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Miami Is Giving Away Free Bitcoin To Its Citizens As Part Of Its City Coin Profits

Miami Is Giving Away Free Bitcoin To Its Citizens As Part Of Its City Coin Profits



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9 Comments

  1. tldr; Miami will become the first city in the US to give free Bitcoin to its citizens as a dividend yield. To be eligible for the same, one needs to have a digital wallet and that’s it. Even if you don’t own any Miami coin you will still get the free Bitcoin. The city is going to create a wallet for the citizens and use the excessive yields to gift free BTC.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. > Miami will officially become the first city in the US to give free Bitcoins to users as a dividend yield.

    So how does it work?, you need to buy a shitcoin, stake it, and get paid in Bitcoin?

    Might as well just buy Bitcoin.

  3. The limited research I have done on city coins, it seems like they rely on new donations to fund the accounts. 70% the city keeps, 30% gets distributed to the citizens. And the people that donate get like a governance token. Voting with money on steroids.

  4. Gotta be a red city, surely, blue cities give you an app to track human shit whilst ‘taxing the rich’ and surrendering to social justice warriors like the Chaz/ Chop fiasco.

    Blues hate the idea of freedom, they are the authoritarian party, framed as ‘looking out for your interests’.

    Let’s start getting more mayors like the Miami example into power and make America awesome again!

    Let’s go Brandon! 🚀🚀🥃

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