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Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

azleg.gov

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Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#21

Post by ceejayoz »

yawaworht1978 wrote: post #20
charonn0 wrote: post #15

Wouldn't this violate the federal Constitution? > No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money ; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts ; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. -Article I, Section 10, Clause 1

I am totally against all things Bitcoin, however, it's not coined exclusive in the us and the constitution is not immutable, else it would be a very bad document that can't get with the times. Anything in the constitution is not canonical forever.

> Anything in the constitution is not canonical forever.

It is, however, canonical until amended or SCOTUS interprets it away.

Constitutionally, it appears quite clear Arizona can't do this currently, and the law as a result would almost certainly be immediately stayed and struck down if passed.

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#22

Post by [deleted] »

ForHackernews wrote: post #17
slimsag wrote: post #14

Earlier quoted context omitted.

[deleting, I shouldn't talk about politics from an N=1 sample size]

Not so sure Salvadoran immigrants would be keen on bitcoin... https://futurism.com/el-salvador-bitcoin-economy > A Central American University survey conducted last September found that nine out of 10 citizens in the country didn’t know what bitcoin was, and eight out of 10 said they had little to no confidence in the digital cash.

[deleted]

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#23

Post by omarfarooq »

charonn0 wrote: post #15

Wouldn't this violate the federal Constitution? > No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money ; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts ; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. -Article I, Section 10, Clause 1

https://www.nytimes.com/1863/06/06/archives/the-legal-tender...

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#24

Post by maerF0x0 »

malcolmgreaves wrote: post #18
davidw wrote: post #16

Earlier quoted context omitted.

She's something of an extremist: https://en.wikipedia.org/wiki/Wendy_Rogers_(politician)

Wow, she is a member of the terrorist group Oath Keepers.

I was really confused for a moment, I confused Oath Keepers for Promise Keepers...

> Oath Keepers is an American far-right[1] anti-government militia[1][2] whose members claim to be defending the Constitution of the United States.[3] It encourages its members to disobey orders which they believe would violate the U.S. Constitution. Research on their membership determined that two thirds of the Oath Keepers are former military or law enforcement, and one tenth are active duty military or law enforcement. Most research determined the Oath Keeper membership to be approximately 5,000 members, while leaked data showed Oath Keeper rosters claiming membership of 38,000

https://en.wikipedia.org/wiki/Oath_Keepers

> Promise Keepers is an Evangelical Christian parachurch organization for men. It originated in the United States, but independent branches have also been established in Canada and New Zealand.

> Promise Keepers describes its goal as "to bring about revival through a global movement that calls men back to courageous, bold, leadership. We will be the spark that calls men back to God’s Word, sharing their faith and caring for the poor and oppressed throughout the world."[2] Promise Keepers is a non-profit organization, not affiliated with any Christian church or denomination. It opposes same-sex marriage, and champions chastity and marital fidelity and the man as being head of the household. Its most widely-publicized events tend to be mass rallies held at football stadiums and similar venues.

https://en.wikipedia.org/wiki/Promise_Keepers

(funny enough wikipedia has a warning, "not to be confused with Oath Keepers", might be time for a rebranding)

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#25

Post by ceejayoz »

omarfarooq wrote: post #23
charonn0 wrote: post #15

Wouldn't this violate the federal Constitution? > No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money ; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts ; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. -Article I, Section 10, Clause 1

https://www.nytimes.com/1863/06/06/archives/the-legal-tender...

Those refer to a different Constitutional issue (Federal, not state, and one's over the Fifth Amendment).

https://en.wikipedia.org/wiki/Legal_Tender_Cases

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#26

Post by boardwaalk »

yawaworht1978 wrote: post #20
charonn0 wrote: post #15

Wouldn't this violate the federal Constitution? > No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money ; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts ; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. -Article I, Section 10, Clause 1

I am totally against all things Bitcoin, however, it's not coined exclusive in the us and the constitution is not immutable, else it would be a very bad document that can't get with the times. Anything in the constitution is not canonical forever.

We can’t even elect a president on a popular vote. It’s immutable enough.

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#27

Post by fallingknife »

charonn0 wrote: post #15

Wouldn't this violate the federal Constitution? > No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money ; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts ; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. -Article I, Section 10, Clause 1

> make any Thing but gold and silver Coin a Tender in Payment of Debts

Well, they've already violated this by accepting USD, but that doesn't necessarily mean they can just do BTC too. To strike this down the courts would need a lawsuit, though, and I'm not sure who could claim damages.

> coin money

I take this to mean issuing a currency, which they are not doing here since they don't control BTC.

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#28

Post by danlugo92 »

ahoka wrote: post #5
JumpCrisscross wrote: post #2

Guess this would mean one could settle state taxes with Bitcoin? That's sort of neat. Also means someone could have a nice dinner and then refuse to pay with anything but Bitcoin, at least under state law, which sounds less fun.

Imagine having to wait ten minutes at the checkout for the transaction to clear.

Bitcoin Lightning is used for such transactions.

I heard Cashapp's lightning implementation works well.

Re: Arizona Introduces a bill to make Bitcoin Legal Tender [pdf]

#30

Post by reactspa »

If the USA truly believed in competition, free markets, and capitalism, they wouldn't be so scared of currency competition.

I suppose it's just like the Assange and Snowden situation. The USA releases all kinds of reports about press freedoms around the world and "authoritarianism", but somehow the USA never includes itself in these reports.

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