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Author Topic: What does "legal tender" mean anyway?  (Read 11215 times)
barbarousrelic
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March 13, 2011, 12:19:31 PM
 #21

So if someone opens a candy store that charges in grams of seashells for the gram of candy they sell, if you go there and eat some candy they would be forced to accept USD from you eventhough they have signs all over the store saying they only accept payment in seashells? (in the US of course)

Technically you would be owed seashells, but I doubt any court in the country would rule in payment of seashells. They would rule a payment of dollars.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
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marcus_of_augustus
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March 13, 2011, 01:44:30 PM
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People sure like debt to be paid, violently if needed. This is why we got stuck in the fiat dollars regime.

Paying in Federal Reserve notes is not in fact paying the debt, it is swapping one debt for another since the federal Reserve note itself is a promise from the ruling oligarchic banksters to eventually pay the USA ... it is a gigantic debt-go-round and has been ever since Roosevelt screwed the gold pooch.

The end game is approaching fast now though and as the man, eventually all debts get paid, either by the debtor or the creditor. What's in your wallet, debt or credit?

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