4 ms·

If creditors were obligated to accept Bitcoin, does that mean that to be a creditor, you must maintain a Bitcoin address/wallet? Or could you still just say, "S

• bombcar 5y ago
  If you make it clean beforehand what the repayment terms are you should be fine - at least in a US-style law way (this is why you can say “no $100s” or “you can’t pay in pennies”. One you’ve a debt and you didn’t specify you may be required to accept payment (though if the debt is denominated in dollars the BTC is perhaps not as clear - does it have to be enough at the time of payment, settlement, etc?).
• viraptor 5y ago
  If this is actually implemented, there will be a lot of payment gateways which will take the BTC and give you today's USD equivalent immediately (minus processing fees). Pretty much the same situation as paying by foreign card.
• PragmaticPulp 5y ago
  It's concerning that the government has partnered with one particular startup company with a specific Bitcoin app for this. Depending on how the laws are written, essentially forcing people to use a specific startup's app to transact in the country could be the most egregious example of regulatory capture we've seen in recent history.
  • RustyRussell 5y ago
    Lightning developer here. Note that Strike is only one implementation of lightning (it's also open source, and an open standard). It's not even the most popular.
  • elsalviador 5y ago
    You did not do your homework. Read the proposed law before concern trolling. Nothing mentioned using only Company X or Y.