{"id":17078,"date":"2022-05-17T19:43:37","date_gmt":"2022-05-17T19:43:37","guid":{"rendered":"http:\/\/egrowonline.com\/?p=17078"},"modified":"2022-05-17T19:43:37","modified_gmt":"2022-05-17T19:43:37","slug":"more-roadkill-along-the-blockchain-highway-miami-mayors-miamicoin-a-disaster","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=17078","title":{"rendered":"More roadkill along the blockchain highway: Miami Mayor&#8217;s &#8216;MiamiCoin&#8217; a disaster"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<p>The Mayor of the City of Miami stormed forward with moving his city&#8217;s finances into the scam-ridden blockchain. Since the Mayor&#8217;s endorsement, this &#8216;CityCoin&#8217; has lost 95% of its value.<\/p>\n<p>Bienvenidos a Miami!<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/qz.com\/2165639\/miamis-mayor-backed-miamicoin-then-its-price-dropped-95-percent\/\" rel=\"noopener\">Quartz<\/a>:<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>But only Miami&#8217;s mayor has thrown his full endorsement behind a CityCoin-branded cryptocurrency so far. After promoting MiamiCoin to residents and investors since its launch in August, the city of Miami received millions of dollars through its agreement with CityCoins.<\/p>\n<p>Over the last nine months, however, MiamiCoin has lost nearly all of its value, falling about 95% from its September peak to just $0.0032 as of May 13. Its rapid descent has burned investors on the way down, muting the dreams of Miami&#8217;s city leaders, and possibly raising red flags for regulators now investigating cryptocurrency transactions.<\/p>\n<\/blockquote>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-4-3 wp-has-aspect-ratio\">\n<p>\n<span class=\"embed-youtube\" style=\"text-align:center\"><\/p>\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Will Smith - Miami\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/IwBS6QGsH_4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><\/span>\n<\/p>\n<\/figure><\/div>\n<p>!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=&#8217;2.0&#8242;;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,&#8217;script&#8217;,&#8217;https:\/\/connect.facebook.net\/en_US\/fbevents.js&#8217;);fbq(&#8216;init&#8217;, &#8216;1174428159312267&#8217;);fbq(&#8216;track&#8217;, &#8216;PageView&#8217;);!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=&#8217;2.0&#8242;;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,&#8217;script&#8217;,&#8217;https:\/\/connect.facebook.net\/en_US\/fbevents.js&#8217;);fbq(&#8216;init&#8217;, &#8216;1174428159312267&#8217;);fbq(&#8216;track&#8217;, &#8216;PageView&#8217;);<br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/boingboing.net\/2022\/05\/17\/more-roadkill-along-the-blockchain-highway-miami-mayors-miamicoin-a-disaster.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Mayor of the City of Miami stormed forward with moving his city&#8217;s finances into the scam-ridden blockchain. Since the Mayor&#8217;s endorsement, this &#8216;CityCoin&#8217; has lost 95% of its value. Bienvenidos a Miami! Quartz: But only Miami&#8217;s mayor has thrown his full endorsement behind a CityCoin-branded cryptocurrency so far. After promoting MiamiCoin to residents and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[73,8210,8209,595,1408,3889,8208],"class_list":["post-17078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-blockchain","tag-disaster","tag-highway","tag-mayors","tag-miami","tag-miamicoin","tag-roadkill"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/shutterstock_43825531.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17078"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17078\/revisions"}],"predecessor-version":[{"id":17080,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/17078\/revisions\/17080"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/17079"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17078"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}