Damus
Joe · 153w
Thats not totally correct. Legal tender and forced tender are separate. Legal tender status woukd allow you to pay taxes or outstanding debts in bitcoin, but on the other hand there is nothing illegal...
Joe profile picture
Legal tender basically means it can be used to oay taxes or private debt, like in a court of law. It doesnt mean other moneys not designated as legal tender are illegal to use. El Salvador is a little fuzzy because it is legally forced tender, but with ways out of accepting (not having tech) or being able to instantly transfer to dollars. But in theory i dont like the idea of forcing anything on anyone
2
orangedog · 153w
forced is never good but.. the money mostly transacted in , within a jurisdiction, is fairly necessary in terms of trade, no? Otherwise ppl are trying to calculate foreign exchange whenever they buy a bag of chips 🤷‍♀️
Joe · 153w
Yes its very convenient lets say, but not forced as in illegal to not accept.