Supply Shock
BITCOIN CITY: The Untold Story Behind Roswell's Historic Reserve | Guy Malone & Adam Simecka
May 6, 2025
Guy Malone, a reporter with insights from Roswell Daily Record and Bitcoin News, and Adam Simecka, a dedicated Bitcoin evangelist, discuss Roswell, New Mexico's ambitious strategic Bitcoin reserve. They explore how an anonymous donation sparked this initiative and the collaboration with local officials, revealing the unique cultural context of Bitcoin adoption. The duo also highlights the emotional connections driving community engagement and the innovative potential of using Bitcoin in local governance, including property tax initiatives. Their insights offer a fresh take on Bitcoin's role in shaping local economies.
40:33
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Roswell has established a strategic Bitcoin reserve, demonstrating the legal acceptance and potential of cryptocurrencies in municipal governance.
- Community involvement was crucial for Roswell's Bitcoin initiative, showing how grassroots efforts can influence local government decisions on emerging technologies.
Deep dives
Legal Framework for Accepting Bitcoin Donations
New Mexico law allows cities to accept Bitcoin donations as tangible or intangible property, and Roswell, New Mexico, has seized the opportunity by establishing a strategic Bitcoin reserve. This move was initiated following an anonymous donation which proves the legal acceptance of Bitcoin under state statutes. A city attorney confirmed that Bitcoin qualifies as property, eliminating the need for further voting or public approval processes. The anonymous donation's acceptance demonstrates the evolving view of cryptocurrencies within municipal governance.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
