Quote from: deisik on April 18, 2017, 10:22:02 AM

Quote from: Eebertay on April 18, 2017, 10:06:53 AM

Quote from: Jalum on April 18, 2017, 03:28:18 AM

Bitcoin isn't money unless the Government says it is. We would have have to wait till the Government approves Bitcoin.

This is partially true:

BTC IS money, to a small portion of the world.

In the US (where i live), it is NOT money (according to my govt)

Case in point:

Say i am a store owner and someone wants to buy a computer i have advertised for $1000, for $1000 in cash. I tell them no, gtfo. They can actually get various police / courts involved to enforce this

You claim to live in the US but you don't know the laws of your own country

I refer to specific laws regulating the trade and currency in which the trade should be made. The US dollar is legal tender in the US, but that just means that the government is obliged to accept the American dollars as a payment "for all debts, public charges, taxes, and dues". But that doesn't mean that you, as a private seller, can't refuse to have business with anyone (for example, if he wishes to pay you with dollars), and that basically means that the purchaser cannot call police to force you to accept payments in the US dollars

Quote

Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy

You may want to read what the legal tender status of the US dollar actually means

Quote from: Eebertay on April 18, 2017, 09:57:38 AM

Now it is a piece of paper that is an IOU that the government says, "this is our property and we are giving it to you so you can purchase things in this country"

Which property is owed exactly, a piece of paper? And why should government owe you anything in the first place? Typically, it is you who owes them some amount of money, for example, taxes

Hmmmm...i dont think you know what youre talking about.

It is illegal here in the US to deface, destroy and alter money.

Also, i think the concept of fiat being an IOU is way above your head