California makes it legal to pay with Bitcoin and other virtual currencies

Cicero2.0

member

Activity: 98

Merit: 10

★☆★Bitin.io★☆★

Quote from: Malin Keshar on June 30, 2014, 09:48:07 PM

Quote from: Lauda on June 30, 2014, 09:22:31 PM

Finally something good for Bitcoin.

This is far from being the first good new for bitcoin. That law was in no way inforced, so its almost the same as usual, but everyday there are shops accepting bitcoins, that MIT stuff, laws and regulations favorable to BTC, etc, etc... , just the FUD and bad news can be too noisy sometimes

Yep. There has been a ton of good news for bitcoin if one is paying attention. I think such a long string of good news has made us a bit ho hum about these stories.

lihuajkl

legendary

Activity: 1596

Merit: 1000

Quote from: jbreher on June 30, 2014, 02:16:43 AM

Quote from: Riniaiokl on June 29, 2014, 03:56:18 PM

Legalize bitcoin? Why do they need to do anything. Isn't something legal by default unless it's made illegal?

Yes. But Cali's law is funny that way. Long before Bitcoin was invented, they passed a law barring many types of payments. The definition they used in this law just happened to include Bitcoin. This new law exempts Bitcoin from this class of illegal payment mechanisms.

Never mind. At least the law making can adapt to the changing situation and are able to service the great interest of the population in Cali.

jbreher

legendary

Activity: 3024

Merit: 1640

lose: unfind ... loose: untight

Quote from: bitbaby on June 30, 2014, 09:59:43 PM

Has Vegas legalized it yet?

It wasn't ever illegal in NV. The Golden Gate and the D have been accepting Bitcoin for food & lodging for quite some time now.

bitbaby

hero member

Activity: 812

Merit: 1000

This is great news, it will attract more people in I am sure and I think it is because of the government bitcoin auction, since the government itself is selling bitcoins, no reason why it shouldn't be legal.

Has Vegas legalized it yet?

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: commandrix on June 29, 2014, 03:41:47 PM

Essentially, California previously had a law on the books that you could only buy and sell with U.S. dollars in California although it hasn't really been enforced. And now you can pay with cryptocurrencies. http://www.engadget.com/2014/06/29/california-law-clears-bitcoin-payment/?ncid=rss_truncated

California enacted the currency law in response to the use of the Mexican peso in commerce within the state.

No one paid much attention to it anyway.

Just grandstanding.

Malin Keshar

hero member

Activity: 616

Merit: 500

Quote from: Lauda on June 30, 2014, 09:22:31 PM

Finally something good for Bitcoin.

This is far from being the first good new for bitcoin. That law was in no way inforced, so its almost the same as usual, but everyday there are shops accepting bitcoins, that MIT stuff, laws and regulations favorable to BTC, etc, etc... , just the FUD and bad news can be too noisy sometimes

Skele

full member

Activity: 224

Merit: 100

VocalPlatform.com

Quote from: Lauda on June 30, 2014, 09:22:31 PM

Finally something good for Bitcoin.

Everything, even bad news are good for Bitcoin and it's holders, in fact bad news increases more Bitcoin's popularity...

montreal

full member

Activity: 328

Merit: 100

Quote from: Eotnak on June 30, 2014, 04:53:52 PM

Sounds like someone in Silicon Valley wanted a bitcoin startup, their lawyers found this law, they threw some money at their lobbyist, and here we are today with this news. Another day in politics.

Agreed, at first Dickinson seemed to cloak this bill in amazon coins, starbucks stars, coupons, and reward points. He spoke modestly about bitcoin and played neutral but that quickly changed. A little "positive" media couldn't hurt either

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Finally something good for Bitcoin.

Malin Keshar

hero member

Activity: 616

Merit: 500

Quote from: Riniaiokl on June 29, 2014, 03:56:18 PM

Legalize bitcoin? Why do they need to do anything. Isn't something legal by default unless it's made illegal?

Think he meant regulated? Or at least with a warranty of btc not being banned in the near future, so there is more safety when accepting it for payment.

jabo38

legendary

Activity: 1232

Merit: 1001

mining is so 2012-2013

however or why ever, it is good news

Eotnak

member

Activity: 117

Merit: 10

Sounds like someone in Silicon Valley wanted a bitcoin startup, their lawyers found this law, they threw some money at their lobbyist, and here we are today with this news. Another day in politics.

gondel

legendary

Activity: 1946

Merit: 1005

California love!
California is the best state of USA!
You make everything which is good and iligal LEGAL Cheesy

I have o say it again everything which is good!
Hope when BTC goes high enough I can visit you and spend little on bars, hotels and souvenirs in your state!
Wish you all LUCK!
br

allthingsluxury

legendary

Activity: 1540

Merit: 1029

Good news. Cheesy

jbreher

legendary

Activity: 3024

Merit: 1640

lose: unfind ... loose: untight

Quote from: CoolBliss on June 30, 2014, 06:32:16 AM

This is great news. Other states tend to follow Cali's lead on a number of issues.

I am unaware of any other states that have such insane laws that required the exemption.

skyisblue

newbie

Activity: 3

Merit: 0

It is a good news， because more people know bitcoin.

haploid23

legendary

Activity: 812

Merit: 1002

Seeing how the US government auctioned off a shit ton of bitcoins, I don't see how California or other soon-to-follow states wouldn't call it legal, otherwise they'll just contradict each other. Written law that legalize bitcoin is actually a pretty big step forward for crypto currency's legitimacy.

CoolBliss

member

Activity: 97

Merit: 10

This is great news. Other states tend to follow Cali's lead on a number of issues.

jbreher

legendary

Activity: 3024

Merit: 1640

lose: unfind ... loose: untight

Quote from: Riniaiokl on June 29, 2014, 03:56:18 PM

Legalize bitcoin? Why do they need to do anything. Isn't something legal by default unless it's made illegal?

Yes. But Cali's law is funny that way. Long before Bitcoin was invented, they passed a law barring many types of payments. The definition they used in this law just happened to include Bitcoin. This new law exempts Bitcoin from this class of illegal payment mechanisms.

Riniaiokl

newbie

Activity: 48

Merit: 0

Legalize bitcoin? Why do they need to do anything. Isn't something legal by default unless it's made illegal?

Topic: California makes it legal to pay with Bitcoin and other virtual currencies (Read 1530 times)