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Old Mar 28, 2010, 4:56 pm
  #8340  
michaelm69
 
Join Date: Apr 2009
Location: los angeles
Programs: BA Silver, Marriott Gold, BA Silver, SPG Gold, Hyatt Plat, Amex Plat
Posts: 39
Originally Posted by sethb
Personally, I hope that the Mint gets the Fed to require banks to report the names of people who deposit large numbers of coins, so the Mint can cut those people off entirely (and let the rest of us, who spend them, continue with it).

So by extension...if you, and other coins holders are paying for a good or service with the same local business owner with said coins on a regular basis and then this vendor takes a large portion of those coins you and others paid him with to the bank for deposit in their business account they should be reported?!

Seems wildly unfair and ultimately will end up having the opposite effect on you...since you will see most vendors will stop accepting these coins because they fear they will be reported to the Fed.
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