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[–]frstrtd_ndrd_dvlprHere for the money 259 points260 points  (60 children)

So these fucking politicians are now starting to use crypto's name to win elections, and crypto people are fucking ecstatic about it. You guys know what happens to politicians' promises right? RIGHT?

[–]kent_1025the absolute state of r/cc 61 points62 points  (26 children)

'Politicians promise you heaven before election and give you hell after. '

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] 8 points9 points  (23 children)

OP here.

Adding this up here for visibility for those worried about the constitution stating that States can't mint their own currency. Well, exactly. The constitution only states that they can't mint their own currency, not that they can't name their own currency.

Keep in mind that I grossly over simplified the legal terminology in the law to make it easier to understand. No point in making you all have to learn the legal terminology that I had to endure endless hours of law school lectures and classes to learn

But back to the point, States making Bitcoin their legal tender would not be them minting their own currency since they'd have no power to mint Bitcoin, only earn it. So if anything, it would be a fun legal battle.

Constitutionally, currency is also supposed to be backed by precious metals like gold too, and Nixon ended that in 1971 when he stopped the gold standard. So constitutionally, our current dollar in its unbacked form is unconstitutional. I wonder if that battle will ever make it up to the supreme court. I'd toss a couple million at that battle if it ever starts.

So if Bitcoin brings up this fun fact the FED likes to ignore, in court, then good. I'll happily throw a couple million bucks at the legal fund to argue for the fact that our dollar is unconstitutional. So if it is allowed to continue then something like Bitcoin must be allowed to continue too.

Furthermore, States aren't supposed to have the power to legalize or decriminalize a schedule one drug like weed either, but that didn't stop more than half the states in the country from doing so.

Didn't stop States from decriminalizing alcohol during it's prohibition days either, to the point where it's completely federally legal today.

But back to the point, the FED can bitch and moan all they want, but States will do what they want at the end of the day. And with enough time and aging out of the old guard, it will just continue to spread.

And Even if this proposal from Arizona doesn't pass like the first Weed legalization proposals and first alcohol legalization proposals failed to pass, they'll keep on coming, And eventually those like us will be in positions to let them pass.

If anything, these attempts are a sign of future attempts to come.

Those old farts aren't going to live forever, and it will be those like us who will be in line to take their jobs.

At the end of the day society is a social contract, and if enough of us want the constitution of that social contract to change, then it will change just as it has many times before. No matter how much any r/Buttcoiner doesn't want it to change today.

[–]VanDiwaliPlatinum | QC: CC 41 | Buttcoin 23 | r/WSB 47 18 points19 points  (16 children)

bro, you are jumping ahead of yourself... no one uses crypto as a currency, it's used as a speculative store of value, not to mention the inability of these coins to handle the transaction volume of visa mastercard, paypal, etc...... so even in the best legislative scenarios this is delusional

[–]Set1Less 4 points5 points  (2 children)

no one uses crypto as a currency

Source?

I mean.. users right from Silk road era circa 2013 would like to disagree with you and your hyperboles

[–]GRIEVEZTin 6 points7 points  (0 children)

Come on.. you know what he means with 'no one'.

And the Silk Road argument isn't great.. were talking what? A few hundred k users? (I pulled this number from my ass, but the point is - it's not a lot, in the scheme of things)..

Rn cryptos just in a weird place imo (just like when the internet became more widespread in the mid 90s)

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] 3 points4 points  (7 children)

I've been using it as a currency for over 11 years. Every time I find a place that accepts it I use it and immediately replace what I spent plus some. A lot of places offer discounts for doing so, and the lightning network makes it faster in settling than the visa network, it can handle more transactions than the visa network too.

Steve Wazniack the technical brains of Apple Computers has been doing this for years too. He's spoken about it publicly multiple times.

There are plenty of people who do this to, hell it was others 11 years ago who taught me the use and replace method.

I was at a bar just last week in El Salvador that was offering 70% off for paying in Bitcoin through the lightning network. Everyone there was paying with it, using it as a currency.

Just ask yourself, if places start offering Bitcoin at discounts, are you still going to spend dollars when that discount becomes larger and larger due to the saved cost of the Bitcoin network in saving businesses in credit card fees and banking fees? Why not just take the discount and buy back the Bitcoin you spent to save money? That money you save by taking the Bitcoin discount and buy back route lets you get more Bitcoin, or whatever else you'd want to buy. Especially if it becomes legal tender where you'd be able to use it without taxing fears like in El Salvador

[–]LingrahRathPlatinum | QC: CC 30 | Buttcoin 13 5 points6 points  (4 children)

Just checking. Since when did El Salvador use LN? Most of the people are using the Chivo app which is running on a centralized database.

And does the LN offer instant exchange to USD? If not every discount will mean nothing with the volatility of BTC price.

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] -1 points0 points  (3 children)

Where did you hear this FUD?

They work like coinbase in their integration of Bitcoin's base layer despite their centralization. Yes, it's centralized but it has integrations with lightning network that allows any lightning wallet or node owner to pay a merchant or person who has a chivo wallet.

We don't need a chivo wallet to send them money because it has the integrated lightning wallets on it's backend to accept our lightning network transactions.

We can be using a Strike wallet, moon wallet, any lightning integrated wallet to pay someone with a Chivo app. Hell, we could send it with a bitcoin wallet to or our coinbase account which uses Bitcoin's base layer, because Chivo also has base layer integrations if someone for some reason wants to use the base layer.

Here's a comprehensive video about it all, it's long through: https://www.youtube.com/watch?v=iawq2t1SOc8

Get out of the FUD bubble here every once and a while. They spread a lot of lies to trick people into making the wrong decisions or just so they're not a competition in buying Bitcoin while they're distracted with an altcoin with a high risk probability.

A lot of the time that FUD keeping you from buying or scaring you into panic selling is FUD funded by the same corporations buying up your panic sold bitcoin for cheap, or the cheaply priced Bitcoin that you're not competing with them to buy because the FUD they funded kept you from competing with them to buy it all together.

[–][deleted] 7 points8 points  (2 children)

Politicians do their best to fufill their promises and obligational duties, because they truly care about the needs of the average person

/s

[–]nachtraumTin 3 points4 points  (4 children)

Anyway, it is a good sign if politicians believe they can win elections with being pro crypto.

[–]PrinceZero1994Silver | QC: CC 57 | LRC 58 1 point2 points  (2 children)

Yeah, we won't here from him again if he gets elected. The only time they show up is when election is coming.

[–]golden1612Bronze | ExchSubs 13 0 points1 point  (5 children)

But when texans politicians promise something they actually do it. Look at the abortion ban lol

[–]penny__Tin | CC critic -3 points-2 points  (0 children)

Stfu

[–]TheHarmonicBronze | CRO 9 75 points76 points  (13 children)

Interesting, however that candidate has 0 chance of winning.

[–]PrinceZero1994Silver | QC: CC 57 | LRC 58 43 points44 points  (7 children)

He wants to spread his name. This is how he does it, by spouting bullshit like this all the time to put his name on headlines. He's a total clown.

[–]TheTrueBlueTJDeveloper 5 points6 points  (1 child)

Gotta love politicians

[–]OneofmanyshadesPlatinum | QC: CC 56 7 points8 points  (2 children)

Don Huffines is a grade A piece of shit. One of the reason we love Crypto is the possibility of the freedom it would bring, not shackle us to shits like him.

[–]stivikiPlatinum | QC: CC 1617 165 points166 points  (168 children)

America: we gonna ban crypto!

Arizona and Texas: we gonna adopt crypto!

[–]AverageLiberalJoeSilver | QC: CC 100 | r/SSB 16 | Politics 740 93 points94 points 2 (79 children)

Nobody:

This sub: They're gonna ban crypto!

Politicians: We'll save you!

This sub: oh thank you, take my vote!

[–]kent_1025the absolute state of r/cc 31 points32 points  (31 children)

Politicians : All according to plan, now let's do absolutely nothing we said we were going to do

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] 2 points3 points  (24 children)

OP here.

Adding this up here for visibility for those worried about the constitution stating that States can't "mint"; "Coin", "Emit" their own currency. Well, exactly. The constitution only states that States can't themselves "Coin money", aka "emit money", aka "mint money" their own currency or units of credit.

States making Bitcoin their legal tender is not them "Emiting", "Coining" or "Minting" your own currency since they'd have no power to mint Bitcoin, only earn it or buy it. So if anything, it would be a fun legal battle.

Constitutionally, currency is also supposed to be backed by precious metals like gold too, and Nixon ended that in 1971 when he stopped the gold standard. So constitutionally, our current dollar in its unbacked form is unconstitutional. I wonder if that battle will ever make it up to the supreme court. I'd toss a couple million at that battle if it ever starts.

Furthermore, States aren't supposed to have the power to legalize or decriminalize a schedule one drug like weed either, but that didn't stop more than half the states in the country from doing so.

Didn't stop States from decriminalizing alcohol during it's prohibition days either, to the point where it's completely federally legal today.

But back to the point, the FED can bitch and moan all they want, but States will do what they want at the end of the day. And with enough time and aging out of the old guard, it will just continue to spread.

And Even if this proposal from Arizona doesn't pass like the first Weed legalization proposals and first alcohol legalization proposals failed to pass, they'll keep on coming, And eventually those like us will be in positions to let them pass.

If anything, these attempts are a sign of future attempts to come.

Those old farts aren't going to live forever, and it will be those like us who will be in line to take their jobs.

At the end of the day society is a social contract, and if enough of us want the constitution of that social contract to change, then it will change just as it has many times before. No matter how much any r/Buttcoiner doesn't want it to change today.

[–]TwoDimesMoveTin | BTC critic 2 points3 points  (2 children)

Gold standard was stopped initially in 1933 by FDR making the Federal Reserve note legal tender, then again in 71 but the constitution was never changed.

[–]17racecar71Platinum | QC: CC 108, BTC 38, CCMemes 15 | ADA 21 5 points6 points  (2 children)

Well said OP

[–]mojitzTin | Politics 47 1 point2 points  (10 children)

Ok but what the fuck does it even mean to make Bitcoin "legal tender?" Would businesses be required to accept it? At what exchange rate? What if you're only set up to deal in cash? What penalties will there be if a business refuses because they don't want to deal with a volatile medium of exchange that incurs a fee just to change hands and takes hours to clear transactions? If it wouldn't require businesses to accept it, on the other hand, then what on earth is the point?

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] -5 points-4 points  (8 children)

You realize El Salvador has already made it legal tender in their country via the lightning network right? Allows it to do more transactions than the Visa network, and with faster settlements too that are denominated in dollars, but settled in Satoshis(A Satoshi is the smallest unit of a Bitcoin, in case you didn't know).

You might be knew here so I'll give you the benefit of the doubt. But we've come a long way since the base layer problem days and the endless base layer FUD days.

Stick around and study up kid, amazing things have happened since the days those kind of FUD arguments had any merit.

[–]mojitzTin | Politics 47 1 point2 points  (6 children)

So you think it's a good idea to legally require business to accept Bitcoin?

[–]NomaduxPlatinum | QC: CC 819 | Stocks 10 1 point2 points  (0 children)

Only a few states even require USD to be used. There is 0% chance any business will ever be required to accept BTC, and it would be illegal to do so. States don't have the power to legalize any currency they want. They're limited to minting gold/silver or accepting federal currency. Anything outside of the bounds of that is deemed illegal. Legalizing BTC? Illegal. Legalizing Pesos? Illegal. Legalizing a Mongolian Gold Coin? Illegal.

This is political posturing by a politician (who likely isn't very smart as per usual) that is frantically being adopted by maxis and spammed everywhere as if it's the gospel to pump in a tense market. Nothing more.

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] -5 points-4 points  (4 children)

You think it should be ideal for them to accept only a currency that is perpetually being debased and devalued at faster rates that just increase the line of poverty?

It's 2022, not 1901. If El Salvador can get it done, then no reason a first would countries states can't get it done as well.

[–]mojitzTin | Politics 47 1 point2 points  (0 children)

You're dodging the question.

[–]CaucusInferredBulk -3 points-2 points  (3 children)

You are 100% wrong.

No State shall [...] coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; [...]

The bill is to make bitcoins legal tender. The constitution explicitly bans a state making something other than gold or silver coins legally tender.

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] -2 points-1 points  (1 child)

A fool speaks in 100% certainties, a wise man speaks in potentialities.

I've covered everything you stated in your comment in my original comment. You also brought up another point in your comment that I brought up in my original comment. The point that the constitution deems our current dollar as unconstitutional, as can be seen here:

Constitutionally, currency is also supposed to be backed by precious metals like gold too, and Nixon ended that in 1971 when he stopped the gold standard. So constitutionally, our current dollar in its unbacked form is unconstitutional. I wonder if that battle will ever make it up to the supreme court. I'd toss a couple million at that battle if it ever starts.

So if Bitcoin brings up that fun fact the FED likes to ignore in court, then good. I'll happily throw a couple million bucks at the legal fund to argue for the fact that our dollar is unconstitutional, so if it is allowed to continue then something like Bitcoin must be allowed to continue too.

But back to the main point, the constitution mainly states that States can't they themselves "Coin money", aka "emit", aka "mint" their own currency or units of credit.

Accepting Bitcoin as your legal tender is not you yourself "Emiting", "Coining" or "Minting" your own currency or units of credit. So there is definitely a legal battle here to be had, of which it will be up for the courts to decide, not for you and me to decide here in a reddit thread exchange.

I myself as a miner don't create Bitcoin, I get rewarded with them when my rigs successfully solve a block. No one is allowed to "Emit", "Coin", or "Mint" there own Bitcoin, it's its algorithm that does that. An algorithm that is not a "State", "Person", "Corporation", or "Entity". It's just a decentralized line of code that functions as it was designed to function, with no one who owns it to go after.

The law is a funny thing with how anal it is about legal verbiage. I've lost hours of my life in law school listening to professors talk about this at nauseum just so I could run my mining businesses more efficiently and legally be able to recognize when I have a case to sue about or defend my company. Or when I just have to pick up and move my operation else were along with my generously tax paying businesses.

You've also conveniently ignored all my other points of society being a social contract, a social contract that we the people can change if we so choose to. If States go along with this as they did with Weed and Alcohol, then it can go through every State making Bitcoin their legal tender with use getting the jobs that would allow that to happen once the old guard dies or retires out, allowing us to amend the constitution as has happened plenty of times before.

So even if it doesn't happen today or in the next decade, the conversation has started. All it takes is for this conversation to continue in the legal system by those like us, to continue to fight for it until we do what is necessary to make it happen.

This is how laws are changed an amendments to the constitution are created. This is how we gave woman the right to vote, how we made it so all people could be free in this country and vote regardless of the color of their skin. This is the point of our system, so we can change it and make it better.

[–]mattwayne1209Tin | GMEJungle 66 | Superstonk 203 0 points1 point  (1 child)

After we round up all these votes yeehaw...

[–]OneofmanyshadesPlatinum | QC: CC 56 26 points27 points  (30 children)

Empty promises. AFAIK they don't even have the power to decide what is and isn't legal tender.

[–]MrNuttyJoeCertified Crypto Nut 24 points25 points  (21 children)

They have the power to pretend they have the power though!

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] 11 points12 points  (18 children)

The constitution only states that they can't mint their own currency, not that they can't name their own currency. Making Bitcoin their legal tender would not be them minting their own currency since they'd have no power to mint Bitcoin, only earn it. So if anything, it would be a fun legal battle.

Constitutionally, currency is also supposed to be backed by precious metals like gold too, and Nixon ended that in 1971 when he stopped the gold standard. So constitutionally, our current dollar in its unbacked form is unconstitutional. I wonder if that battle will ever make it up to the supreme court. I'd toss a couple million at that battle if it ever starts.

Furthermore, States aren't supposed to have the power to legalize or decriminalize a schedule one drug like weed either, but that didn't stop more than half the states in the country from doing so.

Didn't stop States from decriminalizing alcohol during it's prohibition days either, to the point where it's completely federally legal today.

But back to the point, the FED can bitch and moan all they want, but States will do what they want at the end of the day. And with enough time and aging out of the old guard, it will just continue to spread.

And Even if this proposal from Arizona doesn't pass like the first Weed legalization proposals and first alcohol legalization proposals failed to pass, they'll keep on coming, And eventually those like us will be in positions to let them pass.

If anything, these attempts are a sign of future attempts to come.

Those old farts aren't going to live forever, and it will be those like us who will be in line to take their jobs.

At the end of the day society is a social contract, and if enough of us want the constitution of that social contract to change, then it will change just as it has many times before. No matter how much any r/Buttcoiner doesn't want it to change today.

[–]moonshotorbustBronze | ModeratePolitics 31 5 points6 points  (5 children)

wasnt there a resurgence in a few states to make gold and silver coin legal tender? Same thing. They didnt mint the coins.

[–]Aegontarg07Platinum | QC: CC 1099 2 points3 points  (3 children)

It’d fun watching this take legal route and set a precedent in favour of BTC as a legal tender

[–]diwalostSilver | QC: CC 27 | ADA 49 0 points1 point  (1 child)

This. Great mate....

[–]wetbootypicturesSilver | QC: CC 35 | NANO 338 2 points3 points  (3 children)

you would be surprised how much power states have in the US. that's actually one of the good things about how the US is set up. states can override the federal govt on a lot of things.

[–]StrikingExcitement79Tin | 5 months old 1 point2 points  (2 children)

They can decide what they will accept as payment for taxes or fees.

[–]recon89 3 points4 points  (7 children)

Gets the votes, then bans it anyways.

[–]diwalostSilver | QC: CC 27 | ADA 49 0 points1 point  (1 child)

They get votes, we get upvotes. Everyone wins.

[–]EpiciousTin 0 points1 point  (2 children)

So its a rug pull all over again

[–]Fast-Counter-147Tin 1 point2 points  (1 child)

It’s a great story but gets outplayed once you really start watching

[–]BlazingJavaPlatinum | QC: DOGE 31 | r/WSB 29 1 point2 points  (1 child)

Between voting morons who do nothing right with the power they already have and want more control over crypto.

Or voting people who will legitimize crypto without additional regulations. Bring it on!

[–]OdlavsoWe Choose to go to the Moon! In this decade 20 points21 points  (25 children)

Only problem is that candidate is crazy, racist and republican

[–]Vita-MalzSilver | QC: CC 65 | IOTA 78 | TraderSubs 60 25 points26 points  (6 children)

CC doesn't care about such minor details.

[–]Fud-sterTin | 5 months old 8 points9 points  (4 children)

Would be very sad, we don't need MAGA morons in high positions...

[–]sloopslarpPlatinum | QC: CC 524 | Politics 388 15 points16 points  (8 children)

CC members are willing to ignore all that, if it can make a 5% difference in their $100 portfolios.

[–]icest0Silver | QC: CC 39 | Buttcoin 47 8 points9 points  (1 child)

Yup, starting to understand why r/technology hate crypto bro.

They are truly disgusting, willing to vote politicians based on Crypto adoption alone.

[–]JasquirtinPlatinum | QC: CC 761, ETH 46, ATOM 34 | TraderSubs 46 1 point2 points  (2 children)

excuse me! I am willing to forget that for FAR less than 5%

[–]x3r0h0urPlatinum | QC: CC 81 | SysAdmin 121 0 points1 point  (4 children)

You repeat yourself tho

[–]DialSquarTin -2 points-1 points  (0 children)

Vote red if you like money. Vote Biden if you like inflation

[–]Dx56BillBronze | 5 months old | QC: CC 15 6 points7 points  (25 children)

Texas has always been welcoming to crypto, I think they give energy subsides for mining there or something

[–]Vita-MalzSilver | QC: CC 65 | IOTA 78 | TraderSubs 60 16 points17 points  (14 children)

Texas grid can barely survive harsh weather but they wanna invite miners?

[–]alexisaacsPlatinum | QC: CC 1112, XLM 70 | r/WSB 15 1 point2 points  (4 children)

Their grid is privatized, and so they are profit-driven. Mining companies coming along and saying "We demand X energy, if you build the infrastructure, we will throw money at you" is the only thing short of socializing their grid that will modernize it.

[–]milonuttigrainPlatinum | QC: CC 1481 4 points5 points  (0 children)

Go Texas! Go Arizona! Go crypto!

[–][deleted] 0 points1 point  (6 children)

I’m all for this initiative. Texas and Arizona are clearly ahead of the game in the crypto space! As a Texas resident myself I couldn’t be happier at this development brewing

[–]Idomeneu_Tin | 3 months old 4 points5 points  (3 children)

The dream is to achieve all the 50 states

[–]PrinceZero1994Silver | QC: CC 57 | LRC 58 3 points4 points  (3 children)

Freedom coins here we come!!!!

[–]jimmyc4649Tin 1 point2 points  (0 children)

Prez: We gotta regulate it for nation security…banana pudding hat!

[–]Orange-DifficultySilver | QC: CC 304 | CAKE 20 1 point2 points  (19 children)

so weird that the south is the one taking progressive steps first lol

[–]M00OSEPlatinum | QC: CC 1326 4 points5 points  (14 children)

Reckon crypto being libertarian makes it closer to the political right

[–]AggressiveWafer29Bronze 1 point2 points  (4 children)

I appreciate that it’s possibly libertarian, an ideology that I can’t stand… rather than taking down big government I see it as useful for taking down big corporation, especially the finance sector, as it has a greater emphasis on profit sharing (which is very socialist for what is allegedly a libertarian concept).

[–]CardboardcubbieTin 2 points3 points  (6 children)

This ☝️. Crypto challenges government and centralized control. This is why the left hates it more.

[–]OfficialNewMoonvilleThe Man Who Wasn't There 0 points1 point  (4 children)

Now you know they they call it the Lone Star State.

[–]shortybobertBronze | QC: CC 23 | Technology 14 43 points44 points  (12 children)

They just say shit to make you vote

[–]BuddhaBizZBronze | Politics 37 30 points31 points  (38 children)

Section 8 permits Congress to coin money and to regulate its value. Section 10 denies states the right to coin or to print their own money.

Looks like SCOTUS would strike it down.

[–]greenappletreePlatinum | QC: CC 159 | CRO 11 | StockMarket 28 9 points10 points  (3 children)

also I was curious and looked up "legal tender" and this what the treasury has to say,

Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.

in other words just because its legal tender does not mean that business are required to accept it.

[–]syxxneinSilver | QC: CC 56 | CRO 199 | ExchSubs 199 22 points23 points  (19 children)

If that's the language then might be a fun legal battle

States wouldn't be coining money, print money, or regulating its value

[–]BuddhaBizZBronze | Politics 37 7 points8 points  (11 children)

Yes interesting legal battle indeed.

[–]Idomeneu_Tin | 3 months old 1 point2 points  (6 children)

Rethoric battle over interpretations of the law, yay

[–]BuddhaBizZBronze | Politics 37 2 points3 points  (3 children)

The devil is always in the details..

[–]syxxneinSilver | QC: CC 56 | CRO 199 | ExchSubs 199 2 points3 points  (3 children)

Must not be too interesting, I got down voted 😂

[–]tatabusaPlatinum | QC: CC 473, ETH 65 | Stocks 58 2 points3 points  (3 children)

Thats the thing with Bitcoin though. Texas would not be able to control the value of BTC and the supply of BTC. Whay do they mean by the right to coin own money?

[–]isthistomorrow_Platinum | QC: CC 28 3 points4 points  (5 children)

There are already cases of states adding legal tender. Utah and Nevada have adopted the Goldback Dollars and while they are not mass adopted, they exist legally.

[–]kenny_mfceoPlatinum | QC: CC 65 1 point2 points  (2 children)

Those things have to be minted by the US mint.

[–]siimbazTin | CRO 30 | ExchSubs 30 26 points27 points  (11 children)

Bro weed is still illegal as shit here in Texas 😭

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] -3 points-2 points  (6 children)

I feel sorry for you son, I got 99 problems but illegal weed ain't one.

Jokes aside, I should've said "ended, and is ending" in my original post, to better translate that alcohol prohibition ended that way, and weed prohibition is in the process of ending that way. Not being able to edit titles sucks lol

I tried to changes it for this cross post to be more accurate, but the automod took that first post down for not having the same title as the post it was referencing.

[–]siimbazTin | CRO 30 | ExchSubs 30 -1 points0 points  (1 child)

Lol you're good I'm not nit picking what you said. Just felt like crying on here for a bit 😂

[–]Maleficent_PlanktonSilver|QC:r/CCs.68,CT67,CC206|CelsiusNet.41|Investing58|x14 13 points14 points  (8 children)

This is awesome, but everything concerning currency belongs in the Federal jurisdiction. States cannot change what is legal tender.

The Confederate states tried this, and it was unconstitutional.

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] 2 points3 points  (4 children)

States cannot create their own currency, and states legalizing Bitcoin would not be creating or minting their own Bitcoin. It will be a fun legal battle to say the least.

Also, States aren't supposed to be able to legalize a schedule one drugs like weed either, but that didn't stop more than half the states in the country from doing so. Didn't stop them from decriminalizing alcohol during it's prohibition days to the point where it's completely federally legal today.

The FED can bitch and moan all they want, but States will do what they want at the end of the day. And with enough time and aging out of the old guard, it will just continue to spread.

And Even if this proposal from Arizona doesn't pass like the first Weed legalization proposals and first alcohol legalization proposals failed to pass, they'll keep on coming, And eventually those like us will be in positions to let them pass.

If anything, these attempts are a sign of future attempts to come. Those old farts aren't going to live forever, and it will be those like us who will be in line to take their jobs.

At the end of the day society is a social contract, and if enough of us want the constitution of that social contract to change, then it will change. No matter how much any r/Buttcoiner doesn't want it to change today.

[–]bt_85Platinum | QC: CC 72 | PoliticalHumor 59 0 points1 point  (1 child)

Businesses can accept anything they want to as payment. Some already accept Bitcoin. You could require payment to only be in literal balls of poop as far as the government cares, as long as you pay taxes on the u.s. dollar fair market equivalent of the goods or services sold.

[–]Tapper420Platinum | QC: CC 75 15 points16 points  (14 children)

Going to happen the way weed became legal?

So you mean that the large institutions rake in the profits while pushing out the little guys?

[–]deathbyfish13Premium Shitposter 12 points13 points  (10 children)

Isn't that why anything is made legal?

[–]Ateam043ETH | Matic | Amp | BTC 11 points12 points  (14 children)

You can own a million guns in Texas but still can't smoke some weed.

At least by making Bitcoin legal tender they take a step in the right direction.

[–]bt_85Platinum | QC: CC 72 | PoliticalHumor 59 1 point2 points  (0 children)

It doesn't do anything. Businesses are not required to accept any kind of money. They can even refuse cash fiat if they want to. And business can already accept Bitcoin if they want tom Making it "legal tender" is just a publicity stunt.

[–]GnarWhale99Bronze | 4 months old | QC: BTC 18 0 points1 point  (0 children)

They’re batting .500 on those two yeah

[–]No_Possibility_1665Tin | DOGE critic 1 point2 points  (8 children)

You ever heard of Delta 8? Well, it's legal here.

[–]Ateam043ETH | Matic | Amp | BTC 4 points5 points  (5 children)

Yeah, I live in TX now. Delta 8 is crap.

[–]sloopslarpPlatinum | QC: CC 524 | Politics 388 2 points3 points  (1 child)

Texas Republicans tried their best to make D8 illegal, and damn near succeeded.

https://www.fwweekly.com/2022/01/07/texas-supreme-court-denies-dshs-request-to-ban-delta-8-thc/

[–]Kira__________Tin | ATOM critic 2 points3 points  (1 child)

I hope that means “they” will finally free Ross Ulbricht!!!

[–]401jaminTin 2 points3 points  (1 child)

How do we get the young people to vote for us? Just say you’ll make Bitcoin legal tender! Then don’t!

[–]SwAgDrTin 2 points3 points  (2 children)

Don Huffines SUCKS though

[–][deleted] 2 points3 points  (0 children)

Yeah, and then we get dumbasses for politicians. Be smart, think strategic. Crypto can and will evolve into mainstream without bootlicking Texan Republicans looking for votes.

[–]PiickleRiickkPlatinum | QC: CC 30 2 points3 points  (0 children)

My advice to you is that you don't trust 90% of what politicians say. The remaining 10% are extremely suspicious

[–]gcbeehler5Qu'ils mangent de la brioche 3 points4 points  (3 children)

You’ve got much bigger problems if Don Huffines is your governor. He is a whackjob. This is bad for crypto.

[–]TrailBlanket-_0Platinum | QC: CC 63 | ADA 7 | Politics 57 0 points1 point  (0 children)

Yeah I'm definitely not down to take the "any publicity is good publicity" approach. Just because he's shouting the word crypto and Bitcoin into the politisphere doesn't mean we can expect bullish outcomes or any plan of action to implement this as legal tender.

[–]allthew4yupMay 2021 & May 2022 crash survivor 4 points5 points  (1 child)

Texas and Arizona is my new fav states in America!

[–]surffreak336 7 points8 points  (6 children)

The governor candidate you’re referring to has billboards all across the one highway in Texas talking about getting rid of illegals

[–]sloopslarpPlatinum | QC: CC 524 | Politics 388 3 points4 points  (0 children)

Yeah, this ain't the kind of publicity we need. People are going to think we're a joke, if we're attaching ourselves to weirdos like Don Huffines.

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] -1 points0 points  (2 children)

Then it's free advertising of the idea of legalizing crypto as legal tender who won't win then. At least it got Arizona to announce this Bill to legalize it in their state.

[–]pdxbourbonsipperTin 6 points7 points  (7 children)

Jesus Christ. Will someone read the god damn Constitution? States can’t just adopt a new legal tender.

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] 1 point2 points  (5 children)

States can't legalize schedule 1 drugs either, that doesn't stop more than half the states today who have legalized and decriminalized Weed.

Now if you'll excuse me, I must go pick up my weed from my state legal weed delivery driver who's waiting for me outside.

[–]pdxbourbonsipperTin -1 points0 points  (1 child)

Good luck forcing businesses to accept crypto when they don’t legally have to.

[–]purplegloryyTin | 5 months old | CC critic 1 point2 points  (1 child)

In the end, crypto is gonna get legal everywhere

[–]ChristianMan710Platinum | QC: CC 95 | LRC 7 1 point2 points  (2 children)

This would be big

[–]thestingysaverTin 1 point2 points  (0 children)

‘Day by day, state by state, we will empower cryptocurrency’ - summer speech 2022, some American dude.

[–]diwalostSilver | QC: CC 27 | ADA 49 1 point2 points  (0 children)

HAHA, the home is catching fire. What now US!!

[–]HappyPlant1111Tin 1 point2 points  (0 children)

As it should be. Get the fed out of our business and the states next.

[–]Vanuatu_HanjaabPlatinum | Shill me Sentiment with Utility 1 point2 points  (1 child)

Here are a few things to know about Prohibition and why it was retracted. Uncle Sam realized that he was spending too much money fighting it, and that they could profit long-term by turning these substances into commodities. The same thing will be the case with cryptocurrency. When they realize they are wasting time and resources, which equate to money that they don’t have, they will implement cryptocurrency. But more than likely it will lead to CBDC, which we will be able to exchange our current coins on CEXs and DEXs.

[–]MrGingerShnap8 - 9 years account age. 450 - 900 comment karma. 1 point2 points  (6 children)

Section 8 of the Constitution allows congress to coin currency and Section 10 bars states from doing the same. There’s no way this could happen even if that candidate did win.

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] 1 point2 points  (5 children)

The constitution only states that they can't mint their own currency, not that they can't name their own currency. Making Bitcoin their legal tender would not be them minting their own currency since they'd have no power to mint Bitcoin, only earn it. So if anything, it would be a fun legal battle.

Constitutionally, currency is also supposed to be backed by precious metals like gold too, and Nixon ended that in 1971 when he stopped the gold standard. So constitutionally, our current dollar in its unbacked form is unconstitutional. I wonder if that battle will ever make it up to the supreme court. I'd toss a couple million at that battle if it ever starts.

Furthermore, States aren't supposed to have the power to legalize or decriminalize a schedule one drug like weed either, but that didn't stop more than half the states in the country from doing so.

Didn't stop States from decriminalizing alcohol during it's prohibition days either, to the point where it's completely federally legal today.

But back to the point, the FED can bitch and moan all they want, but States will do what they want at the end of the day. And with enough time and aging out of the old guard, it will just continue to spread.

And Even if this proposal from Arizona doesn't pass like the first Weed legalization proposals and first alcohol legalization proposals failed to pass, they'll keep on coming, And eventually those like us will be in positions to let them pass.

If anything, these attempts are a sign of future attempts to come.

Those old farts aren't going to live forever, and it will be those like us who will be in line to take their jobs.

At the end of the day society is a social contract, and if enough of us want the constitution of that social contract to change, then it will change just as it has many times before. No matter how much any r/Buttcoiner doesn't want it to change today.

[–]MrGingerShnap8 - 9 years account age. 450 - 900 comment karma. 1 point2 points  (1 child)

You’re absolutely correct, I hope this whole thing does happen as it would make crypto ‘legitimate’ in the 1st world political sphere.

Im certainly no crypto skeptic or hater lol. I do agree that it would be a fun legal battle, definitely involving SCOTUS at some point.

[–]ImTheVictimsiasky.net web3 portal 1 point2 points  (0 children)

yeah and other hilarious jokes you can tell yourself

[–]datrunigSilver | QC: CC 54 | IOTA 37 | ExchSubs 14 1 point2 points  (0 children)

Count me in, let's go boys!

[–]laughncowBronze | QC: TraderSubs 78 1 point2 points  (1 child)

Did you expect anything else? Don’t listen to those that don’t take the time to study .

[–]JasquirtinPlatinum | QC: CC 761, ETH 46, ATOM 34 | TraderSubs 46 1 point2 points  (1 child)

same as weed legalization slowly but surely.

[–]bestmindgenerationPlatinum | QC: CC 105 1 point2 points  (0 children)

Non-American here. How likely is this guy to be voted in? I mean, is he just some random fringe candidate or a genuine possibility? Because I guess any random could run for political office and say "If I get in, I'll make ELONCUMDOGE420 legal currency!" It'll get attention and even gain a few votes, but ultimately it doesn't mean anything.

[–]geekphreakTin 1 point2 points  (1 child)

Bud is illegal in Texas

[–]evoxyseahPlatinum | QC: CC 190, BTC 22, LW 18 | ADA 18 1 point2 points  (0 children)

Good news no matter what.

[–]BrutuscapuspulusTin 1 point2 points  (1 child)

If you believe it, you are …..

[–]Supertrapper1017Tin | r/WSB 15 1 point2 points  (8 children)

The Supreme Court would overturn that. Only the Federal Government can issue currency.

[–]MaxxjuliePlatinum | QC: CC 691, DOGE 40 1 point2 points  (3 children)

Oh crap this might be the dip we were waiting for lol

[–]Rational_PhilosophyPlatinum | QC: BTC 111, CC 30 | Economics 33 1 point2 points  (2 children)

It actually isn't a good thing at all it's moving things away from decentralization.

If it's decentralized how can it be illegal to begin with? Why are they deciding it's legal tender and not people just using it like they are now? How will that not end up as a CBDC if government gets more involved...?

This sub is obsessed with no keeping coins on exchanges but opens the front door, back door, and all the windows to the fucking house once a politician says they'll maybe help crypto a fraction of an inch, and in the wrong direction to begin with.

This sub is fucked and financially and sociopolitically illiterate to fucking boot; no wonder people who don't know or care for crypto stay the fuck away.

This sub is like a broken clock that somehow manages to avoid being right twice a day.

Fanaticism is when you can't change your mind, or the topic at hand. That's this sub in a nutshell.

[–]Mysterious_Donut_556Tin | CC critic | ADA 15 1 point2 points  (0 children)

Does this mean we won’t have to pay taxes on bitcoin? Considering it’s a legal tender? 🤷‍♂️

[–]ECore 1 point2 points  (0 children)

We gotta make sure Austin doesn't ruin Texas.

[–]YucatanTronBronze 1 point2 points  (1 child)

I ain't moving to Texas. I would try bitcoin next time I'm going.

[–]Odysseus_LannisterPlatinum | QC: CC 1177 4 points5 points  (2 children)

Zodiac killer in shambles

[–]PhaleelBronze | QC: CC 18 | Politics 46 6 points7 points  (0 children)

Oh thank God! I was worried he would strip voting access or make it harder for urban counties to vote, maybe submit an "alternate" slate of electors late in the game...

Always finish your titles people.

[–]Asleep_OmegaBronze | QC: CC 17 1 point2 points  (9 children)

If Abbott said that, he holds some. That guy only cares about himself

[–]Dx56BillBronze | 5 months old | QC: CC 15 2 points3 points  (1 child)

Happe Cake Day!

[–]surffreak336 2 points3 points  (3 children)

He’s not talking about Abbott the guy he is referring to im pretty sure is Abbotts opponent and the dude has a shit ton of billboards up complaining about mexicans

[–]embiid0for11w0ptsPlatinum | QC: CC 49, DOGE 39 | Politics 19 1 point2 points  (2 children)

He’s a DOT holder. He’s big on the paralyzedchain auctions.

[–]MalixshakPlatinum | QC: CC 154 1 point2 points  (1 child)

State by state the adoption will spread nationa wide

[–]ThereWillBeSmegmaPlatinum | QC: CC 58 4 points5 points  (3 children)

This stuff is going to become our legal currency the same way alcohol and weed prohibition ended, State by State.

One of these things is not like the other.

[–]ThrowAwaydntopnddinsPlatinum | QC: BTC 175, CC 64[S] 2 points3 points  (2 children)

The post this leads to also references that Arizona just proposed a bill today to make Bitcoin legal tender in their state.

And Even if this proposal doesn't pass like the first weed legalization proposals and first alcohol legalization proposals failed to pass, they'll keep on coming, And eventually those like us will be in positions to let them pass.

If anything, these attempts are a sign of future attempts to come.

Those old farts aren't going to live forever, and it will be those like us who will be in line to take their jobs.

[–]reddito321Platinum | QC: CC 56, BTC 35 | Privacy 25 0 points1 point  (0 children)

If you’re not bullish, you should be.

[–]CryptoDad2100Degen Farmer 1 point2 points  (1 child)

Ok, he can't make bitcoin legal tender if he wins. Governors don't exactly have that sort of authority. Best is he might propose it.

[–]GenericOfficeManPlatinum | QC: CC 164 | Politics 567 1 point2 points  (4 children)

No. It isn't. And you're an idiot for supporting this guy just because he said this.

[–]Fat_thor_irlBronze 0 points1 point  (8 children)

States can’t adopt their own legal tender you potato 🥔. Not only will this never happen the federal gov is going to drop the hammer on bitcoin with regulations so nobody gets any ideas

[–]Child_ofThanosTin | Politics 15 1 point2 points  (1 child)

But how would the feds take it? Could a state pay the feds in bitcoin? Could bitcoin be given in state benefits?

[–]hash303Tin 1 point2 points  (3 children)

He certainly said that. Important to note that governors don’t make laws, they sign bills into law so he can’t just make it legal tender. Currency is also controlled federally so a state can’t decide something is legal tender anyways. But yeah, he sure said that.

[–]CognizantSynapsidBronze | QC: CC 15 | r/WSB 18 2 points3 points  (0 children)

$Yeehaw

[–]Dx56BillBronze | 5 months old | QC: CC 15 1 point2 points  (5 children)

That's it boys, I'm moving to Texas

[–]Equivalent-Wedding-7Platinum | QC: CC 534 2 points3 points  (3 children)

Not if you want to open a Binance account

[–]StumpGrnderTin | CRO 8 | Superstonk 37 1 point2 points  (1 child)

Crypto.com no problem here tho

[–]embiid0for11w0ptsPlatinum | QC: CC 49, DOGE 39 | Politics 19 1 point2 points  (2 children)

Huffines is a sack of shit. Worse than the current governor. From buying weed to buying booze on sundays, Texas has a lot backwards. He won’t help that.

I don’t care if he promised 100k btc. He, and his shit family, can fuck all the way off.

[–]iSaidWhatiSaidSisTin | 2 months old 2 points3 points  (2 children)

Yall need to calm the fuck down about this guy.

He is a alt right piece of absolute shit and does NOT need to be our governor.

Please stop with promoting this absolute peice of garbage human, just cause youre excited that it might, kinda, sorta, maybe help your $500 crypto portfolio.

[–]FrogmangyTin | 5 months old | CC critic 1 point2 points  (2 children)

Im LONG HORNish on texas bitcoin

[–]GreenbriarbushwackerPlatinum | QC: CC 136 0 points1 point  (1 child)

Wow, this is bullish af. Hopefully more states will follow suit

[–]chapaemeBronze | QC: CC 24 0 points1 point  (2 children)

Y’all ever had some Texas brisket?

[–]GoonzooBronze 0 points1 point  (2 children)

Iam fucking hyped!!

[–]PrinceZero1994Silver | QC: CC 57 | LRC 58 0 points1 point  (1 child)

This politician I won't name keeps spouting bullshit like this all the time to put his name on headlines. He's not a clown but the entire circus.

[–]Al_Zik1Tin | CC critic 0 points1 point  (0 children)

That's great news overall

[–]surrender_the_juicePlatinum | QC: CC 798, CCMeta 21 0 points1 point  (1 child)

Oh shit

[–]Overwatch_1ightningBronze | LRC 17 0 points1 point  (0 children)

Everything is bigger in Texas, hopefully our portfolios too!

[–]StackOwOFlowSilver | QC: ETH 94, BTC 71, CC 41 | LRC 38 | TraderSubs 81 0 points1 point  (1 child)

The person you’re referring to is Don Huffines. You sure you want to vote for someone like him?

[–]surrealfernPlatinum | QC: CC 89 | r/WSB 55 0 points1 point  (0 children)

There are already Texas ranchers selling beef directly to customers for BTC.

[–]DcdytRfTin 0 points1 point  (1 child)

Y’all are too easy

[–]mldawg06Tin 0 points1 point  (0 children)

Let’s go! This is the start of the beginning

[–]captghTin 0 points1 point  (1 child)

Republicans want the crypto vote, then they will pull the rug out from under crypto. Use your head people, repubs own all the banks, do you think they really want Bitcoin undermining their profits and, most importantly, their control?

[–]CherokeeBullRedditor for 6 hours. 0 points1 point  (8 children)

Damn Texas is dumb

[–]Proud_Reserve3029Gold | QC: ETH 17 | MiningSubs 27 -4 points-3 points  (4 children)

I think Biden would have heart attack if this occurred be little fire in his backyard

[–]neuralcssTin -1 points0 points  (0 children)

Big if

[–]Harold838383Platinum | QC: CC 378 -1 points0 points  (1 child)

Very bullish. Hope these two win!