Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
HairyMaclairy
on 23/02/2018, 09:18:05 UTC
The ugliest truth of bitcoin is that it just isn't useful in any legal fields.

What ? I... just... huh ?

Lol... don't go into a cardiac attack just yet... The guy's got a point, - 'legal'..., there are no current state or federal stamps on BTC codes acknowledging it as a medium of exchange, however, it does suit the masses to do as they please -  freedom of... something.

If you want to be technical, something does not need to be acknowledged as a medium of exchange in order to create a binding legal obligation.  “I agree to trade my goat for two of your sheep” is legally enforceable even if neither sheep nor goats are recognized as mediums of exchange.