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Ferran 🐒
@ferran
I want to know what the sentiment on this topic is here. Should cities be driven by the common good or by profit? Only the followers of /network-states channel can vote https://frame.vote/mYLYXrwd
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Jean Hansen
@peerbase
Both approaches will exist and be better than the establishment, like closed and open source. But I think a decentralized strategy where "profit" is shared to token holders that invested or live in the city will prevail.
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Ferran 🐒
@ferran
I agree that cities should be more open, and we need to rethink them. However, regarding decentralized for-profit cities how would you prevent the city's first residents and the most successful ones, who accumulate most of the tokens (and perhaps even investment groups entering a some point to help expand the city), from acting against the interests of new citizens, immigrants and future generations who have few or no tokens, and therefore no say in the governance of the place where they live?
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Jean Hansen
@peerbase
that's actually the problem with nation states. With an easier way to create cities and countries, we are going to see an explosion of new types of decentralized governance. It's very hard to predict how they will look like, the same way it was impossible to predict all the amazing technologies that the Internet unlocked. But once they probably are going to be digital-native and mostly onchain, the incentives are very different from legacy governance, because transparency, digital property rights, etc.
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Ferran 🐒
@ferran
Excited to see more experimentation in social arrangements and ways of living.
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