{"id":11595,"date":"2021-10-04T11:14:50","date_gmt":"2021-10-04T10:14:50","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=11595"},"modified":"2021-10-04T11:14:59","modified_gmt":"2021-10-04T10:14:59","slug":"miami-mayor-francis-suarez-addresses-the-potential-of-cryptocurrency-in-government-in-the-futuremiami-mayor-francis-suarez-addresses-the-potential-of-cryptocurrency-in-government-in-the-future","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/miami-mayor-francis-suarez-addresses-the-potential-of-cryptocurrency-in-government-in-the-futuremiami-mayor-francis-suarez-addresses-the-potential-of-cryptocurrency-in-government-in-the-future\/","title":{"rendered":"Miami Mayor Francis Suarez addresses the potential of cryptocurrency in government in the future"},"content":{"rendered":"\n
The mayor has also previously stated that the city will not require “private sector philanthropy<\/a>” to function properly.<\/h5>\n\n\n\n
\"Miami<\/figure>\n\n\n\n

According to Miami Mayor Francis Suarez\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, who turned to Twitter to celebrate the success of MiamiCoin Wallet, which had earned one million dollars in a single day and had a balance that exceeded $9 million at press time.<\/p>\n\n\n\n

While everyone today likes to focus on the negative and want to create conflict and division\u2026We made 1 million dollars on Miami Coin\u2026TODAY\u2026think about that! https:\/\/t.co\/Ycbwre6Wss\u2014 Mayor Francis Suarez (@FrancisSuarez) October 1, 2021<\/p><\/blockquote>\n\n\n\n

The MiamiCoin Wallet was created with the intention of collecting city revenue without imposing taxes on citizens while also rewarding investors.<\/p>\n\n\n\n

The mayor <\/a>has stated that the city will not require \u201cprivate sector philanthropy,\u201d while simultaneously noting,<\/p>\n\n\n\n

\u201cWhen you think about the possibility of being able to run a government without the citizens having to pay taxes. That\u2019s incredible.\u201d<\/p><\/blockquote>\n\n\n\n

As a crypto-advocate who has championed ideas to allow employees to be paid in Bitcoin for years, Suarez is well-known. Besides that, he has advocated for the acceptance of Bitcoin for the payment of tax and fees. The Mayor of Miami stated in a recent interview that;<\/p>\n\n\n\n

\u201cWe\u2019re so excited about, you know, government, innovating, and the mainstreaming of technology <\/a>that so many people were involved in\u2026\u201d<\/p><\/blockquote>\n\n\n\n

Suarez expressed his admiration for the “mathematics” of decentralized technology and his belief that Bitcoin has the potential to tackle the problem of government corruption. In spite of this, though, the mayor was also attempting to profit from the China embargo. It was he who stated,<\/p>\n\n\n\n

\u201cIt\u2019s an enormous geopolitical strategic opportunity for the United States.\u201d<\/p><\/blockquote>\n\n\n\n

Specifically referring to the mining center in the United States, a recent report stated that Florida Power & Light, a nuclear facility headquartered near Miami, was in discussions to host mining rigs. As the Bitcoin hash rate<\/a> was on the verge of regaining its pre-China ban levels, the mayor of San Francisco tweeted about miners relocating their operations to the United States. <\/p>\n\n\n\n

His statement stated that a substantially greater percentage of mining in the United States <\/a>is being carried out by ESG-compliant carbon neutral firms.<\/p>\n\n\n\n

Suarez, on the other hand, has been advocating for carbon-neutral mining in Miami. He has previously stated on CNBC,<\/p>\n\n\n\n

\u201cThe fact that we have nuclear power means that it\u2019s very inexpensive power.\u201d<\/p><\/blockquote>\n\n\n\n

Concerns regarding Bitcoin's environmental effect, according to Suarez, stem from the fact that much of the mining is taking place in coal-producing countries, as reported by the Wall Street Journal.<\/p>\n","protected":false},"excerpt":{"rendered":"

The mayor has also previously stated that the city will not require “private sector philanthropy” to function properly. According to Miami Mayor Francis Suarez , who turned to Twitter to celebrate the success of MiamiCoin Wallet, which had earned one million dollars in a single day and had a balance that exceeded $9 million at […]<\/p>\n","protected":false},"author":13,"featured_media":11599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[4854,870],"class_list":["post-11595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-miami-mayor","tag-technology"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/10\/image-3.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=11595"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/11595\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/11599"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=11595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=11595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=11595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}