[Tagging] Feature Proposal - Voting - Payment denominations
Mark Wagner
mark+osm at carnildo.com
Tue Oct 11 19:08:36 UTC 2022
On Sun, 9 Oct 2022 17:08:46 -0700
stevea <steveaOSM at softworkers.com> wrote:
> At least in the USA, using currency (required to be accepted) isn't
> like barter (doesn't have to be accepted): we even have a notation
> on each and every "Federal Reserve Note" (the debt instruments used
> in the USA as paper currency, often called "cash") which states:
> "This note is legal tender, for all debts, public and private."
There's a subtle point you're glossing over here: that wording only
applies to *debts*.
What counts as a debt has a fair bit of grey area. Paying off a loan?
Indisputably a debt, they're required to take it. Purchasing a soda
from a vending machine? Indisputably not a debt, they can place
whatever restrictions they want. In between is the fuzzy area. For
example, is paying for your restaurant meal settling a debt?
--
Mark
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