4 ms·
> The acceptance of fiat in a transaction is not enforced. I don't know what jurisdiction you're in, but if you happen to have any USD lying around, you'll see
by nateabele 5y ago
> The acceptance of fiat in a transaction is not enforced.
I don't know what jurisdiction you're in, but if you happen to have any USD lying around, you'll see a note that says 'This note is legal tender for all debts, public and private'—this refers to legal tender laws which, in the US at least, means that if you refuse to accept USD for a transaction within the United States, then the debt is legally unenforceable. I don't see how that squares with what you've said above, but if I've misunderstood you (or there are different rules where you live), please correct me.
- thedufer 5y agoI think you're talking past one another. The thing you're taking about is specific to debts, but merchants are well within their rights to reject transactions, as no debt has yet been incurred. This is why it is perfectly legal to, for example, not accept $100 bills.
- shadowgovt 5y agoYou'd think that, but not even the local DMV actually accepts cash dollars. They lack the security tools necessary to store and transfer them to the bank, so they've gone to requiring checks, money orders, or credit card