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Topic: Louisiana Makes It Illegal To Use Cash For Secondhand Sales (Read 5239 times)

legendary
Activity: 1386
Merit: 1003
It also made slashdot and they put the bitcoin logo on it, though almost all talk of bitcoin on slashdot gets modded down to 0 and is not visible.

http://yro.slashdot.org/story/11/10/20/1956211/legal-tender-maybe-not-says-louisiana-law
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
sr. member
Activity: 350
Merit: 250
well known interweb hoax the Louisiana legislature is denying ever existed
it began from a law that prohibits scrap dealers from paying out cash to copper/metal thieves


legendary
Activity: 1876
Merit: 1000
Anyways, this will get struck the fuck down by the Supreme Court, since cash is legal tender for all transactions in the US.

It's legal tender as a payment of debt only.

it will be struck down.

here is debt:
you owe me 20 bucks for the lawnmower you just bought.
sr. member
Activity: 322
Merit: 251
FirstBits: 168Bc
Quote from: netrin
Is pi still defined π=3.0 in Louisiana?

That was an urban legend, and I'm pretty sure it wasn't even Louisiana in the urban legend. I think Georgia or Tennessee or something.

The joke hits home because it could just as well be Louisiana. To the rest of the world, we believe this could be true because we see the anti-intellectual theocracy that the United States is becoming.
hero member
Activity: 630
Merit: 500
Posts: 69
NOW YOU'VE GONE TO FAR, JeffK. My grandmother, Guinan, sent you a special invitation for opening night at The 1337 Room in her basement.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
As we speak, Phinnaeus's renegade criminal grandmother is constructing a speakeasy-style yard sale in her basement

NOW YOU'VE GONE TO FAR, JeffK. My grandmother, Guinan, sent you a special invitation for opening night at The 1337 Room in her basement. Now that you've let the cat out of the bag, she has no choice but to move it to my aunt's barn. Your special invite is now null and void.

It's only because you're an outstanding member on this board, I offer you another location to bide your time. It's a speckuneasy in Georgetown, Texas. To find it, simply fly over town and look for the letters K.I.V.A on the roof.
hero member
Activity: 686
Merit: 500
Wat
I bet you can buy moonshine with cash still.
sr. member
Activity: 350
Merit: 250
I never hashed for this...
Also, I'm still confused how this law is "The Fed"'s doing. Yeah they are a dishonest organization run by the worst members of America's private sector, but they are some shadowy cabal that is directing Louisiana state law, as if your ability to pay your friend $20 for his old N64 will undermine their "power".


Anyways, this will get struck the fuck down by the Supreme Court, since cash is legal tender for all transactions in the US.
sr. member
Activity: 350
Merit: 250
I never hashed for this...
As we speak, Phinnaeus's renegade criminal grandmother is constructing a speakeasy-style yard sale in her basement
sr. member
Activity: 728
Merit: 252
SmartFi - EARN, LEND & TRADE
http://www.techdirt.com/articles/20111019/17424316421/louisiana-makes-it-illegal-to-use-cash-secondhand-sales.shtml

Expect the Fed to enforce this or try to make it mandatory across America.  IMO another sign that the Federal Reserve Note is losing its grip by introducing strong arm laws like this.

END THE FED! STATES RIGH-  er. Uh... wait.


Quote from: netrin
Is pi still defined π=3.0 in Louisiana?

That was an urban legend, and I'm pretty sure it wasn't even Louisiana in the urban legend. I think Georgia or Tennessee or something.
hero member
Activity: 686
Merit: 500
Wat
Thats the trouble with government issued money - they can take it away at any time.

I read an article not long ago about the black/grey market in the US approaching $1 trillion last year which means there's a whole lot of people ignoring current laws. If bitcoin just gets a percentage of that it will be good.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
Is pi still defined π=3.0 in Louisiana?

Screw them circles, anyway! Triangles are where it's at.



cm = Coin Miner

sr. member
Activity: 373
Merit: 250
it clear states on our money "This note is legal tender for all debts, public and private."  
A debt is not the same thing as a payment.  A merchant is within his rights to refuse your cash if he hasn't yet sold you the item.
sr. member
Activity: 322
Merit: 251
FirstBits: 168Bc
Is pi still defined π=3.0 in Louisiana?
member
Activity: 78
Merit: 10
Federal law trumps state law every time so they will have a hard time keeping this law on the books.
legendary
Activity: 1876
Merit: 1000

I literally LOL  when I seen this pic...  good one.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending
They picked the wrong state to test this in. Ever see a Coon-Ass riled? (or Coonass, or Coon-ass)



The article states it's for the betterment of law enforcement. I'm surprised they weren't able to to inject how it'll be better for the children.

I see it as a money grab: Able to collect more sales and income tax, coupled with less junk being sold, thereby more purchases of new shit from CHINA, then...wait for it...able to collect more sales and income tax.
full member
Activity: 168
Merit: 100
WOW,  i couldn't believe it until I read the article, and the subsequent snippet of the law

Code:
A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property and made payable to the name and address of the seller.

This is not legal, the surpeme court would squash this in a minute, it clear states on our money "This note is legal tender for all debts, public and private."   which the article also states..

just simply crazy!!!!

edit:  by the way,  "shall be made in the form of check, electronic transfers,"  makes it legal to use bitcoin!!!

2nd edit:    The title should be    lOUISIANA LEGALIZES BITCOINS

Or they can just make another law to ban bitcoins or any "electronic" money. I mean if they ban cold hard cash from Fed, they can ban anything they want.

They should ban citizenship certificate and issue their own citizenship.
legendary
Activity: 1876
Merit: 1000
WOW,  i couldn't believe it until I read the article, and the subsequent snippet of the law

Code:
A secondhand dealer shall not enter into any cash transactions in payment for the purchase of junk or used or secondhand property. Payment shall be made in the form of check, electronic transfers, or money order issued to the seller of the junk or used or secondhand property and made payable to the name and address of the seller.

This is not legal, the surpeme court would squash this in a minute, it clear states on our money "This note is legal tender for all debts, public and private."   which the article also states..

just simply crazy!!!!

edit:  by the way,  "shall be made in the form of check, electronic transfers,"  makes it legal to use bitcoin!!!

2nd edit:    The title should be    lOUISIANA LEGALIZES BITCOINS
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