The future are DAOs, not countries
The artist who recently became rich with his unusual painting proposed a whole new city where all economy runs on cryptocurrency. — The Guardian
Bitcoin City (BTC City) is the first smart decentralized autonomous city in the world where the whole economy runs on cryptocurrencies. It’s based on permissionless, mission-driven, and community-run coordination with direct democratic organization and transparent governance (DAO). BTC City’s mission is to become a decentralized socioeconomic system that encourages circular economy, rewards climate change solutions and nurtures social equity. Decisions are made through community consensus and rely on the perspectives of peers. Basic citizen income (UBI) is provided daily to ensure the people’s basic needs. With staking BTC, the tokens are equally distributed to all BTC citizens, so everybody has the same starting position. The lending platform helps entrepreneurs get investments for their products and services. Paying taxes happens automatically and functions somehow like paying fees to a payment service – only in this case do the “fees” go directly to the DAO’s operational capital (treasury), made from swap profits and transaction fees. Citizens then decide where they would like to invest their tax money through the process of participative budgeting. These shared rules and shared treasuries are encoded and automatically enforced on the Ethereum blockchain. In this direct democracy, all citizens act as politicians changing their local environment with active involvement in decision making and high levels of participation in online voting.
In media
Slovenian artist The Miha Artnak has come forward with a public proposal of some of his ideas on how to build a decentralized future city where citizens are entitled to a universal basic citizen income.
The Guardian
24ur
Clipping
In development
Approved by the government
Other links
![Bitcoin [BTC] sarà accettato nel più centro complesso commerciale della Slovenia - Criptovalute24](https://images.spr.so/cdn-cgi/imagedelivery/j42No7y-dcokJuNgXeA0ig/5099d8e9-d8b5-45d8-ae45-26be92b03ac3/Bitcoin-BTC-sara%CC%80-accettato-nel-piu%CC%80-centro-complesso-commerciale-della-Slovenia/w=3840,quality=80,fit=scale-down)
Wikipedia
