"This guy wants to be paid in the drug trading, dark web, and pedo currency" - his opponents, if they were competent
It's how you pay Roger Stone to help you out. At least according to Matt Gaetz' trafficker friend.
Not means tested enough. The initial pie in the sky dream proposal is an "up to" $500 tax credit for the purchase of an NFT with a value above $500 available for all Americans with with an income below $50,000, at least $50,000 in outstanding federal student loans, and a child under the age of 16.
Sinema will come out against it, on the grounds that it technically is a form of student loan relief, but Manchin will be fully on board and fully erect as soon as he hears the term "gas fee" and is told that it's not a government tax related to environmental protection.
They'll move forward with signs that Susan Collins is on board if it becomes a $200 tax credit and the income cutoff becomes $175,000
Adams should prove the usefulness of taking payments in bitcoin by not converting those payments to USD
Crypto skeptics would be owned so hard
Isn't it illegal for states to issue/use currency that's not the dollar?
So what will happen (if anything) is NYC will pay Adams in dollars, which he will promptly convert into bitcoin and make a big show of, and then promptly turn that back into dollars.
Cool.
Imagine if for the 2 seconds his paycheck was in bitcoin, it tanked so he lost money. I'd fuckin laugh.
Somebody hack Musky and just tweet out 'Bitcoin is trash'
I think they get around this because crypto is not federally recognized as currency or an alternative. Might change soon, but that would ruin why nerds even like crypto.
Not only do people call it an industry, they call it a community :joker-shopping:
all the monkey jpeg guys on twitter keep going on about "wow cumming monkey country club nft is such a warm and supportive community, love you all" like it isnt screamingly obvious that the whole point is that every single one of these dipshits is just there to try and prey on someone even more gullible than them
Community makes more sense than industry tbh, like more boxes are checked lmao
it kinda is an industry at this point. there's all sorts of shitty companies that compete with each other to get people to buy it through them. even bitcoin ATMs. it's pretty much a bubble that can keep going so long as enough people with more money than they know what to do with keep on investing.
Machine that translates made up currencies into slightly less made up currencies like dollars. Why you'd bother with crypto only to take it out as cash later... who knows?
I mean, Wall Street has definitely been investing heavily in it (or they were back when I still casually followed this trash in like 2018), so...it's a speculative investment, much like any other shitty stock lol
Except unlike them (where a stock can be mostly untethered to anything tangible), Crypto is completely untethered to any sort of tangible assets
It's also mostly unregulated and attracts dumb people who are easy to scam!
Oh sure. Care for a custom NFT I made, only half a bitcoin!
i think they let you login to certain web services that sell bitcoin with an existing account. they let you convert bitcoin into cash for withdrawal, as well as buy bitcoin with cash. most of the places i've seen them are gas station convenience stores but I think walmart is starting to add them too.
it's essentially a speculation machine. they might as well put slot machines in stores.
[post-apocalyptic wasteland]
why won't anyone trade me food for these bits on my hard drive?
Money is fake, but at least you can use physical dollars as kindling, or to wipe your ass with.
"Um, sir. we can't give you your paycheck in bitcoin. for, like, 7 different reasons. including federal law."
I cannot believe this is real.
https://twitter.com/ericadamsfornyc/status/1456311827550384129
Shame. After everything, NYC still ends up with Andrew Yang as mayor
Also, how tf is cryptocurrency an "industry"? I thought it was supposed to be a "currency"... :picard-annoyed:
Why only 3? If Bitcoin is so great you're willing to take paychecks in it, why wouldn't it be all your paychecks?
government officials buy bitcoin
government officials legislate a bitcoin stimulus
bitcoin value goes up because a ton of people just "bought into bitcoin" (paid by their own taxes involuntarily)
legislators sell bitcoin higher than they bought for
everyone realizes they were duped and the bitcoin is worthless, mass selloff and value signifigantly drops
Its a tax funded pump and dump.
I know all currency is fake, but don't most governments have more ways to give their currency value than crypto ever will?
i hope people are calling him a dumbass in the replies. and asking if he is going to use it to buy heroin off the dark web. lol.
