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RE: CityCoins: Tens Of Millions Raked In And Changing City Governance?

in LeoFinance3 years ago

Dividend for all residents of Miami City?! Wow! Never heard of such a thing done by a local government, not until this time. All I know is that they are very innovative in extracting money from the people. But this kind of alignment of interest between the local government and its people is really something new. Also, that idea of voting with city coins could be a dream come true. At last, people can now send feedback to local officials whether they are satisfied or not with the kind of public service they receive.

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It wouldnt be voting as in the traditional sense. Now we are dealing with the idea that when we support a city's policy, we will buy the token. If not, we will sell it or pass it.

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Such feedback mechanism is far better than traditional voting. Somehow the centralized nature of a city's policy can now be "corrected" by the people's "voice" through the token.