Trading Crypto for Constitution Tender for Payment of Debts
Unconstitutional Tender For Payments of Debts
According to the US constitution:
Article I Section 10 Clause 1
No State shall... make anything but (except) gold and SILVER COIN a Tender in Payment of Debts.
Wait, what? What is that written on my FED NOTE?
Let's just take a sharpie to the constitution and make some revisions, shall we?
Article I Section 10 Clause 1
No State shall… make anything but (except) gold and SILVER COIN THIS NOTE a Tender in Payment of Debts.
Unless "THIS NOTE" is made of gold or silver, it is unconstitutional. But hey, what's a constitution between comrades?
Constitutional Tender for Payments of Debts
Crypto is a Useful, But Weightless Money
As useful as Cryto is, it still has NO WEIGHT. I can see many useful ways of using blockchain tokens for trade, as a way to trade without government interference. There are many benefits for crypto, but there is no possible way to feel the weight of crypto in a person's hands.
Cannot measure it's weight on a scale for REAL and tangable assets and services. Precious metals are called precious for a reason.
Trading crypto for Constitutional Tender for Payment of Debts is a no-brainer.
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I'm not sure what the Canadian equivalent of Constitutional money is. Confederational? I better look that up.
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Interesting perspectives.
Yes Hex and LASSECASH is weightless, but right now I send you 1000 LASSECASH POWER and I counted the seconds, it took about 6 seconds. Now try to do that with one of your phisical coins? It will take maybe 10 days and have a huge "fee" (porto).
Anyway love your posts.
Thanks for the LP! Yes, there are useful traits of crypto for sure.