One Step Closer To Municipal Bitcoin Permanent Funds

This may not seem like anything other than a marketing stunt, but I think this is a very important signal that the city of Fort Worth is sending to cities and small towns across the United States; bitcoin is something you should be taking seriously and bitcoin mining is something you should consider.

Bitcoin provides small towns, cities, counties and whole states with a mechanism that can be leveraged to turn their wasted or underutilized energy resources to produce sats flows that can flow into dedicated permanent funds that have the sole purpose of holding mined bitcoin for an extended period of time after which the town/city/county/state can begin deploying the mined sats to finance necessities and reduce — or potentially eliminate — taxes.

A permanent fund could be spun up by allowing a private sector miner to come in and take over the well for free, allow them to use the natural gas to produce electricity on site, mine with that electricity, and direct a small percentage of the sats flows to the permanent fund as a contribution for being able to take over the well.

Local governments could issue muni bonds with the sole intent of raising funds to acquire mining equipment that would be used to take advantage of any stranded or wasted energy plays with bond holders getting made whole first and the mining operations contributing directly to the permanent fund after that.

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