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I wonder if Bitcoin could ever be legal tender in USA. Why would the US government allow the use of a currency it cannot control? I certainly do not understand
by throw_m239339 5y ago
I wonder if Bitcoin could ever be legal tender in USA. Why would the US government allow the use of a currency it cannot control? I certainly do not understand who would any country make Bitcoin legal tender at first place, unless that country has no stable currency to begin with, and even so, why wouldn't they peg their currency on the Dollar or the Euro instead?
From a financial perspective, I see no advantage in adopting Bitcoin.
- TheDudeMan 5y agoIs it a given that no currency can succeed unless it is blessed as "legal tender" in a given country? Honest question.
- JanisL 5y agoCurrencies exist to fill a need. Legal tender fills the need to be able to pay taxation obligations. Other currencies can exist for other needs, see scrip for an example of this.