Electronic cash illegal?

[Derek Atkins]

> As far as I know, the legal definition of a "dollar" in the US is still a
> certain weight of silver, and payment in silver legally satisfies debts;
> under current silver prices, that probably costs more than a 
> $1 US Federal Reserve Note, so nobody bothers.

Uhh, no, US currency does not have any backing.  I believe it was
Nixon who stopped it, possibly even earlier than him.  There _used_ to
be Gold- and Silver-backed dollars, but no longer.

The US dollar is backed by trust alone, today.

-derek