Ethereum

Vitalik Buterin, the co-founder of Ethereum, is now advancing a new idea for city governance that integrates democracy, capitalism, and decentralization. In a recent post on the social media platform, Farcaster Buterin <a href="https://warpcast.com/vitalik.eth/0x991451cb" rel="noopener noreferrer nofollow">proposed</a> a city model that can be compared to that of a decentralized autonomous organization (DAO). The particularity of this structure is that taxation is the cornerstone of its architecture.‘For-Profit&#39; City ModelButerin envisions &#34;for-profit cities&#34; that balance public good and enterprise, distinguishing them from the typical corporate-run municipalities. He argues for a hybrid governance model where public infrastructure effectively serves all income levels and cities contribute positively to the nation and the world, guided by humanitarian values. This framework would address issues like homelessness through integrated solutions rather than displacement.Citizen Governance RightsIn the envisioned city, citizens would gain access to assets that provide governance rights, while landowners would face higher taxes but hold less sway over city governance. This approach aligns incentives with the city’s overall success, ensuring that public goods are maintained and improved. The emphasis is placed on land value taxes as a tool to motivate governments to enhance local public goods while leaving the development of the land in the hands of local owners.Related:<a href="https://cryptotale.org/vitalik-buterin-moves-2-million-in-eth-ethereum-drops/" rel="noopener noreferrer nofollow">https://cryptotale.org/vitalik-buterin-moves-2-million-in-eth-ethereum-drops/</a><a href="https://cryptotale.org/vitalik-buterins-vision-hybrid-city-governance-model/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Vitalik Buterin's Vision: Hybrid City Governance Model

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