2 ms·
> it can be used for such purposes, not that it must be accepted Before the contract is agreed to, the parties can make any arrangement they want, including ag
by mcherm 14y ago
> it can be used for such purposes, not that it must be accepted
Before the contract is agreed to, the parties can make any arrangement they want, including agreeing to pay in bitcoins. But if one party fails to deliver and they wind up in court, then the court (as kragen pointed out) will almost never require them to deliver the item, the court will instead require that the victim be compensated and will allow dollars to be used to compensate them.
Now, if bitcoins were worth $250 each at the time the deck got painted and are only worth $160 each by the time the court case completes, there is a fairly good chance that the court will demand the $250 price be used to determine what the compensation should be.