Comment on Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]parentComments−corpdronejuly4yI'm curious now... could a state just stop accepting USD and demand gold and silver.−ceejayoz4yNo, because Federal law says they have to accept USD.The Federal government has (and has exercised) the power to expand the definition of legal tender. The states do not.−AnimalMuppet4yMaybe if they didn't want to get paid.(And that could actually happen. Say the state decides that they don't want to do X, but state or federal law says they have to. Well, fine, but there's a fee for X. The state just requires that you have to pay it in gold or silver.)−posterboy4yI'm curious now, could a state just stop being reasonable?−ceejayoz4ySure.https://en.wikipedia.org/wiki/1861_in_the_United_States−corpdronejuly4yHave you seen the news in Florida... on most days?
Comments
I'm curious now... could a state just stop accepting USD and demand gold and silver.
No, because Federal law says they have to accept USD.
The Federal government has (and has exercised) the power to expand the definition of legal tender. The states do not.
Maybe if they didn't want to get paid.
(And that could actually happen. Say the state decides that they don't want to do X, but state or federal law says they have to. Well, fine, but there's a fee for X. The state just requires that you have to pay it in gold or silver.)
I'm curious now, could a state just stop being reasonable?
Sure.
https://en.wikipedia.org/wiki/1861_in_the_United_States
Have you seen the news in Florida... on most days?