Proof of Workforce and Careers In Government Partner to Integrate Bitcoin into Public Sector Jobs

September 12, 2024

In a significant move for both the cryptocurrency and public sectors, the Proof of Workforce Foundation (POWF) and Careers In Government Inc. (CIG) have announced a strategic partnership to integrate Bitcoin into public sector employment practices.

This initiative aims to revolutionize how government employees are compensated and incentivized, enhancing financial security, attracting top talent, and fostering innovation within the public sector. The collaboration is designed to create a scalable model for Bitcoin-based compensation and benefits that could be adopted by government employers nationwide.

Objectives of the Partnership

The partnership between POWF and CIG focuses on several key objectives:

Integrating Bitcoin into Salary and Benefits: Developing strategies to incorporate Bitcoin into public sector salary options and incentive structures.
Boosting Job Satisfaction: Offering financial protection against inflation and economic uncertainties to enhance job satisfaction and retention.
Promoting Financial Literacy: Providing educational opportunities and training related to Bitcoin to increase financial literacy among public sector employees.
Encouraging Adoption: Implementing outreach campaigns and tailored training programs to encourage Bitcoin adoption in the public sector.

Statements from Key Figures

The announcement has garnered positive responses from leaders of both organizations.

Michael and Corey Hurwitz, founders of Careers In Government, commented, “Integrating Bitcoin into public sector employment practices will not only attract and retain top talent but also promote financial literacy and inclusion, aligning with our mission to connect talented individuals with meaningful careers.”

Dom Bei, Founder of the Proof of Workforce Foundation, added, “We are excited to partner with Careers In Government to advance Bitcoin adoption in the public sector. This collaboration represents a significant step forward in empowering government employers and employees to embrace the benefits of this innovative technology.”

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Educational and Training Initiatives

In addition to integrating Bitcoin into compensation structures, the partnership will focus on promoting financial literacy among public sector workers. This will involve:

Educational Programs: Offering courses and resources on Bitcoin and cryptocurrency to enhance understanding and management of digital assets.
Professional Development: Providing training opportunities to help public sector employees navigate the use of Bitcoin in their financial practices.
Outreach Campaigns: Conduct campaigns to raise awareness about the benefits of Bitcoin and encourage its adoption in government operations.

Previous Initiatives by POWF

The Proof of Workforce Foundation has already made strides in integrating Bitcoin into government operations.

Notably, earlier this summer, POWF collaborated with the City of Santa Monica to establish an official Bitcoin office. This historic initiative was accomplished at no cost to the city, demonstrating POWF’s commitment to advancing Bitcoin adoption within public institutions.

Impact and Future Prospects

The strategic partnership between POWF and CIG is poised to have a transformative impact on public-sector employment practices. By integrating Bitcoin into compensation and benefits, the initiative aims to:

Enhance Financial Security: Provide public sector employees with a hedge against inflation and economic instability.
Attract and Retain Talent: Offer competitive compensation options that appeal to top talent.
Foster Innovation: Promote the adoption of cutting-edge technology within government operations.

As the partnership progresses, it will be important to monitor its implementation and evaluate its success in achieving these objectives. The initiative represents a bold step towards modernizing public sector employment practices and could serve as a model for other government employers seeking to embrace cryptocurrency.

Conclusion

The collaboration between the Proof of Workforce Foundation and Careers In Government Inc. marks a significant advancement in the integration of Bitcoin into public sector employment.

By focusing on Bitcoin-based compensation, financial literacy, and innovation, this partnership has the potential to reshape how government employees are compensated and supported. As the public sector increasingly explores the benefits of cryptocurrency, the success of this initiative could pave the way for broader adoption and integration of Bitcoin across various governmental functions.

Source: bitcoinmagazine.com

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Bitsoft360 or some other crypto trading tool? All advantages at one glance

Bitsoft360 crypto trading bot developed in Singapore hosts more than half a million traders worldwide. Lately, this bot has generated a lot of buzz Choosing your crypto trading tool is similar to opting for the bank you will entrust your capital to. And we have so many flattering offers on the market that you might be disoriented. So we are here to represent one of the recent AI and machine learning achievements in the crypto trading sector. We are talking about the Bitsoft360 trading bot, developed in Singapore and hosting more than half a million satisfied crypto traders worldwide. Lately, this bot has generated a lot of buzz since the accuracy of its system, and friendly user interface attracts more and more new and seasoned crypto traders. So let’s see what it’s all about. Bitsoft is one the freshest software on the market focused on the crypto sector. It offers more than 1000 altcoins for trade, without forgetting, of course, Ethereum and Bitcoin. Therefore, there are a lot of opportunities for traders to diversify their portfolios and make their trades more interesting. It’s very suitable for crypto enthusiasts looking for more exotic pairs to trade and eager to try new strategies and create new ones. The system allows for the implementation of traders’ ready-made strategies. If you are interested in experimenting with your strategies, we advise you to do it with their demo mode feature before implementing them on the real account. Of course, demo mode is particularly attractive if you want to test the platform and see if it’s easily navigable and comprehensive. But also, those with zero experience will be glad to have this opportunity to wet their feet before starting real trading. To start trading for real, a $250 minimum deposit is required, which is a modest sum, especially given the profit you might make using Bitsoft360. Its success rate is really amazing, trespassing 85 percent. Since it’s relatively new, we can expect this rate to grow as the team is working hard on implementing the latest AI and machine learning tricks to improve the system. There have been no records of system breaches so far which is a really important fact taking into account that the crypto trading sector is full of scammers these days. Their customer support is agile and very professional. We must admit after contacting them via their contact form. You can check it and see for yourselves by asking them some trading processes or opening account-related questions. Finally, you might ask why you choose Bitsoft360 over any other software on the market. According to dozens of Bitsoft360 reviews, we have seen that the team behind this project really invested a lot of effort in bringing to the market one of the most reliable trading bots. They have rectified all the glitches the users could find in some other mainstream software on the market. And they managed to create a secured, effective, highly intuitive bot that will meet the expectations of the most spoiled crypto trader out here. But don’t take our word for granted. Visit their official site, register, and start trading on a demo. Maybe it’s your next favorite trading bot that will accompany you in your future trading career.
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The Race to Replace Paper Money

The “krona” is Sweden’s official currency. Krona translates to “crown” in English, which is the reason why the currency is sometimes referred to as the Swedish crown. The Swedish currency was the ninth-most traded currency in the world, as recorded in April 2016. Much like the krona, Bitcoin is the most well-known cryptocurrency traded today, with investors from across the globe using platforms like Bit-Trader.io to fast-track their wealth status and increase their quality of life. With both commerce and non-profits moving toward replacing conventional money, it’s worth considering how to start investing in Bitcoin. Swedish consumers have been paying less with cash over recent years. This has prompted the Swedish central bank to test its cryptocurrency, the “e-krona”, in a pilot project. It was the first time in the world that a national bank had embarked on cryptocurrency attempts. According to the central bank in Sweden, the “e-krona” can replace coins and banknotes, and ensure that the bank can prosper in a society that is becoming increasingly cashless. The Riksbank saw potential challenges with cash margins and, therefore, initiated the pilot project to propose a technical solution for digital central bank money, an ‘e-krona’ that can function as a supplement to cash. The pilot project was launched in collaboration with the consulting company Accenture, which specializes in digital solutions. The technical solution for the project was based on blockchain technology, which is well known with Bitcoin, among other cryptocurrencies. It will essentially be evaluated in a test environment where it will show how the public can use the ‘e-krona’. The testing environment was intended to simulate how users can make payments, store the ‘e-krona’ in a digital wallet, and insert and withdraw via a mobile app. Even with contactless Dankort and MobilePay, Danmarks National Bank currently has no plans for a similar digital currency experiment in Denmark. However, Danmarks National Bank keeps track of what experiences Sweden’s Riksbank has drawn from the pilot project. In a 2017 report published by Danmarks National Bank, they talked about how Digital kroner already exists in the form of bank deposits and has been doing so for many years. Private banks thus offer well-functioning digital payment solutions and deposit accounts. Danmarks National Bank offers digital deposit accounts for banks as well as payment solutions for banks’ mutual payments. And they do not see the need or benefits for Danmarks National Bank also to run retail banking. In the meantime, an even more decentralized project is being planned within the HRF (Human Rights Foundation). The HRF said in a recent press release that they are working on a project that will support human rights globally. The money received into the fund will effectively help human rights activists, civil society organizations, and journalists worldwide. This is because the non-profit plans to create various Bitcoin projects. The idea is to set up a Bitcoin network that is even more decentralized and resilient to attacks. The HRF wants to create an independent financial instrument that can be of great help to various human rights organizations worldwide. Through the community funding campaign, individuals and organizations will also receive support daily. 95% of the donations go directly to the winning Bitcoin project developers, while the remaining 5% help the HRF work. The first winning project is CoinSwap, developed by a British developer, Chris Belcher. The interface it creates is designed to overcome state and corporate oversight. The platform makes it more difficult for authorities to track Bitcoin transactions. In this way, Bitcoin can be a significant help to human rights organizations. The death of George Floyd of America recently triggered an avalanche around the world. More and more anti-racism protests have been supported by several human rights foundations in the background. These organizations need urgent financial support. In this challenging situation, bitcoin may offer an ideal alternative, providing greater security than traditional currencies for cross-border transfers. HRF Director-General Alex Gladstein put it that “human rights defenders and journalists worldwide are facing increasing financial repression. Their bank accounts are frozen, their foreign funding is limited, and transfers are checked. It is becoming increasingly difficult to obtain donations and grants.”
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MicroStrategy Buys Additional $1.11 Billion Worth of Bitcoin

MicroStrategy’s Acquisition: 18,300 BTC for $1.11 Billion MicroStrategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, has made headlines once again by purchasing an additional 18,300 Bitcoins for $1.11 billion. This acquisition brings the company’s total Bitcoin holdings to a staggering 244,800 BTC, purchased at an average price of $38,613 per Bitcoin. With the total investment standing at $9.45 billion, MicroStrategy’s bold strategy continues to draw attention in the corporate world. Bitcoin as a Corporate Strategy MicroStrategy’s latest billion-dollar purchase, conducted at an average price of $60,408 per Bitcoin, reflects the company’s ongoing commitment to Bitcoin as a corporate treasury strategy. Since 2020, the company has consistently accumulated Bitcoin, seeing it as a superior store of value compared to traditional fiat currencies. This latest purchase reinforces the firm’s belief in Bitcoin’s long-term potential, despite market fluctuations and regulatory uncertainties. CEO Michael Saylor, a long-time Bitcoin bull, has been the driving force behind the company’s aggressive Bitcoin acquisition strategy. His conviction in Bitcoin’s role as the world’s “hardest money” has led the company to take bold steps in building a significant Bitcoin reserve. This strategy aims to protect the company’s balance sheet from inflationary pressures and currency debasement, while also positioning MicroStrategy as a key player in the Bitcoin ecosystem. Expanding Holdings Despite Market Conditions Despite the volatile market conditions in 2024, MicroStrategy has continued to increase its Bitcoin holdings. The firm views Bitcoin not only as a long-term investment but also as a superior treasury asset compared to cash, which is susceptible to inflation and depreciation. By borrowing fiat at low interest rates, MicroStrategy has been able to capitalize on the appreciation of Bitcoin while maintaining its liquidity. The company’s ability to generate a 17% Bitcoin yield year-to-date further highlights the success of this approach. Saylor has repeatedly emphasized that Bitcoin’s annualized returns have consistently outperformed traditional financial assets, making it an attractive option for companies seeking to maximize shareholder value. This strategy has also set MicroStrategy apart from its competitors, as it remains one of the few public companies to allocate a significant portion of its treasury to Bitcoin. MicroStrategy’s $15 Billion Bitcoin Trove At current market prices, MicroStrategy’s total Bitcoin holdings are worth over $15 billion. This substantial increase in value has directly benefited the company’s shareholders, as MicroStrategy’s stock price has surged in tandem with Bitcoin’s rise. Investors see the firm’s aggressive Bitcoin accumulation strategy as a forward-thinking approach, positioning the company to capitalize on the long-term growth of digital assets. The market’s response to MicroStrategy’s bold moves has been largely positive. The company’s stock has rallied alongside Bitcoin, reflecting investor confidence in the company’s vision. Saylor’s leadership and public advocacy for Bitcoin have helped to elevate MicroStrategy’s profile, attracting new investors who share his belief in the future of decentralized finance and digital currencies. Stock Price Surge MicroStrategy’s stock has surged in value as the company continues to accumulate Bitcoin. Investors view the firm as a proxy for Bitcoin investment, given its massive holdings. This increase in stock price has provided an added incentive for shareholders, creating a virtuous cycle where the appreciation of Bitcoin directly benefits the company’s market performance. Leading the Corporate Bitcoin Movement MicroStrategy has emerged as a leader in the corporate Bitcoin movement, with other public companies now adopting similar treasury policies. These firms are recognizing Bitcoin’s potential as a hedge against inflation and its role as a store of value in the digital age. However, MicroStrategy remains the largest corporate holder of Bitcoin in the world, and its ongoing accumulation efforts solidify its place at the forefront of this trend. The company’s bold strategy has inspired other companies to follow suit, albeit at a smaller scale. Public firms, including Tesla and Square, have adopted Bitcoin for their balance sheets, but none have approached the scale of MicroStrategy’s holdings. This demonstrates the company’s deep conviction in Bitcoin’s future potential and its willingness to take calculated risks to secure its position as a market leader. Biggest Speculative Attack on Fiat Currency MicroStrategy’s strategy is seen as a major speculative attack on fiat currency. By converting a significant portion of its treasury into Bitcoin, the company is effectively betting against the long-term viability of fiat money. Saylor has referred to this as the “biggest speculative attack on fiat currency in history,” as MicroStrategy continues to acquire the hardest money for its treasury. Bitcoin as a Treasury Asset MicroStrategy views Bitcoin as a far superior treasury asset compared to cash, which is subject to inflationary debasement. The company believes that by holding Bitcoin, it can preserve its purchasing power over the long term, especially in a world where inflation rates continue to rise. This belief underpins MicroStrategy’s corporate strategy, as it shifts away from holding large reserves of cash, which can lose value over time. Cash, as a fiat currency, is exposed to inflation and the risks associated with central bank policies. In contrast, Bitcoin’s fixed supply and decentralized nature make it an attractive alternative for companies looking to store value. Saylor has been vocal in his criticism of central banks, arguing that their monetary policies are eroding the value of national currencies. By holding Bitcoin, MicroStrategy is positioning itself to withstand these challenges. Other Companies Following Suit MicroStrategy’s decision to adopt a Bitcoin treasury policy has encouraged other public companies to do the same. Several firms are now acquiring Bitcoin exposure on their balance sheets, following the example set by MicroStrategy. However, despite the growing trend, MicroStrategy remains the largest corporate holder of Bitcoin, far surpassing any other company’s reserves. MicroStrategy: A Bitcoin Development Company By harnessing underutilized capital to capture Bitcoin’s upside, MicroStrategy has effectively transformed into an emerging Bitcoin development company. This shift goes beyond merely holding Bitcoin; the company is actively contributing to the broader adoption of Bitcoin through its public advocacy and strategic decisions. In doing so, MicroStrategy is playing a pivotal role in promoting Bitcoin as a global store of value. As a Bitcoin development company, >>Read more
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Bitcoin betting together with market leaders

It has never been so easy to earn cryptocurrency. Today, bitcoin betting 1xbit.com has become a reality for those who have chosen to cooperate with one of the most attractive bookmaker offices in this market segment. It is important to note that it began its work at the same time as the cryptocurrency started to develop and spread. That is why the professionals are well acquainted with all the requirements of the audience and offer only the best conditions for long-term cooperation. There will be no problems with the conversion of funds. The company takes over this issue. In order to earn cryptocurrencies solely due to your knowledge, you only need to undergo the registration procedure on the office’s website and deposit funds. After that, betting with bitcoins will become a reality for you at any time of the day. Among the advantages of forecasts in a verified office are the following: Good line of events. It includes confrontations in dozens of sports. Hundreds of matches presented daily provide ample opportunities to choose what each bettor is really interested in. High odds. Such numbers have become possible due to the low margin level, which is set in this office. Variety of funds depositing options. Here, the bookmaker office is always ready to meet the requirements of its customers. Within the presented platform, all transactions are held with cryptocurrency. Considering its importance in the modern world, betting at this company is the simplest and most rational way to increase your digital currency assets. Best casino by professionals The casino section is also available here. There you will find a lot of entertainment to suit every taste. There are already well-known games, as well as many unique offers. High-quality user interface and high odds are the key advantages of the best casino http://1xbit.com/casino/. There are always a lot of exciting types of entertainment waiting for you. You will be able to show your skills and earn the best reward for it. An important advantage compared to a classic gambling establishment is the opportunity to try your luck 24 hours a day. Now, you need to do just a couple of clicks so that you can fully see the current picture of events and start playing together with market leaders. Complete the registration procedure today to make sure of this yourself. Here it is your knowledge and passion that will become the basis for new winnings. Together with the casino best offers, it is always easy to stay in the black, and it is also easy to appreciate its benefits when working via any device.
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Venezuelan Opposition Leader María Corina Machado Calls Bitcoin a “Lifeline”

Bitcoin’s Role in Venezuela’s Fight Against Economic Collapse and Authoritarianism In an exclusive interview with Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation (HRF), Venezuelan opposition leader María Corina Machado shed light on Bitcoin’s pivotal role in Venezuela’s battle against economic collapse and authoritarianism. The interview, first published in Bitcoin Magazine, provides a stark view of how Venezuela’s economic crisis, exacerbated by the Chávez and Maduro regimes, has devastated the country’s financial system. The Economic Collapse: A Tale of Hyperinflation Venezuela’s economic turmoil under Hugo Chávez and Nicolás Maduro has been catastrophic. According to Machado, the Venezuelan bolívar has suffered an astronomical devaluation, losing 14 zeros. Inflation soared to an astronomical 1.7 million percent in 2018, rendering the bolívar virtually worthless. Machado described the financial devastation, attributing it to “financial repression rooted in state-sponsored looting, theft, and unchecked money printing.” Despite Venezuela’s significant oil reserves, these economic mismanagement practices have crippled the nation’s economy. Bitcoin as a Lifeline The Escape from Hyperinflation During the interview, Gladstein highlighted how Bitcoin has emerged as a crucial tool for many Venezuelans seeking to escape hyperinflation and safeguard their wealth. Machado reinforced this view, describing Bitcoin as a “lifeline” for Venezuelans grappling with the economic crisis. Bitcoin has provided a means to circumvent government-controlled exchange rates, allowing individuals to protect their savings from the ravages of hyperinflation. Many Venezuelans have turned to Bitcoin not only as a store of value but also as a way to fund their escape from the country, given the severe restrictions on traditional financial systems. Bitcoin in Venezuela’s Future Machado proposed the inclusion of Bitcoin in Venezuela’s future national reserves, envisioning it as a key component in the country’s recovery from the authoritarian regime. She emphasized Bitcoin’s role in providing financial autonomy and aiding in the rebuilding process. “Bitcoin bypasses government-imposed exchange rates and helps many of our people,” Machado noted. “It has evolved from a humanitarian tool to a vital means of resistance.” She sees Bitcoin as instrumental in recovering the stolen wealth of the nation and restoring financial independence, essential for rebuilding a new, democratic Venezuela. Reclaiming Democracy and Rebuilding with Bitcoin The People’s Determination Machado spoke of the Venezuelan people’s relentless efforts to reclaim democracy and resist the regime. She praised the use of technology like Bitcoin in advancing financial autonomy and supporting the nation’s struggle for freedom. “We envision Bitcoin as part of our national reserves, helping rebuild what the dictatorship stole,” Machado stated. She believes Bitcoin’s integration into Venezuela’s recovery plan will play a critical role in ensuring transparency, protecting property rights, and fostering economic freedom. Conclusion María Corina Machado’s insights into Bitcoin’s role in Venezuela provide a compelling perspective on how cryptocurrency can serve as a tool for financial survival and political resistance. As Venezuela continues to grapple with the consequences of economic mismanagement and authoritarian rule, Bitcoin offers a beacon of hope for financial autonomy and recovery. Machado’s vision of integrating Bitcoin into the nation’s reserves highlights its potential to transform Venezuela’s economic landscape and support the country’s journey toward democratic restoration and economic freedom. Source: bitcoinmagazine.com
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Objectives of the Partnership

Statements from Key Figures

Educational and Training Initiatives

Previous Initiatives by POWF

Impact and Future Prospects

Conclusion

Source: bitcoinmagazine.com

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