states had hoped lotteries or legalized gambling
would be a solution to inancial problems.
That hype also beneits people who get in early
on the new currencies, which is part of what fuels
arguments that cryptocurrency startups too
closely resemble pyramid schemes.
When Suarez announced in November that his
city would partner with the group, one of its
leaders, Patrick Stanley, told news outlet and
cryptocurrency price index company CoinDesk
TV that Suarez “just turned his city into an oil
producing country that gives Bitcoin yield to its
citizens, like that is incredible.”
That hasn’t happened and there are a lot of
hurdles to clear, both legal and technological,
before it could.