#732 Bringing Bitcoin To Every U.S. City w/ Mayor Suarez & Jack Mallers
11/28/2021 · 26 min · transcript via mlx
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Key topics
— Jack Mallers unveiled Strike's "Pay Me in Bitcoin" feature, allowing workers to allocate any percentage of their paycheck to Bitcoin via direct deposit, functioning as a built-in dollar-cost averaging tool.
— Mayor Francis Suarez committed to taking all future paychecks in Bitcoin, following through on his earlier pledge and competing with other mayors (NYC, Tampa, Jacksonville) who are adopting similar Bitcoin salary options.
— Both speakers emphasized that inflation in housing (24.5% annually) outpaces wage growth, making Bitcoin savings essential for ordinary workers who cannot keep pace with fiat currency depreciation.
— The regulatory landscape poses challenges; younger political leaders like Suarez must evangelize Bitcoin to older power brokers who grew up under gold-backed and fiat systems and are slower to adopt.
— Bitcoin's decentralized, borderless nature makes it particularly valuable for developing nations (Venezuela, El Salvador, Panama) facing extreme inflation rates of 50%+ annually.
— Twitter's Lightning-based tipping system represents early consolidation of Bitcoin and the Lightning Network as a global monetary settlement layer comparable to the internet's role in communication.
Market & price signals
— Bitcoin was approximately $40,000 when Miami first adopted its salary initiative; Suarez noted it has since appreciated 50%, though year-over-year gains matter more than volatility metrics.
— Housing inflation at 24.5% annually compounds to double prices every three to five years; Bitcoin's historical appreciation of over 100% year-over-year creates inverse "perpetual Black Friday" pricing on hard assets when priced in BTC.
— Jack Mallers cited an all-time high in payday direct deposit conversion metrics on Strike's platform, hitting new highs daily as more workers opt for Bitcoin salaries.
Actionable insights
— If you are salaried or paid regularly, use Strike's direct deposit feature to convert even a small percentage of your paycheck to Bitcoin; this automates dollar-cost averaging without requiring you to time the market or execute separate trades.
— If inflation erodes your purchasing power faster than your raises, holding savings in Bitcoin rather than dollars mathematically reverses that dynamic—your dream home becomes cheaper in Bitcoin terms while remaining more expensive in dollar terms.
— Younger professionals in public service and business should consider advocating for Bitcoin-friendly policies in their organizations; Suarez's example shows that leading by example and building political will around sound money is possible even in traditional institutions.
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