Sorry this is off topic, but it was President Nixon who got rid of the
gold standard in the early 70's (not 1930's). Now we don't have real
money anymore...
On 1/2/25 4:40 PM, Michael or Penny Novack via gnucash-user wrote:
On 1/2/2025 3:14 PM, Derek Atkins wrote:
Bitcoin isn't technically a currency.
-derek
Neither, in the US, is gold. Back in the 1930's when we went off "the
gold standard" it became illegal to contractually require payment in
gold. Existing contracts had that part declared null and void. LOL, as
late as 1978 I encountered a rental contract with very old "boiler
plate". As I crossed "in gold" substituting "in legal currency of the
US" I pointed out that was ILLEGAL to require payment in gold.
Michael D Novack
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