Comment Re:Tabloid trash (Score 2) 858
Canadian dollars are not legal tender in the US, but if someone on the US side of Niagra Falls wants to operate a store and list all the prices in US and Canadian dollars and accept either one as payment, is that illegal?
No because the shop keeper can simply take the Canadian currency and exchange it for US currency at a local bank. Any store can do the same thing with any currency that is accepted. They can also refuse to accept currency over a certain denomination. And that's the trick with bitcoin. A few online retailers might be accepting it, but most are not and I don't know of any brick-and-mortar stores that are.
It's funny how everyone here is acting like BitCoin is this super important thing that is gaining widespread acceptance. Go out on the street and ask someone what bitcoin is and they'll probably look at you funny followed by a "What's a bitcoin?"
Here's something to think about though. If everyone were able to print money, money would be worthless. It would be completely over inflated and totally worthless. Why would I take money you printer when I can print my own? I think the same holds true of bitcoin. Someone with a bunch of computers laying around can just generate bitcoin all day long and cash it in. That seems, to me, to make the currency essentially worthless.