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At the excellent CSFI round table to discuss Simon Gleeson’s book “The Legal Concept of Money”, Charles Goodhart and I were invited on to the panel to discuss the subject (particularly in relation to cryptocurrencies). Simon is a respected (to say the least) expert on banking law kso as you can imagine his opinions were of great interest and very valuable. One topic that naturally occupied some of the discussion was “legal tender”. Simon was quite clear: the concept of legal tender is tangential to the debate and of almost complete irrelevance. The reason it keeps cropping up 

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We could fix mobile security, you know. We don't, but we could

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