Miami Mayor Will Allow Employee salaries in Bitcoin

[imstillthebest]

This is a good way to make an advertisement of Bitcoin actually. Otherwise, there is no need to do such thing as people can already buy some Bitcoin with some amount of their salary.

if they already know btc but for the others that doesnt know btc they wont have the chance to try it if not because a mayor introduce it to them .
we need more of this mayor because this remove the doubts of others about btc  .

very lucky to have a mayor who really understands his citizens who are most likely bitcoin or other crypto users, hopefully this will be a positive example that will make bitcoin positive and useful for those who use it, and but it must be realized that bitcoin has a volatile nature.

is your mayor doesnt like that ? our mayor havent done this but they have done other projects that helps us and our country . wait till the users of crypto increases in your country and you can request the same thing . it wont be hard to approved by the mayors

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[nikrobi]

Day after day more and more people migrate or introspect into the virtual life, be it for funny or for earning multiples financial advantages. Therefore, more than never, it's important for seers to pave this road with sustainability supported and based on a legislation which holds positively every possible welcome business source able  to assume this new and unregretable crypto economy.

Naturally digital coins have being stabilished by themselves but the help of the ones who can see very very ahead is the great boom to change an old and overcome financial model focused in itself to rule the world.

Congats Miami, Congrats El Salvador!

The Future has been triggered!!!

[Princejebs]

What do you really think will happen to bitcoin if they world. Decide today to embrace crypto and focus on its utility value instead of this unnecessary hate here and there by the state and federal government.
China for example is known for always banning crypto at every all time high just to scared people from investing there money which is very discouraging.
If us, China and Russia decided to follow crypto today, believe me, other countries will follow.

[sunsilk]

What do you really think will happen to bitcoin if they world. Decide today to embrace crypto and focus on its utility value instead of this unnecessary hate here and there by the state and federal government.
China for example is known for always banning crypto at every all time high just to scared people from investing there money which is very discouraging.

They're not known for always banning crypto. They've been used by the media to spread FUD as they've banned ICOs long time ago and whatever the news rotates, it can be fabricated and they've replace some important facts.

If us, China and Russia decided to follow crypto today, believe me, other countries will follow.

I think that they've already did. I remember years ago that Russia did attempted to make their own cryptocurrency but not a CBDC. It's just so confusing which information are correct with the media.

[sapnu]

Even though Miami is just one of America's many states, this kind of news shows us how much progress is being made in bitcoin. I'm sure they gave their employees the freedom to choose whether they will accept bitcoin or fiat as their salaries. The declaration saying that the Mayor behind this is planning to spread it into large states in America should give us confidence and make us more eager to keep on holding and investing. El Salvador started it already, imagine that almost every part in America regulates crypto, that will surely make a huge impact on the market price of bitcoin and other altcoins.

[Vaskiy]

Years back Indonesian tea estate owners gave employees the choice of choosing their salaries in terms of bitcoin. During those days the plantation workers were from different locations of the country and from other countries. To minimise the transaction costs through third party services people preferred getting paid in bitcoin. Now more ventures have started providing salaries in terms of bitcoin on demand and on its potential growth.

[Daltonik]

A little more about the sentiment on the acceptance of bitcoin in the United States, for example, US Senator from Wyoming and bitcoin supporter Cynthia Lummis in an interview with CNBC called for considering bitcoin as a way to diversify retirement and long-term savings. https://www.cnbc.com/2021/06/29/cnbc-transcript-senator-cynthia-lummis-speaks-with-ylan-mui-from-the-cnbc-financial-advisor-summit.html

I am worried that all our retirement funds are denominated in US dollars. As part of diversification, asset allocation allows you not to store all the eggs in one basket

[ziennakarishma21]

I think this is good news for BTC and is a new step in the current technology industry, in the future there will be more places accepting BTC and BTC will become popular all over the world, with lands countries ban BTC they will have a different view of BTC and this is good news for BTC.

[maisao1991]

This is another good news for BTC after the past few days affected by bad news from China, This could be a good step forward for the development of BTC in the future. Will be accepted by many places for payment in BTC moreover, BTC price has rallied $36k again today and after good news like this it will continue to increase

[SacriFries11]

well, i think this is a good start. Slowly governments are accepting bitcoin or cryptocurrencies as mode of payment, such as salary for employees. There is an option for an employee if he/she will keep, invest or exchange it already. But better save and invest it so that it will grow and take profit in the future. I hope more politicians study the benefit of using bitcoin. In the future, this might the next big thing.

[Rasa nanas]

This is great news, if every leader becomes like him then we will all have a good economy, having salaries in bitcoin will let you get curious about it and can lead you to gain more knowledge about it, this step will make their employee likes bitcoin and invest on it as well. Hoping that every country will have a good leader like him on which they are making their employee good by giving them a curiosity about cryptocurrency.

well it seems true, but it is very difficult to achieve. as we know that every country has a different view on bitcoin circulation. In some countries such as China and Russia tend to reject bitcoin, while in El Salvador bitcoin has already been legalized.

[ROSERTY]

The mayor pays employees Bitcoin, which is recognition and belief in Bitcoin. The government supports cryptocurrency and uses Bitcoin for daily transactions, which promotes the application of Bitcoin in a wide range of fields. More people can learn about Bitcoin and realize its important impact.
Bitcoin will become more and more popular, and its future development will get better and better.

[BETTYUI]

Using Bitcoin to pay employees' salaries shows the government's recognition of Bitcoin, which has a positive impact on the development of Bitcoin.
When employees obtain Bitcoin, they will trade in their daily lives, increase the circulation of Bitcoin in the market, and make more and more people aware of Bitcoin, which is conducive to the future development of Bitcoin.

[conected]

well, i think this is a good start. Slowly governments are accepting bitcoin or cryptocurrencies as mode of payment, such as salary for employees. There is an option for an employee if he/she will keep, invest or exchange it already. But better save and invest it so that it will grow and take profit in the future. I hope more politicians study the benefit of using bitcoin. In the future, this might the next big thing.

- Starting with paying employees in bitcoin is probably still too early at this point because basic education hasn't quite happened yet, some people just know bitcoin will be profitable to hold but without some additional information on risk, monthly salary can be ruined, the price of bitcoin halving also leads to their salary being halved, employees will lose their morale at work and just look at the screen that has a bitcoin chart. Do not encourage a business to make their employees so sluggish, start with a proper teaching and training session

[Ultegra134]

That's a great advancement for Bitcoin but I'm unsure if I'd opt for it if I was given the chance. On the one hand, it could be a great investment opportunity, while on the other hand, it could be disastrous if your likelihood is depending on that salary. It's nice that employees were given such a choice. Especially during this period, where BTC's price is relatively low.

[jaysabi]

It'll be more interesting to see how many employees actually take this up.  The thing about your job is that you need the pay to live your life, you can't afford to take your salary in a method that is unusable as a currency because you can't pay your rent or or mortgage or buy groceries with it.  I also wouldn't take my salary in bitcoin because there's no telling what it will be worth tomorrow, let alone a week or month from now, so you run a very high risk of losing 10% or more of your pay because the currency devalues. So I'll be interested to see who actually does this.  My expectation is this was just something the mayor did for headlines, but it has to real-world applicability.

[jossiel]

Using Bitcoin to pay employees' salaries shows the government's recognition of Bitcoin, which has a positive impact on the development of Bitcoin.
When employees obtain Bitcoin, they will trade in their daily lives, increase the circulation of Bitcoin in the market, and make more and more people aware of Bitcoin, which is conducive to the future development of Bitcoin.

They also have the choice not to trade those salaries that they receive. I've read some interviews that the guy was being paid with bitcoin and he doesn't want to spend it.

But as much as he can, he's saving bitcoin because he knows the true potential of it. He's just a common guy but still aware of the risk and the volatility of bitcoin has.

[Liamttw]

Bitcoin is the earliest popular cryptocurrency. It was accepted by a small number of people to pay employees' salaries with Bitcoin, which is a great recognition of Bitcoin and has a positive impact on the cryptocurrency market.
The government accepts Bitcoin as payment, more people will recognize Bitcoin, which will increase the demand for Bitcoin, and its value will also have a lot of room for growth, which is conducive to the future development of Bitcoin.

[Fredomago]

Using Bitcoin to pay employees' salaries shows the government's recognition of Bitcoin, which has a positive impact on the development of Bitcoin.
When employees obtain Bitcoin, they will trade in their daily lives, increase the circulation of Bitcoin in the market, and make more and more people aware of Bitcoin, which is conducive to the future development of Bitcoin.

They also have the choice not to trade those salaries that they receive. I've read some interviews that the guy was being paid with bitcoin and he doesn't want to spend it.

But as much as he can, he's saving bitcoin because he knows the true potential of it. He's just a common guy but still aware of the risk and the volatility of bitcoin has.

If he have that knowledge and enough trust with what this crypto currency may bring him, keeping all or big portions of his payment might bring him the retirement money that he's desiring.

We can say that those who have that idea about this industry, they'll be thankful as the mayor gives them the opportunities to hold good amount of assets that potentially will grow after some time.

Good move if looking in the positive side, this kind of gesture brings more attention to other people who don't have any idea about this market.

[paxmao]

If I had to choose which news to have, i would certainly not like to hear that Miami is a pioneer on bitcoin acceptance or implementation. Yet it is impossible that it is not that way, this news only make it official. Miami is one of the drug trafficking centers in the US, not that they are short of hubs for that. Unfortunately, not everything that bitcoin is used for is legal, and in the case of Miami I see adoption as a demonstration of mis-use of bitcoin and probably not what this community needs - even if from the city major.