During Bitmain’s digital mining conference on Thursday, Miami Mayor Francis Suarez concluded his speech by challenging the public to “get out there and elect the next president of the United States to be a professional bitcoin president.”
A strong advocate of embracing innovation, Mayor Suarez has used Bitcoin to change public perception of Miami to give it an aura of something like nascent Silicon Valley. During his speech, Suarez spoke of working for years to incorporate bitcoin into the Miami “way of life.”
“Many people have called Miami the Bitcoin capital of the world,” he began.
Francis Suarez, son of the first Cuban-born mayor of Miami, brings non-partisan pragmatism to the Bitcoin community. It is worth noting that Suarez made Miami the second government in the world and the first in North America to host Satoshi White papers on its government website. He has been working to put Bitcoin on the city’s balance sheet. Miami has seen massive job growth and innovation in the tech sector in the past year, in part because of his efforts.
Suarez’s goal is to make Miami the most innovative city in America. As his speech indicated, governments can sometimes help facilitate such innovation, but in the case of Bitcoin and disruptive technologies that are difficult or impossible to control, governments often try to stymie innovation.
“Governments will lose control of Bitcoin,” Suarez told the audience. “Control is not necessarily a bad thing for governments to lose,” he explained.
Suarez identified three challenges for conference attendees to ensure a pro-Bitcoin regulatory future. The first challenge was: “Learn ways to simplify what is going on and make it clear to an ordinary person.” The second challenge was: “Learn how to send messages.” And the third challenge was: “Go out there and elect the next president of the United States to be a professional bitcoin president.”
So far, Joe Biden has never talked about Bitcoin publicly. His management is largely indifferent, and seems to misunderstand exactly what bitcoin is. This becomes apparent when we examine how the Biden administration has failed to distinguish between Bitcoin and other centralized cryptocurrencies, betraying a general ignorance of any basic understanding of the currency.
The attitudes the Biden administration has taken toward “cryptocurrencies” and presumably bitcoin also suggest that the administration has misunderstood its use largely for tax evasion, a blatant mischaracterization years ago by those who claim to believe that bitcoin is also used in Money laundering and drug trafficking. Biden’s team suggested solving these imaginary problems with the American Families Plan.
It is not clear who Mayor Suarez believes should replace Joe Biden as the pro-Bitcoin president, although one can imagine Suarez himself or Senator Cynthia Loomis (Republic-Wisconsin) as potential candidates. No such plans were laid out at the Bitmain conference, but one can hope to revisit the topic at this year’s Bitcoin 2022 conference in Miami.
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