of Santa Monica Bitcoin Office has announced a one-day Bitcoin Open Source Festival scheduled for October 18, though the date is subject to change. Labor Force Certification Foundationaims to provide education on various aspects of Bitcoin, including mining, investment, and Bitcoin’s wider impact on the economy.
🎡 We are excited to learn #Bitcoin Peer to Peer…⚡️⚡️⚡️
Please join us!
to follow Translator Official updates and details coming soon… dates subject to change pic.twitter.com/hcgCgQUOaf
— Santa Monica Bitcoin Office (@SMBitcoinOffice) August 9, 2024
Launched by unanimous vote of the City Council last month, the Santa Monica Bitcoin Office is dedicated to educating the local community about Bitcoin’s transformative potential. The office also aims to identify and foster Bitcoin industry partnerships to support Santa Monica’s economic recovery and create new job opportunities.
“By fostering strategic collaborations and positioning Santa Monica as a hub for Bitcoin innovation, the City hopes to attract investment and ensure economic resilience in the digital age. The upcoming festival is part of this broader mission, providing residents and businesses with an opportunity to stay up to date on the latest developments in Bitcoin.”
New Arrivals: Giant #Bitcoin The symbol lights up on the Ferris wheel at Santa Monica Pier in California 🇺🇸
— Bitcoin Magazine (@BitcoinMagazine) July 11, 2024
However, the city and its partners are clear that nothing discussed at the event should be construed as financial advice. The Santa Monica Bitcoin Office said it encourages attendees to conduct their own research and consult with a financial advisor before making any investment decisions.
In June 2023, Santa Monica firefighters also became the first union to purchase and hold Bitcoin, in partnership with the Proof of Workforce Foundation.
