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Blockchain and decentralized ledgers will disrupt many things as we progress in their development. Government will be one of those administrative systems.
The city of Lafayette's mayor is very forward looking, he believes AI and blockchain technologies could save massive amounts of government costs.
This would in turn, shrink the government. We have the large problem of Central Banking cartels, pulling massive amounts of value out of the system with fiat currencies.
This could mark the beginnings of a trend, that will free humankind, from the monetary shackles imposed by the UN, the IMF and other Central Bank Organizations.
War as we know it, will end, when the ability for central authorities to extract the money from populous ceases. Taking the financial system back and decentralizing the power to citizens will revolutionize society.
Articles:
https://www.ccn.com/louisiana-city-considers-launching-its-own-crypto-to-address-funding-woes/
https://www.ccn.com/brazilian-crypto-businesses-exchanges-create-rival-cryptocurrency-associations/
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The mayor of Lafayette, Louisiana has proposed the city create its own cryptocurrency to raise money for public finance, taking a cue from Berkeley, California, according to The Acadia Advocate. Such blockchain-based municipal borrowing, should it materialize, could revolutionize local funding in the U.S. and beyond.
Joel Robideaux, Lafayette’s mayor-president, made the proposal during his annual address at the Heymann Center, calling his city a technology hub that will diversify the local economy and upgrade government services. The city is currently in severe economic straights and plans are in the works for additional taxes.
Robideaux, like his counterparts in Berkeley, sees cryptocurrency as a way to finance public works and allow citizens to participate in the financing. He called cryptocurrency an alternative for financing public infrastructure.
Robideaux said he was recognizing that the realm of banking, finance and payment systems has changed forever, and that government, healthcare and “possibly every industry” is soon to be disrupted. He dismissed the idea that cryptocurrency is being promoted by global libertarians seeking unregulated and untraceable digital currency transactions.
Unlike Berkeley planners, however, Robideaux gave no details on how his proposal for cryptocurrency application to municipal finance will work, or how he will motivate investors to support his vision.
Berkeley, by contrast, plans to back its cryptocurrency with municipal bonds and to offer crypto enabled “microbonds” to support affordable housing and homeless projects
@seha76 | April 16, 2018, 6:20 p.m. | Votes: 3 | [
VOTE ]
>The city of Lafayette's mayor is very forward looking, he believes AI and blockchain technologies could save massive amounts of government costs.
It's fun to enjoy. I think, a very genius thought from the mayor's father in saving the government budget.
In addition, the mayor's father has also reduced the unemployment rate and crime rate, all of which comes from the economic difficulties of everyday life.
I personally strongly agree with intelligent and wise thinking from the mayor's father.
Thank you @investing for sharing something really amazing. May all parties welcome the intelligent thinking of the mayor.
Have a wonderful day!
The cryptocurrencies provide a means of digital exchange, which is global and generalized, with which we can obtain goods and services specific to our needs. When we talk blockchain we associate it with globalization, since from any part of the world we can make a transaction, get a track of our spending, track our product and receive it in a certain time; everything from home.
This would affect the way of life of all of us, since we would enter a phase of evolution, where many of us will work from home, we could carry our own business, make our own investment, reducing a series of obstacles that we commonly encounter in life real. Thus, from the same way, we will streamline our financial, legal and personal obligations effectively.
upvoted and resteem
Okay so it took me some time to get through both the articles and understand the depth of the issue.
Here is the deal. This guy 'Joel Robideaux' is dong some ground breaking work on socio-economic-blockchain issue. Not only is he trying to bring in the blockchain based economic option for his city but he is also trying to turn it into a long term viable solution rather than it just being a one time thing.
I have heard reports like these before but this has one major point that makes me believe that this could be the real deal and not just a publicity stunt. He is actually in the process of actively recruiting talented individuals for his 'Blockchain Lab'. This is the most important point in the whole article as far as I am concerned.
Why? Because this would be the first time a blockchain based economic merger between a regional government body and cryptos could finally happen. There is literally no precedent (except for a few isolated one-time things). This is where all the research and money and time spent on it is going to pay off.
I think if he was just trying to make headlines with the millennial then he would have talked about the possibility of the payment option. Taking the initiative to start a group that is research oriented and is dedicated to back what they are proposing tells us that this could be real.
Thanks for this post man. Kind of made my day :-)
