Weed then BTC, Cali is always ahead of its own time
Actually Colorado and Washington are ahead of California in terms of weed. California still doesn't allow recreational use of it, you still need a red card.
Topic: California makes Bitcoin Legal Tender (Read 6236 times)
Actually Colorado and Washington are ahead of California in terms of weed. California still doesn't allow recreational use of it, you still need a red card.
hummmm i live in california and this is news to me...
Me too, first I've seen of this. Time to read up and see how it got past me!
now that the government says so
I shall now begin, for the first time ever,
thinking of bitcoin as currency
I shall now begin, for the first time ever,
thinking of bitcoin as currency
The bill enables businesses to accept currencies other than US dollars as payment. This includes foreign currencies and cryptos. This is not legal tender. Legal tender means shops are legally required to accept other currencies. This is not the case.
The Bill made it "Lawful Money" not legal tender. As you have said, the difference is vast.
California in our predilection for totalitarianism had unique legal environment in the USA that forbids all trade unless it uses lawful money.
So this legal stupidity has been repealed and replaced with slightly less stupid laws.
http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201320140AB129
The bill enables businesses to accept currencies other than US dollars as payment. This includes foreign currencies and cryptos. This is not legal tender. Legal tender means shops are legally required to accept other currencies. This is not the case.
hummmm i live in california and this is news to me...
I`m not sure what legal tender means but in my country stuff like gold and silver is a commodity, and only the local currency is allowed.
So bitcoin is kind of a new thing everywhere.
hummmm i live in california and this is news to me...
This is a misleading title. California did not make bitcoin legal tender.
Legal tender means that you're obligated to accept it from someone who owes you money.
Bank notes and coins are legal tender. Credit cards are not. Bitcoin is not.
Legal tender means that you're obligated to accept it from someone who owes you money.
Bank notes and coins are legal tender. Credit cards are not. Bitcoin is not.
Weed then BTC, Cali is always ahead of its own time
hehe atleast i'm not an alone toker here.good step california, let's see how other states and value will rise.
fk these traders that started to dump on good news, dammit guys...
Because its not good news, now the hydra has more control over bitcoin and it could pose serious threats to it.
All this regulation BS will just make it harder and harder for people to trade freely and eventually they will create severe capital controls.
I dont know if its a good idea to cheer about this
That's another step forward for the economy
It's good to hear alternative currencies are now legal for transaction in California, even if there is no legal obligation for their acceptance in transactions.
It's good to hear alternative currencies are now legal for transaction in California, even if there is no legal obligation for their acceptance in transactions.
Its the first step of many, lets see of other states follow and will make BTC appear more in public! 
"Legal tender" is obviously bad wording.
But California made a great thing and it's a great step forward for BTC.
Just... don't expect the price get to 1000$ because of this, mkay?
But California made a great thing and it's a great step forward for BTC.
Just... don't expect the price get to 1000$ because of this, mkay?
"Legal Tender" would be a BAD thing. (It forces acceptance)
California Law makes Bitcoin "Lawful Money" which is a GOOD thing. (It allows acceptance)
California is unusual in that it had a really stupid law previously that made all sorts of commerce in the state illegal if it wasn't conducted with US Dollars. This new law fixed that, more or less. Most places do not have as many stupid laws as California and have no need of such fixing.
So it is good, but not great and other places need not follow in order to be in the same situation.
well at least it is a step in the right direction to in some ways and other ways not good but same time making it legal and accepted it will get widely noticed more as its something that they ruled in and more of the public in California am sure will begin to find out about it as more company's start to use it and get rid off stupidly high fees though the backs and exchanges if doing over seas transactions
It is sometimes astounding how much a legislative body can become less stupid by removing one of its laws against normal exchanges between consenting adults that hurts no one. This one was low hanging fruit, because it was outlawing Coinbase.com and much of CA's FinTech unintentionally.
"Legal tender" is obviously bad wording.
But California made a great thing and it's a great step forward for BTC.
Just... don't expect the price get to 1000$ because of this, mkay?
But California made a great thing and it's a great step forward for BTC.
Just... don't expect the price get to 1000$ because of this, mkay?
"Legal Tender" would be a BAD thing. (It forces acceptance)
California Law makes Bitcoin "Lawful Money" which is a GOOD thing. (It allows acceptance)
California is unusual in that it had a really stupid law previously that made all sorts of commerce in the state illegal if it wasn't conducted with US Dollars. This new law fixed that, more or less. Most places do not have as many stupid laws as California and have no need of such fixing.
So it is good, but not great and other places need not follow in order to be in the same situation.
well at least it is a step in the right direction to in some ways and other ways not good but same time making it legal and accepted it will get widely noticed more as its something that they ruled in and more of the public in California am sure will begin to find out about it as more company's start to use it and get rid off stupidly high fees though the backs and exchanges if doing over seas transactions
"Legal tender" is obviously bad wording.
But California made a great thing and it's a great step forward for BTC.
Just... don't expect the price get to 1000$ because of this, mkay?
But California made a great thing and it's a great step forward for BTC.
Just... don't expect the price get to 1000$ because of this, mkay?
"Legal Tender" would be a BAD thing. (It forces acceptance)
California Law makes Bitcoin "Lawful Money" which is a GOOD thing. (It allows acceptance)
California is unusual in that it had a really stupid law previously that made all sorts of commerce in the state illegal if it wasn't conducted with US Dollars. This new law fixed that, more or less. Most places do not have as many stupid laws as California and have no need of such fixing.
So it is good, but not great and other places need not follow in order to be in the same situation.
this might be the right or wrong step in the right direction. The wrong being a tax on bitcoin and more regulation.
Our btc is growing up. Wont' be long before btc is common place as a means of payment. I look forward to the day when PayPal is second fiddle to btc methods of payment.
"Legal tender" is obviously bad wording.
But California made a great thing and it's a great step forward for BTC.
Just... don't expect the price get to 1000$ because of this, mkay?
But California made a great thing and it's a great step forward for BTC.
Just... don't expect the price get to 1000$ because of this, mkay?
they are really something in California
http://cointelegraph.com/news/113235/bitcoin-becomes-legal-tender-for-transactions-in-california
California Governor Approves Bitcoin for Transactions:
Bitcoin can be accepted and used for transactions in the US state of California as of yesterday, following the ratification of a new finance bill. Previously, only US Dollars were officially recognized, but the new bill allows for the use of other national and digital currencies.
Among a raft of new legislation coming into force for 2015 in California is the bill AB129 passed by Governor Jerry Brown in mid-2014. Aimed at ending a prohibition against using any alternative to US dollars for commerce in the state, the bill recognizes and permits the use of alternate currencies for transactions, including digital currencies such as Bitcoin, at the legislative level.
http://cointelegraph.com/news/113235/bitcoin-becomes-legal-tender-for-transactions-in-california
California Governor Approves Bitcoin for Transactions:
Bitcoin can be accepted and used for transactions in the US state of California as of yesterday, following the ratification of a new finance bill. Previously, only US Dollars were officially recognized, but the new bill allows for the use of other national and digital currencies.
Among a raft of new legislation coming into force for 2015 in California is the bill AB129 passed by Governor Jerry Brown in mid-2014. Aimed at ending a prohibition against using any alternative to US dollars for commerce in the state, the bill recognizes and permits the use of alternate currencies for transactions, including digital currencies such as Bitcoin, at the legislative level.
Funny joke. A state can not make a decentralized digital currency a legal tender. California is just allowing bitcoin transaction and that is a good step forward.
ever way making legal tender or not an actual state allowing to use Bitcoin and to do business with is a good leap forward in the right direction of more business picking it up adopting it and more people seeing the logo and wondering what it is all about and no doubt, the more people see it and start to think about it and begin to use it the better it will get.
Weed then BTC, Cali is always ahead of its own time
hehe atleast i'm not an alone toker here.good step california, let's see how other states and value will rise.
fk these traders that started to dump on good news, dammit guys...
Weed then BTC, Cali is always ahead of its own time
Jump to: