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Article #620313

Re: Bitcoin confusion?

#620313
From: AndyW
Date: Tue, 13 Feb 2018 07:50
37 lines
3288 bytes
On 09/02/2018 10:21, Huge wrote:
> On 2018-02-09, AndyW <An...@nojunqmail.com> wrote:
> 
> [snippage]
> 
>> The Royal bank of Scotland is
>> currently the only UK bank that continues to issue the £1.
>>
>> I am aware that there are now two partially open cans of worms regarding
>> the term UK and also regarding the definition of legal tender in the UK.
>> Give me a moment and I will get my tin hat and sandbags.
> 
> Tee-hee.
> 
> Scottish banknotes are, of course, not legal tender, so by the arguments
> being proposed by some of the "experts" here aren't actually money.

There is a difference between legal tender and legal currency. Scottish 
note are not legal tender anywhere (including Scotland IIRC) but they 
are legal currency.
It is a subtle difference in definition and I would like to say that I 
know what that means but I don't. All I know is that you can refuse to 
take the money or you can accept it, it is your choice as a 
seller/provider of services.
For a legal debt you cannot refuse legal tender in payment but you can 
refuse legal currency. this stops some councils from refusing to accept 
bills paid in pennies which are legal tender but only up to a certain value.

I once had Scottish money refused in a restaurant in Shepperton which 
led to an interesting stand off where he refused the notes and I had no 
other money. He was refusing to let me leave until I had paid and I had 
no way to get other cash so he called the police who, after hearing that 
I had offered and he had refused to accept told me I could go. Suddenly 
Scottish notes were acceptable at that point.
Oddly I left no tip.

Andy
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Subject: Re: Bitcoin confusion?
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