Do you know of any examples of this to share? For example, you're about to pay at a shop or cafe. They tell you the total and you say something like "I've had just about enough of your fiat nonsense."
Topic: Examples of public rejection of fiat (Read 1384 times)
As a cashier, I'd be more than delighted to give every customer that pays with cash the finger and a pamplet that gives them the news flash to get updated with the rest of the world.
But sadly I have to reject this urge and smile as I cringe counting small coins to give back to the customer's because nothing is ever a fucking exact amount.
And yes, I just got off work and needed a place to express my fustrations. Why can't these fiat holders give in and pay for their groceries in bitcoin.
But sadly I have to reject this urge and smile as I cringe counting small coins to give back to the customer's because nothing is ever a fucking exact amount.
And yes, I just got off work and needed a place to express my fustrations. Why can't these fiat holders give in and pay for their groceries in bitcoin.
If counting notes is the only issue, paying with credit card would solve it.
Why do you need Bitcoin?
People have always rejected FIAT at some point. May it be burning banknotes or inventing local currencies. Take a look at all the local currencies there are, which are also supposed to support local trade and help building a local identity.
The only condition where I can see when supplier don't accept fiat is because the item or services was meant to be given away for free. There are places where businesses don't accept credit card but fiat is generally a yes. Perhaps this could change one day when shops will only accept bitcoins and nothing else.
As a cashier, I'd be more than delighted to give every customer that pays with cash the finger and a pamplet that gives them the news flash to get updated with the rest of the world.
But sadly I have to reject this urge and smile as I cringe counting small coins to give back to the customer's because nothing is ever a fucking exact amount.
And yes, I just got off work and needed a place to express my fustrations. Why can't these fiat holders give in and pay for their groceries in bitcoin.
But sadly I have to reject this urge and smile as I cringe counting small coins to give back to the customer's because nothing is ever a fucking exact amount.
And yes, I just got off work and needed a place to express my fustrations. Why can't these fiat holders give in and pay for their groceries in bitcoin.
Do you know of any examples of this to share? For example, you're about to pay at a shop or cafe. They tell you the total and you say something like "I've had just about enough of your fiat nonsense."
Rejection of fiat - not too far away in the future.
http://www.coindesk.com/bullion-dealer-amagi-metals-stop-accepting-fiat-currency/
Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, ...
(emphasis mine)Are you sure? In many countries it seems a particular fiat currency cannot be refused as a means of satisfying a debt. When you wish to purchase something, you are not in debt to the vendor and are typically free to negotiate the medium of exchange, with both having the legal right to refuse to trade.
Furthermore, I suspect that even in satisfying a debt, you might still lack the legal right to force your creditor to accept fiat cash. If some form of currency is "legal tender" for debts that doesn't necessarily mean that an official physical form of that currency must be accepted. I would expect the law to contain loopholes to allow creditors to refuse, for example, sacks of coins.
At some Apple retail outlets, you can't purchase merchandise with cash aside from Gift Cards.
Not sure how this works, but you can use your cash to purchase a gift card then use the gift card to purchase your item.
,Not sure how this works, but you can use your cash to purchase a gift card then use the gift card to purchase your item.
That is not what Op wanted to hear I'm afraid that he hates FIAT and he thinks that if you reject money people will pay more attention to bitcoin and other cryptocurrencies. But I don't think you can do it at this stage of our our revolution. It is too early and people are used to money too much to abandon it just on a whim.
A good way is to give let's say 10% off if you pay with btc. Lots of people will suddenly become interested then, esp. women.
At some Apple retail outlets, you can't purchase merchandise with cash aside from Gift Cards.
Not sure how this works, but you can use your cash to purchase a gift card then use the gift card to purchase your item.
,Not sure how this works, but you can use your cash to purchase a gift card then use the gift card to purchase your item.
That is not what Op wanted to hear I'm afraid that he hates FIAT and he thinks that if you reject money people will pay more attention to bitcoin and other cryptocurrencies. But I don't think you can do it at this stage of our our revolution. It is too early and people are used to money too much to abandon it just on a whim.
The world is larger than the US. In some countries, cash is mandatory to accept. If you do not, you are in breach of the law. But it has no real effect until some anal retentive person makes a fuss about it! 
They only need to accept it for debts. Not purchases. It's in the Coinage Act of 1965, specifically Section 31 U.S.C. 5103.
More info: http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.
They only need to accept it for debts. Not purchases. It's in the Coinage Act of 1965, specifically Section 31 U.S.C. 5103.
More info: http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
i only know about rejecting cash fiat, because of AML, but never heard of someone rejecting a credit card/debit card payment
perhaps with site that accept bitcoin/altcoin only
perhaps with site that accept bitcoin/altcoin only
Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.
They only need to accept it for debts. Not purchases. It's in the Coinage Act of 1965, specifically Section 31 U.S.C. 5103.
More info: http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.
This makes no sense to me. Why would a business not accept cash, which comes with no processing fees, and only accept cards which charge them ~1-3% for each transaction?
One reason might be because they then do not need to handle the physical cash.
Most merchants does not accept fiat, if it's ink stained or if the paper money are to damaged.
I also had a problem with a local company who did not want to give me a car for my $ 1 000 000 000 ZIM.
In some instances, people get a cut off point, when newer currency are released. {A new range of coins or paper money} I have gone through one of them and they change machines accepting the fiat and if you do not have the correct fiat, it will not be accepted as legal payment. {Parking meters at airports etc. etc.}
I also had a problem with a local company who did not want to give me a car for my $ 1 000 000 000 ZIM.
In some instances, people get a cut off point, when newer currency are released. {A new range of coins or paper money} I have gone through one of them and they change machines accepting the fiat and if you do not have the correct fiat, it will not be accepted as legal payment. {Parking meters at airports etc. etc.}
Paying traffic ticket fines is no fiat in my local and only accept card payment. It may be the examples of public rejection of fiat. But I think there are no many difference behind it. At least they are all accepting fiat money.
At some Apple retail outlets, you can't purchase merchandise with cash aside from Gift Cards.
Not sure how this works, but you can use your cash to purchase a gift card then use the gift card to purchase your item.
Not sure how this works, but you can use your cash to purchase a gift card then use the gift card to purchase your item.
Btw, in case someone is really considering to try to refuse paying in fiat - at least offer paycoin or dogecoin... you will deal with police either way, but it will be more fun offering those altcoins and less harm to bitcoin directly
After that upload to youtube and post a link here
After that upload to youtube and post a link here
Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.
This makes no sense to me. Why would a business not accept cash, which comes with no processing fees, and only accept cards which charge them ~1-3% for each transaction?
If it's a small business, and they had some problems with robberies/counterfeited money/staff stealing from register etc then you could somewhat understand such decision. It's also a bit of pain to manually count it and make a trip to the bank to deposit.
Although I personally don't know any physical business which would refuse to take cash.
Locally I've seen some businesses refuse to accept cash, although they should, according to law. They only accept cards, I haven't challenged them about it, but I would think if you said you were tired of cash, that they would probably not accept bitcoin, and the person behind the desk would probably not have a single clue when you make some drama and leave the door saying you won't pay in fiat.
This makes no sense to me. Why would a business not accept cash, which comes with no processing fees, and only accept cards which charge them ~1-3% for each transaction?
High end retailers, jewelers and the like, might refuse cash for numerous reasons - not having $20 or $50,000 cash on hand after concluding a sale could be a good decision both to deter robbery, or, more likely, embezzlement. Plus, it's not just banks that are subject to currency transaction reporting requirements- any business thT accepts over $10k in a single or related transaction is supposed to fill out paperwork to report it. And given that most of their customers probably want to charge the purchase to their Amex, taking the next step and saying "we don't accept cash" is a logical next step. Certainly not for all retailers, but high end ones, yes.
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