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Author Topic: (2014-01-09) Could a Civil War-Era Law Stamp Out Bitcoin?  (Read 704 times)
OneEyedJack (OP)
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January 09, 2014, 06:37:30 PM
 #1

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

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

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OneEyedJack (OP)
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January 09, 2014, 07:12:52 PM
 #2

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

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FeedbackLoop
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January 09, 2014, 09:44:31 PM
 #3

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 (OP)
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January 09, 2014, 10:04:18 PM
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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!

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oakpacific
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January 10, 2014, 02:51:34 AM
 #5

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

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geniusboy91
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January 10, 2014, 05:03:18 PM
 #6

lol companies send out checks all the time for less than $1.00 for a variety of reasons.
bitbouillion
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January 10, 2014, 05:51:17 PM
 #7

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.


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