0 sats \ 3 replies \ @phaedrus 28 Jan 2022 \ on: Arizona Bill Making Bitcoin Legal Tender bitcoin
Wow! What’s the implication if this gets approved?
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40 sats \ 2 replies \ @0268486dc4 OP 28 Jan 2022
I don't actually think it will. The US constitution prevents States from adopting their own legal tender besides gold and silver, but it gets the conversation going.
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22 sats \ 0 replies \ @sidewaysram 29 Jan 2022 freebie
it wouldn't be the first time something gets approved at the state level which goes against the constitution - the ongoing argument if it does will be good for bitcoin.
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20 sats \ 0 replies \ @LibreLoya 29 Jan 2022
"No State shall make any thing but gold and silver Coin a Tender in Payment of Debts"
If Bitcoin is "unconstitutional" according to this, then Fiat also became unconstitutional in 1971 when they removed the Gold Standard.
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