On Monday night, city council voted against directing staff resources to research a report on the possibility of allowing people to use cryptocurrency as a form of payment for things like property tax. The request also included a direction for staff to consider potential efficiencies for city divisions, and to provide the mayor’s executive committee with an analysis on the potential security risks and threats of using cryptocurrency and blockchain technology.
Councillor Glenn De Baeremaeker: “I guess I’m not an early adapter. At home I have a sack of grain. I have a couple of chickens – I know they’re illegal but I keep them for currency. I can get my head around maybe allowing taxpayers to pay their taxes using some sacks of grain and some chickens. I even have some pennies at home that really aren’t allowed to be around anymore, but I keep them at home and I can get my head around pennies. But when I saw this motion – I think it was Councillor [Norm] Kelly that moved it earlier – I have a staff member who is 20 years old and I asked her to explain it to me. She explained it very well and I had no idea what she was talking about, and I thought, maybe, when I want something dumbed down to the simplest level, I go to Councillor [John] Campbell. Councillor Campbell and I have been sitting here with our iPads, thinking of everything we can to dumb it down to its simplest level, and I don’t know…”
Councillor John Campbell: “I don’t know if it’s a compliment or not.”
De Baeremaeker: “I’m sticking with my sack of grain and my chickens. If taxpayers want to find an alternative means of paying their taxes, I’ll take the chickens and the sack of grain over the bitcoin.”