Rio de Janeiro is the Newest Bitcoin City

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 15 January 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo, Abra and FTX US. This was, NLW argues, a very good week for crypto. He covers: The mayor of Rio announcing big bitcoin/crypto support this week Strike launching in Argentina Northwest Arkansas offering tech workers $10,000 in BTC and a bike to move to the region A congressman introducing legislation to ban the Fed from issuing a CBDC Jack Dorsey’s Block building bitcoin mining hardware Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Christian Adams/The Image Bank/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:14.9	The breakdown is sponsored by nexo.io, Abra, and FtX, and produced and distributed by CoinDesk.
0:22.7	What's going on, guys? It is Friday, January 14th, and it has been a very good few days for Bitcoin.
0:30.2	No, I'm not talking in terms of the price, although that's why you should care less about the price if you have the emotional capacity to do so.
0:36.9	I am talking in terms of adoption
0:39.3	and adoption and validation by some unexpected sources. First, though, if you are enjoying
0:46.8	the breakdown, please go subscribe to the show wherever you listen to podcasts. If they have a
0:52.0	rating system, I would love five stars. Give it a review,
0:55.1	or if you want to get deeper into the conversation, come on over and join the Breakers Discord.
1:01.1	You can find the link in the show notes, or you can go to bit.ly slash breakdown pod.
1:07.0	And as always a quick disclosure, in addition to them being a sponsor of the show, I also work on marketing with FTX.
1:14.1	So let's start in Rio de Janeiro, but first a little bit of background on Bitcoin cities.
1:22.8	Over the course of the last year and change, Francis Suarez in Miami has become a model
1:28.8	for what it looks like to compete for global talent, particularly tech talent, as a mayor of a
1:35.1	major city. Suarez is, of course, the mayor of Miami, and has been working hard to attract
1:40.6	talent, companies, you name it, to his city.
1:49.0	Part of that has been an interest in Bitcoin and cryptocurrencies more broadly.
1:54.9	They've launched a Miami coin, built on stacks, and they have a lot of ideas and plans around how the city might accept tax payments in Bitcoin, might put treasury into Bitcoin.
2:02.4	Last February, Mariswara's told CoinDesk that he plans to place a portion of the Miami Treasury into Bitcoin, although those
2:06.4	plans have, as of yet, not come to fruition. Well, this week, Mayor Suarez was speaking at the Rio
2:12.9	de Janeiro Innovation Week. And around his conversation, the mayor of Rio, Eduardo Paez, had a pretty big
	...

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