Miami's mayor disagrees Jamie Dimon and says that Bitcoin is definitely not worthless

Miami's mayor disagrees Jamie Dimon and says that Bitcoin is definitely not worthless

Francis Suarez contradicted Jamie Dimon's opinion that Bitcoin was “worthless”. The primary cryptocurrency has an inner value, while the underlying blockchain technology is "the safest and most decentralized blockchain in the world," said the mayor.

Suarez vs. Dimon

The Mayor of Miami - Francis Suarez - and the CEO of JPMorgan Chase - Jamie Dimon - are definitely in the opposite corners when it comes to Bitcoin's advantages. While the top politician is one of the greatest supporters of the leading digital asset, he often screams sentences such as " Finger away from Bitcoin "," Bitcoin is the gold of the fool of the future "or its latest-" Bitcoin is worthless . "

in a recently

According to the politician, Bitcoin causes excitement among some investors, as it is not bound to the Fiat system or monetary policy. Therefore, it is no wonder that developing countries around the world have a look at the cryptocurrency with closed economies:

"There is also a wave of countries in Central America, South America and Africa, which Bitcoin could take over as a basic currency and revolutionize Bitcoin's usefulness."

It is worth noting that Suarez is not only a BTC supporter, but also a Hodler. In June he one by making a personal investment in Bitcoin and Ethereum.

afterwards, last month, Miamis Mayor called His administration works to ensure that the city dwellers can pay their taxes in BTC.

"We want to do it with Bitcoin because we know that and we trust. We think that it is best verifiable and most trustworthy network," he concluded.

Francissuarez Francis Suarez, Bloomberg

How is Miamicoin?

Miamicoin was introduced by crypto developer CityCoins Inc. in August this year and is a new digital asset that aims to arouse interest in the city's urban projects. Just like Bitcoin, it is decentralized and works according to the proof-of-work-algorithm.

With successful mining, however, 30% of the reward goes to a digital wallet for the city of Miami, as Francis Suarez explained. He added that the asset had $ 16.5 million during its more than two-month existence:

"In the case of Bitcoin, the reward would have gone 100 % to the miner, in the case of Miamicoin, 30 % of it goes to a digital wallet for the city and that generated $ 16.5 million in 75 days."

.

Kommentare (0)