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Topic: (2014-01-09) Could a Civil War-Era Law Stamp Out Bitcoin? (Read 733 times)

sr. member
Activity: 868
Merit: 250
I think, this is an important condition:
Quote
..., intended to circulate as money or to be received or used in lieu of lawful money
http://www.gpo.gov/fdsys/pkg/USCODE-2011-title18/html/USCODE-2011-title18-partI-chap17-sec336.htm

Maybe it could affect micropayments denominated in Dollars with bitcoin, but then make the sum always larger than $1.  jmho, I am not a lawyer.

full member
Activity: 150
Merit: 100
lol companies send out checks all the time for less than $1.00 for a variety of reasons.
hero member
Activity: 784
Merit: 1000
You can't fight something new and creative with something backward.
member
Activity: 112
Merit: 10
Where was that rule about questions in headlines that someone posted a while back? Ah yes:

http://en.wikipedia.org/wiki/Betteridge's_law_of_headlines



Interesting, I did not know that! Thanks for the link!
hero member
Activity: 742
Merit: 500
Where was that rule about questions in headlines that someone posted a while back? Ah yes:

http://en.wikipedia.org/wiki/Betteridge's_law_of_headlines

member
Activity: 112
Merit: 10
Personally I think it's ridiculous. Hell the government itself has issued tokens/coins worth less than a dollar (Quarter, Nickel, Dime, Cent)
member
Activity: 112
Merit: 10
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