Rise of Crypto Cities

Crypto goes local, Reno Space Whales, and more… November 05, 2021 [UNSUBSCRIBE]( | [WEBSITE](Put_Website_ [Altucher Confidential] “With NYC… Miami… Wyoming… and Reno all beginning to jump into crypto, the cryptosphere sees an opportunity afoot.” [Email Masthead] Rise of Crypto Cities By Chris Campbell George Gilder: “Do NOT buy bitcoin until you’ve seen this.” [man with bitcoin]( believes something bigger – and potentially more lucrative – than bitcoin is emerging as we speak. It could ultimately generate trillions of dollars. And George recently went on camera to discuss his top stocks to buy to tap into that trillion-dollar potential. [Check the footage out HERE while you can.]( “Trust creates peace.” So said the paper tag on this morning’s peppermint tea. (I quit coffee recently. So now I get cliches instead.) It’s true. Most people want peace. (I assume.) But nobody trusts anybody anymore. Thus, the question is begged: how do we bring more trust into our systems? Most people want a sense of ownership. And ownership creates a sense of responsibility. (And with responsibility comes trust.) So how do we give more people a greater sense of ownership in the places they live? We also know that incentives matter. So how do we align personal, public, and private incentives? These are all really hard problems. And, by the way, there are zero easy answers. But, interestingly, they’re the same questions crypto projects have been wrestling with for years. In fact, Vitalik Buterin, the young genius co-founder of Ethereum, has long pondered the idea of “Crypto Cities.” Specifically, how to create incentive structures that naturally foster a sense of ownership, responsibility, cooperation, and trust. With NYC… Miami… Wyoming… and Reno all beginning to jump into crypto… Vitalik and the cryptosphere generally see an opportunity afoot. And, given we like to be ahead of the curve, it’s probably time to pay attention to this strange new trend. Rise of the Crypto City “All in all,” Vitalik wrote recently, “it seems like the local level of government is a very undervalued one. And given that criticism of existing smart city initiatives often heavily focuses on concerns around centralized governance, lack of transparency and data privacy, blockchain and cryptographic technologies seem like a promising key ingredient for a more open and participatory way forward.” Vitalik argues there are two distinct categories of blockchain ideas that make sense for cities: - Using blockchains to create more trusted, transparent and verifiable versions of existing processes. - Using blockchains to implement new and experimental forms of ownership for land and other scarce assets, as well as new and experimental forms of democratic governance. Does it make sense, Vitalik asks, “to have a city with a coin, an NFT, a DAO, some record-keeping on-chain for anti-corruption, or even all four?” Perhaps. And, he says, there are already people in office trying to do just that.” Senior Tesla Battery Engineer QUITS… One of Tesla’s senior battery engineers recently QUIT and started his own battery company… And [now he’s filed the patent paperwork for the KEY manufacturing process]( that could revolutionize the entire industry. [Click here for the details about this new tech – it’s all covered under patent application No. 3069168.]( Crypto Goes Local Indeed, while the federal government might furrow its brow about crypto, many local government officials are embracing it with open arms. Miami mayor Francis Suarez has said he’ll accept his next month’s paycheck in bitcoin. Not to be outdone, New York City mayor-elect Eric Adams tweeted: “In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!” Reno, Nevada mayor [Hillary Schieve]( is also keen on crypto. She’s been exploring blockchain-related ideas in [her podcast]( even implementing some of them in the city: - Selling NFTs to fund local art, starting with an NFT of [the "Space Whale" sculpture]( in the middle of the city - Creating a Reno DAO, governed by Reno coins. All Reno residents will be eligible to receive via an airdrop. The Reno DAO would be one way to get sources of revenue; a [proposed idea]( was the city renting out properties that it owns and the revenue going into the DAO - Using blockchains to secure all kinds of processes: blockchain-secured random number generators for casinos, blockchain-secured [voting]( and more. [Reno Space Whale] [Reno space whale](. As crypto keeps slipping into the mainstream, don’t be surprised to see it start translating in the “meatspace.” And as crypto gains political favor -- especially on the local level -- don’t be surprised to see politicians take notice. Sure, crypto cities are years away. But that’s good news. There’s plenty of time to catch the inevitable upside. More next week. Until then, [Chris Campbell] Chris Campbell For Altucher Confidential Newest book from the author of Rich Dad Poor Dad [lazy way to invest in real estate]( don’t have to be a landlord (or even invest in REITs) to earn monthly income from real estate. Now you can start building your own real estate empire today -- the “lazy” way -- thanks to over a dozen real estate secrets found in his most recently released book. [Click here to find out how to claim your copy.]( Subsribe To My Podcast [The James Altucher Show]( [The James Altucher Website]( [Subscribe Via Text]( [Subscribe With YouTube]( [Subscribe On Messenger]( [Subscribe With iTunes]( [Connected on LinkedIn]( Add AltucherConfidential@email.threefounderspublishing.com to your address book: [Whitelist Us]( Join the conversation! 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