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Didn’t the grandparent comment explain that in such a case, legal tender doesn’t apply? There’s no debt in a normal shopping transaction, the shopkeeper is free

Didn’t the grandparent comment explain that in such a case, legal tender doesn’t apply? There’s no debt in a normal shopping transaction, the shopkeeper is free to accept whatever they wish or reject the transaction entirely.

deleted 5y ago
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arcticbull 5y ago
That's how it works in the US but it's mandatory in El Salvador. I believe the dictator there has been threatening folks who don't accept Bitcoin with punishment. Needless to say this is good for Bitcoin. [1] [1] https://u.today/el-salvador-government-to-punish-businesses-that-dont-accept-bitcoin https://u.today/el-salvador-government-to-punish-businesses-...
paulgb 5y ago
El Salvador’s adoption goes beyond making it legal tender, they require acceptance: > every economic agent must accept bitcoin as payment when offered to him by whoever acquires a good or service https://theconversation.com/bitcoin-will-soon-be-legal-tender-in-el-salvador-heres-what-that-means-167099 https://theconversation.com/bitcoin-will-soon-be-legal-tende...
- bee_rider 5y ago
  Bitcoins are at like $45k, if somebody comes in to the local CVS or whatever and buys a stick of gum with a bitcoin, are they expected to have $44,999 in change sitting around? That seems... odd.
topranks 5y ago
The law is here: https://twitter.com/nayibbukele/status/1402446890466217985 https://twitter.com/nayibbukele/status/1402446890466217985 Art. 7 states "Every economic agent must accept bitcoin as payment when offered to him by whoever acquires a good or service". So it goes beyond merely saying it's "legal tender".