SB 111-05: Competing Currencies Act (Motion to table)
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  SB 111-05: Competing Currencies Act (Motion to table)
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Author Topic: SB 111-05: Competing Currencies Act (Motion to table)  (Read 539 times)
WD
Western Democrat
Junior Chimp
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« on: September 11, 2022, 03:55:05 PM »
« edited: September 17, 2022, 08:02:34 AM by WD »

Quote
COMPETING CURRENCIES ACT

SECTION I: NAME
a. This act shall be referred to as Competing Currencies Act

SECTION II: Competing Currencies
a. Gold and silver shall be considered forms of legal tender.
b. Cryptocurrencies, with a value that is purely economic, used in transactions, and for storing money, shall be considered an alternative form of currency.
c. Any regulations prohibiting Atlasians from using gold, silver, cryptocurrency and any other alternative currencies developed in the future in financial transactions if a seller accepts the payment in alternative currency or legal tender are hereby eliminated.
d. Any regulations prohibiting an employer from paying an employee in legal tender or cryptocurrency if the employee accepts wages in an alternative currency or legal tender are hereby eliminated.
e. All federal taxes on gold and silver are hereby eliminated.
f. Any regulations prohibiting the operation of private mints for alternative currencies are hereby eliminated.
g. Nothing in this act shall modify, amend, or supersede the No Foolish Tokens Act.

SECTION III: TIME
a. This act shall take effect at the beginning of fiscal year 2023.

Sponsor: DeadPrez
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West_Midlander
Junior Chimp
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« Reply #1 on: September 11, 2022, 04:05:21 PM »

I will sponsor.
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WD
Western Democrat
Junior Chimp
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« Reply #2 on: September 11, 2022, 04:07:15 PM »

24 hours to object to sponsorship
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WD
Western Democrat
Junior Chimp
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« Reply #3 on: September 12, 2022, 11:09:01 PM »

WM is recognized as sponsor
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LGC Deputy Spark
Spark498
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Junior Chimp
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« Reply #4 on: September 13, 2022, 08:50:43 PM »

I know what the premise of this bill is trying to do but what will be the value of these currencies? Will they be pegged to the dollar?
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GM Team Member WB
weatherboy1102
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« Reply #5 on: September 13, 2022, 09:05:34 PM »

I don't support giving crypto legitimacy at this rate, it hasn't worked well in El Salvador and it still hurts the environment
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S019
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« Reply #6 on: September 13, 2022, 11:30:15 PM »

Ah it's time to relitigate the most important issue of our time: should we coin gold, silver, or both.

Checks calendar

What do you mean it's not the 1890s....
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Utah Neolib
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« Reply #7 on: September 16, 2022, 09:20:50 PM »

Motion to table
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GM Team Member WB
weatherboy1102
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« Reply #8 on: September 17, 2022, 12:35:33 AM »

seconding
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WD
Western Democrat
Junior Chimp
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« Reply #9 on: September 17, 2022, 08:02:03 AM »

Vote on the motion to table is now open. Please vote Aye, Nay, or Abstain.
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West_Midlander
Junior Chimp
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« Reply #10 on: September 17, 2022, 08:06:22 AM »

Nay
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rpryor03
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« Reply #11 on: September 17, 2022, 10:33:38 AM »

Aye
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Devout Centrist
Junior Chimp
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« Reply #12 on: September 17, 2022, 03:16:07 PM »

Aye
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Southern Senator North Carolina Yankee
North Carolina Yankee
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« Reply #13 on: September 17, 2022, 04:22:13 PM »

Aye


This attempt at Bimetallism reeks of Bryanism. It has been the well established wisdom of the ages that only Gold can secure a stable currency for a prosperous nation.
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Utah Neolib
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« Reply #14 on: September 17, 2022, 04:36:51 PM »

Aye
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GM Team Member WB
weatherboy1102
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« Reply #15 on: September 18, 2022, 01:59:44 AM »

Aye
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LGC Deputy Spark
Spark498
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« Reply #16 on: September 18, 2022, 07:31:16 AM »

Aye
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SN2903 Republican
DeadPrez
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« Reply #17 on: September 18, 2022, 08:51:41 PM »

nay
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WD
Western Democrat
Junior Chimp
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« Reply #18 on: September 21, 2022, 04:39:09 PM »

Closing in 24 hours
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SevenEleven
Junior Chimp
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« Reply #19 on: September 24, 2022, 02:50:41 PM »

Aye.
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WD
Western Democrat
Junior Chimp
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Posts: 6,490
Ukraine


Political Matrix
E: -7.35, S: -0.35

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« Reply #20 on: September 25, 2022, 02:45:19 PM »

By a vote of 7-2-0-9, this is tabled.
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