You are totally wrong. If you do not convince the government, bitcoin will never succeed on a global scale (assuming success is meant by btc being used as a legal payment method without any extra fluff around it), because normal people will not be able to use it efficiently. If bitcoin is not legally considered cash and you have to pay tax on every purchase, who is going to use it? (only @DarthCoin who does not pay taxes :) and all enthusiasts who do non-KYC purchases).
Keep it up guys. This is a very good approach. The more we talk about it, the more people start noticing it, the more it becomes truth.
Define legal tender.
Bitcoin do not need any gov or pilitical approval.
Stop being a child looking for parents approval.
Be the adult that don't need nobody's approval to be free.
Especially about their own money.
If 2 people want to trade their goods and services in pink shells, is their problem and private agreement that their trade will be exchanged in pink shells and is nobody's damn business why they use pink shells.
Now comes the famous term "legal tender" that is totally something else and many people use it without even knowing what does it means that term.
Legal tender:
Any retailer or individual could refuse to use a legal tender. Nobody can force you to use it.
Why? What is the point of a legal tender then?
The point is that you cannot force a retailer to accept legal tender or indeed any other form of tender. If, however, you buy something from them and there is no contractual barrier to the use of any form of tender, and you offer legal tender in payment, and they refuse it, then they cannot enforce the debt in court.
That's what legal tender means: it's about discharging debts. If you incur a debt you can discharge it with legal tender, but you cannot be forced to incur the debt in the first place, if you see what I mean...
You mean when something disturbing happens between two people, maybe one is being dishonest, since it's a private transaction, so no other third parties can help.
But after the setup of Legal tender ( in a sense, it's like using other people's rules), then the third party can step in to sort things out with the law, like in the fiat system 👀
Yes.
"Legal" in the term of "legal tender" it doesn't mean it can be forced to be accepted (as many think it is). It simply means: the currency in which the dispute can be settled.
Nobody can force you to accept something you do not want.
Yes, in theory you are right. Now, sell that to the 8 billion normies out there who are obedient citizens and pay taxes. How many takers to that theory?
This is important but we are likely look at degree of importance differently. Countries with high adoption rate are rich countries. Plus Russia or Ukraine where people use bitcoin as emergency money. Without any permission.
I am prepared that my bank accounts will be blocked overnight. That might happen in Russia because I was political activist and that may happen in every western country nowadays. I was just lucky to get in before the war.
Nobody can force you to accept something you do not want.