Vitalik gets in on smart cities and local currencies

News and Media
#1

Local crypto according to Buterin

According to Buterin, these cryptocurrencies should meet at least three of these points:

  • Act as a sustainable source of income for the government.
  • Facilitate economic cooperation between residents and the city.
  • Promote savings and wealth creation for all stakeholders.
  • Encourage social initiatives throughout the city.
  • Reduce wealth inequality.

Regarding the last point, Buterin proposed that the vast majority of the newly issued city tokens go to residents as a form of universal basic income. The Ethereum co-founder criticized current economic mechanisms for favoring “the rich over the poor.”

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#2

I agree with the Ethereum co-founder! Crypto investment scheme is getting very dirty and is not an equal opportunity for all people. The governments everywhere, but especially in third countries want to keep people poor.

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#3

I think Intercoin hits at least 3 here if not 4 with our applications; we have inequality reduction, social initiative incentivization, and promoting economic cooperation.

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#4

Now how to contact Vitalik?

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#5

Run into him at a conference, @ him on twitter, many ways

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#6

Vitalik is not like Eric Adams, if your idea is good he may actually engage w/ it

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#7

What’s his email? Post it here.

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#8
  1. Email: vitalik@ethereum.org.

Worth a try? :woman_shrugging:t3:

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#9

If you reply to him on Twitter quickly and thoughtfully I think that may be the best shot

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#10

Intercoin definitely hits more than 3 of these points that Buterin stated for local crypto. Intercoin has everything a local crypto needs!

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