Pittsburgh Poised to Become First Municipality to Accept Bitcoin

[row5_seat47]

"...Pittsburgh is poised to become the first municipality to accept Bitcoin, Let’s Talk Bitcoin has learned.  A Subcommittee Report on Information Systems (PDF) with a “Recommendation to Improve Digital Government” released by the Office of the then Mayor-Elect recently surfaced online. ..."

http://letstalkbitcoin.com/blog/post/pittsburgh-poised-to-become-first-municipality-to-accept-bitcoin

UPDATE 7/17/2014 COINDESK
http://www.coindesk.com/pittsburgh-bitcoin-unstable-tax-payments/[/b]

[jjc326]

Wow this would really be something.  In fact I'd be very surprised if they did it.  Would they use Bitpay to get cash for the BTC submitted?  I can't imagine a government entity hoarding Bitcoin, what would they do with it?

[keithers]

This is actually really big news for the goal of getting BTC into the mainstream

[zhinkk]

Nice to see governments recognizing digital currencies now. Good news.

[niothor]

While it does not specify “Bitcoin”,  one is hard pressed to find another digital currency that the report could be alluding to (Ripple perhaps?).  In any case, we’re fairly certain it’s not Flooz. 

They talk about digital currency not about implementing bitcoin.

They might just as well release their own coins.

[row5_seat47]

 

They talk about digital currency not about implementing bitcoin.

What other digital currency could they possibly be talking about?
Name one.

They might just as well release their own coins.

Might as well but it does not appear to be their intent as mentioned in the article.

they use the phrase "accept digital currency"
not "issue digital currency"

[TheButterZone]

They talk about digital currency not about implementing bitcoin.

What other digital currency could they possibly be talking about?
Name one.

http://altcoins.com/

[row5_seat47]

http://altcoins.com/

LOL!  Yes The City of Pittsburgh gonna corner the Freicoin market.  No plans for Bitcoin though.

Maybe DarkCoin.  LOL.

name the coin.

They have a fiduciary responsibility and the most robust coin is Bitcoin.


The only other possible digital currency would be Ripple and that's a long shot.

[TheButterZone]

Depends on how you define robust. I'm not sure what I'd call the altcoins, but I wouldn't call BTC "robust". Maybe if it had remained stable at ~$1200 instead of crashing by half... http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zv

[row5_seat47]

Maybe if it had remained stable at ~$1200 instead of crashing by half... http://bitcoincharts.com/charts/bitstampUSD#tgSzm1g10zm2g25zv

volitality would be absorbed by the vendor whether it be Gov Link CoinBase or BitPay or a combination of thereof.

I doubt that Pittsburgh would hold a BTC position (at least initially). They won't expose themselves to price volatility. They will be using the Bitcoin Payment Network and won't be holding the bitcoin token.

BC

[row5_seat47]

UPDATE 7/17/2014 COINDESK
http://www.coindesk.com/pittsburgh-bitcoin-unstable-tax-payments/[/b]

[niothor]

UPDATE 7/17/2014 COINDESK
http://www.coindesk.com/pittsburgh-bitcoin-unstable-tax-payments/[/b]

This one along many articles is why I don't trust blog post claiming huge news and adoption rates.

There has been so much hype over pieces of discussion lately.

When the deal is real you'll find out from the company or the government itself not from a secret source.

[cinnamon_carter]

let's see how this goes,

once long ago the talley stick was the only way the king of england would accept tax payments,

if sticks of wood held off money changers for almost 400 years, may bitcoin can take a good run at them

[joshraban76]

This really is great news and could help Botcoin get out there more now which is what we need. At the moment bitcoin is not used in many places but the fact that some places are allowing it means that others are seeing it's being used and realising how beneficial it could be. Fingers crossed this is a break through bitcoin needs.

[niothor]

This really is great news and could help Botcoin get out there more now which is what we need. At the moment bitcoin is not used in many places but the fact that some places are allowing it means that others are seeing it's being used and realising how beneficial it could be. Fingers crossed this is a break through bitcoin needs.

Have you bothered to read through the posts and see the updates on it?

http://www.coindesk.com/pittsburgh-bitcoin-unstable-tax-payments/

However, in new statements to CoinDesk, city officials have confirmed that while “digital currency was indeed mentioned in one of the transition reports written before [current Mayor William Peduto] took office,” the city has “no current plans to take the currency”.