Post
Topic
Board Economics
Re: Miami will launch its own cryptocurrency and reward users with bitcoin
by
FeelingAwake
on 03/08/2021, 19:22:01 UTC
They are in a unique position(as is El Salvador) to truly understand the text of the following book.

Experiment at Wargol.(https://www.citeco.fr/10000-years-history-economics/industrial-revolutions/the-worgl-experiment-in-tyrol-austria-the-first-parallel-currency

If they truly understand what Bitcoin is and isn't, they can redefine what it means to fund a city or a state(country)..

To start they could start small.. Invest maybe a million USD into BTC and get as many Sats as they can... Use that money to "spend" into the economy.  Maybe keep it simple.. Pay artists to do murals on blank ugly walls in the city.. Pay them x thousands of Sats...

THEN on the other side.. Line up private vendors to accept those sats to buy food or more paint or good they need to do more murals.... Creating a positive feedback loop. Giving velocity to the BTC... Possibly doing a Lightning chain. where if those Bitcoins don't get spent in 3 or 6 months, they will revert back to the owner(Miami).. Encouraging those coins to be spent out into the economy instead of just HODLing..

Show what BTC can do at a local small level....

Just an idea.