California makes Bitcoin Legal Tender

[Bitcoinpro]

they are really something in California

http://cointelegraph.com/news/113235/bitcoin-becomes-legal-tender-for-transactions-in-california

California Governor Approves Bitcoin for Transactions:

Bitcoin can be accepted and used for transactions in the US state of California as of yesterday, following the ratification of a new finance bill. Previously, only US Dollars were officially recognized, but the new bill allows for the use of other national and digital currencies.

Among a raft of new legislation coming into force for 2015 in California is the bill AB129 passed by Governor Jerry Brown in mid-2014. Aimed at ending a prohibition against using any alternative to US dollars for commerce in the state, the bill recognizes and permits the use of alternate currencies for transactions, including digital currencies such as Bitcoin, at the legislative level.

[xcapator]

California makes btc legal tender, that's a step forward. california and new york are usually the 1st to adopt such large ideas.

Bitcoin is legal tender in California and it's going down? no, this makes no freaking sense, I am holding my coins

[Bitcoinpro]

California makes btc legal tender, that's a step forward. california and new york are usually the 1st to adopt such large ideas.

Bitcoin is legal tender in California and it's going down? no, this makes no freaking sense, I am holding my coins

most people watching this ludicrous price drop realize the exchanges will just move the price up like a slider as soon

as REAL buy orders start flooding in for cheap coin,

[Vessko]

Whoever wrote this ridiculous title has no clue what "legal tender" is.

No, California didn't make Bitcoin legal tender. (I don't think that a state has the power to mandate that anything but US dollars, gold or silver is legal tender, and only very few states have mandated it about gold and silver, but I could be wrong on that; US Constitutional law is not my field of expertise.) California just decided to officially allow voluntary business transactions in Bitcoin.

[newIndia]

they are really something in California

http://cointelegraph.com/news/113235/bitcoin-becomes-legal-tender-for-transactions-in-california

California Governor Approves Bitcoin for Transactions:

Bitcoin can be accepted and used for transactions in the US state of California as of yesterday, following the ratification of a new finance bill. Previously, only US Dollars were officially recognized, but the new bill allows for the use of other national and digital currencies.

Among a raft of new legislation coming into force for 2015 in California is the bill AB129 passed by Governor Jerry Brown in mid-2014. Aimed at ending a prohibition against using any alternative to US dollars for commerce in the state, the bill recognizes and permits the use of alternate currencies for transactions, including digital currencies such as Bitcoin, at the legislative level.

Funny joke. A state can not make a decentralized digital currency a legal tender. California is just allowing bitcoin transaction and that is a good step forward.

[BitCoinNutJob]

Good news, the state by state regulating strategy is working and its not time/money consuming at all 

[FallingKnife]

Good news, the state by state regulating strategy is working and its not time/money consuming at all 

Yes.  50 states + DC all regulating. What could possibly go wrong?

[pereira4]

Weed then BTC, Cali is always ahead of its own time

[SirChiko]

Weed then BTC, Cali is always ahead of its own time

hehe atleast i'm not an alone toker here.
good step california, let's see how other states and value will rise.
fk these traders that started to dump on good news, dammit guys...

[crazyearner]

they are really something in California

http://cointelegraph.com/news/113235/bitcoin-becomes-legal-tender-for-transactions-in-california

California Governor Approves Bitcoin for Transactions:

Bitcoin can be accepted and used for transactions in the US state of California as of yesterday, following the ratification of a new finance bill. Previously, only US Dollars were officially recognized, but the new bill allows for the use of other national and digital currencies.

Among a raft of new legislation coming into force for 2015 in California is the bill AB129 passed by Governor Jerry Brown in mid-2014. Aimed at ending a prohibition against using any alternative to US dollars for commerce in the state, the bill recognizes and permits the use of alternate currencies for transactions, including digital currencies such as Bitcoin, at the legislative level.

Funny joke. A state can not make a decentralized digital currency a legal tender. California is just allowing bitcoin transaction and that is a good step forward.

ever way making legal tender or not an actual state allowing to use Bitcoin and to do business with is a good leap forward in the right direction of more business picking it up adopting it and more people seeing the logo and wondering what it is all about and no doubt, the more people see it and start to think about it and begin to use it the better it will get.

[NeuroticFish]

"Legal tender" is obviously bad wording.
But California made a great thing and it's a great step forward for BTC.

Just... don't expect the price get to 1000$ because of this, mkay?

[grendel25]

Our btc is growing up.  Wont' be long before btc is common place as a means of payment.  I look forward to the day when PayPal is second fiddle to btc methods of payment.

[seabass1985]

this might be the right or wrong step in the right direction. The wrong being a tax on bitcoin and more regulation.

[NewLiberty]

"Legal tender" is obviously bad wording.
But California made a great thing and it's a great step forward for BTC.

Just... don't expect the price get to 1000$ because of this, mkay?

"Legal Tender" would be a BAD thing.  (It forces acceptance) 
California Law makes Bitcoin "Lawful Money" which is a GOOD thing. (It allows acceptance)

California is unusual in that it had a really stupid law previously that made all sorts of commerce in the state illegal if it wasn't conducted with US Dollars.   This new law fixed that, more or less.  Most places do not have as many stupid laws as California and have no need of such fixing.
So it is good, but not great and other places need not follow in order to be in the same situation.

[crazyearner]

"Legal tender" is obviously bad wording.
But California made a great thing and it's a great step forward for BTC.

Just... don't expect the price get to 1000$ because of this, mkay?

"Legal Tender" would be a BAD thing.  (It forces acceptance) 
California Law makes Bitcoin "Lawful Money" which is a GOOD thing. (It allows acceptance)

California is unusual in that it had a really stupid law previously that made all sorts of commerce in the state illegal if it wasn't conducted with US Dollars.   This new law fixed that, more or less.  Most places do not have as many stupid laws as California and have no need of such fixing.
So it is good, but not great and other places need not follow in order to be in the same situation.

well at least it is a step in the right direction to in some ways and other ways not good but same time making it legal and accepted it will get widely noticed more as its something that they ruled in and more of the public in California am sure will begin to find out about it as more company's start to use it and get rid off stupidly high fees though the backs and exchanges if doing over seas transactions

[NewLiberty]

"Legal tender" is obviously bad wording.
But California made a great thing and it's a great step forward for BTC.

Just... don't expect the price get to 1000$ because of this, mkay?

"Legal Tender" would be a BAD thing.  (It forces acceptance) 
California Law makes Bitcoin "Lawful Money" which is a GOOD thing. (It allows acceptance)

California is unusual in that it had a really stupid law previously that made all sorts of commerce in the state illegal if it wasn't conducted with US Dollars.   This new law fixed that, more or less.  Most places do not have as many stupid laws as California and have no need of such fixing.
So it is good, but not great and other places need not follow in order to be in the same situation.

well at least it is a step in the right direction to in some ways and other ways not good but same time making it legal and accepted it will get widely noticed more as its something that they ruled in and more of the public in California am sure will begin to find out about it as more company's start to use it and get rid off stupidly high fees though the backs and exchanges if doing over seas transactions

It is sometimes astounding how much a legislative body can become less stupid by removing one of its laws against normal exchanges between consenting adults that hurts no one.  This one was low hanging fruit, because it was outlawing Coinbase.com and much of CA's FinTech unintentionally.

[Hamuki]

Its the first step of many, lets see of other states follow and will make BTC appear more in public!

[freedomno1]

That's another step forward for the economy
It's good to hear alternative currencies are now legal for transaction in California, even if there is no legal obligation for their acceptance in transactions.

[GreenStox]

Weed then BTC, Cali is always ahead of its own time

hehe atleast i'm not an alone toker here.
good step california, let's see how other states and value will rise.
fk these traders that started to dump on good news, dammit guys...

Because its not good news, now the hydra has more control over bitcoin and it could pose serious threats to it.

All this regulation BS will just make it harder and harder for people to trade freely and eventually they will create severe capital controls.

I dont know if its a good idea to cheer about this

[b!z]

This is a misleading title. California did not make bitcoin legal tender.

Legal tender means that you're obligated to accept it from someone who owes you money.

Bank notes and coins are legal tender. Credit cards are not. Bitcoin is not.