Local governments have been interested in cryptocurrency like Bitcoin and Ethereum for years, and some have begun accepting it as a form of payment for certain transactions. But come places are taking it a step further
has received more than $7 million in value. According to CityCoins, Las Vegas, Los Angeles and San Francisco are also poised to have their own digital currencies.
Last, Reno Mayor Hillary Schieve is working on a plan that would allow city residents to receive cryptocurrency that corresponds to the value of certain city-owned parcels. People could buy and sell their stakes, and if the land were leased or sold, they would all share in the proceeds. The idea is just one of many blockchain enthusiast Schieve has for marketing the “biggest little city” as more youthful and vibrant.
These approaches have one big thing in common: they are rooted in grassroots fundraising, albeit with a 21st Century twist. Berkeley’s approach, for example, seeks to democratize the municipal market, Big picture, the advent of microbonds and cryptocurrency in general gives regular folks a chance to buy a stake in their city and potentially profit from it. As Schieve
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