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0 sats \ 3 replies \ @Undisciplined 5 Apr 2024 \ parent \ on: 6102 order gave people less than 30 days to surrender their gold bitcoin
What part of that was missing from gold during the gold standard era?
Is it just this particular use of "discharge" that your including in the definition?
That's the part I don't think is part of the definition though.
in a gold standard the debt is payed with lawful money
in a fiat system the debt is payed(discharged) with legal tender, a legal fiction
the state inc. doesn't have jurisdiction over lawful money, only over that wich it creates
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Ok, so even though gold was legally recognized as money, because it had been used as lawful money, it doesn't become legal tender.
Is that the distinction you're getting at?
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they had to make the "institution of legal tender" for to remove lawful money from the system
this at least what I learned, if I'm wrong, I will happily adjust
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