Robideaux, like his counterparts in Berkeley, sees cryptocurrency as a way to finance public works and allow citizens to participate in the financing. He called cryptocurrency an alternative for financing public infrastructure.

Robideaux said he was recognizing that the realm of banking, finance and payment systems has changed forever, and that government, healthcare and “possibly every industry” is soon to be disrupted. He dismissed the idea that cryptocurrency is being promoted by global libertarians seeking unregulated and untraceable digital currency transactions.

Unlike Berkeley planners, however, Robideaux gave no details on how his proposal for cryptocurrency application to municipal finance will work, or how he will motivate investors to support his vision.

Berkeley, by contrast, plans to back its cryptocurrency with municipal bonds and to offer crypto enabled “microbonds” to support affordable housing and homeless projects