Posted on 10/14/2021 7:03:31 AM PDT by ChicagoConservative27
Miami Mayor Francis Suarez (R) says he is moving forward with a proposal to pay city workers in bitcoin.
During an interview on Bloomberg Technology on Tuesday, Suarez said the city is will request a proposal this month to allow employees to get paid in bitcoin, and even allow residents to pay fees and even taxes in bitcoin if the county allows.
Suarez said it was a “major priority” for him as he wants to differentiate the city as a “crypto capital of the United States or of the world.”
(Excerpt) Read more at thehill.com ...
Ping
Well, they’re not making the bitcoins, they’re just using them.
I no longer worry about any process that keeps money out of the IRS’s hands. We made a big mistake as conservatives allowing the Drug Warriors of the 80’s to scare us into giving up huge amounts of privacy and freedom..
This must really be tough for the "BTC is The Same As Tulips" brigade here at FR.
Not legal tender.
Bitcoin = A fake currency designed for illegal activities and money laundering in particular.
“Why not just pay them with hookers and blow?”
If they do, you wouldn’t happen to know if they’re hiring, would you? Asking for friend.
how awesome would it be if Miami was holding hundreds of millions in bitcoin when one of its periodic collapses occurred ...
BTC averages a 200% return per annum, so not a bad bet.
“Its cheaper to issue BTC to employees than to use systems like ADP. “
would be even cheaper to pay in Wampum script ...
What a financially clueless idiot. A super volatile “currency” would only work if every other item you transact in was also based on the same currency.
Lol…
Nothing like having to pay short term capital gains taxes every time you buy groceries.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.