Crypto Valley’s Zug to Run Switzerland’s First Blockchain-Based Municipal Vote
The Swiss city of Zug will conduct a -powered trial municipal vote this summer, local media outlet reported June 8. The event, which is scheduled to take place between June 25 and July 1, will reportedly be Switzerland’s first municipal vote using blockchain.
According to the report, the upcoming trial vote will implement the city’s digital ID (eID) system that was launched in November 2017. The system will allow citizens to vote via their mobile devices.
Apart from voting on minor municipal matters, citizens will also be asked if blockchain-based eID system should be used for referendum votes in the future. Since the upcoming vote is a trial, its results will be non-binding for city authorities, Swissinfo.ch reports.
Having “Crypto Valley”, a global hub for crypto and blockchain development, Zug has become one of the centers of “world’s leading ecosystems for crypto, blockchain, and distributed ledger technologies.” In 2016, Zug an initiative accepting bitcoin (BTC) as payment for certain municipality services.
Thanks to the presence of “Crypto Valley” and the country’s tax-free policy for crypto investors, Switzerland is the number one most blockchain-friendly country in Europe.
On June 6, the privately held Hypothekarbank Lenzburg bank, in Switzerland to provide business accounts to blockchain and cryptocurrency companies.
The wonderful world of bitcoin is a fascinating online roller coaster ride. What the mainstream calls “volatility” we call a time for “Hodl.” bitcoin price resumed it’s upward volatility on Monday into Tuesday morning, gaining over 10%, and I’m going to tell you why.
bitcoin price rebounded sharply entering the final week of March and it really had nothing to do with bitcoin. The greater economic markets were the key to bitcoin’s success as the U.S. Dollar took a beating yesterday. This was largely in reaction to the health care vote debacle late on Friday afternoon, when President Trump had to pull the new health care proposal of Paul Ryan for not having enough votes to pass.
This occurred too late on Friday for the market to react, so this carried over to Monday morning when the , the Dow Jones dropped to its lowest point since 2011, and the USD crashed compared to every major currency, CNY, Euro, and yes, bitcoin.
The USD’s market weakness means dollars can buy fewer Bitcoins, so bitcoin value increases against the USD, which is what the bitcoin price represents. bitcoin rose from about $950 USD to over $1,060, as of this writing.
THIS IS HOW IT WORKS FOR YOU
As I went over in a previous article, Price Will See Huge Gains For The Next 10 Years, one of the main reasons bitcoin is going to gain value over time is the inherent weaknesses in the greater economic market, which is based on debt.
The U.S. Dollar market is the most influential and strongest financial market in the world, and when Janet Yellen raises interest rates by twenty-five basis points, the economy goes into a tailspin. This should show you how weak the other markets are if the U.S. financial system is this fragile.bitcoin price will take advantage most of the time, and there is plenty of economic turmoil coming down the pike.
Another market condition that should be taken note of is the fall in the value of altcoin Dash, which has over the last 36 hours, almost the exact same time bitcoin started to rally.
Dash and bitcoin clearly have an inverse relationship. As one gains, the other falls, and if people see bitcoin on a run, they pull their Dash to get in on the action. A smart investor will take advantage of these relationships and market forces in the future.Dash being an economic hedge against bitcoin is not a bad place to be. Robin was pretty damn famous in his day, and beyond.
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ONE CHAPTER CLOSES; ANOTHER BEGINS
In an aside, I will no longer be writing articles for Bitcoinist after today. I will be moving back to the United States to build my million-dollar consulting business, , from this point forward. SBC will focus on bringing high-net-worth individual investors in the U.S. and Canada into the digital currency fold, trading fiat currency for global decentralized currencies like bitcoin and Ethereum.
If you know an avid investor who is looking to get started with bitcoin, feel free to send them over. They can do it. Smart Beta Consulting can help.
In closing, no matter where I roam, you can bet your last Satoshi I will be working to help someone learn more, buy more, and do more with “The Future of Money”. This is what I have been doing for the last three years of my life, and I will continue to do it until I can do it no longer. Thank you for your support of me and Bitcoinist. We all appreciate it and we do this work for you, the bitcoin community.
Take care and I’ll see you on the moon!
At what price will bitcoin stabilize? Share your thoughts below!
ForkLog В Bitfinex рассказали о предназначении «фейковой» пары USDT/USD Биткоин-биржа Bitfinex опубликовала твит, в котором поясняется, что представляет собой мистическая пара USDT/USD. https://t.co/sJ3VxufDli is the sum of USDt dep/wds to/from Bitfinex. We are not ‘publishing’ […]
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