Archived Whole Foods and Other Major Retailers Now Accept Bitcoin (fortune.com)
submitted ago by toobaditworks
Posted by: toobaditworks
Posting time: 1.6 years ago on
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Archived on: 8/12/2019 10:00:00 AM
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29 upvotes, 0 downvotes (100% upvoted it)
Archived Whole Foods and Other Major Retailers Now Accept Bitcoin (fortune.com)
submitted ago by toobaditworks
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[–] BigVern 0 points 1 point 1 point (+1|-0) ago
All currencies are made up their value lies in peoples' belief in them. People believe in bitcoin because of the technology behind it.
[–] SurfinMindWaves ago
That doesn't tell me why it is legal. I understand fiat currency, but the government stops people from printing their own.
[–] BigVern 0 points 1 point 1 point (+1|-0) ago
I'm sure you are free to print off your own "SMW Bucks" and provided that you never try to pass them off as dollars or try to pay your taxes with them then you won't be arrested. The key to getting people to accept them is you have to convince them that they have value, this is almost impossible.
[–] 18589183? 0 points 1 point 1 point (+1|-0) ago
It's legal to exchange currency. There is no "print" and bitcoin is similar to international currency. Big government sees it as a threat when the bitcoin value challenges the USD. It's not illegal, at least yet.