Stories
Slash Boxes
Comments

SoylentNews is people

New York City Mayor-Elect Says He'll Take His First Three Paychecks in Bitcoin

posted by martyb on Friday November 05 2021, @05:20AM   Printer-friendly
from the gonna-need-more-power-plants dept.

upstart writes:

New York City mayor-elect says he'll take his first three paychecks in Bitcoin:

Spurred by a tweet from the mayor of Miami, New York City Mayor-elect Eric Adams told followers Thursday that he plans to take his first three mayoral paychecks in Bitcoin.

"NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries," Adams tweeted. "Just wait!

It's a high-profile embrace of digital currency at a time when regulators in the US, including in New York City, are heightening scrutiny of cryptocurrency exchanges. Last month, New York state Attorney General Letitia James asked two lending platforms to cease activities after winning a court order forcing the closure of the cryptocurrency exchange Coinseed.

NYC Mayor-elect vows to take first salary payments in Bitcoin:

“NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries,” he said on Twitter on Thursday.

In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!

— Eric Adams (@ericadamsfornyc) November 4, 2021

Adams, a Democrat, has said he wanted to turn New York into a crypto-friendly city and that he wants to explore a NYC Coin similar to Miami’s. In an interview on Bloomberg Radio after being elected mayor on Nov. 2, he wagered a “friendly competition” with the mayor of Miami, who was the first to set up a so-called CityCoin cryptocurrency.

Original Submission

 
This discussion has been archived. No new comments can be posted.
New York City Mayor-Elect Says He'll Take His First Three Paychecks in Bitcoin | Log In/Create an Account | Top | 59 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 4, Informative) by FatPhil on Friday November 05 2021, @09:09AM (1 child)

    by FatPhil (863) <{pc-soylent} {at} {asdf.fi}> on Friday November 05 2021, @09:09AM (#1193634) Homepage
    Tilling a field by hand/ox used to be industry, though not one machine or factory was involved. Words change meanings over time.
    The origin of the word implies hard work (top tip - industrious ants don't use machines either), and what could be more hard work than PoW crypto mining?
    --
    Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
    Starting Score:    1  point
    Moderation   +2  
       Interesting=1, Informative=1, Total=2
    Extra 'Informative' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   4  

  • (Score: 0) by Anonymous Coward on Friday November 05 2021, @10:42AM

    by Anonymous Coward on Friday November 05 2021, @10:42AM (#1193652)
    What do you think a stick for hoeing is? It's a simple machine, specifically a class 3 or class 1 depending on how it's held.