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Showing posts with the label max_kaiser

no, such-and-such place did not make Bitcoin "legal tender"

Last year it was Ecuador.  Last week it was Lugano.  Places keep claiming they have made Bitcoin "legal tender", and tards keep repeating it.  I watched some Max Kaiser thing on Youtube the other day.  He kept saying Bitcoin was legal tender in Ecuador. Legal tender means if it's offered in settlement of a debt, and refused, then the debt is cancelled.  So every business, and every individual, must have a capability to accept it. Example: last year I went, based on a recommendation from a friend, to a restaurant called "Wilding" on Little Clarendon St in Oxford.  They forgot the order and there was a delay of around an hour, but the food was tasty.  When it came time to pay, I took cash from my wallet.  They preciously informed me they "only accept" card payments.  I informed them that I wouldn't be doing that, and that they were free to refuse my payment in cash, but this would cancel any debt from me to them, due to the legal tender law. Le...