Miami Mayor Will Allow Employee salaries in Bitcoin

[Caldear]

Paying employees Bitcoin as wages is beneficial to Bitcoin market. The way makes more people to contact and understand Bitcoin, and when they see the benefits of it, they will also actively invest in Bitcoin. It will also increase the consensus and demand for Bitcoin, and at the same time enhance the liquidity of the Bitcoin market, which is conducive to the increase in value.
But there are certain risks to employees. Bitcoin prices are unstable and the market fluctuates greatly, so their assets may rise or fall at any time.

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[1714671310]

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[Daltonik]

The mayor of Miami, Francis Suarez, appeared on Fox Business to discuss the city's plans for its MiamiCoin cryptocurrency built on the CityCoin platform. The new digital asset is intended to receive funds necessary for the city's economy-if people accept it. https://dailyhodl.com/2021/07/28/bitcoin-capital-of-the-world-aka-miami-gears-up-for-crypto-splash-with-miamicoin/

[Daltonik]

MiamiCoin has already brought the city of Miami more than $8 million in two months. Mayor Francis Suarez said the project could "revolutionize” the way local programs are funded. Miami's own cryptocurrency was launched in early August and became the first Citycoin token of its kind.  https://decrypt.co/82363/city-centric-crypto-miamicoin-nets-7-8-million-for-city-of-miami

https://miamining.com/mia

[Daltonik]

Miami Mayor Francis Suarez has announced plans to become the first politician in the US to receive a salary entirely in bitcoin. He said that he would prefer to use Bitwage or Strike applications to convert salaries from fiat to BTC.

[paxmao]

Mayor Francis Suarez in an interview with Forbes shared plans to expand the use of bitcoin in Miami, which includes the possibility of paying salaries to city employees in bitcoins.
..

Excellent initiative. I would certainly like the option of getting some of my salary in bitcoin directly as opposed to buying it. Another matter would be to actually set that salary in bitcoin in the contract so that you get paid, eg. 2 bitcoin a year instead of 80 or 100k per year. That would really be impossible to assume as the government gets the income in USD and would not take the exchange risk.

[STT]

Everyone should be able to elect to arrange a pension in some percentage of Bitcoin allocated for the future.

What surprises me here is nobody cares the New York mayor is now announcing he will be paid in Bitcoin and will change the whole cities economy to integrate with Bitcoin.  This is news bigger then El Salvador to me due to the massive amount of commerce potential flowing through NYC every day, its a center of business for the entire country.   I take it as very bullish or are the hands of the Mayor tied as to real change.

[YOSHIE]

Mayor Francis Suarez in an interview with Forbes shared plans to expand the use of bitcoin in Miami, which includes the possibility of paying salaries to city employees in bitcoins.

I was thinking and wondering about the Mayor of Miami, doing allow payment of salaries for employees with Bitcoin, this of course there should be a change included in the law in Miami, that's for sure.

What I want to ask is:
• Does it apply to areas other than Miami.
• And how did the county respond to the policies of the mayor of miami, did they do the same in particular South Florida or the other way around.
• Of course each county, subject to the central government/president/prime minister, how is the Mayor of Miami in this, whether the central government approves it or vice versa.

What is certain is that what the mayor of miami is doing is good, but from the other side there must be pros and cons, because the relevant government must incur additional costs to send salaries with Bitcoin, and plus the unstable Bitcoin price sometimes goes up and down, if you multiply it by how many employees there are in the miami area, of course the shipping costs are also a lot, it's cons, the smallest.

[Daltonik]

Mayor Francis Suarez in an interview with Forbes shared plans to expand the use of bitcoin in Miami, which includes the possibility of paying salaries to city employees in bitcoins.

I was thinking and wondering about the Mayor of Miami, doing allow payment of salaries for employees with Bitcoin, this of course there should be a change included in the law in Miami, that's for sure.

What I want to ask is:
• Does it apply to areas other than Miami.
• And how did the county respond to the policies of the mayor of miami, did they do the same in particular South Florida or the other way around.
• Of course each county, subject to the central government/president/prime minister, how is the Mayor of Miami in this, whether the central government approves it or vice versa.

What is certain is that what the mayor of miami is doing is good, but from the other side there must be pros and cons, because the relevant government must incur additional costs to send salaries with Bitcoin, and plus the unstable Bitcoin price sometimes goes up and down, if you multiply it by how many employees there are in the miami area, of course the shipping costs are also a lot, it's cons, the smallest.

Well, here is a fresh example, the newly elected mayor of New York, Eric Adams, intends to receive the first three salaries in bitcoin after taking office in January 2022. He answered so directly in a comment to the tweet of Miami Mayor Francis Suarez.

[oHnK]

When the mayor said like that, it didn't suprise me because the policy which is implemented will be tried to the leader first. This is an action which push the society's trust to the policy. However, I dont think this will change much things because someone who didn't like the Bitcoin will not change as easy as they think. Need many literations for them to accept the policy happily

[Finestream]

Certainly the City of Miami will have a bright promising future in the hands of their current Mayor, because not all Mayors are as bright or didn't even bother to project what the people's need in other city unlike Mr. Suarez.
It's good for the employees either public or private to have the freedom to choose to have their salary in bitcoin or USD (fiat). And indeed it's nice to hear from leaders to be so innovative and implement such options to their countrymen, more and more have already implemented or starting to adapt more about crypto especially bitcoin.

But the Mayor's action certainly have pros and cons, but I know he think it thoroughly before introducing to the public about this. So there's nothing to be worry, let's just be happy for them and hope that it will spread throughout not just in USA but in other countries as well.

[Daltonik]

New York Mayor Eric Adams, in an interview with CNN, advises local schools to prepare students for a new way of thinking related to blockchain technology and digital assets. The politician noted the low awareness in the field of cryptocurrencies among his young voters.

It seems to me that students themselves can probably already teach teachers the basics of blockchain, although everything can be different everywhere, in any case, the initiative of educational activities in the field of digital technologies benefits the whole society.

[blockman]

When the mayor said like that, it didn't suprise me because the policy which is implemented will be tried to the leader first. This is an action which push the society's trust to the policy. However, I dont think this will change much things because someone who didn't like the Bitcoin will not change as easy as they think. Need many literations for them to accept the policy happily

There's now a contender that would have the same touch for bitcoin. It's becoming better that there are mayors that are already joining the bitcoin craze.
The mayor of NYC will have his 3 paychecks received in the form of bitcoin. These two mayors are doing a great job.
(https://news.sky.com/story/new-yorks-new-mayor-eric-adams-wants-his-first-three-pay-cheques-in-bitcoin-12460775)

[oHnK]

There's now a contender that would have the same touch for bitcoin. It's becoming better that there are mayors that are already joining the bitcoin craze.
The mayor of NYC will have his 3 paychecks received in the form of bitcoin. These two mayors are doing a great job.
(https://news.sky.com/story/new-yorks-new-mayor-eric-adams-wants-his-first-three-pay-cheques-in-bitcoin-12460775)

The mayor's policy is a positive supporting issue for the market, but we must realize that not everything that happens can go as it should.  There are many things that they are worried about will happen, for example if the major is not able to manage this technology and control stability just because crypto especially BTC cannot be managed by anyone and is decentralized..

So that with this policy it will be very easy for people to blame the mayor if there is an error in his policy.

[Daltonik]

Miami Mayor Francis Suarez announced speaking on CoinDesk TV that the city will place bets (i.e. block cryptocurrencies in order to generate income) on most of its native MiamiCoin cryptocurrency in order to generate income in bitcoins. Moreover, he said that Miami will become “the first city in America that will give bitcoin returns as dividends directly to its residents."
Previously, only MiamiCoin owners could receive any kind of crypto income
Now, according to today's announcement, residents will be provided with a bitcoin wallet and they will receive free BTC regardless of whether they own MiamiCoin or not. To participate in the program, Miami residents must install a wallet, register and pass verification. https://decrypt.co/85849/miami-will-start-giving-some-residents-free-bitcoin-mayor-suarez

Suarez himself says starting from 3min 18sec:

[LUCKMCFLY]

New York Mayor Eric Adams, in an interview with CNN, advises local schools to prepare students for a new way of thinking related to blockchain technology and digital assets. The politician noted the low awareness in the field of cryptocurrencies among his young voters.

It seems to me that students themselves can probably already teach teachers the basics of blockchain, although everything can be different everywhere, in any case, the initiative of educational activities in the field of digital technologies benefits the whole society.

This is something very positive because the USA is for a lot the most valuable country of the world economy, the fact that the btc is not yet included represents some delay that cannot occur, only when you see this type of news you can see that the young people themselves are more interested in looking for economic alternatives than adults themselves, and adults are the ones who must innovate in terms of the search for a better economic status.This new economic trend is taking place because BTC is rising in price, I want to see how the reactions will be When the process of Market Distribution occurs, for now everything looks good, but the idea is that according to the price of BTC all these policies continue to be maintained.

[Rufsilf]

When the mayor said like that, it didn't suprise me because the policy which is implemented will be tried to the leader first. This is an action which push the society's trust to the policy. However, I dont think this will change much things because someone who didn't like the Bitcoin will not change as easy as they think. Need many literations for them to accept the policy happily

Ofcourse the the implementation will be tried and test it to the leaders first to improve the outcome and where should the personal touches are necessary before the employees can have their salaries in bitcoin form. But it's just an option wether they would like to receive it in cash or crypto.
And yes there will be always someone or a group of people who will oppose every law to be implemented and it's not surprising at all. Bitcoin is still new to someone's ears and they need to be informed enough before they change their mind, and if a movement will start and a lot of people are already using it, they will eventually follow the flow.

[Wind_FURY]

Paying employees Bitcoin as wages is beneficial to Bitcoin market. The way makes more people to contact and understand Bitcoin, and when they see the benefits of it, they will also actively invest in Bitcoin. It will also increase the consensus and demand for Bitcoin, and at the same time enhance the liquidity of the Bitcoin market, which is conducive to the increase in value.
But there are certain risks to employees. Bitcoin prices are unstable and the market fluctuates greatly, so their assets may rise or fall at any time.

Salaries paid in Bitcoin will actually help/encourage it become as a medium of exchange for services that don’t require censorship-resitance, like groceries. No would buy Bitcoin just to spend Bitcoin on something that can be purchased through a credit card.

[TheNineClub]

It's definitely progress. How smart it is, is yet to be determined, I would rather see BTC being implemented in other ways than this, at first, because this seems like an abrupt transition. Sure, it will still be voluntarily, but that's a sketchy game to play with BTC volatility and just stinks of the whole putting up my house for mortgage to buy BTC situation we had a couple of years ago.

[terrorJR]

When the mayor said like that, it didn't suprise me because the policy which is implemented will be tried to the leader first. This is an action which push the society's trust to the policy. However, I dont think this will change much things because someone who didn't like the Bitcoin will not change as easy as they think. Need many literations for them to accept the policy happily

this is one of the actions based on the policies they said before. and it will certainly be very good when they are recognized and there continues to be a positive movement there.
regardless of people who don't like bitcoin it's a decision they make and we won't be able to do much about it.
giving more knowledge is necessary but if they don't want it then we don't need to force it