(2014-01-09) Could a Civil War-Era Law Stamp Out Bitcoin?

[OneEyedJack]

http://www.wired.com/wiredenterprise/2014/01/stampact/

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

[OneEyedJack]

Personally I think it's ridiculous. Hell the government itself has issued tokens/coins worth less than a dollar (Quarter, Nickel, Dime, Cent)

[FeedbackLoop]

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

[OneEyedJack]

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!

[oakpacific]

You can't fight something new and creative with something backward.

[geniusboy91]

lol companies send out checks all the time for less than $1.00 for a variety of reasons.

[bitbouillion]

I think, this is an important condition:

..., 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.