Throughout Thursday’s Bitmain’s Digital Mining Convention Miami Mayor Francis Suarez concluded his speech by challenging the audience to “Go out there and select the next President of the US to be a professional Bitcoin president.”
A powerful advocate of adopting innovation, Mayor Suarez has used Bitcoin to alter the public perception of Miami to provide it the aura of something like a nascent Silicon Valley. Throughout his speech, Suarez talked about working for years to integrate Bitcoin into the Miami “way of life.”
“The town of Miami has been dubbed by many because the Bitcoin capital of the world,” he began.
Francis Suarez, son of the first Cuban-born mayor of Miami, brings a non-partisan pragmatism to the Bitcoin community. Notably, Suarez made Miami the second government on the earth, and the first in North America to host Satoshi’s White Paper on its authority’s website. He has been working towards placing Bitcoin on the city’s balance sheet. Miami has seen huge job progress and innovation within the tech sector within the last year, partly as a result of his efforts.
Suarez’s aim is to make Miami essentially the most revolutionary city in America. As his speech identified, governments can at times help facilitate such innovation, but within the case of Bitcoin and disruptive technologies which are hard or impossible to manage, governments too typically attempt to impede innovation.
“Governments are going to lose management of Bitcoin,” Suarez advised the audience. “Management isn’t essentially a bad thing for governments to lose,” he defined.
Suarez outlined three challenges for the attendees of the convention to make sure a pro-Bitcoin regulatory future. The first problem was: “Study methods to simplify what’s going on and clarify it to a lay individual.” The second problem was: “Learn how to message.” And the third problem was: “Go out there and elect the next President of the US to be a professional Bitcoin president.”
Up to now, Joe Biden has never spoken about Bitcoin explicitly in public. His administration is largely indifferent to and seems to fully misunderstand what Bitcoin is. This becomes obvious when we examine how the Biden administration has didn’t differentiate Bitcoin from different cryptocurrencies which might be centralized, which betrays a normal ignorance of any elementary understanding of the currency.
What stances the Biden administration has taken on “crypto” and presumably Bitcoin as nicely appear to point that the administration misunderstands it for use largely for tax evasion, which is a years-old blatant mischaracterization perpetuated by those that declare to imagine Bitcoin can be used for cash laundering and drug trafficking. Biden’s team has proposed to unravel these illusory issues by way of the American Families Plan.
It’s unclear who Mayor Suarez believes ought to change Joe Biden as a professional Bitcoin president, though one could think about Suarez himself or Senator Cynthia Lummis (R-WY) as doubtless candidates. No such plans had been laid out on the Bitmain conference, but one can hope the subject will be revisited at this year’s Bitcoin 2022 Conference in Miami.