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<p>[QUOTE="medoraman, post: 3724274, member: 26302"]Two very different things. One is is the USD the legal tender to extinguish an existing debt, second is if shopkeepers have the right to not sell you something based upon how you wish to pay.</p><p><br /></p><p>For existing debts, there has to be one legal way to satisfy them. What if your bank only accepted Swiss gold bars as payment on your mortgage, but you couldn't find any? For existing debt, the USD is the legal settlement.</p><p><br /></p><p>Now, at a store you are trading. There is no debt yet. Therefore, the shopkeeper can demand you pay in black gummy worms if s/he likes. Only downside is a trade would not happen. Like Christian alludes, some cities are passing laws saying they have to accept cash. These are in response to electronic only stores, and the fact poorer people may not have access to this form of payment. These have not been tested in court yet, though.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3724274, member: 26302"]Two very different things. One is is the USD the legal tender to extinguish an existing debt, second is if shopkeepers have the right to not sell you something based upon how you wish to pay. For existing debts, there has to be one legal way to satisfy them. What if your bank only accepted Swiss gold bars as payment on your mortgage, but you couldn't find any? For existing debt, the USD is the legal settlement. Now, at a store you are trading. There is no debt yet. Therefore, the shopkeeper can demand you pay in black gummy worms if s/he likes. Only downside is a trade would not happen. Like Christian alludes, some cities are passing laws saying they have to accept cash. These are in response to electronic only stores, and the fact poorer people may not have access to this form of payment. These have not been tested in court yet, though.[/QUOTE]
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