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if bitcoin ever becomes currency, who says courts won't have power to enforce payment via bitcoin? The main difference is inflating the money supply. The gover
by crimsonalucard 11y ago
if bitcoin ever becomes currency, who says courts won't have power to enforce payment via bitcoin?
The main difference is inflating the money supply. The government cannot control the supply of bitcoin the way they do with green dollars.
- dragonwriter 11y ago> if bitcoin ever becomes currency, who says courts won't have power to enforce payment via bitcoin? Bitcoin is currency. What it is not is legal tender. Courts in the US have the legal power to enforce payment in bitcoin or Euros or chickens or hours of service or any other form now. They also have well-established rules that they only do so in manners other than the legal-tender currency established by the government in certain exceptional cases.
- crimsonalucard 11y agoI agree, except for the part where you say bitcoin is currency. Most people will not accept bitcoin as a medium of exchange. I cannot go to my local grocery store and buy something with bitcoin. I can, however by something with dollars. Thus bitcoin is not yet a currency.