Quote from: doomloop on Today at 07:02:33 PM

Quote from: figmentofmyass on January 28, 2021, 05:30:04 AM

here's an interesting update from the city of miami.

no word on direct investment yet, but in reaction to the recent faketoshi/whitepaper controversy, they started hosting the whitepaper on the city's website: https://www.miamigov.com/Government/City-Officials/Mayor-Francis-Suarez/Bitcoin-White-Paper

is CSW gonna threaten to sue them now too? Cheesy

CSW can go ahead and do whatever he wants, there is no way any court of law would find him right in any sense, it is a laughing matter about how he doesn't even get his lawsuits accepted most of the time because any court sees what the situation is about and they just throw the case away. This is why if anyone wants to do anything about bitcoin related they do not have to worry about CSW since the dude is a complete idiot.

However Miami putting their public funds on bitcoin doesn't really sound like a good idea, I can put my funds, you can put your funds but Miami putting others funds into bitcoin basically. Could it profit them? Sure it can, however if they end up losing money, they are betting on bitcoin with other peoples money and that is a problem. If I lose money on bitcoin that is my problem, if Miami mayor loses money on bitcoin that means he is losing others money and that should not be acceptable.

This guy is a joke and its just right that people wont really be putting up much attention and isnt he really ashamed on things that he's been doing? Its better to ignore that to put up attention to this guy.

About on the public funds that had been invested then its not really a great idea, he's putting on the risk on the money that should really be used for city's development and other progressive projects.
Its not bad to aim for more profit or making it big but to think that this would also result into devastation too because market can crash anytime.Then what would he do?
What would he say to the people if that one happens? Sorry wont really be enough for sure.