Will New York become a Bitcoin hub

[jossiel]

Andrew Yang was a candidate before for the presidency of the US but he seemed to see that he won't stand a chance so he just drops out to the presidential candidacy.

Maybe he's for this and he's going to be a better candidate and sees more chance of winning in the mayoral race in New York. With the offered help of CZ, I think it's all about funding and that really is a good backup for someone who's enthusiastic about bitcoin.

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[zanezane]

....

New york may already have tried this in 2018.

And it may have failed. Made a thread about it, here:

https://bitcointalk.org/index.php?topic=4103639.0

It might fail again but to be fair, we have to give it another shot. We don't know what Andrew Yang brings to the table so we have to see what he got, the 2018 seems to a half hearted initiative which means that measures taken are half hearted too. New York is a gathering of cultures and financial giants are harboring in this city and I think that a candidate that will be supported by people that wants the changes despite the ethnicity but at the same time will be fighting the giants that will get in the way of making a cryptocurrency friendly New York will be the most ideal face of NY.

[bits4books]

Ordinary political lies and nothing more. He want attention from media and nothing more. I want to reminder that to be pro-crypto is not enough to be a good politician with good skills

[Febo]

Will New York become a Bitcoin hub

LOL no. They had chances 5 years ago. NY is one of worst places on Earth to be as a Bitcoiner. A lot exchanges were and are available in other USA states, but not in New York.  If any state have advantage it is Wyoming.

[Karartma1]

First of all, New York needs to survive the pandemic crisis because they've been hit very bad by the covid-19 outbreak. Like most of the huge financial hubs of the world, New York has been suffering a lot and we will see whether the world will behave as before the pandemic hit. Therefore to become a bitcoin hub, NY will need a serious plan to overcome the recent crisis. I think bitcoin can really wait this time as there are other more important priorities.

[The Sceptical Chymist]

One of the users posted an ironic comment. According to him, the transformation of New York into a bitcoin hub is what the average resident of the city needs "with a sharp increase in rents and a crumbling infrastructure"

I'm not sure that's ironic so much as sarcastic, and it's obvious to that person at least that there are more pressing issues in NYC than turning it into a crypto hub.

I can't say this is good news, because Andrew Young hasn't been elected (yet).  Right now it's just a politician's promise, and we all know those can go by the wayside once someone gets elected.  However it is nice to see someone running for office in New York mentioning crypto as part of his platform--and kind of neat if you ask me.  

But isn't New York one of the most regulated states in the US as far as bitcoin is concerned?  I've heard that New Yorkers don't have access to exchanges like Binance and others.  So Young can make promises like this all he wants, but he's got to get around whatever regulations are on the books right now in NY.  

[semobo]

It is showing that there are some leaders who knows about cryptocurrencies or atleast he pretends to be but is it possible to become real? People are commenting that they are willing to escape from the absurd tax rates but how is it possible for a government to sustain in this world when people willing to avoid tax paying.

[kaya11]

Anytime I see this news I think of how my country is going backward, we everyone is going the right way forward, country are priding themselves to adopt crypto-currency and making their jurisdiction area Bitcoin loving, my country which was Africa fastest Bitcoin adopters placed a ban on it, calling it The reasons for, the nation naira devaluation, source of crime and many more.

It's just shows that how corrupt a country could be. If bitcoin is slowly adopting into ones country it will be seen as a threat to.the economy, the ones who ar ein power will to block these treat for their self interest. At this rate Africa will be left far over again compared to what a 1st world country is now, cities like New York, Japan, Korea, Singapore on and other cities will be soaring.

[Kong Hey Pakboy]

Building crypto hubs are not really necessary, I think. Government and other organizations just like to make things look like it is needed so crypto users will fall in to their plans. But not all users are not like that. Of course this will be argued by different people who have their own views about it, what are he potential benefits and problems may arise, and others such as reason, importance, etc. But since crypto are being used by anyone around the world, and we can actually access is anytime, anywhere, do we really need hubs??

[mannybitcoins]

and what about other states, like Miami?

Mayor of Miami:

"Having studied the possibilities of using BTC in Miami, thanks to the support of the city council, we plan to support the ability of enterprises to pay salaries in BTC, pay taxes in BTC, invest the city treasury in BTC"

The State of Miami is now waiting with open arms not only for Djigan, but for all the cryptans and readers of the DeFiamCheck blog.

[DooMAD]

Building crypto hubs are not really necessary, I think. 

Correct, it's not.  It's more a question of what New York would potentially gain by doing this, not what they have to offer us.  The main thing Bitcoin would get out of the deal is some positive headlines.  Recognition of increasing acceptance and adoption is always welcome.  But it's not an issue if this doesn't happen.

Government and other organizations just like to make things look like it is needed so crypto users will fall in to their plans.

I wouldn't say it's anything that sinister.  A politician just feels it would be a lucrative opportunity.  I'm not seeing any deeper plot than that.

[kolbalish]

I don't think because the positive period of BTC is not reached this level yet. So we can't depend on just whatever one says. And the most important fact is cryptocurrency is a decentralized system so it may not depends on a hub just.

[Reid]

Looks to me like his real target are the rich people.
Is he trying to gain more power?
This doesn't look like a movement for an average Joe.
Or is it sympathy/support from the mass while gaining access to the circle of big institutional investors.

Something smells fishy in this claim.
Why suddenly, out of the blue?

[Daltonik]

The New York State Financial Services Authority (NYDFS) has granted permission to the BitGo custodial service to operate as a trust company https://www.businesswire.com/news/home/20210304005299/en/BitGo-Receives-NY-Trust-Charter-from-the-New-York-State-Department-of-Financial-Services

[Johnyz]

There’a a lot of states in US are taking their part to support cryptocurrency but of course, if big apple accepts Bitcoin that can be the new Bitcoin hub considering the businesses that is available on NYC. We need more countries and states to support Bitcoin, not just on US states but also in other countries. The crypto projects are growing indeed, and we’re still seeking for a good place where they allowed these companies to operate legally, this can be the start.

[wheelz1200]

Yang had a good run for dem candidate and is now on the political map.  He would be good for NYC, and I'm sure given the current state of crypto in New York state currently a lot of crypto peoe would welcome yang with open arms.  He has some good positions and seems very level headed and reasonable.  Would like to see someone like him or him in the chair running nyc.

[goldade]

If making New York a bitcoin and cryptocurrencies hub is really a promise of the city mayor, then there is a high chance of him eventually winning the election since he will gain popularity among the young ones and the millennials because they are ready to accept change and they are the most enthusiastic about Bitcoin and all other cryptocurrencies.
However, you should know that it is not only the young ones who'll vote. There are a lot of people who don't know or are not interested in Bitcoin and who will vote so I think he should have some concrete plans for these other set of people. It is only when he's able to bring both categories to vote for him will he win the election

[Twentyonepaylots]

Erin's statements imply that Yang will power this supposed Hub under conventional means of electricity, which is nonrenewable fuels, but with the paradigm shift ongoijg right now to cleaner, greener, energy sources like solar electricity and wind energy, it can be argued that this fear Erin has about the environment being disrupted by the Hub could be fixed.

[CarnagexD]

As of the moment, the main issue of environmentalists about bitcoin is how polluting it can be to the environment, with the use of fossil fuels as its main source of energy as of the moment, this comes as no surprise. But Yang is a visionary, and probably with the help of influential figures, in the field of energy, we can power this crypto hub in a renewable energy source, possibly wind or solar energy, which is becoming more and more efficient by the day.

[Twinkledoe]

As of the moment, the main issue of environmentalists about bitcoin is how polluting it can be to the environment, with the use of fossil fuels as its main source of energy as of the moment, this comes as no surprise. But Yang is a visionary, and probably with the help of influential figures, in the field of energy, we can power this crypto hub in a renewable energy source, possibly wind or solar energy, which is becoming more and more efficient by the day.

I think that vision is very possible. Renewable energy is the current trend to combat the attack of the environmentalists. And I believe, that mission is not hard to accomplish. And show to the world that crypto business is not all about polluting the environment. I am looking forward on this goal and hopefully someone can realize this vision.