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You do realise that what is legal tender in a country can change right? He's dreaming about the day the United States, or whatever country patio lives in, chang
by tinco 12y ago
You do realise that what is legal tender in a country can change right? He's dreaming about the day the United States, or whatever country patio lives in, changes its legal tender to be bitcoin.
(btw: More logical than changing the tender of dollars to bitcoin would be to tie the value of the dollar to a fixed amount of bitcoin. Which would be the same thing but without losing the word 'dollar'.)
- krapp 12y agoFair enough. But 'legal tender' still implies the force of fiat. Switching to Bitcoin wouldn't be the same as switching to Euros, to me it would mean a government admitting to the rest of the world that it no longer has the means or the will to regulate its own economy.
- true_religion 12y agoSome countries already do that by pegging their currency to a foreign one, or by allowing foreign currency to be freely transacted within their nation.