VERO BEACH, Fla.
- Jan. 13, 2014
-- Steve Fromang won't be the first lawyer in the States to accept Bitcoin as payment. And he doesn't believe he'll be the last.
"Our justice system was built around property rights, but since the dark ages of the 20th Century, the U.S. government and its bedfellows at the Federal Reserve have been criminally eroding the value of U.S. currencies. Through monetary manipulation, the 'dollar' is worth a fraction of its face value. Only misguided 'faith' keeps the dollar alive."
Law offices around the country are slowly catching on to the idea of accepting Bitcoin for legal retainer payments.
Of course, an attorney can face potential ethical and even criminal issues if clients pay them with assets that the attorney knows the client acquired through illicit conduct. Does Mr. Fromang foresee any troubles arising for him? "I don't accept dirty money from my clients in the form of dollars, and won't change that policy merely because I'm paid in Bitcoin or other virtual currencies."