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Miami's Mayor Considers Putting Some of City's Treasury Reserves in Bitcoin | Regulation - Bitcoin News

Miami Mayor Francis Suarez is exploring putting a percentage of his city's treasury reserves in bitcoin. Miami is currently working on accepting the cryptocurrency as a means of payment for city services and taxes. The mayor believes that "Bitcoin has been a …

Miami Mayor Francis Suarez is exploring putting a percentage of his city’s treasury reserves in bitcoin. Miami is currently working on accepting the cryptocurrency as a means of payment for city services and taxes. The mayor believes that “Bitcoin has been a stable investment during an incredibly unstable year.” Francis Suarez, the mayor of the U.S. city of Miami, Florida, has been discussing with the crypto community about putting a small percentage of the city’s treasury reserves in bitcoin. The first Miami-born mayor, Suarez previously served as Miami Commissioner for District 4 for eight years. One soon-to-be Miami resident is Morgan Creek Digital partner Anthony Pompliano, who has been discussing what bitcoin can do for Miami and why Suarez should put 1% of the city’s treasury reserves in the cryptocurrency. Pompliano tweeted on Tuesday, “Retweet this if you would move to Miami if Mayor Francis Suarez put 1% of the city’s treasury reserves in bitcoin.” Suarez replied: Definitely open to exploring it. Twitter handle Danny the Hodler chimed in, claiming that “It’s not unprecedented.” He asserted that the pro-bitcoin Senator-elect from Wyoming, Cynthia Lummis, “has done that with Wyoming’s treasury way before anyone else even thought of the idea.” Suarez replied, “Will look into what they did.” Lummis is a bitcoin hodler who said “Bitcoin to me has shown great promise and may rise as a viable alternative store of value to the U.S. dollar both on the institutional level and the personal level.” She has promised to ensure that Congress understands that bitcoin is a great store of value. Suarez recently tweeted: Bitcoin has been a stable investment during an incredibly unstable year. The mayor of Miami has also been discussing “being able to use bitcoin and other cryptos to pay property taxes and city fees,” he revealed on Dec. 22. Replying to a tweet on Tuesday about Miami accepting BTC as a means of payment for the city’s services, he confirmed: We are definitely going to be working on that in 2021. Do you think Miami should put a percentage of its treasury reserves in bitcoin? Let us know in the comments section below. Tags in this story accept bitcoin, Bitcoin regulation, BTC, Francis Suarez, invest in bitcoin, miami bitcoin, miami city services, miami mayor, miami taxes, miami treasury reserves, pay taxes with bitcoin Image Credits: Shutterstock, Pixabay, Wiki Commons Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Spending Sats: A Look at This Year's Bitcoin Black Friday Deals - Bitcoin News

Due to the fact that bitcoin prices have been on a tear this year, the Bitcoin Black Friday holiday madness is in full swing.

Every year the shopping holiday called Black Friday allows consumers to get better deals on products and services. On November 24, the day also known as ‘Bitcoin Black Friday’ will provide crypto users access to deals when they purchase items with digital assets like bitcoin. Due to the fact that bitcoin prices have been on a tear this year, the Bitcoin Black Friday holiday madness is in full swing. Bitcoin Black Friday is back and there are all kinds of deals strewn across the worldwide web. During the crypto winter throughout 2018 and even in 2019, the anticipated shopping holiday for bitcoiners lost some of its charms. However, this year, thanks to the crypto economy’s colossal gains, Bitcoin Black Friday patrons will find many unique deals. The web portal bitcoinblackfriday.com. One specific web portal that typically attracts bitcoin spenders looking for deals is the popular website bitcoinblackfriday.com. The web portal is bigger than usual and showcases active deals, products related to bitcoin, hardware wallets, VPN services, art, food and beverages, and apparel as well. Deals include products from Trezor, Etoro, Ledger Wallet, Namecheap, Guns N’ Bitcoin, Blockchain Kicks, Blockfi, Start9 Labs, Bitsoaps, and Bitcoin Magazine physical copies. There’s apparel from Atoms, TFTC, Mycryptowatches, Krypto Threadz, Mt Socks, and Layer One. The bitcoinblackfriday.com web portal also hosts educational services like “Bitcoin 101,” “How to get and accept bitcoin,” and “Building the Bitcoin circular economy.” Bitcoinblackfriday.com is now connected with Bitcoin Magazine, but it was originally conceived by the bitcoiner Jon Holmquist in 2012. In addition to the web portal bitcoinblackfriday.com, the largest crypto payment processor worldwide, Bitpay has announced it is promoting the use of digital assets on Black Friday as well. “To support crypto users, Bitpay has been working with its merchant partners to extend special offers for crypto purchases on Black Friday, November 27, 2020,” the company explained in a recent announcement. “The full list, as well as a curated list of additional places to spend crypto this holiday season, can be found by visiting the Bitpay merchant directory.” Consumers can find Bitcoin Black Friday deals via Bitpay’s merchant directory. With the Bitpay merchant directory, consumers looking for Black Friday deals can spend their crypto at Ace Jewelers, Blocklete Games, Hostkey, Inverdiamond, Murf Electric Bikes, and Atheist Shoes. “This is a win-win for crypto users and Bitpay merchants,” Bitpay cofounder and CEO, Stephen Pair detailed. “With the price of bitcoin near an all-time high, crypto enthusiasts are looking for a way to cash-in and spend their earnings on holiday gifts and Bitpay merchants want to attract new buyers this holiday buying season. We anticipate these special deals will showcase to merchants and consumers that crypto is one of the fastest and easiest ways to shop,” the Bitpay cofounder added. Users can also hunt for deals on the website cryptoblackfriday.org, which showcases merchants who accept a variety of crypto assets like LTC, BCH, and ETH. Lastly, another web portal crypto advocates can leverage to hone in on Black Friday deals is the web portal cryptoblackfriday.org. “Crypto Black Friday is a directory with online shops where you can pay in bitcoin and other cryptocurrencies,” the website notes. “Bitcoin (also via Lightning Network), litecoin, ethereum, dash, bitcoin cash, ripple, binance coin [are] accepted here. This platform was created to celebrate Crypto Black Friday, a one-day event that brings together bitcoin merchants and bitcoin users. The bitcoin user base is growing and the bitcoin payment experience is getting better, the number of crypto merchants is increasing year by year.” At the time of publication, cryptoblackfriday.org showcases a number of bitcoin and crypto asset-related shops from firms like Ellipal, Bitrefill, Namecheap, Cheapair, Bitgear Australia, and Shopify. There’s also four different sections to choose from which highlight products and services like electronics, clothing, travel, and gift cards. For instance, in the clothing section crypto spenders could get discounts on items stemming from Airbrushcustoms, Jojovo, the Dallas Mavericks, and Elliemei. In electronics, there are deals from companies like Dish Network, Overclockers UK, Avnet, Openbazaar, and Newegg. The amount of deals for this year’s Bitcoin Black Friday is quite larger than years prior and merchants are likely pleased to accept the digital asset with market prices so high. Of course as usual a great majority of the merch being sold on Bitcoin Black Friday is crypto-related but there are an awful lot of other deals people can find on traditional items as well. Because many crypto enthusiasts and bitcoiners have seen their assets increase in value by many multipliers this year, it’s likely they might want to spend some of those gains on trinkets. What do you think about this year’s Bitcoin Black Friday? Let us know what you think about this subject in the comments section below. Tags in this story abra cryptocurrency, Avnet, Bitcoin Black Friday, bitcoinblackfriday.com, Bitgear Australia, BitPay, Bitpay merchant directory, Bitrefill, Black Friday Deals, Cheapair, cryptoblackfriday.org, Cryptocurrency, Discounts, Dish Network, ellipal, ETH, LTC, Namecheap, Newegg, OpenBazaar, Overclockers UK, Shopify, Spending Sats, Stephen Pair Image Credits: Shutterstock, Pixabay, Wiki Commons, cryptoblackfriday.org, bitcoinblackfriday.com, Bitpay, Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Satoshi Nakamoto's Bitcoin White Paper: A 12-Year Old Summary of Robust Unstructured Simplicity - Bitcoin News

Cryptocurrency supporters all around the world are celebrating the fact that today is the 12th anniversary of the Bitcoin white paper.

Cryptocurrency supporters all around the world are celebrating the fact that today is the 12th anniversary of the Bitcoin white paper, a summary of the invention created by the pseudonymous inventor Satoshi Nakamoto. Bitcoin’s inventor published the paper on metzdowd.com’s Cryptography Mailing list and ever since then, the financial world hasn’t been the same. 12 years ago, Satoshi Nakamoto decided to let the world in on Bitcoin, the peer-to-peer electronic cash system that took the world by storm. The very first time Nakamoto published the paper was at 2:10 p.m. Eastern Standard, on metzdowd.com. There’s a lot we don’t know about Bitcoin’s inventor and to this day the anonymous creator’s identity is still unknown. However, we do know that Nakamoto was a legendary genius and could have been a single person or even a group of people. Bitcoin’s inventor specifically chose to publish the “Bitcoin P2P e-cash paper” paper on metzdowd.com mainly because of the Cryptography Mailing list, a pipermail message service that was operated by a group of visionaries and cypherpunks. The cypherpunks had been trying to create reliable digital money since the 1990s and several experiments like Wei Dai’s b money circulated on the message service. We also know that Satoshi wrote the codebase for Bitcoin before the famous white paper was published. Then on October 31, 2008, on the eve of Halloween, Satoshi wrote: I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party. The system Nakamoto created, has given birth to a massive counter-economy worth close to $400 billion, just in the market capitalization of all 7,000+ cryptocurrencies alone. Since the paper was first introduced, it has been cited 12,425 times to-date and mentioned in tens of thousands of articles during the last 12 years. Minus the paper’s citations, the Bitcoin white paper is 3,457 words in length and is composed of 16,686 characters excluding the arithmetic. Excerpt from Satoshi’s Bitcoin white paper published on Oct. 31, 2008. At the end of the paper, Nakamoto uses the term “we,” and stresses that the paper is a proposal that describes a system of electronic transactions “without relying on trust.” Nakamoto added: We started with the usual framework of coins made from digital signatures, which provides strong control of ownership, but is incomplete without a way to prevent double-spending. To solve this, we proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control a majority of CPU power. Excerpt from Satoshi’s Bitcoin white paper published on Oct. 31, 2008. Nakamoto then called the network “robust in its unstructured simplicity.” Of course, at that time when Satoshi published the white paper, nobody knew that the anonymous author literally developed the first working solution to the Byzantine Generals’ Problem. Bitcoin’s creator knew that the infamous Byzantine Generals’ Problem, something that plagued computer scientists for decades, was officially solved and Nakamoto detailed this fact in some of the earliest messages to the community. Of all the mysterious clues about Satoshi’s identity, the paper is one of the most succinct economic papers ever written. The white paper is so well crafted that many people think that it may have been written by another person, other than the online persona people communicated with until Dec. 2010. Speculation aside, the paper gives a clear definition of the network and is considered a must-read for every cryptocurrency newb joining the counter-economy. For some reason, on Halloween eve, Nakamoto felt the urge to tell the world there is a need for an electronic payment system “based on cryptographic proof instead of trust.” This in turn would allow “any two willing parties to transact directly with each other without the need for a trusted third party.” With the central banks creating money out of thin air, the need has never been more clear. What do you think about Satoshi Nakamoto publishing the Bitcoin white paper 12 years ago today? Let us know what you think about this subject in the comments section below. Tags in this story Bitcoin, Bitcoin White Paper, BTC, Byzantine Generals' Problem, cryptographic proof, Cypherpunks, free markets, Halloween, liberty, metzdowd.com, Oct. 31, Peer-to-peer, Satoshi Nakamoto, triple-entry accounting, White Paper Image Credits: Shutterstock, Pixabay, Wiki Commons, The Bitcoin white paper, Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.