Bitcoin payday? Crypto to revolutionize job wages… or not
Speaking at a Chamber of Digital Commerce panel discussion in late February, City of Miami Mayor Francis Suarez noted that his citys employees, like others, are worried about the potential devaluation of the dollar, so he proposed to the Miami City Commission a resolution to allow our employees to take a percentage of their salaries in Bitcoin if they so desired.After all, notes Suarez, The highest-paid player in the National Football League Carolina Panthers offensive tackle Russell Okung wont be earning the most because hes the best player in the NFL but because he asked for 50% of his....
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Thomas Jefferson once wrote: “I believe that banking institutions are more dangerous to our liberties than standing armies.” Banking, overall, has been severely toned down from the days of yore. In particular, the focus of regulation has been against the unethical practice of usury. When it comes to the regulation of usury in the United States, it is the states that have the primary powers. They can create legislation on how much interest can be charged legally among other things. However, a queer situation exists when it comes to payday loans or payday advances where the federal....
ICOs? He held the first one. Stablecoins? He dreamed of them by accident. Vitalik Buterin tried to get him on board to help launch Ethereum, but he was too busy. He is J. R. Willett, one of the most fascinating men in the industry.Back in 2012, Willett, now 41, felt he could improve Bitcoin by making it possible for anyone to create interoperable tokens backed by the protocol. He released a white paper that described the new model and invented a way to fund the project with a token sale. He procrastinated for the next 18 months, hoping someone else would take the bait. Eventually, he gave....
You’re in your cubicle. The local radio station distracts you with 4/4 beats, and a DJ whispering sweet nothings through the airwaves. In other cubicles, co-workers bide their time, waiting for the time when they can clock out and meander to the local lowbrow lounge and drink away the pent up energy accumulated from a long day sitting on their asses. Beyond that, they’re looking forward to payday. When you’re at work, you’re not that stoked. You answer emails in between a sojourn through the land of Facebook or Reddit (maybe your cat photos are going to make it to the front page). You’re....
Its been a heady few weeks for commerce and art.Surely a revolution is afoot and were too mired in the hot mess to see it right.With that proviso, here are two notes from the front lines. NFTs are cutting-edge, digital art aintSome folks say the non-fungible token (NFT) that allows a digital artwork to be possessed exclusively by a purchaser is traceable to the creation of Colored Coinsin 2012 or to CryptoPunks in 2017 even though the this market exploded just the other day.A page from Jules Antoine LissajoussA Study of the Optical Representation of Sound Vibrations, 1957 But digital art....
A shortage of new notes in India following sudden currency reforms means workers’ first payday comes amid a banking meltdown. PAYDAY WOES, RUPEE LOWS. On the evening of November 8, 2016, Indian Prime Minister Narendra Modi made the shock announcement that all 500 and 1000 rupee notes would immediately cease to be legal tender. For the majority of the Indian workforce, today is their first payday since that announcement. With a shortage of the new 2000 rupee notes, banks are facing a new crisis. Back in October, we published a piece on the potential for India to cause strong upward pressure....