2015, 08:11:03 AM
 #31

As a cashier, I'd be more than delighted to give every customer that pays with cash the finger and a pamplet that gives them the news flash to get updated with the rest of the world.

But sadly I have to reject this urge and smile as I cringe counting small coins to give back to the customer's because nothing is ever a fucking exact amount.

And yes, I just got off work and needed a place to express my fustrations. Why can't these fiat holders give in and pay for their groceries in bitcoin. Undecided

If counting notes is the only issue, paying with credit card would solve it.
Why do you need Bitcoin?  Smiley


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April 11, 2015, 08:19:51 AM
 #32

Do you know of any examples of this to share? For example, you're about to pay at a shop or cafe. They tell you the total and you say something like "I've had just about enough of your fiat nonsense."


R


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