MiamiCoin has now generated over $10 million for the City of Miami, all built on top of bitcoin.
That’s $10 million dollars donated to the city government’s pocket to use on improving the city & quality of life of its citizens.
All from private citizens 👇🏼
When @FrancisSuarez was on the podcast last week he talked about the potential of this protocol eventually offsetting the entire tax budget for the City of Miami.
That seems crazy at first, but based on how quickly MiamiCoin is growing, that could be actually be a reality.
Only 3 weeks ago I tweeted about the City of Miami officially accepting MiamiCoin’s ongoing protocol donation.
At the time it had already generated $4.3 million for the city.
That’s nearly $6 million more raised in just the last three weeks … crazy.
Americans are getting robbed blind in their retirement accounts.
Don't believe me? Read on 👇
1/ In the last decade, target date funds have taken over retirement accounts. For people who get a 401(k) through their employer, this is often the only option.
According to Fidelity, 69% of millennials are 100% invested in target date funds in their retirement accounts.
2/ These are long-term funds whose asset allocation mix 'auto-magically' becomes more conservative as the target date approaches.
Not only do all these funds take fees for reallocating your assets, they barely beat the rate of inflation.
The Miami City Commission just voted in favor of accepting $4.3 million in protocol contributions generated by MiamiCoin, which is built on top of bitcoin.
Today marks a huge day for Miami, and a milestone for crypto.
MiamiCoin mining (the first of many @minecitycoins) generated this initial $4.3 million contribution in just over 1 month since launch.
Even better: This isn't just a one-time donation: Total contributions continue to grow as the MiamiCoin protocol continues to gain usage.
.@minecitycoins is leading the way out of the crypto casino, and straight into crypto civilization.
Importantly, MiamiCoin — and all future CityCoins — are built on Bitcoin via @stacks.