Bitcoin Introduction by Amir Taaki and Jamison Young
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2:41
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"There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services." - From treasury.gov
This, of course, pertains to U.S. citizens only. Essentially, there is no law saying that I must pay for something in legal tender. It is absolutely legal to pay for private transactions with anything from gold to livestock to bitcoins. Anyways, this was a very informative video, if a bit long-winded.
duffmasterofpuppets 2 months ago