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California Legalizes Bitcoin

Posted by timothy on from the finally-time-to-cash-in-your-scrip dept.

jfruh (300774) writes "California governor Jerry Brown has signed a law repealing Section 107 of California's Corporations Code, which prohibited companies or individuals from issuing money other than U.S. dollars. Before the law was repealed, not only bitcoin but everything from Amazon Coin to Starbucks Stars were techinically illegal; the law was generally not enforced."

1 of 162 comments (clear)

  1. Re:California also legalized using polished turds by SuricouRaven · · Score: 5, Insightful

    Gold actually isn't that useful. It has a few niche applications in engineering that need tiny quantities as a corrosion-resistant coating or ultra-thin foil, but that's all. It's not even a very good electrical conductor - copper is better. The main use for gold is to be expensive - people wear it in order to flaunt their wealth. Like designer clothing, if it weren't so expensive people wouldn't want to wear it.