Ninjastic
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Re: Brazilian mayor to reportedly invest 1% of city funds in Bitcoin
by
Kelvinid
on 17/01/2022, 14:15:51 UTC
Quote from: RondoAnyar on Today at 12:23:00 PM
Quote from: Woodie on January 15, 2022, 11:54:35 PM
As much as this sounds good for the crypto community, am hoping that the mayor is not acting ultravires which could land the mayor in problems and in the process give bitcoin a bad name. But if his acting within his powers then this is good news Smiley and hope this investment pays well with time.
Yes, it's true I have the same thoughts as you, what I'm afraid of is that he hides behind the word "bitcoin" especially if it is used for his own political interests. I think all bitcoin users welcome this, as long as it doesn't make bitcoin a bad name in the wider community later.
Then, I hope not but instead to have a clear statement in regards to funding 1% investment for Bitcoin. If the intent is to use for his political will, that surely it brought him in question and ruin his image. But I guess, he doesn't have the intent like that, maybe he is just able to see what this small investment could help for their economy. Although 1% is very small, at least it was a stepping stone to a bigger adoption.