“This is the Empire State,” Adams said at a press briefing at Gracie Mansion on Monday. “We should be looking forward to building empires, particularly in the crypto space.”
Adams, who is running for reelection, reiterated his commitment to making New York City a crypto hub, telling reporters that he would work with tech and crypto companies, both big and small, to create a friendly environment to attract them and help them succeed.
“My goal remains the same as it was on day one as mayor: making New York City the crypto capital of the globe,” Adams said. His remarks echo similar pledges from President Donald Trump, who has repeatedly said he wants to make the U.S. the “crypto capital of the planet.”
Please fucking don’t.
I sincerely hope the voters throw this guy out on his ass and then follow up with new indictments to replace the charges he had dismissed. Guy is pure corrupt scum.
Read: “I’m open to being bribed.”
Crypto is a solution looking for a problem.
The people behind crypto never studied the history of the gold standard.
Crypto is a ponzi scheme virtual asset, not a currency.
I find it absolutley bizarre that crypto is viewed this way on Lemmy. Because if anyone wants to know the problem crypto is trying to solve, you can read the original anonymous white paper written for Bitcoin where it was clearly stated its creation was for an alternative to fiat currency.
So if you hate the way capitalism has fucked the world by making everything’s value tied to the US Dollar, Crypto is the solution to that.
No need for: banks, the fed, or any government or private institution to regulate currency and manipulate its flow towards corruption if all those institutions are decentralized and accounted for digitally.
That’s what Crypto does.
You have a wallet instead of a bank account (modern ones even have savings and loan features). You have a block chain regulating the currency through diminishing returns instead of the Fed. And you have an uncorruptable fully transparent leger with where transactions are going instead of random bank fees going towards bloated executive salaries.
Is some Crypto a scam? Sure. But there’s scams in literally every new technology where there’s a gap between ignorance and experience.
So don’t let yourself become ignorant about crypto simply because the counter propaganda is strong and made you scared to try using it yourself. I’m not talking about daytrading, or making a quick buck. I’m talking about using it as intended to buy goods and services.
Because not only is it easier to use than money, it’s more lucrative and rewarding, and the sooner you start using it, the more likely the value of your assets will increase. It doesn’t take long using crypto before you’ll see the problems with existing paper currency and the bullshit system it’s designed to perpetuate.
By that I mean - for example:
Take whatevers in your bank account, and look at what was in it 10 years ago. Let’s say $10. Chances are you still have about $10 in your account now, so for arguments sake, let’s say theres been $10 sitting in your account doing nothing for 10 years.
In US currency, due to inflation, the $10 in your account after 10 years is now worth $7.
If you had a Bitcoin wallet, that $10 would now be worth $1000.
If you want to know why the 1% have so much power, it’s because they control the fiat capital in a capitalist system.
Crypto is an alternative to that fiat, and one that endangers the existing system. If people used it more than $Dollars, capitalists literally would no longer have power as the system they use to maintain their control (banks, corrupts government, money laundering) is no longer being used.
Crypto provides a solution to the corruptable fiat in a capitalist system through removing the existing mechanisms of corruption that have been created and replacing them with a decentralized fully transparent digital alternative.
The people who created Bitcoin did so to fight the same people and systems everyone here seems to hate.
So I find it fascinating that the firehose of propaganda about crypto is still readily seen here.
Is Crypto bad? Sure. Nothings perfect. But at this very moment - it’s a much better store of value than the dollar, especially in uncertain times, yet people are convinced it’s a scam.
When unquestionably the best thing for people to do right now is to get away from the tanking dollar. Inflation is guaranteed simply because Trumps policies have dramatically reduced the amount of Treasury Bills the world is now buying from the US. Those TBills are the US debt, and as a deficit spending country, the US economy only works if that debt is purchased.
It ain’t being purchased.
So if you want to know why there’s a firehose of propaganda about crypto right now - it’s because those with $Dollars want you to also have Dollars, so when they diversify into scam coins, they profit and you’re left holding their losses.
Crypto is unquestionably the best currently available solution to fixing the damage capitalism has caused, and those already using it know and feel this. They just have an impossible time convincing anyone else otherwise.
It’s a solution to a few problems, just not positively.
It solves how to buy drugs online very easily.
It also solves many complications with bribery, money laundering and tax evasion.
No, fuck off with your scams.
Look, more corruption.
I really can’t stand this guy. What a slag.
I think it’s about time NYC survived on their own water. Have fun.
-Upstate NY
Please don’t punish us for the crimes of our corrupt pissant officials. I don’t want to drink from the East river
"Running for re election. "
NY you’ve gotten to know this grifter, if you choose him again may you fall as hard as your towers. For this stupidity though, there will be no sympathy.
Let’s be frank about it, the second he dropped the (D) after his name, he officially became a lame duck. Even if people were willing to overlook the corruption and the corruption to get out of the trial for his corruption, no non-Democrat is going to get elected Mayor of NYC in the near future.
The crypto industry produces so little jobs. Just conceptually server farms that run single applications or pretty much marketing firms that make advertising coin dumps. Companies that employ single digit people locally
Scams are never job-producing schemes. The scammers want to extract the maximum amount of cash from the rubes with the minimum of overheads.
Hey there decentralized digital currency systems, you wanna… centralize?
They never sell. What income does he expect to see. They may use electricity. But they will move t9nthe caimans before selling… so no significant tax revenue
He’s honestly probably just hoping to get insider info on a rug pull meme coin. Doesn’t make sense from any other angle.
You can call people you don’t need rhwm to move in to get insider.
Why would they tell him anything unless he’s done something for them?
Why is it so hard to get rid of that knobhead?
Elections are coming up, Adams is extremely unpopular in the city and I expect him to get voted out. Unfortunately, We have Andrew Cuomo trying to regain some of the power he once had, but I don’t think his chances are great outside of name recognition.
Personally, I’m not registered in NYC but everyone I know there is putting their support behind Zohran Mamdani.
Take crypto and dump it in the trash where it belongs.
He’s still not in jail? I thought they caught him taking Azeri or Israeli or Russian bribes or all of the listed.
Nope, and it’s actually pretty clever what happened. The judge in the case basically let him go (which is what Trump wanted) but in such a way that the DoJ can’t ever relitigate it (something Trump didn’t want).
Justice was denied, imo, but under the circumstances, the judge managed to thread the needle and keep Trump from being able to blackmail him into doing his bidding.
Well, taking bribes seems to not only be tolerated but encouraged by the current administration. Can’t break the law if you are the law!
