Dollars not accepted here!

[Paashaas]

''Precious metals and coin dealer Amagi Metals announced today it would stop accepting US dollars as a payment method at the end of 2016, saying it had “lost confidence” in the future value of the world’s most popular fiat currency''

Ohh yhe baby, this is so sweet news today!

Bitcoin is here to stay and his development is skyrocketing in the background, im getting so exited  

http://www.coindesk.com/bullion-dealer-amagi-metals-stop-accepting-fiat-currency/

[brewsterz]

they will convert dollars to btc for u to make a purchase tho

[spud21]

Is Amagi Metals a big, or small company?

[sgk]

...at the end of 2016...

I read that article, but the end of 2016 is way too distant future, as far as Bitcoin and other cryptos are concerned.

We don't know how things will turn up by then.

[seljo]

But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

[sgk]

But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

Exactly. They will stop accepting USD does not mean they'll start accepting cryptos.

Nothing to see here, move on.

[MatTheCat]

But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

Fuck all except the MD of Amagi being an attention seeking ranter and raver.

All those currencies are backed by the USD, so what the fuck does he think he is protecting himself from?

[Foxpup]

But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

Exactly. They will stop accepting USD does not mean they'll start accepting cryptos.

Nothing to see here, move on.

Did either of you two actually bother to read the damn statement?

Thus, Amagi has planned that by the end of 2016, the company will no longer accept US dollars or other “fiat” currencies. Instead, Amagi plans to be trading exclusively in cryptocurrencies like Bitcoin.

[seljo]

But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

Fuck all except the MD of Amagi being an attention seeking ranter and raver.

All those currencies are backed by the USD, so what the fuck does he think he is protecting himself from?

FYI nothing is backed by USD. Some of those don't even accept USD as means of payment... update plx...

[cryptozio]

I wonder if in a future not so far we will see the sign "Dollars not accepted here" in most of the shops

[Miz4r]

Did either of you two actually bother to read the damn statement?

Sadly many people don't bother to read anything anymore... everything has become TL;DR but they always have a strong opinion about it ready of course...

[seljo]

Did either of you two actually bother to read the damn statement?

Sadly many people don't bother to read anything anymore... everything has become TL;DR but they always have a strong opinion about it ready of course...

So true didn't read the full statement my bad... but... wanted to make a point that USD is no longer preferred mean of payment anywhere not only at Amagi.

[trader001]

''Precious metals and coin dealer Amagi Metals announced today it would stop accepting US dollars as a payment method at the end of 2016, saying it had “lost confidence” in the future value of the world’s most popular fiat currency''

Ohh yhe baby, this is so sweet news today!

Bitcoin is here to stay and his development is skyrocketing in the background, im getting so exited  

http://www.coindesk.com/bullion-dealer-amagi-metals-stop-accepting-fiat-currency/

Which country is Amiga Metals registered in?

It is illegal for any US company to refuse fiat payment.

[Foxpup]

It is illegal for any US company to refuse fiat payment.

No, it isn't. Whatever gave you that idea?

[spazzdla]

But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

Fuck all except the MD of Amagi being an attention seeking ranter and raver.

All those currencies are backed by the USD, so what the fuck does he think he is protecting himself from?

They are taking no Fiat is the plan...............  They will not continue to accept Fiat sooo........

[spazzdla]

It is illegal for any US company to refuse fiat payment.

No, it isn't. Whatever gave you that idea?

Any debt that was offered to be paid in with USD and refused is considered paid.  Probably the confusion.. however I'd expect laws to force people to accept the USD very very very soon.

[spazzdla]

But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

Exactly. They will stop accepting USD does not mean they'll start accepting cryptos.

Nothing to see here, move on.

Wat...

WHY DO YOU PEOPLE DO ZERO RESEARCH... They currently do accept Crypto.. I've bought 5 oz of silver from them with BTC.

[Mightycoin]

US dollar sometimes seem to be over-rated, even when it is weaker to euro. Good step they took

[maker88]

But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

Exactly. They will stop accepting USD does not mean they'll start accepting cryptos.

Nothing to see here, move on.

Wat...

WHY DO YOU PEOPLE DO ZERO RESEARCH... They currently do accept Crypto.. I've bought 5 oz of silver from them with BTC.

Seriously, not only does it say in the article they will be accepting crypto currency, it also says they won't be accepting any governments "federally insured legal tender". Where these guys get the idea that rubles and yuan and all the other shitty fiat doesn't count, I have no idea..

[HeliKopterBen]

But they will continue to accept Russian Ruble, European Euro, Chinese Yuan and Swiss Franc. What does it tell you?

Exactly. They will stop accepting USD does not mean they'll start accepting cryptos.

Nothing to see here, move on.

Did either of you two actually bother to read the damn statement?

Thus, Amagi has planned that by the end of 2016, the company will no longer accept US dollars or other “fiat” currencies. Instead, Amagi plans to be trading exclusively in cryptocurrencies like Bitcoin.

Not to mention the fact that they have been accepting bitcoin for nearly 2 years now.