Legal Tender

A “tender” is the name given to a small boat that “tends” to the needs of a larger ship, usually by transporting people or supplies from shore or another ship.

With the word legal referring to a contract, the term “legal tender” means to “tend” to a debt sometime in the future, by way of contract.

Meaning, by using legal tender the debt is never paid, as the “small boat” never left the “shore” to deliver the “money”.

Theese are contracts:

https://m.stacker.news/27278

121 sats \ 7 replies \ @DarthCoin 19 Apr 2024

Well said. That's why saying "Bitcoin is legal tender" is kind of moronic thing.

121 sats \ 6 replies \ @Lux 19 Apr 2024

I tried to find the exact words as written in the El Salvador Bitcoin law, but found only the proposition of the law. It says "Bitcoin is regulated as legal tender" not "Bitcoin is legal tender". If something is as something else, it's not that thing.

0 sats \ 5 replies \ @Hamstr 21 Jul 2024

fer reals that's what it says? Regulated?

70 sats \ 4 replies \ @Lux 21 Jul 2024

couldn't find the law, only the proposition. it says regulated as

103 sats \ 2 replies \ @supratic 21 Jul 2024

Art.1. La ley tiene como objeto la regulación del bitcoin como moneda de curso legal, irrestricto con poder laboratorio, ilimitado en cualquier transacción y a cualquier título que las personas requieran realizar.

0 sats \ 0 replies \ @Hamstr 21 Jul 2024

Thanks, don't understand.. but I used it for my post(to search) below. This was useful -good job finding it

Legal Tender

Citizenship