{"id":13282,"date":"2021-11-04T18:28:36","date_gmt":"2021-11-04T18:28:36","guid":{"rendered":"http:\/\/ci02916e0b90002519"},"modified":"2025-01-29T13:53:16","modified_gmt":"2025-01-29T13:53:16","slug":"nyc-mayor-elect-to-take-first-three-paychecks-in-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/nyc-mayor-elect-to-take-first-three-paychecks-in-bitcoin","title":{"rendered":"NYC Mayor-Elect To Take First Three Paychecks In Bitcoin"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><ul>\n<li>NYC Mayor-Elect Eric Adams will take his first three paychecks in bitcoin.<\/li>\n<li>The move comes in response to Miami Mayor\u2019s announcement two days before, saying he would take his next paycheck fully in BTC.<\/li>\n<li>One of Bitcoin\u2019s most essential characteristics, game theory, has begun playing out at the U.S. politics level.<\/li>\n<\/ul>\n<p>Game theory has started playing out in politics as the New York City Mayor-Elect announced he would be taking his first three paychecks fully in bitcoin, only a couple of days after his Miami counterpart shared a similar move.<\/p>\n<p>\u201cIn New York we always go big, so I\u2019m going to take my first THREE paychecks in Bitcoin when I become mayor,\u201d Eric Adams <a href=\"https:\/\/twitter.com\/ericadamsfornyc\/status\/1456311827550384129?s=21\" target=\"_blank\" rel=\"noopener\">tweeted<\/a>. \u201cNYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!\u201d<\/p>\n<p>The tweet came in response to Miami Mayor Francis Suarez, who committed on November 2 to take the entirety of his <a href=\"https:\/\/bitcoinmagazine.com\/business\/miami-mayor-to-take-full-paycheck-in-bitcoin\">next paycheck in BTC<\/a>, effectively becoming the first known U.S. politician to do so. Now, Adams is trying to offset his second-place status by tripling the commitment.<\/p>\n<p>Adams was recently elected as the next mayor of New York City after a candidate run marked by enthusiasm and promises around Bitcoin. The mayor-elect vowed to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-03\/mayor-elect-eric-adams-to-explore-nyc-coin-similar-to-miami-s?srnd=cryptocurrencies\" target=\"_blank\" rel=\"noopener\"><em>Bloomberg<\/em><\/a> yesterday that he will \u201clook at what\u2019s preventing the growth of Bitcoin and cryptocurrency in our city.\u201d<\/p>\n<p>Despite big and bullish promises, the mayor-elect also shared his plans to develop a \u201cNew York Coin,\u201d similar to the one being implemented by Suarez in Miami. \u201cWe\u2019re going to look in the direction to carry that out,\u201d Adams added in his comments to <em>Bloomberg<\/em>.<\/p>\n<p>Although both politicians fall for the token novelty, part of their actions align with the Bitcoin ethos and unlock a new game arena: politics game theory. Having two prominent U.S. politicians take 100% of some of their paychecks in BTC legitimizes the network and the asset, pushing adoption further. However, users must differentiate between a true digital monetary good, bitcoin, from a populist initiative like city coins.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/21-days-ad1-newsletter-1200x300-v3-copy.jpg\" title=\"\"><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Eric Adams tweeted the news in response to Miami Mayor Francis Suarez\u2019s similar announcement, igniting game theory dynamics.<\/p>\n","protected":false},"author":2572,"featured_media":13283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2766,2753,2767,934],"class_list":{"0":"post-13282","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-eric-adams","9":"tag-mayor","10":"tag-nyc","11":"tag-paid-in-bitcoin"},"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/ap21307094137096.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/13282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=13282"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/13282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/13283"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=13282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=13282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=13282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}