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0 pointsPeroni8mo ago0 comments

>You can insist on retail vendors accepting legal tender by law

That's a common misconception. In most jurisdictions retailers can set their own payment policies.

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The point is to demand that they be legally required to accept legal tender.

It's a tremendous pain for retailers to accept cash, which is why they're willing to accept high transaction fees from online points of sale.

There is an interesting parallel to the code of Hammurabi, which specifies that certain vendors must accept payment in grain as well as silver.

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0 pointsPeroni8mo ago0 comments

>You can insist on retail vendors accepting legal tender by law

That's a common misconception. In most jurisdictions retailers can set their own payment policies.

The point is to demand that they be legally required to accept legal tender.

It's a tremendous pain for retailers to accept cash, which is why they're willing to accept high transaction fees from online points of sale.

There is an interesting parallel to the code of Hammurabi, which specifies that certain vendors must accept payment in grain as well as silver.

j / k navigate · click thread line to collapse