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Re:Cryptoqueen: A woman scammed the world, then vanished by tsimionescu on Sunday November 24, 2019 @03:47AM (#21619193)
It's even more than that. You are legally required to accept the national currency for the settlement of debts. If you are a US entity and we have a contract where I owe you 1 btc, you must accept the equivalent amount of dollars as settlement of the debt.

You are allowed to accept payments in different currencies, or even barter, but you can't require them.

Re:Cryptoqueen: A woman scammed the world, then vanished by beerandt on Sunday November 24, 2019 @09:03AM (#21620476)
That's not entirely true. It's perfectly legal to specify contractual terms of payment, including what form it must take.

It's only when the form of payment isn't specified, that dollars must accepted, by default.

If our contract was specifically for 1 BTC, it's legal to demand 1 BTC, and to otherwise sue for breach of contract.

After all, how else would a contract for currency exchange be enforced?

If you owed me 1 btc because I paid you 1.02 btc in dollars (2% transaction fee), it would make no sense to allow you to simply repay me with the equivalent of 1 btc in dollars, and consider that to be a settled debt.

Re:Cryptoqueen: A woman scammed the world, then vanished by svaigs on Wednesday November 27, 2019 @07:59AM (#21647440)
That is not true for UK where there are different pounds which are printed by different banks. Some of these pounds are NOT LEGAL - you are free to refuse accept them. They are there because people agree to use them.

And no - money has nothing to do with taxes and initially it was based on social agreement. Pacific stone coins weight tonns - some of the ones that are still in use physically do not exist anymore or are inaccessible in the bottom of ocean.

So from that viewpoint these cryptocurrencies all are like early monies - based on agreements and trust.

And ffs - people are weird these days - money is worth only when dealing with other people - taxes(earliest form of robbery) is not and wont be one of the reasons for money to exist. Goverment, that takes care for people and decide what they have to do and think don't need money to run society. Money is needed when independent people/souzerains deal with other people - slaves and children and sick/unsane dependant people and pet animals do not need money as they have no voice in these matters