RE: Neighborhoods on the Blockchain: A Proposal (Rough Draft)
I LOVE the idea! If I were to add my $0.02, I would say to geographically allot a specific value (average city-wide per-acre) to each acre that gets divided based on the land area of the specific lot, the left-over, streets, parks and such, controlled by the city, back to the city all for voting power. So the city will have the biggest "vote" but the cumulative owner vote would be the most powerful. This would put power back into the hands of the people, you might not want to mention that, lol. Since it is a blockchain, it will log ALL of the votes, publicly, through bond ownership, so no corruption could be used to sway the peoples power. It would also give power to every vote, since the biggest land owners may agree, the vast majority of smaller owners may not. Balance!
The bonds, attached to the specific property, could be based on the intrinsic value of that specific parcel. Buy into the bond in order to own the land. That bond then gives the owner specific voting rights for city-wide or local issues, that of course, would effect the value of that bond. The communities will be able, at that point, to have direct input into the over growth of their community. It would also allow the residents to be able to allot funds to the DPW and such in order to keep infrastructure to be maintained! My God, the opportunities would be overwhelming and community specific. They could also use the crypto to interact with other communities, county, state and federal.
RESTEEMED!