The Verge reports: “Miami, host city of the Bitcoin 2022 event we recently visited, doesn’t own or manage the MiamiCoin cryptocurrency, although the coin has enjoyed the support of Mayor Francis Suarez, who at one point suggested it raised “the possibility of being able to run a government without the citizens having to pay taxes.” Now Quartz reports that since launching on August 3rd, MiamiCoin’s value has dropped by as much as 95 percent.”

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