Bitcoin City grand opening, 2018
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Bitcoin City grand opening, 2018

The future are cities, 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

The monument was made for the opening in 2018 by The Miha Artnak, founder of Bitcoin City

Bitcoin City, 2018
Bitcoin City, 2018

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 (DAO). BTC City's mission is to become a decentralized socioeconomic system that encourages circular economy, rewards climate change solutions and nurtures social equality. 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. The tokens are equally distributed to all BTC citizens, so everybody has the same starting position. 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). 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.

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In media

The Guardian

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ZN Media

Clipping

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In development

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Approved by the government

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Links

Wikipedia

The Miha Artnak

The Works • 作品 • الاعمال