You live in a city is where you could pay for any and everything with bitcoins. I'm talking CWL, Trash pick up (you know that's important!) gas, I mean if the servants of the public can get it free... WHY DO THOSE WHO PAY FOR IT HAVE TO PAY FOR IT?
Jobs or people would pay you for whatever service or duty or bet you lost and you wouldn't have to pay taxes, bank fees and it would only cost a few cents. EVEN ONVTHE OTHER SIDE OF THE PLANET!
Now imagine every cent (satoshi in this case) of the citizens money that goes to the government could be accounted for on a PUBLIC LEDGER so the people could trace every BIT.
OK there's that dry humor.
But I hope you can get the potential.
No not the humor... The potential of a Bitcity.
Let me explain how this could be done.Take a look at your city's annual budget for at least the last 1.5 years double that to set a budget for the 3 years.
Every citizen in that city would split that budget an equal share. NOW IN A BITCITY, WHATCHOO THINK ABOUT YOUR VOTE?
Do some research don't just trust me or anyone else for that matter with out doing your research first.
The year 2150 is set to be the last day a bitcoins will be mined.
This means there's and infinite number.
That means your government cannot get bigger withoutvits people or have the power to give empty promises nor can those you elect in office.The city could invest in a few bitcoin mining farms to make a little bitcoin to go towards the budget of course to help reduce the budget and the amount its citizens pay.
Think of the power of that.Power back into the hands of the people not the government or governments it creates to "govern" it .
Dontchoo forget I mentioned...
Every Satoshi is accounted for?SO YOU WILL GET WHAT YOU WERE PROMISED IN A BITCITY
If NOT... You know WHO AND WHAT TO BLAME FOR IT.
Not sure if MLK, Jr or Nakamoto coulda dreamed that.