legal tender

What do you think the short, medium and long term effects would be if Ron Paul's Competing Currencies bill were to be enacted today?

In the wake of several countries granting Bitcoin and TRON legal tender status, the IMF came up with a paper describing "effective policies for crypto assets". Number 1 element is a warning...

More: https://bitcoinmagazine.com/culture/pr%C3%B3spera-bitcoin-legal-tender-explained https://en.wikipedia.org/wiki/Pr%C3%B3spera https://www.reuters.com/world/americas/honduran-congress-unanimously-nixes-special-economic-zones-2022-04-21/ So they repealed the law that allowed for the...

https://www.thestreet.com/crypto/news/brazilians-can-now-pay-taxes-in-crypto

https://www.msn.com/en-xl/africa/other/misdirections-at-the-central-bank-of-nigeria/ar-AA178NHW They apparently didn't print enough of the new notes to meet demand by a hard deadline for eliminating the old notes. Funny fiat fumblerooski!

https://cointelegraph.com/press-releases/member-of-st-maartens-parliament-initiates-law-to-adopt-tron-as-legal-tender

I missed this story back in April of last year: https://www.bbc.com/news/world-africa-61565485 I'm guessing that CAR was hoping to attract foreign investment with the move.

How did I miss this story!?!? October 2022 (emphasis mine): https://www.africa.com/imf-believes-zimbabwes-gold-coins-are-a-missed-chance-to-build-the-nations-gold-reserves/ This looks like Ron Paul's competing currencies bill in action, but on a limited scale/basis. December 2022...

https://www.forbes.com/sites/roberthart/2021/06/09/el-salvador-makes-history-as-worlds-first-country-to-make-bitcoin-legal-tender/ El Salvador dropped the bomb. Wow.

Any Utahns here at pmbug? How is it going? Do Utah coin dealers profit from this?

It seems painfully obvious to me that given events that are shaping the future for the US Dollar, we are headed for a currency crisis. Most pundits in the financial media, at least the ones who dare to discuss this topic, usually point to two options - default on the debt or monetize the debt...