Actually, if you give that amount of money to families which are within the classification of low income,
to be technical it's not just low income, it's "low- and moderate-income families" i think alot of people assume that moderate income people dont struggle and that's simply not the case. Quote
it is very likely they will use that money immediately in order for them to cover needs, instead to keeping the money for the sake of cryptocurrency speculation.
well for example say you gave each family $1500 in cash each month and then an equivalent amount of bitcoin each month too. you are teaching them how to manage a cryptocurrency investment. Quote
It does not make much sense for them in that context to promote Bitcoin. Not even mentioning that within the state of New York Bitcoin mining is banned unless it uses completely renewable energy.
It would be a different situation if we were talking of a different state, like Texas, in my opinion.
texas also had a proposed guaranteed income program in one of its counties but it got caught up in some disagreements and went to court. such a shame because everyday they delay implementing that, people are suffering who could be receiving monthly cash payments. but hopefully it will get going soon. what they could do there in texas is fund those guaranteed income programs off the mining operators that they allow to locate there. It would be a different situation if we were talking of a different state, like Texas, in my opinion.
