Louisiana Makes It Illegal To Use Cash For Secondhand Sales

[Andrew Bitcoiner]

http://www.techdirt.com/articles/20111019/17424316421/louisiana-makes-it-illegal-to-use-cash-secondhand-sales.shtml

Expect the Fed to enforce this or try to make it mandatory across America.  IMO another sign that the Federal Reserve Note is losing its grip by introducing strong arm laws like this.

[ineededausername]

Wow... they're really desperate now.

[Dansker]

Any knows if this is again any federal laws, or the constitution has any say in this?

Is bitcoin included in this definition?

[Steve]

I'd like to know how they intend to enforce this...this law will end up turning the majority of Louisiana residents into criminals.  I think once >50% of the population is considered an outlaw by the government, you've reached a point where it's not the people that are the outlaws, it's the state.

[fivebells]

Expect the Fed to enforce this or try to make it mandatory across America.  IMO another sign that the Federal Reserve Note is losing its grip by introducing strong arm laws like this.

This has nothing to do with the Fed...

[Steve]

Expect the Fed to enforce this or try to make it mandatory across America.  IMO another sign that the Federal Reserve Note is losing its grip by introducing strong arm laws like this.

This has nothing to do with the Fed...

It is ironic that a state has now passed a law making it illegal (in some cases) to use the FED's currency.  I think you could make a case that this law contradicts the federal legal tender laws.  Especially if you exchange these goods for credit that the buyer later wishes to settle with FRNs.  Later could be a few seconds.

[jjiimm_64]

WOW,  i couldn't believe it until I read the article, and the subsequent snippet of the law

Code:

A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property and made payable to the name and address of the seller.

This is not legal, the surpeme court would squash this in a minute, it clear states on our money "This note is legal tender for all debts, public and private."   which the article also states..

just simply crazy!!!!

edit:  by the way,  "shall be made in the form of check, electronic transfers,"  makes it legal to use bitcoin!!!

2nd edit:    The title should be    lOUISIANA LEGALIZES BITCOINS

[plastic.elastic]

WOW,  i couldn't believe it until I read the article, and the subsequent snippet of the law

Code:

A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property and made payable to the name and address of the seller.

This is not legal, the surpeme court would squash this in a minute, it clear states on our money "This note is legal tender for all debts, public and private."   which the article also states..

just simply crazy!!!!

edit:  by the way,  "shall be made in the form of check, electronic transfers,"  makes it legal to use bitcoin!!!

2nd edit:    The title should be    lOUISIANA LEGALIZES BITCOINS

Or they can just make another law to ban bitcoins or any "electronic" money. I mean if they ban cold hard cash from Fed, they can ban anything they want.

They should ban citizenship certificate and issue their own citizenship.

[Phinnaeus Gage]

They picked the wrong state to test this in. Ever see a Coon-Ass riled? (or Coonass, or Coon-ass)



The article states it's for the betterment of law enforcement. I'm surprised they weren't able to to inject how it'll be better for the children.

I see it as a money grab: Able to collect more sales and income tax, coupled with less junk being sold, thereby more purchases of new shit from CHINA, then...wait for it...able to collect more sales and income tax.

[jjiimm_64]

I literally LOL  when I seen this pic...  good one.

[mr chong]

Federal law trumps state law every time so they will have a hard time keeping this law on the books.

[netrin]

Is pi still defined π=3.0 in Louisiana?

[Ricochet]

it clear states on our money "This note is legal tender for all debts, public and private."  

A debt is not the same thing as a payment.  A merchant is within his rights to refuse your cash if he hasn't yet sold you the item.

[Phinnaeus Gage]

Is pi still defined π=3.0 in Louisiana?

Screw them circles, anyway! Triangles are where it's at.



cm = Coin Miner

[Bitcoin Oz]

Thats the trouble with government issued money - they can take it away at any time.

I read an article not long ago about the black/grey market in the US approaching $1 trillion last year which means there's a whole lot of people ignoring current laws. If bitcoin just gets a percentage of that it will be good.

[rainingbitcoins]

http://www.techdirt.com/articles/20111019/17424316421/louisiana-makes-it-illegal-to-use-cash-secondhand-sales.shtml

Expect the Fed to enforce this or try to make it mandatory across America.  IMO another sign that the Federal Reserve Note is losing its grip by introducing strong arm laws like this.

END THE FED! STATES RIGH-  er. Uh... wait.

Is pi still defined π=3.0 in Louisiana?

That was an urban legend, and I'm pretty sure it wasn't even Louisiana in the urban legend. I think Georgia or Tennessee or something.

[JeffK]

As we speak, Phinnaeus's renegade criminal grandmother is constructing a speakeasy-style yard sale in her basement

[JeffK]

Also, I'm still confused how this law is "The Fed"'s doing. Yeah they are a dishonest organization run by the worst members of America's private sector, but they are some shadowy cabal that is directing Louisiana state law, as if your ability to pay your friend $20 for his old N64 will undermine their "power".


Anyways, this will get struck the fuck down by the Supreme Court, since cash is legal tender for all transactions in the US.

[Bitcoin Oz]

I bet you can buy moonshine with cash still.

[Phinnaeus Gage]

As we speak, Phinnaeus's renegade criminal grandmother is constructing a speakeasy-style yard sale in her basement

NOW YOU'VE GONE TO FAR, JeffK. My grandmother, Guinan, sent you a special invitation for opening night at The 1337 Room in her basement. Now that you've let the cat out of the bag, she has no choice but to move it to my aunt's barn. Your special invite is now null and void.

It's only because you're an outstanding member on this board, I offer you another location to bide your time. It's a speckuneasy in Georgetown, Texas. To find it, simply fly over town and look for the letters K.I.V.A on the roof.