CryptoTown
ByThePoolVille
From the inimitable Lotusland watcher Mike Howell, now writing for Business In Vancouver:
And when the bloom comes off the pyramidal-shaped the bitcoinrose, errrrr, tulip?
Well...
From the inimitable Lotusland watcher Mike Howell, now writing for Business In Vancouver:
Mayor Ken Sim continues to make his rounds as an advocate for bitcoin and is scheduled to be a featured speaker at a two-day conference this weekend at the Vancouver Convention Centre...
{snip}
...The mayor’s participation in such conferences and being a guest on various podcasts stems from a motion he successfully presented to city council in December 2024.
His motion directed staff to explore options to make Vancouver a bitcoin-friendly city by undertaking a comprehensive analysis of the potential to integrate bitcoin into the City of Vancouver's financial strategies.
That would include, but not be limited to, accepting taxes and fees in bitcoin.
The mayor has also called for the potential conversion of a portion of the city’s financial reserves into bitcoin “to preserve purchasing power and guard against the volatility, debasement and inflationary pressures of traditional currencies.”...
And when the bloom comes off the pyramidal-shaped the bitcoin
Well...
If we lose our civic shirts in the collapse, at least we may still be able to heat a local body of water:
...This weekend’s conference also features a segment titled, “heating Kitsilano pool with bitcoin mining.”Sim has shown interest in the topic, with him recently posing in a photograph posted via the X social media platform with staff at Mintgreen, a Canadian cleantech company specializing in heat recovery from bitcoin mining...
Sheesh.
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15 comments:
^^^Cryptocurrency^^^ GD autocorrect!
If it were 1 April or a blogger I didn't know I'd think this was a joke, but alas, I know its serious. Had such hopes for Sims when he was elected. Do wonder what was dropped into his coffee. I recall the City stopped accepting some forms of money because it was not exactly, well on book. Now they want to use bitcoin? Yikes would some one rush the young mayor to the E.R. and then have some one explain why this could be a huge disaster for the City.
Bitcoin is still not here to stay I am sure. if we moved to bitcoin, I'd be moving to gold or rare postage stamps. There would be too much chance of the system being used to laundry money. Basing our economy on bitcoin mining, ya right. Wonder if Ottawa will bail us out if it and when it would collaspses. Don't know who might be whispering in the Mayor's ear but if we find out, perhaps we can do a little digging. this could become another B.C. Rail
Odd, I seem to recall making a joke about this very thing a few months back, right here! (heating Kits pool with waste bitcoin mining heat) Ken, are you there?
Understandable; he runs Vancouver like a Monopoly game.
TB
Anyone who promotes Bitcoin is selling snake oil as Bitcoin is the Ponzi scheme of pyramid sales.
Old Amway salesmen never die .
TB
can i pay for a fifa ticket in btc?
It seems Mr.sims and others I’m sure, are trying to hide the fact that bitcoin mining uses a hell of a lot of hydro to produce.So naturally they are trying to get ahead of it by bullshitting the “excess”. Power can be used for pools.So to get this right ………… allow crypto mining which will increase ALL of our hydro bills, but now we can heat a pool, that was to expensive to heat with the rates as the are, using so called excess power from a scam laden monetary equivalent to swamp land.
DS--
There you go with all your logical consequences again...
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Sim says we just haven’t worked hard enough to actually understand crypto. This from a clip on this morning’s 9am ‘NW news:
“The feedback has been mixed, and um, I say this respectfully - for individuals who have not done the research and if you haven’t done the work, it’s new and it’s scary and there’s been some apprehension, but for people who actually understand it and have done the work, they’re all in.”
This type of dismissive arrogance has brought down many a politician.
I understand enough to know crypto currency is more than a scam than anything else, a sort of wooden nickle currency.
Just wrapped up a tour at Seaspan.
John Horgan had a plan to keep our people building ships right here in BC.
David Eby scrapped it.
Def Site--
Tell us more/point us in the right direction...Are you talking about the latest ferry deal?
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Def Site... Do Tell!
Thanks Lew, for listening to that no long giant and no longer even '98 sycophantic swill so that we don't have to.
Shorter Mr. Sim: '...for people who actually understand it and have done the work...'
Hmmmm...
I do not think that phrase means what he thinks it means.
And, as for that...'the Harvard Foundation just invested in it' business...If Mr. Sim thinks those very fine folks won't short that investment in a Beantown adjacent minute at the first sign of blockchained tulip bulbs vaporizing, well....
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