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(Austin News KXAN)   Austin, Miami, NYC all want a seat at the top of the pyramid scheme   (kxan.com) divider line
    More: Asinine, New York City, Crypto cities, Chicago, Austin Mayor Steve Adler, AUSTIN, city's tokens, English-language films, own cryptocurrencies  
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967 clicks; posted to Business » on 08 Dec 2021 at 2:35 AM (23 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



7 Comments     (+0 »)
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2021-12-08 3:50:52 AM  
Only the US dollar should be used by US cities.  Have Biden nuke these insurrectionist strong holds and show the nation the true and overwhelming power of the dollar.
 
2021-12-08 8:23:58 AM  
I'm ok with not spending fake money I don't have in places I no longer have interest in visiting.
 
2021-12-08 10:00:10 AM  
Seat at the top of the climate change contributors.
 
2021-12-08 10:21:36 AM  
Now, in keeping with local identities, Austin's coin will spend most of it's time stuck in transit...
 
2021-12-08 3:58:39 PM  

AmbassadorBooze: Only the US dollar should be used by US cities.  Have Biden nuke these insurrectionist strong holds and show the nation the true and overwhelming power of the dollar.


Austin is a blue city in purple TX.
The problem is two fold.  First, miners have to pay ordinary federal income tax on mined crypto, and it costs at least 120% electricity costs never mind fees or equipment costs on top of that, you lose some 50% on investment up front.
Two is that the cost to maintain crypto increases every year, it's not sustainable since electricity needs to become a lot more expensive to mitigate climate change.
Once carbon taxes and shrinking limits are introduced crypto is largely doomed.
 
2021-12-08 4:34:16 PM  

Northern: AmbassadorBooze: Only the US dollar should be used by US cities.  Have Biden nuke these insurrectionist strong holds and show the nation the true and overwhelming power of the dollar.

Austin is a blue city in purple TX.
The problem is two fold.  First, miners have to pay ordinary federal income tax on mined crypto, and it costs at least 120% electricity costs never mind fees or equipment costs on top of that, you lose some 50% on investment up front.
Two is that the cost to maintain crypto increases every year, it's not sustainable since electricity needs to become a lot more expensive to mitigate climate change.
Once carbon taxes and shrinking limits are introduced crypto is largely doomed.


Any city or person who has cypto is a GQP KKK nazi insurrectionist.  Even austinites.  If they are cypto nazis, they are nazis.

The US Dollar is the only thing that ever has had or ever will have value.
 
2021-12-09 1:06:09 PM  
San Antonio is much nicer than Austin.
 
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