On Monday, December 9, 2002, at 03:23 AM, Marcel Popescu wrote:
Isn't this what I said?From: "Tim May" <[EMAIL PROTECTED]>Mark cited the Bank of England, not U.S. law. I don't know what BritishIt does appear that the law in England is not as "demanding" as I believed:
law is in this regard.
http://www.bankofengland.co.uk/banknotes/legaltender.htm
<<The concept of legal tender is often misunderstood. Contrary to popular
opinion, legal tender is not a means of payment that must be accepted by the
parties to a transaction, but rather a legally defined means of payment that
should not be refused by a creditor in satisfaction of a debt.>>
"The language is along the lines of "this note good for all debts public and private." This does not stop parties from agreeing to transfers in yak brains, or houses, or gold, or tantalum.
"It says that if Alice agrees to pay Bob 50 dollars ($50), with no special payment instructions agreed to, and Alice at some point gives Bob a $50 piece of U.S. currency, she has fulfilled her debt obligation under U.S. law."
--Tim May
"Dogs can't conceive of a group of cats without an alpha cat." --David Honig, on the Cypherpunks list, 2001-11
