3 ms·
Isn't the whole point of Bitcoin to bypass the entire concept of "legal tender"?
by Tabular-Iceberg 5y ago
Isn't the whole point of Bitcoin to bypass the entire concept of "legal tender"?
- pinkybanana 5y agoThere is no centrally defined "point of Bitcoin".
- crypto-cousin 5y agoSounds like you grasp the key concepts of decentralization :)
- timdaub 5y agono?
- ben_w 5y agoI think you’re mixing up “fiat currency” with “legal tender”. The former being “money created and backed by the power of a government” and the latter being “money which a government says courts are required to recognise when offered as payment for a debt”. If we were on the gold standard, gold would be legal tender, even though it isn’t fiat.