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Pure FUD.
Bitcoiners don't trust, we verify.
Bitcoin is still literally called "legal tender" in the new law.
Yes, the statist compulsion elements are gone, and who cares. No more acceptance coercion. Government stays out of it. This is all as it should be with a freedom money. Free competition in currency is the very thing. All good.
English translation of the Reform Law dated January 29, 2025
"Art. 1. This law aims to regulate bitcoin as legal tender, defined by its unlimited liberatory power with voluntary acceptance by natural or legal persons, with full private participation exclusively in any transaction and under any title they wish to carry out."
Are you a fucking moron?
Bitcoin cannot be a fucking "legal tender". It was all a lie from the beginning, a test, a trap. Now El Salvador will became the "Tether country". MARK MY WORDS.
Every time I hear people talking about "X country will declare Bitcoin as legal tender..." I just laugh. They have no idea what is legal tender.
Bitcoin CANNOT be legal tender! To be legal tender it means to be endless DEBT. Bitcoin is to empower the sovereign individual and not the states! Let's stop this crap bullshit with "make Bitcoin legal tender" ! Is a total fallacy! Instead, focus on empowering individuals using Bitcoin every fucking day without any gov permission.

What is a "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”.
These fiat bills are contracts:
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...
Bitcoin is NOT to be "adopted" by countries, is to be used as money by individuals, Bitcoin empowers individuals not countries.
So please give me a break with this bullshit that "Bitcoin is still legal tender" in El Salvador. Bitcoiners should never care in the first place about all that crap so called "law".
You use Bitcoin because you want to not because a gov is telling you...
BE A MAN WITH STEEL BALLS AND USE BITCOIN WHEREVER THE FUCK YOU WANT, DON'T WAIT FOR A GOV TO TELL YOU THAT YOU CAN USE IT.
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It's you who is the "fucking moron", mate. And you sadly lack manners, every time I see you self-important clown.
The true significance for Bitcoin being called "legal tender" has nothing to do with anything what you write. That's all government stuff, for those who love that the government can just force people to do as it pleases by violence.
This wording is all about some legal consequences which it has in certain international accords. Takes a knowledge which you lack even more than manners or intelligence.
Piss off and don't ever talk to me again. Go to some playground for imbecile retards.
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you are just a fucking statist moron. Go back to your cage.
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It's you who is the "fucking statist moron". Because legal tender laws are "fucking statist" in their nature.
So true bitcoiners actually do not support legal tender laws. Clearly that's not you imbecile retard who simps to states.
The challenge was - and ES solved that Gordonic know perfectly in a sly way - to name it "legal" tender. Of course imbecile statist retards like you and likely the IMF people don't grok that.
Again: Piss off and don't ever talk to me again. Go to some playground to the other imbecile retards.
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buahahahha definitely you are a fucking moron
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Honestly, I was not surprised about this.
The very essence of Bitcoin is a tool for individual sovereignty. If the Reform Law truly recognizes Bitcoin as legal tender, always remember that Bitcoin value and utility are not derived from any central authority endorsement. Bitcoin works on the principles of individual sovereignty and voluntarism.
Furthermore, the term "legal tender" ties currency to state control, an implication that greatly contradict the very freedom Bitcoin offers.
Ultimately, the road to mass Bitcoin adoption will be achieved by individuals who understand well that every human being was born free and beyond the boundaries of national laws.
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That's literally the meaning of "legal tender"
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It is kind of correct that such similar was meaning, noting that more and more was piled on to the term with time. What those genuinely interested need to know is the power of those two little words in international trade agreements.
Take UNCITRAL CISG Art (2) as an example: "A further nuance arises, however, in relation to a particular sub-category of cryptocurrencies: those issued by central banks. Though cryptocurrency fungibility is assumed by some existing literature, not all cryptocurrencies are alike. Central bank digital currencies (‘CBDC’s’) differ from other cryptocurrencies in one critical respect for CISG article 2(d)’s purposes: they have State backing, and also constitute legal tender in their issuing State for that reason. Though CBDC’s are not yet common, some States are ‘dabbling’ in this area, and China in particular has taken significant steps towards launching its digital yuan. If CISG article 2(d) is read as referring to State-issued money, CBDC trade (as one particular type of cryptocurrency trade) would actually be excluded from the CISG’s scope.
At first glance, the CISG’s differing application to these two types of cryptocurrencies might appear artificial. It must nevertheless be kept in mind that although CBDC’s have no physical representation via notes and coins, traditional State-issued money is often transacted electronically in any event: even more so during the COVID-19 pandemic. Analogising CBDC’s with traditional State-issued money, for CISG article 2(d)’s purposes, therefore has at least some practical basis.
Differentiating CBDC’s from other cryptocurrencies for the purposes of the CISG’s application is not dissimilar to the existing distinction between equivalent traditional and digital goods that has plagued sales laws around the world and that I otherwise remedy (in the CISG context) in this article. This particular CBDC problem arguably reflects the law’s overall ‘nascent’ ability to deal with cryptocurrencies."
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