Miami Mayor Will Allow Employee salaries in Bitcoin

[Renampun]

actually, the statement from the mayor has declared war on anti-Bitcoin...
I'm still not sure if this is the mayor's sincere wish or if there is any intention behind it. but I fully support the desire of this mayor to make it happen. *good luck to him

[saddampbuh]

i believe this guy is the real deal, he is known to associate with important names in the crypto world such as chamath palihapitiya and kevin thobias, there are probably some big moves in the works

[stomachgrowls]

actually, the statement from the mayor has declared war on anti-Bitcoin...
I'm still not sure if this is the mayor's sincere wish or if there is any intention behind it. but I fully support the desire of this mayor to make it happen. *good luck to him

Not trusting that much? I do also have the doubts because its just too odd for them on suddenly accepting specially that ties up with government specially getting involved with Bitcoin.

This isnt something that you can just easily read on news articles etc. For private companies then it wont be surprising but for government itself?

I can really blame out those who are still skeptical on such decision had made.If this one is really true then its great but i do still have doubts. 

[Oasisman]

actually, the statement from the mayor has declared war on anti-Bitcoin...
I'm still not sure if this is the mayor's sincere wish or if there is any intention behind it. but I fully support the desire of this mayor to make it happen. *good luck to him

Doubts are inevitable especially when a government gets involved in cryptocurrency, but as I have read the first article where the Miami mayor showing interest with Bitcoin to attract more Innovative investors and tech entrepreneurs in the city, is such a good initiative.
Now, the city mayor has even moved to a much higher interest with Bitcoin by paying them employees with it. From there, we all can really tell that he's aiming for the biggest story with cryptocurrency involvement of a local government in the USA.

[Tstar]

Congrats to Mayor Francis Suarez for the decision!

Usually, once anybody tries something and the results are positive, the others are following quickly. Let's hope that this will be the case with the Bitcoin salaries

[CarnagexD]

A great leap of faith that is sure to pay off well!

About time more influential people take on the cryptocurrency industry, and what's really good about this is the fact that sinve the employees' salaries are paid in bitcoin, it'll be easier for them to decide on how they will jumpstart their investment journey with bitcoin, ehich is really cool IMO. Now there should be more people inspired to consider taking advantage of bitcoin now more than ever.

[harizen]

Should be started even before but still a good progress that the local government initiates this to happen. I admire the effort of Miami's Mayor here.

Anyways, is this a mandatory implementation or employees can choose if they prefer to be paid in BTC. As we all know, even there's a wide adoption taking place and it's no secret what's the advantage of using bitcoin, people themselves are still hesitant to use BTC.

I don't know how long a Mayor's tenure on that state but if that won't push during his period, do you think the next Mayor will still push that idea?

[Fredomago]

Congrats to Mayor Francis Suarez for the decision!

Usually, once anybody tries something and the results are positive, the others are following quickly. Let's hope that this will be the case with the Bitcoin salaries

You said it right, if things went well expect that others will follow, this news brings Bitcoin to another useful ventures. Allowing employees salaries means that those people will have the chance to hold some assets.

If they'll see the value of keeping the money, the chance of making it more bigger in the long run adds up to mke them as investors to this system

Looking forward to more successful usages and more people to acquire and treat this system as alernative not just a investment form but also a good ecosystem for payment transactions.

[OROBTC]

...

Miami is making its move to become a major financial hub.  Already many NYC hedge funds and banks are moving some operations to S Florida (esp. Palm Beach County, two hours north of Miami).

Mayor Suarez may be stirring the pot a little harder to bring in tech talent (esp. crypto tech talent) from California.

Miami has much nicer weather than NYC (most of the year), and is much more free place than California.  Perhaps even more relaxed than California.  Lower taxes & less regulation than New York and California.

[poodle63]

I mean, All employees should have the privilege of receiving salary in the form that they wanted, whether it's bitcoin, money, or even gold it should be their right.
Big companies should also follow this practice IMO since it's gonna give more freedom to the employee and by that the employee could focus more on putting their energy into working and not be bothered to through complicated process of converting their salary.

[Daltonik]

...

Miami is making its move to become a major financial hub.  Already many NYC hedge funds and banks are moving some operations to S Florida (esp. Palm Beach County, two hours north of Miami).

Mayor Suarez may be stirring the pot a little harder to bring in tech talent (esp. crypto tech talent) from California.

Miami has much nicer weather than NYC (most of the year), and is much more free place than California.  Perhaps even more relaxed than California.  Lower taxes & less regulation than New York and California.

You are absolutely right when you say that more and more government agencies are investing part of their funds in bitcoin, for example, the California State Pension Fund (CalPERS) almost sevenfold increased investments in the mining company Riot Blockchain in the fourth quarter of 2020. At the end of 2020, CalPERS already owned 113,034 shares of the mining company for over $1.9 million.

From October 2020 to January 2021, Riot Blockchain shares have risen in price tenfold, so investments in blockchain technologies here are rather pragmatic in order to diversify savings

[sakbahagiaku]

Great news! I think this is done in order for bitcoin to enter the market. It can become as popular a currency as fiat money

yes and it surprises me a bit, is this a sign of the start of crypto in the governance system.

[Lorence.xD]

This is pretty incredible and makes me kind of wish that I still lived in Miami.  My stay there was quite brief, however I miss it for this reason and the fact that I spent an hour shoveling snow away from my car just yesterday so I could just get in it. 

I do wonder how this could play out scam wise.  Miami is a scammer haven.  I'm not sure there's a city in the US that's more heavily involved with scams/fraud etc. 

Yes, Miami the capital where the legendary stories of "Florida Man" is born. I was following a Youtuber that lives in Tampa Bay Area, and he says that Miami is a big shit pit because everything there is expensive as heck. Not to mention the rampant meth addicts. The only good thing about Miami is the night club with expensive alcohol drinks and the beach where a lot of drunks are staying. I hope that this plan to give employees salary choices a success because this could be followed by many cities all over the world.

[virasisog]

This is a huge step for crypto, being acknowledged by the government and is used as a means to pay employees' salaries. This kind of publicity can lead to mass adaptation and could also lead other municipality to follow their steps of this works out well in their municipality.

[Hydrogen]

How would people feel if silicon valley in california died. And was replaced by miami florida.  

The only element they lack to create a solid tech business environment are capital gains tax cuts for bitcoin and crypto HODL'ers.

Florida already lacks state based income taxes and is a great low tax environment for starting and running a business. Those are definite advantages it has over california.

We could see interesting shifts over the next few years where florida's GDP cap skyrockets off its business friendly deregulation and low taxes. Coupled with malcontent over high taxes and overregulation in california.

[oHnK]

actually, the statement from the mayor has declared war on anti-Bitcoin...
I'm still not sure if this is the mayor's sincere wish or if there is any intention behind it. but I fully support the desire of this mayor to make it happen. *good luck to him

Not trusting that much? I do also have the doubts because its just too odd for them on suddenly accepting specially that ties up with government specially getting involved with Bitcoin.

This isnt something that you can just easily read on news articles etc. For private companies then it wont be surprising but for government itself?

I can really blame out those who are still skeptical on such decision had made.If this one is really true then its great but i do still have doubts. 

Whatever our current doubts, the most important thing is that this news will give a positive vibe to Bitcoin itself. If more governments legalized Bitcoin, the much better. Keep thinking positively guys, hopefully even though it's not too big the effect will still provide benefits for me. And this can expand the reach of bitcoin socialization to the general public so that they are more aware of the benefits they will get in the future.

[Febo]

... and before the Mayor could make a public statement about paying salary in crypto there must be some in-door conversation going on it.

He did not said it will happen. He said they will research it and think about it. They are considering. Everyone should consider and pay salaries the way that is best for them. Without research that will not happen.

[suzanne5223]

... and before the Mayor could make a public statement about paying salary in crypto there must be some in-door conversation going on it.

He did not said it will happen. He said they will research it and think about it. They are considering. Everyone should consider and pay salaries the way that is best for them. Without research that will not happen.

Oh ok, now I understand the whole story and I believe he considers making some research about the idea due to his political reputation which I believe he don't want it to be affected but him making a public statement mean he will work on it and we may see some company paynf their workers salary in crypto within the Miami axis.

[Oceat]

Hopefully this would happen in other countries too, it surely help to make fast the adoption of Bitcoin since most people doesn't have any idea of what is Bitcoin. Hopefully the plan would went well and there is no commotion behind the scene. It's a positive news already driving to help employees to choose what sort of payment they would like to accept.

I mean, All employees should have the privilege of receiving salary in the form that they wanted, whether it's bitcoin, money, or even gold it should be their right.

I have a doubt about the gold part since it would be a waste to just give the employees a couple kilo of gold. Employees, would most likely to choose fiat over crypto but it also depends on what could be their choice.

[goinmerry]

The Mayor is optimistic about this but does their employees want that plan?

Employees will surely prefer the usual way of getting their paychecks instead of receiving it by Bitcoin and convert it using a third party platform as they already need the money.

But since the topic said "will allow" means not all can take part and maybe for employees that prefer it.