Baby steps! Looking forward to more updates like this. A long way to go as Milea is meeting with the IMF often and we know their stance.
10 sats \ 10 replies \ @JustinGoldberg 23 Dec 2023
Uh oh
Scammers are ruining the Central African Republic
"We ratify and confirm that in Argentina contracts can be settled in Bitcoin. And also any other crypto
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31 sats \ 2 replies \ @franzap 23 Dec 2023
Even though I'm anti shitcoin I think this is good.
Removing legal tender laws > imposing legal tender laws
If people have to get burned with scams, so be it. It's a step in their journey to bitcoin
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0 sats \ 1 reply \ @chairman_pretense 23 Dec 2023
Doesn't repealing the laws this way mean if someone owes you money, you must accept shitcoin in repayment of that debt?
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0 sats \ 0 replies \ @franzap 23 Dec 2023
Not sure how it works, but I don't think so. Perhaps there's a default currency unless specified by a contract? Otherwise they could pay back in uranium or metal scraps or cow shit
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21 sats \ 4 replies \ @anon 23 Dec 2023
They're removing all restrictions on settling contracts. You can settle in chickens if you want.
No way they'd be able to justify prohibiting settling contracts in ETH if you can settle in chickens. It's a libertarian government.
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21 sats \ 0 replies \ @BitcoinIsTheFuture OP 23 Dec 2023
In a free market, what do you think wins?
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0 sats \ 2 replies \ @chairman_pretense 23 Dec 2023
Who do the restrictions apply to? Creditors or debtors? The way this is expressed makes it appear that creditors must accept any currency in repayment of debt, which would mean having to accept eth if someone owed you money.
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0 sats \ 1 reply \ @anon 23 Dec 2023
Certainly not. They're repealing forced legal tender laws, the laws that force people to accept fiat. Without those laws private entities can choose to accept whatever.
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0 sats \ 0 replies \ @chairman_pretense 23 Dec 2023
My understanding is a creditor can accept whatever they wish and settle any debt any time they choose.
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0 sats \ 0 replies \ @Nuttall 23 Dec 2023
Central African?
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0 sats \ 0 replies \ @BitcoinIsTheFuture OP 23 Dec 2023
Yup, be careful out there!
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