The idea snappd in place in april. It is like a it's done against people's like the issue debt and then rake it from the tax base ry, city coins,. Instead of out of obligations, out of opportunity, so people can be sort of rooting a success of the city. And swares, swares was y swares is a fast move moving a do by the way. So, he's operating that thing like a start up, which i don't think it's easy to imitate for most elected mayors.
Patrick Stanley (@PatrickWStanley) joins the NIA boys to discuss a full breakdown of Citycoin's origin, the current state of Miamicoin + what this could look like in the future for other cities.
Make sure you're subscribed to catch a new episode every Thursday, where Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.
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Timestamps:
- 0:00:00 – Intro
- 0:02:26 – How Cities Are Evolving, CEO of Miami + How Citycoins Fit In
- 0:07:35 – Problem Miamicoin Is Solving + Origin of Citycoin
- 0:13:19 – Not Doing An ICO + How They Setup Miamicoin
- 0:17:29 – What Happens When The Price Goes Down?
- 0:20:58 – Government-run vs Customer-run
- 0:23:17 – Ryan Hoover's Tweet: How To Mine + Stack Miamicoin
- 0:28:52 – Setting Up A Wallet + Resources To Learn
- 0:31:14 – Launching Citycoin in Your City + Working as a Community
- 0:34:02 – Steelman Arguments Against Citycoin
- 0:38:32 – Evolution of Nation-States
- 0:40:05 – Expanding Definition of Memes, Affinity Tokens + Outsider Trading
- 0:45:50 – What Makes A Good Citycoin City, Historical Memers + Next Cities?
- 0:52:43 – Wrapping Up
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